short sale

Real Estate Investing

How to Buy Real Estate after a Strategic Default

by Marty Boardman | January 28, 2012
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A patent attorney.  A certified public accountant. A physical therapist.  A Realtor.  A retired utility company worker.  A mechanical engineer.  A doctor.  A nurse practitioner. An elementary school psychologist. These are just a handful of people I know that have strategically defaulted on an underwater mortgage. While their backgrounds and occupations are diverse, all are [...]

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Commentary

Time to Let Underwater Homeowners Drown

by Marty Boardman | January 20, 2012

The house on Carla Vista Drive had never been remodeled.  Nor did the original owner elect to pay for any upgrades when the home was first purchased.  Built in 1992, it had no appeal to a retail buyer.  From the peach-colored mini aluminum blinds, to the blue countertops, to the white-washed kitchen cabinets, this house [...]

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Real Estate

Keeping Your Nose Clean When Flipping Short Sales

by Ken Corsini | December 14, 2011
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Last week I wrote an article about the opportunities in the short sale market; especially with other investors who bought at the peak of the market.  With the large number of properties being advertised as short sales on the MLS, it’s become easier than ever for new investors to try their hand at this strategy. [...]

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Real Estate

A Niche In the Short Sale Game

by Ken Corsini | December 7, 2011
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When I think about the opportunities and marketing efforts associated with short sales, I picture the typical family who has fallen victim to this recession. Perhaps it’s a husband whose job has been eliminated, resulting in the inability to pay the mortgage. Or, maybe it’s a family whose mortgage has adjusted, the payment has become [...]

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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

24: The Fix and Flip Edition

by Marty Boardman | November 10, 2011

The following is an account of my last 24 hours as a fix and flip investor.  The events described here are real.  The names of those involved have not been changed because you’ve probably never heard of any of them.  Some of the details are graphically mundane and may bore you to tears.  You have [...]

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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

A Glossary for Today’s Real Estate Investor

by Marty Boardman | September 29, 2011

So you want to get into real estate?  Well, allow me to help you get up to speed on a few important terms, from an investor’s point of view. Short Sale:  This is an oxymoron.  Rarely are short sales short.  It’s even rarer if a sale occurs at all.  An extremely subjective process, the short [...]

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Real Estate

Wait for Clear Title Before Spending Money

by Ken Corsini | September 28, 2011
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Last month I came close to making a fairly novice mistake on a short sale I was purchasing. This was a property I was buying for my personal residence and I had finally received an accepted offer from the bank after 6 months of negotiating.  I was excited that the bank had finally accepted my [...]

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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

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 Investing

Real Estate Day Trading at the Courthouse Steps

by Marty Boardman | June 9, 2011
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His face was wrinkled.  Not from old age, but from the sun.  I was certain his raspy voice came from years of cigarette smoking.  The man standing at the front of the room was a real estate instructor.  The class he was about to teach was called Foreclosures and Short Sales 101.  There were about [...]

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Selling Real Estate

A Short Sale Is Like an Everlasting Gobstopper

by Melissa Zavala | May 31, 2011
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Christopher Columbus is known for discovering that the world is, in fact, round. Albert Einstein is known for his Theory of Relativity.  Well, I’ve got a theory, too. It’s the theory of the Everlasting Gobstopper. Over the last four years or so, I’ve come to reason that a short sale is kind of like the [...]

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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 Law

FTC’s Mortgage Assistance Relief Services: MARS Rule & Short Sales

by Bill & Jackie Patterson | February 14, 2011

In the mid 90′s there was a lot of talk about a popular book called “Men are from Mars, Women are from Venus”, and it was the topic of many talk shows and conversations. Today, we’re talking about MARS again bit in a different context. Regardless of what planet you’re from, when it comes to [...]

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