In the tumultuous housing market that has been dominating the past few years, there are losers and winners. Those who have lost their homes to foreclosures certainly know full well what economic conditions have precipitated the housing crisis, including rising interest rates and payments, falling home values, and loss of income, and, sometimes employment. However, some investors and homeowners have […]
The housing crisis in the United States is providing a ready victim market for foreclosure scammers and criminals who prey on unsuspecting Americans in dire straits. The unprecedented number of foreclosures in this nation is making promising white-collar scammers salivate. New foreclosure assistance companies and loan modification companies are emerging faster than you can count. Former mortgage brokers have now […]
To clarify, let’s describe what Real Estate or “REO” is. Real estate foreclosed by an institutional lender (primarily banks, mortgage companies, insurance companies, etc.) and now owned by that lender is owned by REO. Most lenders have an REO department within their business generally managed by an REO officer, a bank employee, or another lender. Lenders definitely do not want […]
Single-tenant building owners that are triple net (NNN) leased to credit worthy tenants are finding that tenant lease financing on credit is often a better alternative than selling when in need of cash. Selling a building is not an economic endeavor; brokers charge 4-6% commission, and there are numerous legal fees and other miscellaneous costs as well. In addition to […]
Many smaller foreclosure cleaning companies get work from larger mortgage field service companies. The garbage cleanup and foreclosure industry is on the rise, as evident in foreclosure industry reporting data from sources like RealtyTrac, an online marketplace for foreclosures. According to RealtyTrac, there were 3,825,637 reported foreclosure filings on US properties in 2010. That’s a double-digit increase from 2008. Foreclosure […]
Have you ever thought about the fact that most people with a “home” business they probably spend more time away from home working on their business than they actually do Being at home? With the exception of certain types of home-based businesses, most, either in businesses of the traditional variety, such as real estate agents, mortgage brokers, etc., or network […]
Foreclosure is a legal process that the lender undertakes when the borrower stops making loan repayments. The law allows lenders to get their money back, giving them the right to sell assets, which borrowers use as collateral. Instead of wallowing in losing your assets, you should look for ways to profit from foreclosures. Here are some tricks to help you […]
If you are looking for an investment in an REO property, take your time, do your homework, and you could save money and get a good property. The bank’s REO departments work with you and your agent, if you have one, to sell you a home in foreclosure. These are specials and you should know a little about construction or […]
Having practiced in the healthcare industry for over 28 years to date, I have a natural propensity / desire to help people. As a result of my recent learning of the following statistics, I hereby present my second Internet article. More than 2.2 million foreclosure applications were filed in the US in 2007. Fifteen of the metropolitan areas within the […]
There are pros and cons to buying REO properties. An advantage of buying an REO property is that most REO properties are below market value. The reason for this is that REO properties are properties that are owned by the bank. Since the bank is responsible for property taxes, they will be more than happy to sell it to you […]
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