ARCHIVED BLOG POSTS
2009
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The view from my future "office". We had a company planning-strategy meeting today and this is on the list of things "to do"!! Yes, that is a swim-up bar on the left and the beautiful blue waters of the carribean in the background. Charles Fischer Director of Investor Relations THM Investmen...
04/18/2009
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As an active investor, I try to spend time with other active investors and property owners here in Brevard and throughout Central Florida. It is interesting to me the comments I hear regarding folk's success, or lack thereof in renting out properties. Certainly, we are seeing more rentals avail...
04/16/2009
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Well, today I spoke with the lender and they promised they would address the issue. I have a great relationship with these folks and appreciate their business relationship. They are going to send the request up the chain and we will see what happens Even with the issues that we are all facing, ...
04/15/2009
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Ok, so here is the latest appraisal issue, I need some feedback here. We have a house that we purchased about three months ago and fully renovated. Our buyer was excited about the property and offered full price: $75,000. The buyer went to a local big box lender and submitted a loan applicat...
04/14/2009
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As many of my fellow REO investors know, bank appointed title companies are creating an involuntary and very lucrative "profit center" for themselves. We have purchased several REO's recently and have been hit with "transaction fees" and "closing fees" and get this: "environmental fees" ; in s...
04/08/2009
I thought this was important enough to pass along to my friends! With the real estate market and general economy the way it is, more and more predators have come out from under the rocks. Last year I blogged extensively on the Florida Foreclosure Rescue law FS 501.1377 that went into effect 10/1...
04/07/2009
I guess it's a sign of the times, this market has been unusual and I have seen many things that I never expected. One such event is tenants grilling would-be landlords about their finances. Are you making your loan payments, are you going to declare bankruptcy? Questions like these are being h...
04/07/2009
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I have posted several articles recently regarding the change in our real estate market. Seems that the market's moving in several areas of the country. What goes up, must come down; and go back up again. Check out this article: http://digg.com/d1o6Dq This correction has created huge oppor...
04/06/2009
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In a previous blog, I mentioned my concern that appraisers are using foreclosures as comps for appraising retail sales. I just saw this article that addresses the negative affect of poorly concieved BPO's on our current market. http://www.floridarealtors.org/NewsAndEvents/n4-040209.cfm . Bad ...
04/02/2009