bank owned property: U.S. House of Representatives passed the "Housing and Economic Recovery Act of 2008 - 07/25/08 03:06 PM
this was just passed to me by Bayeast:
I've highlighted in Bold the sections I find interesting. They are not asking that the conforming loan limit stay at a maximum of $729,750, instead they are making the maximum for most of California and other priced areas $625,500. This means any home priced … (1 comments)
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bank owned property: foreclosure timeline - 07/25/08 12:25 PM
How does a property become bank owned. It starts by failing to pay the mortgage, but then a number of things have to occur within certain time periods. Brad Andersohn put together a great synopsis of a foreclosure timeline.
… (0 comments)
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bank owned property: How to Negotiate a Purchase of Brandon Area Real Estate Foreclosures - 07/20/08 01:46 PM
The first thing you should know about buying a Brandon Area REO is that you have greater negotiating leverage if the property has been on the market for a while. When an REO first goes on the market, the bank may be unwilling to negotiate down on its asking price as it … (0 comments)
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bank owned property: Bank Owned Property - 07/18/08 09:28 AM
Have you ever felt the frustration of working with bank owned properties either as a buyer's agent or attempting to work on behalf of a seller facing foreclosure and in need of a short sale?
If so, I would like to hear your comments.
I've had some really negative experiences and … (4 comments)
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bank owned property: 3261 Ripplerock Lane, Stockton, CA 95206 - 07/17/08 06:36 AM
Not just another Weston Ranch home! This is a very nice 2-story Weston Ranch Home for Sale! This is a must see.
$181,900 Bank Owned Property. This one won't last!
Great place to call home! This is a 2-story open living room; with 4bd/3.5ba; 2-car garage, 2147 sq ft/lot: … (6 comments)
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bank owned property: Short Sale BPOs are not necessarily made equally! - 07/17/08 05:24 AM
Ever been in Short Sale negotiations and had the lender say that their BPO came in higher than what your comps/report on the property is showing? Ever had them question your current list price? Here are few tips to consider when you are preparing your Short Sale request package to submit … (4 comments)
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bank owned property: Are you behind on your mortgage payments? - 07/13/08 03:48 PM
First thing you should do is call your lender. There are
options that your lender may provide to you that can save you from foreclosure.
A lender could agree to a forbearance, which would temporarily suspend or reduce
payments or they could agree to a mortgage modification. A mortgage
modification is … (0 comments)
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bank owned property: California FORECLOSURE RELIEF BILL BECOMES LAW - 07/12/08 06:11 AM
California Association of Realtors just passed this out:
FORECLOSURE RELIEF BILL BECOMES LAWThis week, the State Legislature enacted foreclosure reform law to address the adverse effects of high foreclosure rates in California. The new law requires lenders to contact homeowners to explore options for avoiding foreclosure at least 30 days before … (2 comments)
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bank owned property: New REO Kilauea Listing - 07/11/08 02:41 AM
New Bank Owned Listing on Kauai's North Shore
4433 Kilauea Rd, Kilauea, HI 967543 bd / 2 ba 1,040 sq ft REO Listing on 10,196 sq ft lot in Kilauea.Click here for complete listing info.
For more information on Kauai foreclosures -www.kauai-foreclosures.com
To analyze the market value of this home, or any … (0 comments)
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bank owned property: News Wire: CalHFA's Community Home Loan Program - 07/09/08 06:16 PM
News Wire: CalHFA's Community Home Loan Programby Hassan NicholásThe State has just launched a new program to help those first-time home buyers interested in purchasing Real Estate Owned (REO) properties located in selected counties and zip codes in California. Under the Community Home Loan Program participating financial institutions will provide a … (0 comments)
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bank owned property: Selective Memory? or Did you really forget? - 07/07/08 04:50 AM
Don't you remember you said you understood "as is - where is" meant the bank is not going to do or pay for any repairs? Sure you remember don't you?
So if you remember this, why are you now coming back and asking for:
Pest inspection fees
Pest Repairs
Repairs from … (14 comments)
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bank owned property: 3261 Ripplerock Lane, Stockton, CA 95206 - 07/06/08 11:00 PM
Just Listed
Check out this price!
