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foreclosure: REO tip for fleas - 06/25/07 06:20 PM
Here's a quick tip for when you go into an REO and you notice you have fleas. First, try to alway wear white socks when going inside. They can't resist and will hop on your socks, making it easier for you to notice they are there. Secondly, try to turn your car on without getting inside if that is possible. Once the car is running, step behind your muffler. The exhaust fumes will make the fleas jump off you within a few seconds.
Fleas used to be my major worry when going into a house because if you get them in your … (20 comments)
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foreclosure: REO monthly updates...ugghhh - 06/25/07 04:47 PM
Anyone who has listed an REO knows that monthly updates are a necessary evil you must do to inform the seller of market conditions. This is all well and good when you have a few listings. However, when you have 17 Active REO listings and about 15 in the pipeline just waiting for a list price....monthly reports become a waste of time in my opinion. I mean, do the bank sellers want us out trying to sell their home or do they want us in front of a computer 12-14 hours every day?!
If there is ever just ONE industry standard … (6 comments)
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foreclosure: Foreclosure FAQ's - Part 1 - 12/11/06 07:26 PM
People always come to me with their questions about the foreclosure process in Central Florida. Below are most of the questions first time investor buyers ask me regarding bank owned homes. Feel free to contact me if there is a question I haven't answered below at 321.948.9486 or http://www.cflagent.com/ .
What is a foreclosed home?
If a homeowner with a mortgage on their property fails to make payments on that loan, then the lender will file a law suite to take back the property for non-payment of the loan. This action is called foreclosure.
How long does this process take?
Generally, the homeowner's bank, mortgage company … (1 comments)
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foreclosure: Beware and Be Aware of "We Buy Houses" - 12/11/06 07:21 PM
You probably have seen their billboards, we pay cash for houses!. Some even have websites. If they offer to give you nominal amount of money to take over your payments and all you have to do is sign a quit-claim deed, then you are not being released from your obligation to your mortgage company. Your mortgage company will continue to call you seeking repayment of your debt. The mortgage company will continue to foreclose on the property
Not all of these "We pay cash for houses" buyers are scam artists. But many are. Some really will pay cash for your house. But … (11 comments)
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