Jim Banford's (bankownedleader) Blog

My Client wants this commercial building SOLD in 2011. Almost $2,200,000 is owed on this newer constructed restaurant. New List price is $799,000!  Town of Jupiter is now installing city water to this shopping center (Jupiter Farms Shopping Center) and the Bank is paying the fee. 70 +/- parking s...

Foreclosure Prevention Programs Often Do More Harm Than Good by Jim Banford, CEO, Real Estate Asset Disposition Corp www.foreclosurehotspot.com   West Palm Beach, FL -- Conventional wisdom holds that foreclosure is “bad”, an event to be avoided at almost all costs. It says that government should ...

$142500 / 3br - West Palm Beach Bank Foreclosed Home (1950 Presidential # 4 West Palm Beach) 3 Bedrooms, 3 Bathrooms 1 Partial Baths 1743 Square Ft Listing # R3196039 COMPETITIVELY PRICED 3 STORY TURN-KEY CONDO W/2 CAR GARAGE; 3 BEDROOM, 3.5 BATHS IN GUARDED COMMUNITY; NICELY FINISHED KITCHEN AND...

$925,000 17905 Jupiter Farms Rd, Jupiter Fl Bank Owned Restaurant built in 2007 for sale Rare opportunity to own almost new free standing restaurant in Publix anchored shopping center.Space is approx 5200 sqft with occupancy limit of 287. Approx. 70 parking spaces.Lot size is 1.74 acres and board...

Have you ever made a loan? Perhaps to a family member or a friend, or as an investment to small business or a colleague. When you made the loan, you likely had an understanding – an agreement – as to how the loan would be repaid. Now imagine that loan was not repaid . . . what would you do? Would...

Good News and Bad News for Foreclosing Lenders This week brought good news and bad news for bank clients of Real Estate Asset Disposition Corp, Florida's largest broker of Bank Owned Properties.    Actually, the news is mixed for any lender foreclosing on a defaulted mortgage in Florida. SB 1196...

Everyone agrees that the housing market has been a pretty sick patient for a long time now. But not all agree on a cure. Go to certain economic doctors and they will tell you that the cure for ailing home sales is job creation. Their prescription is that when enough people are employed again, the...

A January 2nd article in the "New York Times" by Peter S.Goodman got it right by essentially stating that the Federal Government's Making Home Affordable program has been largely ineffective and likely is causing more harm than good. The article, U.S. loan Effort is Seen as Adding Housing Woes, c...

Florida Bank Owned Property Sales - Fall 2009. Sales of Bank Owned constitute upwards of 50% of all sales and the volume is rising. Real Estate Asset Disposition Corp. is the leading seller of bank owned properties in Florida. As the Broker and Owner of the firm, I have seen tremendous growth in ...