$198,900
Great place to call home! This is a 2-story open living room; with 4bd/3.5ba; 2-car garage, 2147 sq ft/lot: 6098. Large kitchen with tile countertop, island and pantry w/combo family room w/fireplace. Inside laundry room. In the Weston Ranch community - … (4 comments)
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bank owned property: Call this number: 800-569-4287 for help! - 07/06/08 12:51 PM
Finding yourself in a situation where you need help and you don't know where to start in getting that help? Here is a number 800-568-4287 or www.hud.gov that will be able to point you in the right direction. This is a HUD approved / non-profit organization that will point you to the counselors … (0 comments)
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bank owned property: 5 Foreclosure Laws You Should Be Familiar With - 07/01/08 02:00 PM
Know the rules of the foreclosure process in your state.
Foreclosure laws very from state to state so research your state's laws. A good place to start your research of your states foreclosure process is www.foreclosurelaw.org/. If you or someone you know is facing a foreclosure of their home, there are … (0 comments)
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bank owned property: Attention Investment Shoppers, It's Time to Buy Scottsdale Real Estate! - 06/29/08 12:06 AM
There are some downright stupid buys to be had in the current Real Market here in Scottsdale. In the past two days, I have looked at three different properties that were $100,000-$200,000 under market in my estimation. Given they were located in my primary market, my estimation is pretty darn accurate … (13 comments)
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bank owned property: Brandon Florida- PreForeclosure, Move In Ready - 06/24/08 10:19 PM
I have chosen this Pre-Foreclosure to showcase what types of homes are currently available in the South Brandon Area. This home can be seen by making an appointment with one of our agents. The Preferred Professionals Real Estate Associates also have access to all short sale, pre-foreclosure and bank owned properties in the Tampa bay Area as … (0 comments)
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bank owned property: What is an REO? - 06/22/08 12:03 AM
What is an REO? An REO's is Real Estate Owned, by a lender or bank. These properties are a result of a foreclosure. The property is put up for auction, and the bank buys it back to protect their investment.
Here in Kissimmee and Saint Cloud Florida there are currently over … (2 comments)
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bank owned property: two great buys- 1 in San Ramon the other in Pleasanton - 06/17/08 07:51 PM
both of these are great opportunites if you are looking for great schools associated home priced under $550K.Click Here to View Listings3105 KITTERY AVE, San Ramon $549,990 Just came back on the market
4/2.5 with 1635 of living sqft/7000 sqft lot
6873 HEATH CT, Pleasanton $558,000 Just had a price change
… (0 comments)
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bank owned property: 817 Eastbrook Ct, Danville just closed at $780,000 - 06/16/08 01:33 PM
I saw this property shorltly after it came on the market becuase it was priced at $779,900 for a 4 bedroom, 3 bath with 3281 of living sq ft and an 8800 sqft lot. The price per sqft asked was $238. The neighboring homes were selling for about $950k.
The faults … (0 comments)
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bank owned property: The REO Conspiracy: What Happens When the Banks Own Everything? - 06/11/08 06:49 PM
"Conspiracy" is a good word to use if you want to get some attention . . . did it get you to read this post? If what's going on with all the foreclosures, failed short sales and mismanaged REO's isn't a conspiracy, well then . . .
Well, I guess I … (6 comments)
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bank owned property: Big Bear Bank Owned Properties (REO's) Listed Over 25% Lower Than Last Sale. - 06/10/08 01:31 PM
Bank Owned Properties in Big Bear seem to be just in two different groups. Some seem to be priced to sell, and others aren't. A good way to judge the listing price of the property is to look at the last sales price and date.
