foreclosure: A New Spin - Foreclosures are Good for the Economy? Thank You NAR - 12/11/09 12:30 PM
The National Association or REALTORS® (NAR) today published in their daily email blast, called "The Daily Real Estate News" a short article with the headline "Defaults Could End UP Being a Boon".The sources of this information comes straight from The Wall Street Journal and Mark Whitehouse on 12/10/2009 which he called, The … (102 comments)
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foreclosure: The Most...and The Least Expensive Places to Live in the U.S.A. - 12/10/09 01:17 AM
I just came across an interesting article on CNNMoney that breaks down the top and bottom 5 places to live in this country, based on affordability.
Most Affordable
Indianapolis - INMedian home price: $105,000Median income: $68,100Affordability score: 94.5%
Youngstown, OHMedian home price: $72,000Median income: $54,300Affordability score: 93.9%
Detroit, MIMedian home price: … (8 comments)
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foreclosure: When is a Bank Owned Home Not a Bargain? - 11/30/09 09:47 PM
There is one common denominator between all real estate buyers today - whether they are shopping for investment property or first-time homebuyers...they all want a deal and the perception is that the bank owned, or REO, properties are going to be the smoking deals of the day. But not always...The truth … (7 comments)
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foreclosure: Citigroup Suggests Mortgage Debt Forgiveness - 11/30/09 12:20 AM
I was reading a blog in an investor portal where the author was suggesting that Citibank is considering a new approach to the current economic crises that has our housing market in a downward spiral.Apparently the chatter I that Citibank will consider reducing the principal owed on individual homes in an … (9 comments)
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foreclosure: SAN JACINTO, CA | REO/BANK OWNED | 12-MONTH MARKET REPORT | LIST vs. SOLD - 11/23/09 05:51 PM
The Housing crises is no stranger to San Jacinto, CA, located in the Inland Empire region of Southern California (Riverside County & San Bernardino County), one of the hardest hit in the entire country.The market has been dominated by the sale of bank owned real estate with 80% of all closed … (2 comments)
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foreclosure: What Flavor is Your Investor Kool-Aid? - 11/15/09 10:03 AM
I met with an investor client for the first time yesterday afternoon after spending a short time on the phone with him, after he found me through my Internet presence (can't be sure, but I think it was from here- ActiveRain).The REO property he had definitely wanted to see was a … (7 comments)
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foreclosure: How to Buy a Short Sale House - Hemet, CA - 10/12/09 12:32 AM
It is true that the Active Listings in the MLS are dominated by Short Sales listings these days and on the surface they appear to be some really great deals. However, just like your Highs School Prom Queen, looks can be deceiving (my apologies to all the H.S. Prom Queens who … (11 comments)
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foreclosure: Foreclosure Heat Map: June 2007 & October 2009 - 10/05/09 01:49 AM
RealtyTrac, an online leader in tracking the statistics of Foreclosed Homes across the country publishes a heat map to show what areas are the hardest hit around the nation.Back in June, 200y, early in my relationship with the banks as an REO Listing Agent, I published a blog post showing the … (6 comments)
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foreclosure: Is The FDIC Killing Short Sales? - 10/04/09 11:17 AM
Via Robert G Hertzog (Summit Home Consultants):
Is The FDIC Killing Short Sales?
As some of you already know, I blogged recently about being interviewed recently by our local NBC news affiliate. To read the blog, click here. Basically, IndyMac Bank (now OneWest Bank), is holding one of my clients hostage, … (10 comments)
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foreclosure: Hemet - San Jacinto CA Bank Owned Homes and FHA Loan Requirements - 09/16/09 07:12 PM
The Southern California community of the Hemet - San Jacinto Valley in the South West Riverside County section of the Inland Empire Region has been one of the hardest hit in the entire country for it's loss of owner occupied homes being seized by lenders and converted to bank owned, or … (2 comments)
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foreclosure: The Next Wave of Bad Loans - Option Arms - 08/30/09 04:56 PM
A friend of mine from San Diego confided in me that they are in serious trouble with their mortgage. My friend earns good money - and with his wife's income they are way above the medium level for San Diego County - which is high to start with. I'll call my … (116 comments)
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foreclosure: What Did Cheech and Chong Teach Us About the Current Housing Market? - 09/23/08 09:01 AM
What Did Cheech and Chong Teach Us About the Current Housing Market?Those of us old enough to remember the comedy duo of the 1970's, Cheech and Chong will no doubt remember the bit they did about dog droppings. As I ponder the routine, I can still here it in the echoes … (2 comments)
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foreclosure: Readers Want to Know...Cash for Keys and REO Property - 08/02/08 07:00 PM
I receive numerous emails on various topics that I have written with in the past. I try to answer as many as I can personally, but I thought if one person takes the time to write me with a question then I have other readers who have the same or similar … (9 comments)
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foreclosure: Cash For Keys…How I Have Such a Huge Close Rate - 03/16/08 02:10 PM
Cash For Keys…How I Have Such a Huge Close Rate In a previous article I discussed the theory and mechanics of a typical Cash For Keys program. In this article I am planning on sharing how I have tweaked my presentation to the point where I have obtained signatures and successful … (31 comments)
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foreclosure: I Don’t Get It? The Bank Forecloses on Their Home and then Pays Them to Move…or Why Cash For Keys - 03/15/08 01:59 PM
I Don’t Get It? The Bank Forecloses on Their Home and then Pays Them to Move…or Why Cash For Keys It should be more than obvious, by the time an REO property is assigned to a local Real Estate Agent, that the bank wants’ the property back so they can liquidate … (13 comments)
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foreclosure: Buying an REO Property – The Pluses and the Minuses - 01/21/08 01:36 PM
In today’s Hemet California Real Estate market and the surround area known as South West Riverside County in the region of Southern California known as the Inland Empire we are one of the hardest hit areas in the entire country when it comes to foreclosures and REO’s. Now is an excellent … (3 comments)
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foreclosure: The Foreclosure Timeline: California Style - 01/20/08 07:37 PM
California is a non-judicial state when it comes to the different types of foreclosure. Although in rare circumstances a lender can pursue a judicial foreclosure in California it is very rare As a non-judicial foreclosure state, the lender can foreclose on the property without involving the legal court system. In California, … (3 comments)
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foreclosure: Learning How to Invest In Foreclosure Real Estate - 01/12/08 12:57 PM
The market today is ripe for investors to "get in' the Hemet Real Estate market, as there are may foreclosure homes that can be obtained for a price that will generate an immediate positive cash flow.Many wanna-be investors are just unsure about how to go about making the move into the … (3 comments)
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foreclosure: Why Would a Hemet Homeowner Want to Do a Short Sale in 2008? - 01/10/08 05:57 AM
There is still much confusion in the market about Short Sales and the recent bill, H.R. 3648 the President signed into law, The Mortgage Forgiveness Debt Relief Act of 2007 on December 20, 2007.
This is the law that retroactivleyl back to January 1, 2007 eliminates an IRS tax liability for forgiven debt … (2 comments)
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foreclosure: As An Investor...Do You Really Want the Nicest Home in the Nicest Neighborhood? - 12/29/07 11:22 AM
The Hemet - San Jacinto Valley has recently been hit very hard with foreclosures and as a result there are some great REO properties available for the savvy investor to buy in Hemet CA.I have been blessed, because I have been able to attract multiple investors from outside our area to … (2 comments)
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