Foreclosures

What’s Going on in REO World?

by Melissa Zavala | January 31, 2012

Crazy, crazy, crazy. One of the agents in my office recently got an assignment for an REO. How exciting!. Agents love REO assignments, and this wasn’t his first. Here’s the crazy part: When I was going over the paperwork, I noticed that the property had been foreclosed upon by the lender in 2008. I couldn’t believe it, so [...]

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Commentary

Don’t Compromise Your Real Estate Strategy for the Sake of Buying

by Ken Corsini | January 4, 2012

Many investors in recent months have noticed a decline in REO and HUD inventory in their markets. While some may speculate that we are finally working through the majority of the foreclosure casualties from the real estate crash, many analysts believe the lack of foreclosures on the market has more to do with government intervention. [...]

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Real Estate Marketing

How to Setup Foreclosure Based Real Estate Marketing Squeeze Pages

by Jeff Logue | December 8, 2011

According to a recent article submitted by Inman News, there are more foreclosures being processed right now than ever before. In fact, just between the months of September and October alone, foreclosure starts jumped by 5.7%. On the other hand, Inman has also reported that the long term outlook for foreclosure properties looks positive. Therefore, [...]

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Commentary

Trick or Treat: Real Estate Investing in 2012

by Michael Zuber | October 31, 2011

Happy Halloween! I love Halloween for one simple reason, I get to make lots of people (mostly kids) smile. I love handing out big handfuls of candies to every trick-or-treator. I always buy way too much candy with the sole idea of getting kids to say “Wow!” or “Did you see how much he gave [...]

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Real Estate Investing

Using Wholesalers To Acquire Investment Property

by Ken Corsini | October 12, 2011

Last week I wrote a blog about what to expect when bidding on REO properties. For many new investors, bidding on REOs seems like the quickest and easiest way to buy an investment property. However, with competition from other investors on the rise, it has become increasingly difficult to buy an REO at the right [...]

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Real Estate

Using Seller Financing to Acquire Properties Still Works

by Ken Corsini | July 21, 2011

Last week I wrote an article which examined how offering terms on a property that you are selling can be a very powerful tool to get a property sold. I thought it would be worth a follow up blog to discuss the other side of the equation. For those investors looking to acquire investment properties, [...]

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Foreclosures

Purchasing Bank-Owned Properties – The Good, the Bad, and the Ugly

by Melissa Zavala | July 19, 2011

In many parts of the United States buying a foreclosure is en vogue. Buyers flock to these properties because they are allegedly a great deal. But, are they? While each and every foreclosed property listing is different, there are quite a few considerations with respect to purchasing a bank-owned foreclosure (REO). And, sadly, not every bank-owned property [...]

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Foreclosures

Musings on Cash for Keys & Foreclosures

by Melissa Zavala | June 28, 2011

Agents, homebuyers and individuals facing foreclosure frequently ask me about this thing called ‘cash for keys.’ Somebody’s uncle’s cousin’s sister told someone that they can get ‘cash for keys’ if the property goes to foreclosure, and homeowners generally want to know whether this is true. And, yes, in a nutshell, it’s true. What is Cash [...]

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Housing

Interest Rates Creep Up, a Big Decline in Foreclosures, and more: The Week in Housing

by Ryan Hinricher | April 18, 2011

This week we cover increasing interest rates, declining foreclosures, and get an update on mortgage applications. We’ll also look ahead to next week’s busy week of housing data. Rate Creep is Back Thankfully for the housing market, rates have been relatively stable lately, rising only nominally. However this week’s drift up in rates marks the [...]

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Real Estate

Has the Time Come to Get a Smokin’ Hot Deal on a Short Sale?

by Melissa Zavala | April 5, 2011

Is it possible that the time has finally come for investors to buy short sales and get smokin’ deals? Over the past year or two, it has become increasingly more difficult for investors to purchase short sales for cents on the dollar. Banks see the properties listed for short sale as pristine and scarcely want [...]

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Foreclosures

Foreclosure Sales Provide Insight Into Housing Recovery

by Joe Manausa, MBA | March 22, 2011

I try to keep track of as many possible statistics about the housing market, knowing that a gem of intelligence is always lurking behind some chart or graph if I look hard enough. One graph that historically has been un-revealing is suddenly speaking to me in volumes. The graph below shows the continuing trend of [...]

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Housing

Price Declines, Higher Rates, and Foreclosure Numbers: The Week in Housing

by Ryan Hinricher | February 14, 2011

How long will price declines continue? Are interest rates going anywhere but up? We answer these questions and take a look at mortgage activity and foreclosure rates this week. CoreLogic: Price Declines Enter 5th Straight Month CoreLogic released its December Home Price Index, showing home prices declined 5.46% over December 2009. Excluding distressed sales, prices [...]

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Real Estate Interviews

Rick Sharga: RealtyTrac’s VP Discusses the Foreclosure Crisis & Offers Foreclosure Investing Tips

by Ronald Sklar | January 31, 2011

The unpleasant business of foreclosure has become big business these days: big, scary business, and certainly not for the delicate of heart. Rick Sharga, Vice President of the foreclosure monitor called RealtyTrac, keeps an unblinking eye on the subject. In the process, he is uncovering data that is surprising him – and us – more [...]

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Mortgages & Lending

Utah Courts Grant Home Owners ‘Get Outa Jail Free’ Card In Foreclosure Mess

by Jeff Brown | January 18, 2011

Short and sweet today, as I’m pretending I’m an employee enjoying the three day weekend like everyone else. A court in Utah has now ordered any record of loans previously recorded on a few homes to be eliminated. Put more plainly, the order left the home owners with their homes magically made debt free. Why [...]

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Foreclosures

Shadow Inventory Larger Than Reported

by Joe Manausa, MBA | January 18, 2011

One of the new buzz words to have sprung from the collapse of the housing market is “shadow inventory,” and when most industry “experts” report the numbers, they are referring to distressed properties that have yet to hit the market. Primarily, these are REO properties (homes that have changed ownership from individuals to lenders) and [...]

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