If you can purchase the property … (0 comments)
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bank owned property: Loving what I do - 06/07/08 11:59 PM
When my first child was born, I so wanted to be able to stay home to raise him myself. It was reallllly difficult going back to work and having someone else take care of my child. When our second child was born, my husband and I decided that was it...it was … (3 comments)
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bank owned property: Bank owned list price - does it reflect the market value, the condition or what? - 06/07/08 11:56 PM
Working with REOs is interesting in that you work much harder on the these listings than some may realize. One of the first tasks you have is to do a BPO on the property. You research and give your honest opinion of the value of the property based on similiar comps in … (10 comments)
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bank owned property: 2248 William Moss Blvd, Stockton, CA 95206 - 06/07/08 01:36 PM
Take another look at this property!!! NEW PRICE: $149,000
↑ Grab this Headline Animator
… (0 comments)
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bank owned property: WWW.SANDIEGOREALTYUPDATE.COM ROY MASON REALTOR Home in NORTH PARK 3BDRM 2.5 BA 2 CAR GARAGE seller considering offers as low as $325.000 here in SAN DIEGO / NORMAL HEIGHTS SPANISH STYLE HOME - 06/05/08 03:15 PM
How often can you find a home for this price? CALL LIST AGENT ROY MASON FOR DETAILS! Dont forget to ask about special financing offer for home buyer!! ROY MASON 858-752-3523
… (0 comments)
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bank owned property: It's the Late Spring Market, The Right Time To Buy Real Estate ? - 06/05/08 10:58 AM
The Right Time to Buy
The professional knee jerk reaction is "Of course it is the right time to buy", "It always is". Then again, if that were case, how come there is so much much unsold inventory. OK, that is a bit cynical but the point is , the … (8 comments)
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bank owned property: So you submitted an offer for a bank owned property? ...... now you WAIT! - 06/05/08 10:20 AM
How long does it take the bank to get on an offer? There is no one answer to this question. The banks vary in their response time, depending on the institution, the time of the month (month's end taking longer), and the Asset Manager's file load. Often times the institutional seller … (12 comments)
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bank owned property: Get Your All-in-One BPO Package Today from nicolesdreams eBooks! - 06/04/08 11:48 AM
Untitled Document
… (2 comments)
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bank owned property: How I've Seen the Broker Price Opinion Industry Evolve by Nicole Ocean at www.nicoleocean.com - 06/03/08 02:20 PM
In the almost 2 years that I have been in a Broker Price Opinion Vendor (and BPO Trainer as well as author of a 'How-to,' Manual on the topic of Broker Price Opinions.), I have been fortunate to have personally seen numerous changes happen as well as gain insight and knowledge … (1 comments)
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bank owned property: THE RESIDENT CHEF'S DAVENPORT, FLORIDA BANK OWNED PROPERTIES - 06/03/08 12:11 AM
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bank owned property: Land Banking in Florida? - 06/02/08 02:52 PM
We have many different parcel sizes from a few acres up to 700 acres all BANK OWNED PROPERTIES!
Thess items are all real and PRODUCEABLE not pie in the sky like you hear from many people. We have done our due dilligence on them.
We are willing to pay a referral … (3 comments)
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bank owned property: San ramon deal - 05/27/08 04:23 PM
Every great deal I'm seeing is being sold within a week.
Last week I spotted a 3800+ sqt home in San Ramon's Windermere. They asked $950K and I see it's already pending. The house had amazing upgrades.
If you're looking, when you spot a deal, run with it.
p.s this … (0 comments)
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bank owned property: THE RESIDENT CHEF'S ST CLOUD, FLORIDA BANK OWNED PROPERTIES - 05/26/08 12:27 AM
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bank owned property: Be Not Afraid - 05/23/08 12:58 AM
Today I had some really disturbing news from one of my buyers. He had been in the neighborhood where we are scheduled to close on a property next Friday. The deal has been up and down, extended this long since an early March contract date for very legitimate reasons beyond the … (6 comments)
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bank owned property: REO Holds Short Sale Hostage - Feeling Foreclosure First Hand - 05/20/08 02:22 PM
We all hear about how the rash of foreclosures has put downward pressure on the value of homes, but it doesn't always hit me so directly. I'm not talking about my personal home situation, but my personal business. The following series of events in one condominium complex provides a perfect microcosmic … (0 comments)
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bank owned property: SAINT CLOUD, FLORIDA BANK OWNED PROPERTY - 05/19/08 11:16 PM
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bank owned property: Are Foreclosures Up on the West Bank of New Orleans? - 05/14/08 02:32 PM
A recent article in City Business magazine states that foreclosures in the Louisiana real estate market rose 70% from the 4th quarter of 2007 to the 1st quarter of 2008.
