REO

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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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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Commentary

Commentary: Foreclosure – The Human Element

by Bill & Jackie Patterson | March 9, 2011

We recently spent a full day looking at REOs for good candidates to fix and flip. Although we specialize in short sales, since Bill is a contractor, we also buy REOs to remodel and flip. We were examining these homes looking for opportunities to make a profit, but as we went through home after home, [...]

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Real Estate Investing

The Incredible Vanishing Bulk REO Seller

by Marty Boardman | March 3, 2011
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Catherine Bach was last seen in 2000.  Famous for her role as Daisy Duke in the Dukes of Hazzard, her whereabouts have been unknown for more than a decade.  Then there’s Jan-Michael Vincent.  He gained stardom from the popular 80’s TV series Airwolf.  No one has seen this guy since the show was cancelled in 1996.  [...]

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Real Estate

Do Short Sales and REOs Affect Local Market Property Values?

by Bill & Jackie Patterson | February 7, 2011

You had better believe it! We all know that there are different values for distressed properties and a normal retail property. The problem is, that the distressed REO or Short Sale property does have an effect on your local and neighborhood housing values and appraisals. You can have a well kept up home that has [...]

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Foreclosures

Shadow Inventory Larger Than Reported

by Joe Manausa, MBA | January 18, 2011
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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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Commentary

The Massive Coming Shadow Inventory and What to Do About It

by Steve Dexter | December 23, 2010

Let’s see….we have 900,000 bank foreclosures happening now according to Realty Trac and 143,000 of these are in California. Only a third of these foreclosures are even listed with a realtor. In my favorite areas to buy and hold real estate-Los Angeles and Orange counties- Realty Trac tells me that 34,000 houses have been taken [...]

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Real Estate Investing

The Evolution of an REDC Auction Deal

by Marty Boardman | November 3, 2010
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I couldn’t get the song out my head.  Leroy Van Dyke sang it.  My Dad would play this tune in the aftermarket cassette deck of our 1976 Chevy Caprice wood paneled station wagon over and over again.  As I entered the grand ballroom of the Hyatt Regency Downtown Phoenix that early Saturday morning in June the [...]

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Starting Out

Wholesale Tips: You Can Wholesale REOs

by Ryan Moeller | July 3, 2010

For beginners, wholesaling is definitely the best real estate investing strategy.  Not only do you not need a lot of money or great credit but you do not need years of experience.  It’s fast, low risk and as a beginner you can learn many of the fundamentals needed to achieve success with almost every strategy.  [...]

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Real Estate

REO Pet Peeves

by Stephani Davis | June 24, 2010
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For the last three years I’ve been pursuing REO properties that are listed on the MLS, and while it’s been a great run so far, there are definitely some frustrations that come with working in this niche. For those of you who have incorporated the MLS into your acquisition strategy, you probably know what I’m talking [...]

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Real Estate Investing

Getting Started in Real Estate: Part 2 – Approaches to Finding Profitable Deals

by Peter Giardini | June 3, 2010

In Part 1 of this series I suggested that there is a Million Dollar question every beginning real estate investor wants answered before they jump in.  That Million Dollar question is this… As a new real estate investor what strategy should I focus on to get started?  I am going to focus on Marketing or the [...]

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Real Estate

MLS Bargain Hunting: Tips and Tricks (Part 3)- The Pending Hijack

by Stephani Davis | April 8, 2010
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Over the last two weeks, I’ve been giving you some tips and tricks to use when searching the MLS for deals. (In case you missed Parts 1 and 2 of this series, you can read them here and here). In today’s article, I’m going to be talking about a little-known tactic used to snag deals [...]

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Real Estate

MLS Bargain Hunting: Tips and Tricks (Part 1)

by Stephani Davis | March 25, 2010
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After three years of chasing REO properties on the MLS, I’ve managed to pick up a couple of tips and tricks that I thought I would share with you over the course of the next few weeks.  I realize that not all MLS systems are created equal, so your mileage may vary, but hopefully you [...]

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Real Estate News

Higher Foreclosure Sales Expected By 2012

by Charles Feldman | March 10, 2010

It’s always good to have something to look forward to. Well, try this one on for size: J.P. Morgan Chase is reportedly projecting ahead into the not too distant future and has concluded that bank-owned sales “as a share of total home sales will remain at current or even higher levels three years from now…” [...]

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