foreclosure: Real Estate Investment Options - 12/05/12 10:18 PM
There are all kinds of avenues available to those that are considering real estate as a likely method of investing in the future. And why on earth shouldn’t you? This is one way that millionaires around the world will agree to build a massive fortune quickly. At the same time, real estate can be a very risky venture for business so you need to have a few more stable methods of bringing in money in order to have a truly diverse portfolio and a better security system for your financial future. Even within the world of real estate investment you will … (0 comments)

foreclosure: Reasons To Consider a Short Sale Versus Letting Your House Go Into Foreclosure - 11/08/11 12:18 AM
Because my business model is geared at helping people out of unfortunate situations they may be in during today's real estate craziness.  The question I'm asked most is Should I let my home go into foreclosure or 'try' a short sale.  My FIRM answer is to complete a short sale.  And here are a few reasons why: Reasons To Consider a Short Sale Versus Letting Your House Go Into Foreclosure
 
-          Short sale sellers are widely seen as less risky than foreclose sellers.  Fannie Mae recently adjusted their guidelines to dictate only a two year waiting period for a short sale … (0 comments)

foreclosure: When It's Too Late to Try a Short Sale - 08/23/10 11:24 AM
Success!
 
Last week we got an offer on one of the really “rough” properties that we have been marketing for months. This property needed $20,000-40,000 according to the estimates we got. The property had tons of showing but no offers because it needed too much work for most buyers. However, we found an investor willing to do the work and saw the “Diamond in the rough” that most buyers could not see. Don’t forget about investors as buyers when you can get a deep enough discount to make it worth their while.

Your Tip:
 
Last week we covered … (0 comments)

foreclosure: Stages of Foreclosures in Michigan - 08/16/10 11:35 AM
Success! We have broken an impasse that we were having with one lender who believed a home was worth $50,000 more than we knew it was worth. This happens a lot when they have an inflated appraisal from a refinance. My team has specific techniques to prove to the lender the real market value of a home. Now we should be able to effectively market the home and get an offer. And we are assured that the lender will listen now that the true market value is determined. This is a true success for this family that was trapped in the … (0 comments)

foreclosure: To HAFA or Not to HAFA? - 06/20/10 11:24 AM
I attended a Continuing Education Course on Short Sales this past week put on by Joel Zieve.  Joel is a full time short sale negotiator in Michigan.  During the class he put out phenomenal information that banks and other institutions could never teach you due to they are in the business of protecting their banks assets and not looking out for the best interest of the seller in distress or for that matter the Realtor who is trying to help them out.
 
One subject that was brought up was HAFA (Home Affordable Foreclosure Alternatives).  I will be very brief on … (2 comments)

foreclosure: Seeing the Opportunity – 2 Reasons to Invest in Real Estate in Michigan - 01/13/10 02:31 AM
I love to network.  At least two nights a week I’m at an Real Estate Investors Association meeting for different counties in the Detroit area.  It is great to be around like minded people and you can just feel the energy in the air.
 
Counter to this when I might be out meeting with friends and family the conversation always  comes up. What do you do? I tell them I’m in the real estate business. Quite often I get the ‘I’m sorry’ or ‘wow I bet your taking a hit’.  While they are well meaning, all I can do is … (1 comments)