One in every 944 households in Louisiana received a foreclosure filing in the first three months of this year. That’s well … (6 comments)
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bank owned property: Bank Owned Property and Short Sales in Massachusetts - 05/13/08 03:03 PM
They are becoming the norm in my area of Southeastern Massachusetts.
I would say at least one out of every ten properties for sale are either bank owned or subject to a short sale approval. We have all been thrown into this new way of doing business whether we like it … (0 comments)
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bank owned property: Buying REO in Massachusetts Fee Switching Part-4 - 05/10/08 09:45 AM
This is part four of a series reragrding Buying REO "Real Estae Owned" Property, sometimes called "Bank Owned" property in Massachusetts.
FEE SWITCHING: In Massachusetts there are many customs regarding fees,inspections, adjustments and responsibilities regarding utilities. A Buyer of Bank Owned property needs to be aware that these local customs … (2 comments)
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bank owned property: Is the Real Estate Market Crash Really Over? - 05/09/08 10:04 AM
After reading the Wall Street Journal's "The Housing Crisis is Over" by Cyril Moulle-Berteaux, the whole real estate community is excited at the prospect of being over the worst of the crash. All the economic indicators point to a market that has bottomed out and is on track to be on … (1 comments)
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bank owned property: Good News Sonoma County, REO Inventories are on the Decline! - 05/05/08 06:42 PM
For the first time in this market, we are seeing a marked reduction in REO inventory. The number of properties available has dropped from 315 at the end of March to 273 as of May 5, 2008. In some areas, REO inventories are very low and buyers are finding that they are competing against multiple … (0 comments)
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bank owned property: Tips: How to Buy a Bank Owned REO Property - 05/05/08 01:53 PM
On weekends, I tend to hold open houses for REO properties, and I am surprised how many buyers are not working with an agent. They hope to find their home by searching through the newest REO open houses.
After they find the right house, then they choose their Realtor. This seems backward. … (2 comments)
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bank owned property: Home Sellers Face Your Biggest Fears and 2 Hidden Dangers - 05/01/08 05:26 PM
Fear that you will sell too at low a price and look like an idiot to friends and family
Seeing your house as everyone's dream home and forgetting it's only your dream home.
Danger #1 - The price of you property keeps dropping while you wait to sell
The current market situation - … (1 comments)
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bank owned property: Back up offers. In this market? - 04/29/08 01:27 PM
Originally posted on the Big Bear Real Estate Blog.
Accepted offer doesn't mean Sold House
In today's Real Estate Market nothing is certain. Opening an escrow is just the beginning of the fun. Escrows seem to be "falling out" almost as fast as they are opening up.
Will the property appraise? Is the … (1 comments)
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bank owned property: Big Bear Bank Owned Property. Be Realistic. - 04/28/08 12:27 PM
Originally Posted At http://www.bigbearilluminated.com/
Bank owned properties are all the rage for buyers these days. Every other client I deal with is after the deal of a lifetime and REO's seem like the solution. In many cases they are. The banks are pricing these properties to sell and a good buy is … (5 comments)
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bank owned property: Top Tri-Valley CA Realtor Gail Boal - REO Properties For Sale in the Tri-Valley - What exactly does this mean? - 04/24/08 11:17 AM
The bank now owns the property and the mortgage no longer exists. The property looks much like a developer having just completed building and now selling. i.e. The bank will set the new asking price. As a purchaser of an REO property, the buyer will receive a title insurance policy and … (0 comments)
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bank owned property: Milking the "cash cow" to last drop...No payback required - 04/24/08 10:13 AM
Showing homes over the last month or so, I have noticed a new phenomenon. Bank owned properties seem to be missing appliances. In our market, it is customary that there is a stove and a refrigerator in the home. If you are selling, these items, along with other appliances usually convey. … (11 comments)
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bank owned property: Bank Owned Property (BOP) DELIVERABLE! - 04/14/08 04:16 PM
Paul@DoynoRealty.com
… (0 comments)
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bank owned property: Foreclosure and Short Sale Tours in Olympia and Lacey Wa; About the Properties on the Tour - 04/14/08 12:28 AM
In a previous post I discuss Tours of Foreclosure Properties in the Olympia and Lacey Wa area. The following is general information about foreclosures in general and about properties on the tour.
