foreclosures: "Wheel" Estate Cam: Bank Property Bidding Wars - 08/13/08 11:00 PM
Hope you like my first official Wheel Estate Cam!
And do me a favor, link over to Youtube and leave a comment there too.
Did you get sick?
Should I use www.WheelEstateCam.com?? (should work today or tomorrow) I did buy it just in case!
Frank
Update, here is another Wheel Estate … (17 comments)
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foreclosures: Buying a Bank Property? Hurry Up & WAAAAIIIIITTTTT. - 07/29/08 06:22 PM
I just got a bank owned / REO property under contract. Was previously $800k, and it was now listed for $400k.
We had to bid on 6 properties before finally "winning" one (ask how we "won" without having the highest offer too!). Wow was that a pain. And people … (11 comments)
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foreclosures: Virginia Deficiency Judgement (Judgment) at Foreclosure? Current Trends & PMI - 05/12/08 10:54 AM
Update 7-9-08: This post is pretty worthless compared to the COMMENTS. They are a ton more insightful.
Something smells fishy.
Virginia Realtors: What are you all seeing in regards to Bank Deficiency Judgments/ Judgements* in Virginia?
Disclosure: I am not a lawyer, this is a discussion and my understanding. This information … (76 comments)
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foreclosures: Virginia Short Sales are FAKE. Only 5% Close. - 02/20/08 02:38 AM
Most Short Sales are what I call "FAKE listings." Only 1 in 20 sells. In Arlington only 3 have sold out of 65 attempts. I briefly went over Short Sales when I defined all SOL Homes including REOs, Bank Owned Etc. But Short Sales need more attention, as they are very … (41 comments)
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foreclosures: Roaches & Bullet Holes Or A Market Decline? - 02/15/08 04:12 PM
The first task in writing this post was to look up whether "bullet holes" was 1 word or 2. Turns out it's 2 words. Learn something every day right? Or is it everyday?
Anyhow, I went to a bank owned property in Falls Church today.It was disgusting. It was infested … (8 comments)
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foreclosures: Buying a Bank Owned REO Home? Beware of the Bank Addendum and hidden fees. - 02/07/08 06:16 PM
I have wanted to post this post for a few weeks now. I want community participation on this one. I need examples and things to watch out for in Bank Addendums.
So you are buying a bank owned property, and REO or a Short Sale? You need to understand the bank addendums … (53 comments)
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foreclosures: Freeze Interest Rates? From Bankruptcy to Profit? - 12/07/07 04:11 PM
On the heels of our discussion about legislation to remove the Phantom Tax associated with short sales, (see my quote in the Washington post on Short Sale) there is also legislation out there to freeze Adjustable Rate Mortgages for homeowners.
I have the following questions, maybe you know the answers:
1) Will it … (11 comments)
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foreclosures: Pitfalls of Mortgage Cancellation Tax Relief Act, H.R. 3648 - 12/05/07 11:50 AM
Update blog post over at My Quote in Washington Post Elaborated:
Do you all know about the Mortgage Cancellation Tax Relief Act, H.R. 3648? You can see NAR's approval of such a bill here.
This bill was enacted to help homeowners that sell their homes via a Short Sale from getting … (19 comments)
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foreclosures: DATA. What Is It Good for? Washington Post "Trends" Herndon up 14%!? or down 26.2% - 11/25/07 12:23 PM
I was reading the Washington Post on Sat November 24 and I came across their "Real Estate Trends" report for Fairfax County. They compared the first 6 months of 2006 to the first 6 months of 2007. They excluded condos and they used data gathered through the courthouse, and not via … (5 comments)
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foreclosures: Buyers! Photoless Listings= $15,000 "Sale" - 11/21/07 12:39 AM
Punchline: Buy homes with No Additional photos= Save $15,000 on a $400,000 house.
Buyers LOVE seeing tons of photos for each listing online. I think Realtor.com said that listings with multiple photos get seen 6 times more than listings with 1 photo. The tendency for buyers is to see a photoless house … (31 comments)
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foreclosures: Video: Arlington REO, Realtor Buys her Bank Owned Home - 11/20/07 09:01 PM
Buy like a Realtor!This post is a link to a 6 minute video showing the process involved in buying a Bank Owned Property in Arlington Virginia, by a Realtor. Megan Buckley, a Realtor with FranklyRealty.com, recently bought her REO home in South Arlington. It was bank owned. Foreclosures aren't as frequent … (16 comments)
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foreclosures: Foreclosures in Virginia! The FEVER is back! But is it real? - 11/10/07 03:08 PM
The FEVER was lost for two years, but it's BACK!My Virginia Real Estate blog showcases the trends before you ever knew they existed. This is a new trend, and it is on fuego. Problem is, is it real?The message is slightly different, but the bottom line is still there: Buy Foreclosures, … (11 comments)
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foreclosures: Inflated Appraisals: 1st Major Suit - 11/03/07 12:34 PM
When two of my blog readers send me WSJ articles on the same day, you know something big is up.
Appraisals 101: An appraisal is a report that is supposed to be a 3rd party impartial review of a property (usually under contract) to make sure the price is in line … (10 comments)
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foreclosures: "SOL" Homes defined: MLS Foreclosures, REO, Short Sales, Pre-Foreclosures Defined & Email Alerts - 09/11/07 01:27 AM
Newspapers are filled with talk of the flood of foreclosures, but none that I have seen have taken a step back and defined all the different industry words for my new industry word: "SOL" (S* Out of Luck) Homes (tm), and how to buy them. 2-3% of MLS listed homes are … (25 comments)
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foreclosures: 48% of MLS homes are SOL (Foreclosure etc) in Herndon ($300k-400k) - 09/10/07 10:45 PM
I just completed an article on defining SOL homes on the MLS, (S* Out of Luck) homes with the keywords: REO, foreclosure, bank, pre-foreclosure, short sale, auction, third party, 3rd party**. (see "SOL" Homes defined)
I knew Arlington Virginia Homes had a few and some would go fast with aggressive pricing (To … (6 comments)
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