 Articles tagged: Real Estate Owned
<< previous page 1 next page>> written by alexander siniavin
There three basic types of investors that flip properties: birddogs, wholesalers and rehabbers. written by Dave Dinkel
Banks are often accused of mistreating homeowners in foreclosure. This article explains exactly why this happens so you are better prepared for handling it. written by Dale Rogers
The whole key for Bob, or any other contrarian, is to make lots of offers based on a valued analysis. If you don’t get the deal let someone else take the hit. There is desperation in the market place and it IS a BUYER’S MARKET. The professionals tune out the bad financial news and move out of the living room and put some serious cash to work. A year ago sellers would laugh bottom feeder buyers out of town. No one is laughing now. The continued muse of desperate sellers is “where have all the buyers gone?” They’re right here babies! The Contrarians are on the beachhead and moving in. The maddening crowd is on the sidelines wondering if it might be time to put their toe in the water. When the temperature of the water is just right, it will be too late. The deals are here and now. With all things being equal, value based investments have worked every time they are tried. written by Bob Smith
Foreclosure real estate properties are often sold based on amount of the owed debt. Depending on the state, most foreclosure real estate properties are auctioned in a foreclosure sale. In foreclosure auctions, the highest bidder wins. When the foreclosure real estate property did not interest any buyer, the creditor usually receives the title to the foreclosure property. These foreclosure real estate properties are now termed as “real estate owned”. written by Dale Rogers
“Knock, knock, who’s there?” The door opens and no one is there. Bumps in the night are confused with buyers wanting to get in to see a home for sale. Where has all the buyer’s gone? With foreclosure rates up approximately 42% over 2005 the housing inventories on the market are bloated. Many Real Estate Boards across the America running out of lock boxes to put on homes due to slow sales. written by Dale Rogers
The public, when it comes to investment opportunities, is usually late and guilty of betting on the wrong pony. It’s just the way it is always been throughout the history of our republic. Depending on the geographic location, there are many bountiful opportunities to locate, buy at a deep discount, fix, keep or sell and make money. A short time ago as the real estate market was topping out and multiple buyers were backed up to buy one property suddenly that same property has little attraction. Sellers were left scratching their head and wondering “What happened?” During this period little or no buyer’s closing cost were paid by the buyer, no seller held second mortgages would be considered and the idea of the seller fixing any deficiencies in the property was discarded out of hand. Such are the perils in a “Seller’s Market”. The purchase contracts were written “AS-IS, WHERE-AS” because that was what the sellers were demanding and could get it.
Investors would dream of getting a great deal but had little opportunity to buy. Now with the ether wearing off, it is very possible to find those deals with lots of seller help. The fog is lifting and the vision for opportunities is clearing up. With all the positive news going on, the foreclosure market is ticking up. Many of the loans utilizing creative financing with built in rate increases such as in an Option ARM or a 2/28 ARM where now the rates are spiraling up have precipitated defaults. The financing was never structured for the long term. The flippers who bought high and tried to push the envelope are left holding the bag. Opportunity begs.
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