Beware of Bank Owned Properties (Foreclosures/REOs)... A Risky Game. - 12/29/09 11:34 AM
As the inventory of REOs (aka Bank Owned or Foreclosures) increases, so do the perceived opportunities for new and seasoned investors. Experienced investors know the risks and cover their bases by doing their homework prior to placing a bid. If you are new to this game, play carefully or you may get burned. Here are some pitfalls of REOs:
- Inspect and assume the worse. The banks are selling as-is. They never occupied, never even visited, and have no disclosures to make to you. So make sure you thoroughly inspect the property and assume the worse when it comes to repair and replacement costs. Many … (2 comments)

The Realtor's Code of Ethics is protecting bad Realtors... - 12/17/09 10:03 AM
As a Realtor I feel my mission is to best serve the public with their real estate needs, whether it be selling or buying.
A major flaw in our Realtor code of ethics is the provision that prevents us from soliciting or contacting the owners of an actively listed property subject to an exclusive listing agreement with another Realtor. Here are the top major issues with this provision for Sellers:
- Listing agent is not showing up or making showings almost impossible. The sellers has no way of knowing that their agent is missing showings and hurting them financially. Every missed showing … (4 comments)

 
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Ben Giordano

Boca Raton, FL

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RE/MAX Sun & Sea

Cell Phone: (561) 929-9955

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