Foreclosures:
People use the word foreclosure very loosely in this business. The real definition of a foreclosure is a property that has … (0 comments)
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bank owned property: Buyer's Guide to Purchasing Bank Owned Property - Inspections - 04/11/08 10:29 PM
DANGER NUMBER 1 - INSPECTIONS
One of the nice things about buying an owner occupied property is that the Seller usually provides a “Seller’s Disclosure” of the property. This “Seller’s Disclosure” is a checklist of all of the main components of the house and the Seller’s disclosure of the condition of … (2 comments)
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bank owned property: Buyer's Guide to Purchasing Bank Owned Property - Introduction - 04/11/08 10:24 PM
BUYING BANK OWNED PROPERTY - Introduction
Purchasing Bank Owned Property is riskier than purchasing an owner-occupied property. The normal due diligence process, requirements for seller's disclosures, general fairness in the contract, adjustments after the closing, division of fees, quality of title and certainty of the closing date are all very different. … (0 comments)
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bank owned property: Home Buyers Face Your Biggest Fear - 04/10/08 02:52 PM
Why are buyers all sitting on the fence waiting?
Fear of the Unknown -
Home Prices will totally crash after I buy -
As a smart buyer you know that prices are currently dropping. I understand how you feel, I had another buyer who felt the same way but they realized that if … (3 comments)
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bank owned property: Las Vegas Bank Owned Property $495000 3350 sq ft Listing By Las Vegas Real Estate Agent - 04/07/08 08:24 PM
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bank owned property: What a great time to get a Dream Home at a Bargain Price - 04/04/08 06:54 PM
Imagine getting the home you wanted at a reduced price! That's what's happening in the Phoenix Metro area today. Not only are their bank owned homes, but short sales and even sellers being competitive in pricing. Smart buyers are seeing that this is the time to begin looking for the dream … (0 comments)
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bank owned property: Is It True, "The Times They Are A Changin'" - 04/04/08 06:09 AM
Bob Dylan wasn't wrong back in the sixties and once again the "times are a changin". Markets are in a turmoil and turmoil will create opportunity for the observant investor. Your business plan needs to be both dynamic and flexible for you to maintain a success in this business climate.
We have concentrated … (0 comments)
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bank owned property: Foreclosure Risks - Part IV: Financing Complications - 03/30/08 08:18 PM
Buying a bank owned property creates a multitude of financing risks—not because a buyer may have any particular problems with their credit or loan otherwise, but simply because the transaction is complicated and timing is difficult to control (read previous post on timing difficulties in buying a foreclosure here.) It’s critical … (0 comments)
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bank owned property: Most Affordable Home in Waterford Area! Recently Reduced to $140,500! - 03/26/08 11:06 AM
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bank owned property: Stop! Don't Drop That Price - Springfield Missouri Homes - 03/22/08 07:25 PM
During my years of real estate, I've never been a focused on pricing homes than I am today. But pricing is not always the answer to selling Springfield Missouri Homes.
All I see selling in todays market is Springfield Bank Owned Properties. Taking a look at owner occupied properties, in particular, one that I … (0 comments)
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bank owned property: Foreclosure Risks - Part II: Unpredictable Transaction Timing - 03/19/08 09:41 AM
I’m often asked about the risks involved with buying a foreclosure. This is the second post in a series of as-yet-undetermined size. (Have a question on the risks? Contact me.) The first post on REO Bank Addendums covered the all encompassing risk—the risk that the bank can basically do whatever they … (0 comments)
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bank owned property: Foreclosure Risks - Part I: Read Those Bank Addenda! - 03/16/08 07:31 PM
I get a lot of questions on foreclosures. How could I not? Some neighborhoods are flooded with them (though some are not...see the graph in my post on Beyond Auctions.) Buyers want to know if they’re a good deal, what the risks are, and how they can get in on one. … (1 comments)
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bank owned property: Riverview, Florida Short Sale Home- Now Available - 03/12/08 08:08 PM
I have chosen this very nice 3/2 home to showcase what is short sale and bank owned properties are currently available in the Riverview, Florida area. The home can be seen by making an appointment with one of our agents. Not exactly what you are looking for? Search the MLS with no obligation … (1 comments)
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bank owned property: Buying a New Hampshire Bank Owned Home - 03/11/08 07:40 PM
On Friday March 7th Monika and I closed on this bank owned property in East Hampstead, New Hampshire. It had been on the market for just a few hours when our buyers called us and said they they wanted to see it.
