foreclosed properties reo purchases: Every Golf Shot Pleases Sombody--The revived "foreclosure-flip" industry may offer you ,the Realtor, many marketing opportunities.
- 04/29/10 10:08 PM
To turn a well-known phrase slightly on its end, "no bad deed goes unnoticed" The bad deeds these days are "foreclosure flips",and they are working out quite well for the patient and careful real estate entrepreneur. In a word, there are people who are purchasing properties at foreclosure, marketing the properties extremely hard during the thirty or forty-five day hiatus between foreclosure sale and foreclosure closing, and selling the property to third parties, sometimes before the time that the property is owned by them. The fuel to engage in this type of practice is known as "hard money". There are Lenders … (0 comments)
foreclosed properties reo purchases: Buying a Property in Massachusetts that has a foreclosure in the Chain of Title--Make sure your Buyer gets a Policy of Owner's Title Insurance
- 11/13/09 11:17 PM
Massachusetts foreclosures have experienced a "turn-around" since the seminal Land Court decision in the IBANEZ case. Among other things, that case held that if the entity foreclosing had not received all appropriate assignments of the mortgage prior to commencing the foreclosure, the foreclosure was ineffective, and must be started again. The hitherto acceptable process of obtaining the appropriate assignment(s), post petition, would no longer be permissible. The immediate effect of this decision was to require all foreclosures to "stop in their tracks" and start the process again after all the correct assigments were in hand. That slowed foreclosures and REO sales … (8 comments)
Realtor's Resource Blog is dedicated to furnishing current strategy and information to the Massachusetts real estate community of professionals and to out of state realtors and REO and relocation companies who need excellent representation in Massachusetts. My law firm, Topkins & Bevans, can cover the entire state of Massachusetts. I hope to use my 40 years of hands-on real estate experience to assist you and your Massachusetts Buyers and Sellers.
To turn a well-known phrase slightly on its end, "no bad deed goes unnoticed" The bad deeds these days are "foreclosure flips",and they are working out quite well for the patient and careful real estate entrepreneur.
;)
;)
;)
