REO

Economy

The Difference Investors Make

by Steve Cook | January 4, 2012
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A nation’s homes shape the quality of its citizens’ lives.  Homes are where the workaday world ends and family life begins.  Life’s passages take place in our homes; they are where children grow up and memories are made.  Homes form the building blocks of every community. Not since the Depression has a man-made disaster so [...]

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Commentary

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

by Ken Corsini | January 4, 2012
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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 Investing

Do More Deals: How Writing Offers is Like Dating

by Marty Boardman | November 24, 2011
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My friends call him “The Devil” but his real name is Sam.  He earned the nickname because of his outrageous behavior. Now don’t get me wrong.  Sam isn’t a mean person.  He’s actually a very nice guy.  It’s just that when he’s around bad things happen.  At my bachelor party in Las Vegas Sam somehow [...]

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Real Estate Investing

What is your Real Estate Acquisition Strategy?

by Marty Boardman | November 3, 2011

I wouldn’t be comfortable with someone referring to me as an expert – unless it had do with cereal or cheap red wine.  Oh, and acquiring stuff.  I’m really good at that too. Let’s just say I’m a sucker for the latest tech/music/audio gadget on the market.  My most recent non-real estate related acquisition was [...]

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Real Estate Investing

Using Wholesalers To Acquire Investment Property

by Ken Corsini | October 12, 2011
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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 Investing

What to Expect When Bidding on REO Foreclosures

by Ken Corsini | October 6, 2011

Anybody who has bid on an REO foreclosure in the last year or so probably knows that getting one under contract isn’t what it used to be. A few years ago, buying an REO was a fairly straight forward process; i.e. make lowball bids, get counter offers from the bank and eventually settle on a [...]

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Real Estate Investing

The Real Estate Investor’s Realtor: What Should You Expect?

by Marty Boardman | August 26, 2011

I’m a worried Dad.  My beautiful little girls are growing up too fast.  They’ll be dating soon and I pray they make wise choices.  I certainly don’t want them hanging around the wrong crowd.  So rather than leave this up to chance or divine intervention I decided to start establishing some criteria for them.  Their [...]

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Real Estate Investing

How to Spot a Wholesale Real Estate Pretender

by Marty Boardman | July 28, 2011
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HOUSES WANTED:  Experienced real estate investor with cash and credit seeking a wholesale-priced investment property in the Phoenix metro area.  The home can NOT be currently listed on the multiple listing service because everyone knows that is where retail buyers go to find a house.  If you require that I register on your fancy website [...]

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Real Estate Investing

Banks and the Games they Play with their REO Properties

by Marty Boardman | July 22, 2011

There is nothing special about 9430 W. Monroe Street.  Although from the Realtor remarks section of the multiple listing service plano you would think this house was decked out like a Beverly Hills mansion: GREAT OPPORTUNITY TO OWN THIS 3 BEDROOM HOME WITH NEW CARPET, NEW PAINT, PRIVATE FENCED POOL, VAULTED CEILINGS, INSIDE LAUNDRY, STORAGE [...]

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Real Estate

Using Seller Financing to Acquire Properties Still Works

by Ken Corsini | July 21, 2011
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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
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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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Real Estate Investing

The Fix and Flip Fisherman

by Marty Boardman | July 14, 2011
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Bill and Frank rent a boat and go fishing. They catch a lot of fish and return to the shore. Bill says to the Frank, “I hope you marked the spot where we caught all those fish.” Frank replies, “Yes, I marked an ‘X’ on the side of the boat to mark the spot.” Bill [...]

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Real Estate

REOs & Short Sales: A Steal or a Deal?

by Melissa Zavala | May 17, 2011
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I received a phone call yesterday from a buyer’s agent who was calling on one of our bank-owned (REO) listings. The bank had just reduced the list price on this particular property by $15,000. We’ve had tons of traffic and gotten a handful of offers in the last few days. In the conversation, this agent [...]

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Commentary

If Purchasing Park Place Was Really That Easy….

by Melissa Zavala | April 19, 2011
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On Spring Break with the extended family, I had the opportunity to participate in a rousing game of Monopoly—modern-day Monopoly being that we played on an iPad instead of pulling out the old board game with the metal pieces. One of the kids that participated will obviously be the next real estate tycoon because he [...]

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Real Estate

Short Sales: The Times, They Are A-Changin

by Bill & Jackie Patterson | March 23, 2011

As Bob Dylan so famously said…… “The times, they are a-changin” Short sales, REOs and real estate in general are constantly changing, and to be successful, we all know that it’s important to stay current with changing rules, trends, markets and exit strategies. What works today, may not work tomorrow. We had been working on [...]

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