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Blog entries tagged with "foreclosed":
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"When a home goes into a foreclosure, owners still have a window of opportunity in which they can sell the home. By selling, rather than a foreclosure, the effects aren't so detrimental. That's one of the reasons the site www.investorsclassifieds.com began - to help frantic owners promote their property and … (1 comments)
Why not try to take advantage of Bank foreclosure properties that need to be sold ASAP. Let me send you a list of Foreclosure property in your area. Most of these are bank owned property. Properties include Foreclosures, Repos, Price change and some short sales in Vancouver WA "Washington". Search Vancouver distressed property, bank repossessions and Foreclosed homes. … (0 comments)
we have recently written several articles about my support for the Housing Rescue Package that passed with resounding support in the House of Representatives and escaped the threat of Veto from President Bush.
The Housing and Recovery Act of 2008 is really 3 separate, focused, legislative proposals.President Bush has signed this legislation, it is expected to become law in October 2008.Here are three components of the Housing and Economic Recovery Act of 2008:Federal Housing Finance Regulatory Reform ActHOPE for Homeowners ActForeclosure Prevention ActEach of these … (0 comments)
PREPPING FOR A FORECLOSED / VACANT HOME INSPECTION
I was browsing the CNN.com headlines today and read this article, that made another case for making vacant houses at least look lived-in.
Everywhere you turn these days it seems the topic of conversation always turns to Real Estate and the high number of foreclosed properties coming on the market and most people are concerned about the value of their home and the neighborhood they live in. Every time I list a Bank Owned … (17 comments)
If you are considering buying a foreclosure, there are some things to consider besides the price. Is the foreclosure in a flooded area? What about an area with heavy rainfall?
EXIT Realty Unlimited Kalamazoo Michigan seeks agent to sell REO properties in Michigan. No REO experience required, will train. Real Estate experience preferred. Must hold valid Michigan Real Estate Salesperson license. 70/30 split. Agent receives 70% commission. No transaction fees, no royalty fees and no floor time. Add additional revenue strings to your … (1 comments)
Lenders are foreclosing homes right and left, and the ownership of many of those pass to FHA or one of the other governmental secondary market lenders for them to dispose of. 
Hopefully you haven't seen a sign like this in neighborhoods where you have listings. Unfortunately I have. As a matter of fact a few of my listings have fallen victim to the wildly advancing copper prices and the criminals that are exploiting it. I used to blame it on those "types". You know … (2 comments)
The award winning Wade Network has moved his real estate business to Coldwell Banker Signature a family owened office in Fenton. He may be contacted at 810-845-6759 or wade.pyles@coldwellbanker.com
I always find it interesting showing foreclosed homes. 
I have been asked so many questions about REO's. They are like no other type of listing. The more you deal with these transactions, the more you learn, but NEVER will you know everything. Each property and Bank (or seller) handles things differently. So here's the answers to some questions I receive...
Foreclosures are up 115% over the last year, and industry experts are predicting that number to soar. There will be 2.2 million in 2008 - more than double the number of foreclosures in 2007, according to the Mortgage Bankers Association of America.
Q1. What is an REO?
Thanks to a recent agreement between RE/MAX of New Jersey and RealtyTrac, you can now take advantage of foreclosure data which has been integrated into the property search of our New Jersey resources web site. This allows you to search a comprehensive database of pre-foreclosure and foreclosure properties (including properties in auctions … (0 comments)
Life is Full of Open doors, Walk Through them...
… (0 comments)
The past several weeks on one of our bank owned properties, an agent has called multiple times and even submitted a very low ball offer. Come to find out today, the kids are trying to buy the home for their mom who once lived there. She was not the previous owner … (6 comments)
Our website has specialized searches for both Bank Foreclosures and HUD Homes. You can find our specilized search at: http://davidjohnson.erasunriserealty.com/real_estate/ Just look on the right hand side and you can choose either HUD or Foreclosures. The great thing is that some short sales also show up in the foreclosure lists and … (0 comments)
As some of you know there is "smart" people buying up distressed and foreclosed homes at great prices. They did all their homework, they listen to all the "flipper" CD's and now they have jumped into a foreclosed property with both feet. So the next question is now what?
