foreclosures: Foreclosure Judicial v. Non-judicial - 05/28/12 05:36 PM
I got this question the other day.
"Hey, can you answer this question for me? How are judicial foreclosures slowing the recovery down?” Here is the deal. The housing market has continued to show slow signs that it is strengthening for some states. It all depends on whether or not the state is a non-judicial foreclosure state or a judicial foreclosure state. Let’s briefly go over what the difference between a judicial and a non-judicial state. A judicial foreclosure state is one in which the lender has to go through the court system to pursue a foreclosure. In a non-judicial foreclosure, … (0 comments)

foreclosures: Court House Auctions - 05/03/11 11:01 AM
Buying Houses at County Courthouse AuctionsPeople are searching for a bargain these days and one area of focus is real estate auctions or trustee's sales. It is true that you can get a good deal at the county courthouse steps, but you have to be careful and know what to look for. Things to Consider        Don't get caught up in a bidding war. It's natural to want to outdo others that starting bidding on what you want. And once bidding begins, you can get this urge to win and you just keep bidding. Have you ever bid in an online auction for … (1 comments)

foreclosures: Why are Stock Investors Buying SFR's? - 03/14/11 11:13 PM
Why Stock Investors are Buying Single Family Rentals  There is a noted hedge fund manager with a reputation as a contrarian investor, who has never been one to follow the status quo. Recently he has taken on an entirely new level of criticism due to his decision to switch asset classes and begin investing in single family, residential rental real estate.  This manager was asked about his rationale, and he explained "The best investments we have made are the ones no one else would touch". Could he be wrong?  As it turns out, he has identified several strong reasons for his … (3 comments)

foreclosures: Making an Offer on REO Property - 02/25/11 08:28 PM
Making an Offer on that REO property
So you've decided that owning an REO Property is the best for you. Purchasing a foreclosed home can mean discounts, but doesn't mean less headaches than buying a regular home. Yes, lenders may be eager to dispose of such properties, and this only means they will find the quickest and easiest way to do this. So, if you want to make your offer accepted quickly, here are a few tips you can follow:
1) Make an all-inclusive offer - when you decide on a figure, make sure it includes all costs, such as closing … (0 comments)

foreclosures: Who buys Starter Homes? - 02/24/11 03:21 PM
Who buys Starter Homes?
Only a few short years ago starter homes were scorned by all but the most impoverished home buyer. Why purchase a property in need of improvements when it was possible to buy a sparkling new McMansion with no money down instead? Today all that has changed as investors and first-time buyers, retirees and former homeowners in search of more financial security all compete for affordable dwellings without the high carrying cost.
In fact, starter homes are among the most highly sought after types of real estate on the market today. A recent nationwide survey indicates some major … (0 comments)

foreclosures: What is a Deficiency Judgment-Texas Foreclosure? - 08/25/10 01:33 PM
What is a Deficiency Judgment?
A deficiency judgment is a judgment lien against a debtor, defendant or borrower whose Texas foreclosure sale did not produce sufficient funds to pay the mortgage in full. This option may or may not be available to the lender, depending on whether they have made a recourse or non recourse loan.
The fuller, statutory definition is: "the whole residue, or so much thereof as the court may determine to be just and equitable, of the debt remaining unsatisfied, after a sale of the mortgaged property and the application of the proceeds, pursuant to the directions contained … (2 comments)

foreclosures: Does this Make YOU Think?? - 05/07/10 09:35 PM
This Post by Chris MclLaughlin made me stop and think..
 Friday File - 15 Minute Real Estate Investor Resolution!
 Earlier this week we spent some time discussing the potential ramifications related to the passage of HR 2499...the Puerto Rico Democracy Act of 2010 as well as resources for securing foreclosure and REO data of the recent FDIC bank take-over's.
 Whether you agree or disagree with the proposal, the entire issue provides valuable food for thought when it comes to evaluating your marketing message.
 For example, did you know that...
- One of every seven people in the United States is of … (3 comments)

foreclosures: Loan Mod Program Starts - 04/18/09 05:41 PM
Loan modification program starts
The Treasury Department announced that the first six participants to sign up for
President Obama's loan modification program are JPMorgan Chase, which will get  
up to $3.6 billion in subsidy and incentive payments; Wells Fargo, $2.9 billion;
and Citigroup, $2 billion.  The others are GMAC Mortgage, $633 million; Saxon
Mortgage Services, $407 million; and Select Portfolio Servicing, $376 million. 
A statement issued by Wells Fargo said, "We view this modification program as
yet another incremental opportunity for thousands of homeowners to preserve and
maintain the dream of homeownership."  Left unsaid is the fact that now the
… (8 comments)

foreclosures: Getting a Loan Modification - 03/06/09 12:58 AM
Subject: Getting a Loan ModificationThousands of homeowners are turning to loan modification as a way to overcome mortgage difficulties brought on by the troubled housing market. It's a great option and if you think you may be in trouble, it's something you should strongly consider. Getting a loan modification, though, is no easy task.Use a loss mitigation company to negotiate on your behalf.While it is possible to negotiate directly with your lender, it is generally not recommended.There are many pitfalls that can cause your modification attempts to go awry. You'll want to apply for loss mitigation with a professional company that … (1 comments)

foreclosures: I've Fallen Behind on the Short Sale News - 01/14/09 12:25 AM
I'm sure most of you have seen this already, but for those who miseed it.
The news was a little grim about the jobs market, as continuing jobless claims rose more than expected.  The Department of Labor reported that those who are continuing to claim unemployment rose by 101,000 to 4.61 million, which was well above most analysts' expectation of 4.5 million.  It also marks the highest level of jobless claims since November 1982.
President elect Barack Obama warned today that a "bad situation could become dramatically worse" if Congress does not approve his upcoming stimulus package.  President elect Obama did … (4 comments)

foreclosures: Consumer Confidence Dropped But this is a New Year - 01/06/09 11:45 PM
Home prices posted an 18% drop for October of last year, the biggest drop ever since the Standard & Poor's/Case-Shiller 20 city housing index was created.  The 10-city index fared a bit worse, dropping 19.1%.  And three areas really got wacked: Phoenix dropped 33%, Las Vegas slid 32%, and San Francisco declined 31%. 
Consumer Confidence Index dropped 38 in December from a revised 44.7 in November.  The low number surprised economists: a survey of 62 number crunches estimated that the reading would come in around 45.  
But in good news for consumers, General Motors announced that it would once again offer … (0 comments)

foreclosures: Short Sales and FDIC Properties - 12/17/08 11:14 PM
How to Find FDIC Real Estate for Sale
While many short sale investors tend to focus on local bank owned properties, don't neglect FDIC asset auctions. Since fewer people are familiar with finding and buying FDIC owned assets, there tends to be less competition and thereby, lower prices. FDIC is often forced to assume the assets of individually failed banks; especially smaller entities which may not have been purchased or assumed by larger banking institutions.
To find out about FDIC owned properties call 888.372.FDIC (3342), (800) 568-9161 or visit http://www2.fdic.gov/drrore/index.asp to perform a property search. FDIC properties are sold "as-is" by … (4 comments)

 
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Charles Gardner-Realtor/Investor

Humble, TX

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ZIP Realty, Inc-Houston District

Address: 4582 Kingwood Dr, Ste 162E, Kingwood, TX, 77345-2640

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