Our website extracts listings from our MLS a … (19 comments)
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bank owned property: A Vacation for a Realtor - 03/11/08 01:08 AM
All work and no play makes Jack a dull boy.
Have you been slaving at the office and need a vacaton? I just returned from a 14 day cruise in the Caribbean and would be happy to let anyone who has a desire to visit any of the same islands a … (9 comments)
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bank owned property: Looking for buyers? - 03/09/08 01:53 AM
I am committed to growing my business and am looking for successful, motivated, strategic referral sources.
Call or email me if you are interested in working with more buyers. This business plan is not for everyone. Please call if you are driven and serious about growing your business.
I look forward to talking with you.
Sincerely,
Staci … (3 comments)
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bank owned property: REO: Finding the Great White Whale - 03/08/08 09:56 PM
Finding the Great White Whale is important to me. I have spent some time now working with buyers and sellers in the REO bank owned properties arena. The Great White Whale is the infamous twenty billion dollar tape. Finding a legitimate product under 1 billion dollars is not hard. There … (3 comments)
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bank owned property: Orange County - Bank Owned/Reo/Foreclosures - 03/07/08 04:25 AM
Orange County - Bank Owned/Reo/Foreclosures. Serious Buyers only ! ! !
For mor details, contact:
Mike Capobianco Direct (714) 420-9832 http://capoproperties.com
… (0 comments)
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bank owned property: Bank Owned Property - 03/03/08 09:04 AM
Are Bank's Willing to Deal?
It happened again! I received a call from one of my First Time Home Buyers that get daily alerts for homes that come on the market matching their profile. Obviously the low listing price caught their attention prompting the call. It was a bank owned property that … (0 comments)
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bank owned property: Fannie Mae & Freddie Mac Changes on the Horizon - 02/29/08 12:25 AM
If you have been paying attention to the recent news surrounding the economic stimulus package, you know that conforming loan limits are set to rise. Old limits of $417,000 are being changed on a county by county basis, based on the median home prices for that particular county. That is good … (0 comments)
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bank owned property: Before You Buy A Short Sale - 02/21/08 01:30 PM
A Brief Summary about Short Sales
Buyers pursue short sales to get a good deal. So when you see a price listed for a home that you think is too low for the neighborhood, before you jump on that price like hot fudge on a sundae, ask your agent to call the … (0 comments)
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bank owned property: Carefree Arizona Foreclosed Bank Owned Property - 02/18/08 05:11 PM
Bank Owned Foreclosed Property Carefree AZ Luxury Home. This property is discounted for a quick sale. Located in Canyon Creek Estates this home is part of a 23 home development of luxury homes. With the finest in appliances and a park like back yard with great views, this will make someone a … (0 comments)
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bank owned property: Looking for Luxury Pre Foreclosure Homes? Come to Central Florida Luxury Estates.com - 02/12/08 10:17 AM
Are you looking for a luxury estate in the Lake Mary area? Are you looking for that amazing deal?
Look no further all of these properties are either in foreclosure or are bank owned.
These banks dont want to own these properties so here is your chance for a luxury home … (2 comments)
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bank owned property: Don't Pass Up The Home Inspection - 02/06/08 10:14 PM
Especially if you're purchasing a bank owned property!
I had an interesting conversation with my friendly home inspector today. I told him that I recently went into a bank owned property in Manassas Park, VA and saw some serious mold in the upstairs bedrooms. I thought maybe somehow a roof leak caused … (2 comments)
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bank owned property: 225 condos under $200,000 , 256 Single Family homes under $300,000 in Palm Springs - 02/05/08 07:08 PM
Now is the window of opportunity for first time buyers, investors and 2nd home buyers to pick up some deals.