So you've heard all of the news reports about bank owned homes, foreclosures, and maybe you've even heard of short sales. Great! Now the question is do you know what they mean and do you know how they affect you as the home buyer or seller?
A couple of weeks ago I wrote this blog about the condition of foreclosed homes in our area.
We have access to buk REO's at very good rates
I had the opportunity to listen to Congressman Isakson yesterday at the Women's Council of Realtors in Atlanta and immediately wanted to pass this along. Please contact your representatives if you support this legislation for the tax credit. Here is the link to the floor statement that you may wish to visit: … (4 comments)
Surely a lot of terminology in todays Foreclosure market can be very confusing and even daunting to some would be real estate investors. So how can we make it simpler? First of all let's explain the terminology and then look at sources for foreclosed bargains.
You will see more and more foreclosures coming onto the market this year. If you haven't sold a foreclosed property before, now is the time to start. Knowing how to place your offer, and how the whole procedure works is VERY important. 
It's been a while since I have had time to write much of anything. In the month of January I got married. I started my own real estate company, REO Properties in Oakhurst, CA. It snowed and our truck is stuck in the driveway right now! That's another story. 
Hi all! Nicole Ocean here,
I was at the courthouse steps Monday morning, watching as one of the first homes I ever sold was foreclosed. This was the only one we have sold that has "gone bad," and I didn't really like it. But I guess I had better toughen-up, because I have a feeling … (19 comments)
This home is in foreclosure, amount owed on this home is $430,000, I had an accepted short sale at $290,000. That fell out 2 days before closing, I have relisted it at $299,000 and have an offer in for review at the bank - this offer is not full priced, but … (1 comments)
Doing some research on foreclosed property I was interested to run into these results from a ServiceMagic survey of homeowners who were trying to deal with neighbors who were not properly maintaining their property:
There were a few articles I came across last week that indicated a drop in new foreclosures recently nationwide. They seemed almost relieved the numbers have dropped, but there is more to the scenario than meets the eye. To the uninformed that is true every year in real estate, foreclosure inventory … (2 comments)
The Department of Housing and Urban Development and the Federal Housing Administration (FHA) announce new sales incentives on HUD Home sales in Michigan.
We have experienced and are presently going through a complete overhaul with various challenges as Realtors, consumers and those vendors in the Ancillary business of supporting the real estate transaction. With inventories at record highs, home foreclosures, mortgage fraud, and dismal headlines saturating our news media, you would think we are … (1 comments)
Over the past few years, I have made a good deal of money helping out clients who are facing foreclosure. Working with those in pre-foreclosure gives me an opportunity to help my clients get a fresh start. It also helps me out tremendously because these clients seem to share my name … (7 comments)
Home owners who have been foreclosed on- NAR supports waiver of Income tax. Timing couldn't be better for NAR to pursue the House (Ways and Means Committee) to move forward on a bill to do a way with "the Phantom Tax" on foreclosed home. Read the relayed link.
… (0 comments)
When I woke up this morning I decided to have a cup of coffee and turn on the television. Usually on the weekends, I don't have that leisure but my kids had gone out early and my husband had gotten called into work so I had the house to myself!
I get a lot of calls from potential clients looking for "a deal". In my experience, most of the callers are watching infomercials late at night because they believe that Foreclosures and HUD owned homes are deals. My purpose today, is to inform and enlighten on the continuing dynamic Washington DC … (2 comments)
This is my third lap, if you will. Having been in the business since 1978, I've seen three full market cycles. The slow cycle for most agents comes when homes stop selling overnight and inventories creep skyward. This is when you need to ramp up for REO's. (REO = Real Estate … (26 comments)
Buying bank owned properties or REO'sThere is a lot of interest in buying bank owned properties these days. A lot of information, some good and some bad, is floating around about the subject. Often the information offered is for sale, with the promise that you can make a lot of money … (1 comments)