Per today's search, there are 225 condos for sale under $200,000 in the Palm Springs/Cathedral City area; there are 256 Single Family homes under $300,000 available.
Interest rates are low and there are … (4 comments)
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bank owned property: Bank Owned Opportunity - 02/01/08 01:56 PM
A great Opportunity.
This is an interesting listing that just came on the market. A bank owned property in West Tisbury for $542,000. This home is located in Vineyard Meadow Farms close to Long Point Beach, there is usually room for negotiation with these bank owned properties. This one is already … (0 comments)
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bank owned property: Big Bear Bank Owned Real Estate Blog - 01/21/08 05:26 PM
Boy, is it cold up here. There are some very ominous looking clouds starting to peek their heads over the mountains. It definitely looks like we are in for another winter storm. We have already had two substantial storms this year, and hopefully this will be another one. A good storm … (5 comments)
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bank owned property: Are Bank Owned Properties a Better Buy Than A Foreclosure? - 01/17/08 02:39 AM
I was looking at an REO with a client this evening. An REO is a bank owned property.It is the result of a foreclosure that the bank bought back at the sheriff's auction. Here in Kissimmee, Florida the amount of REO's are climbing.
So the buyer I was working with asked, which … (16 comments)
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bank owned property: How many of you do Broker Price Opinon's full-time, like me? - 01/15/08 02:10 AM
I am just sitting here at my computer and thinking about how I am different than most agents and brokers in my local area. I can't help but feel very good about this and think about how thankful I am to be able to weather any market because of being able to keep busy … (12 comments)
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bank owned property: Bank Owned and Foreclosed Properties for Sale: New Orleans, LA West Bank - 01/14/08 02:38 PM
Bank owned properties are currently available in Algiers, Gretna, Belle Chasse, Harvey, Marrero, Westwego and Avondale, LA. These foreclosed properties can be a good value when purchasing a home and will sometimes provide instant equity at closing depending on the purchase price. Foreclosed and bank owned homes in excellent and very good … (3 comments)
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bank owned property: Buy a Foreclosure/Bank Owned Property in Haymarket, Virginia - 01/10/08 07:38 PM
The inventory of Foreclosure or Bank Owned Properties has increased over the past year and a half. Purchasing one of these homes may provide buyers with an opportunity to get into a home under market value. Although, they may seem like a "good deal" often times these homes may need repair … (2 comments)
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bank owned property: New Orleans, LA West Bank: Bank Owned Properties and Foreclosures For Sale - 01/06/08 07:37 PM
Bank owned properties in Algiers, Gretna, Belle Chasse, Harvey, Marrero, Westwego and Avondale, LA can be a good value when purchasing a home and will sometimes providing equity at closing depending on the purchase price. Foreclosed and bank owned homes in excellent and very good condition are usually ready to move … (4 comments)
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bank owned property: GORGEOUS BANK OWNED HOME FOR SALE - 12/19/07 02:22 PM
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bank owned property: BANK OWNED PROPERTY IN FOLSOM 12/17/2007 - 12/17/07 03:46 PM
FOR MORE INFO OR TO SEARCH THE ENTIRE MLS FOR FOLSOM: HTTP://WWW.BUYSELLHOMESFOLSOM.COM
… (0 comments)
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bank owned property: FANTASTIC PRICE FOR THIS TOWNHOME IN MANASSAS - 12/15/07 09:32 PM
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bank owned property: Countrywide is still swinging! - 12/12/07 01:42 PM
I had the chance to listen to Brian Hale this week. As CEO of Countrywides' retail lending division, he was full of interesting insights as to the direction the real estate train is going.Here are a few of the points I took away -
- Predicting cumulative 150 basis point reduction … (2 comments)
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bank owned property: How to buy foreclosed houses without losing your shirt - 12/06/07 03:33 PM
I get dozens of requests every week from people wanting to buy foreclosed property. Many have seen magazine articles or late night cable shows about making millions in foreclosed properties, and have only a vague understanding of how the process works. Here then, are a few basic ideas about the smart, safe way … (1 comments)
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bank owned property: When Expectations Have Nothing To Do With Reality! - 11/26/07 09:08 AM
Remember my writing about a client of ours that did not get any of the homes he was interested in because he waited and waited??? Well, Bill was talking to him about one of the homes - the one he was most interested in - and the client asked what it … (8 comments)
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bank owned property: Realty Trac said.... - 11/20/07 04:29 PM
I think I might get into the business of selling opinions. I should make a big, sweeping statement about something, proclaiming it loud enough that no one would dare disagree. Then, I will post it, and charge for people to read it. Or, maybe I'll just keep looking at Surfline while … (2 comments)
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bank owned property: Real Estate Investment Property Available - Wisconsin - 11/18/07 06:55 PM
www.investnwi.com
Upcoming Sheriff Sale Properties Wisconsin 20+ counties Current, detailed information including pictures!
Email me for Short Sale Opportunities and Available Bank Owned Properties
bonnie.steinmetz@gmail.com
Invest, Buy or Sell with Bonnie!
Foreclosure/Short Sale Specialist
… (0 comments)
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bank owned property: We are ready to buy … how to we get a good deal? - 11/07/07 11:03 AM
You have asked the question that is stopping many from acting ... congratulations and thank you for doing so. Good real estate deals are available, but it takes work and knowledge to find them or to satisfactorily negotiate one. That might seem contradictory to what is the popular opinion of the … (1 comments)
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bank owned property: Florida Mortgage | Short Sales do not always mean that the Realtor does not get paid! - 11/04/07 11:30 AM
After reading a lot about short sales and those people that love or loathe them, one theme keeps coming up that makes me understand new topics for Continuing Education that would be exceedingly timely right now.
So many Realtors show their clients short sale or bank owned properties just to see … (8 comments)
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bank owned property: REO Managers Using Auction Method - 10/23/07 02:01 PM
Many new listings for our company are coming from REO and institutional real estate holders. There is enough business out there for all of us; therefore, if you don't know an REO manager now is the time to network and get to know one. A problem we all still face, however, … (0 comments)
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bank owned property: Renovation Loan - 10/15/07 06:47 AM
The Loan Process - Step by Step
A primary component in the renovation process is the property. For
homebuyers planning to buy a new property, renovation financing can actually
expand their opportunities. Buyers may find that they are able to choose a
house they never considered because they can now allow for the … (4 comments)
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bank owned property: Buying Bank Owned Properties (REO) - 09/28/07 10:54 AM
So you'd like to buy a bank owned property?
You've watched the late-night infomercials and you're ready to do the bank "a favor" and take a problem off their hands. Plus, you expect to make "a killing" in the process. Sounds great and it might just happen, but first you should take … (2 comments)
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bank owned property: Available 3 Bedroom Ranch in Beautiful Stone Mountain only $112,575 - 09/15/07 03:21 PM
Don't strain your budget, aaffordable living awaits at this 3-bedroom/2-bath low-maintenance home in Hidden Hills. This foreclosed home offers great features including a casual great room with carpeting, stone fireplace for chilly mornings. This property is sold AS-IS, perfect for the investor or first time home buyer willing to put in … (1 comments)
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bank owned property: 2180 Baker Road, Atlanta GA 30318 - 08/31/07 03:52 PM
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bank owned property: Do you have REO Listings in South Florida? I have buyers with Cash and Great Credit! - 07/10/07 11:48 AM
I am looking for Realtors who list Bank Owned property. As my title states, I have buyers with Cash and Great Credit. I have been doing my own research to find them deals, but I would truly like a few Realtors to help bring those deals to me. I do have … (0 comments)
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bank owned property: Foreclosures in Olathe - 04/30/07 09:41 AM
I can't tell you how many clients call me asking about forclosure properties in Olathe, KS and the Kansas City area! I love helping people out, but there are some important things I like to point out to my fellow foreclosure fiends:
1. Not all foreclosures in Olathe or in Kansas City … (3 comments)
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bank owned property: Bank Owned Property, Purchase & Sale Agreement, Impossible Deadlines and more... - 04/26/07 10:57 AM
Just who do they think they are?
It so happens that we have a buyer who has placed an offer on a bank owned property... The offer was accepted, and we drafted a standard Purchase and Sale Agreement, the same as used in all Rhode Island purchases. So far so good, and … (12 comments)
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