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Foreclosures 101 - How Did We Get Here and How Do We Get Out?

By
Real Estate Broker/Owner with Buyers' Choice Realty

 

Here are two good movies to watch and a few useful websites on the subject: 

 

The Meltdown

 

The House of Cards

 

The Everything You Need Foreclosure Site - My gift to you

 

How to get your hands on some of that Obama Money for your Turf

 

Foreclosures 101 - Analyze Foreclosures by State, County and Zip Code

 

So much for "How Did We Get Here?"

 

How Do We Get Out?

 

You have the answers.  Please share!

 

Mirela Monte, Your Myrtle Beach Real Estate Foreclosure Connection

Posted by

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Mirela Monte
Buyers' Choice Realty - North Myrtle Beach, SC
Myrtle Beach Real Estate

I look forward to your ideas!  Please contribute! 

Mar 24, 2009 05:08 PM
Mirela Monte
Buyers' Choice Realty - North Myrtle Beach, SC
Myrtle Beach Real Estate

I encourage you to watch both movies and come back and comment.  Both documentaries explain in detail exactly how we got here.  That foreclosure site is awesome.  It has all the main Asset Allocation Companies and Main Banks' websites.  It's a virtual treasure trove for those of us cultivating REO business.

Mar 24, 2009 05:15 PM
Pat Tasker
Shorewest Realtors - Germantown, WI
Your Milwaukee Metro Area Agent (WI)

I am going to book mark this one!  I heard about the frontline report and that it was really good...

Mar 24, 2009 05:21 PM
Sandy Childs
Keller Williams Realty - Spartanburg, SC
Realtor - Spartanburg, SC

It is too late and I am too tired to absorb this much information, I'll be back tomorrow, with comments. Thanks for putting this together - it is awesome.

 

Mar 24, 2009 05:50 PM
Randall Sandin
Carolina One Real Estate - Charleston, SC
843-209-9667 - Search for Charleston SC Real Estate

thanks for the great info - how do we get out of this mess it the question? I think the only true answer is time and letting capitalism work itself out naturally, it always does

Mar 24, 2009 10:23 PM
Caren Wallace
Premier Property Group LLC - Tualatin, OR
Portland Caren Real Estate

Mirela, we can beg our investors to pleeeease buy a few and get them back to their original beauty!!!

Mar 24, 2009 11:57 PM
Robert Rauf
CMG Home Loans - Toms River, NJ

Looks like some great info, Thanks for sharing it Mirela!

all the more reason for us to work with Short sales etc to avoid as many foreclosures as we can, Vacant, neglected or boarded up homes will only bring neighborhood values down!

Mar 25, 2009 03:35 AM
Brian Kuhns
Coldwell Banker Roth Wehrly Graber - Fort Wayne, IN
Fort Wayne Real Estate by Brian Kuhns

I will have to delve into this posting further later but thanks for all the info...looks like a lot of great material.  Wouldn't it been a shame if your former assisstant's house popped up on one of these lists? :) maybe that wasn't so nice

Mar 25, 2009 06:47 AM
Simone Bercu
Metro Referral - Palm Beach Gardens, FL
Not state specific Real Estate - GRI, e-PRO, AB

Mirela, thanks for the links.  I will watch tomorrow and comment on them. 

 

Mar 26, 2009 01:44 PM
Jean Terry
Keller Williams Realty Spartanburg, S.C. - Spartanburg, SC

Mirela, I plan to watch the movies, will let you know.

Mar 26, 2009 04:25 PM
Simone Bercu
Metro Referral - Palm Beach Gardens, FL
Not state specific Real Estate - GRI, e-PRO, AB

Could not keep my promise when I saw the length of the 1st video.  I saw the blaming others by MSNBC, and I disagree with that.

 

 

Mar 27, 2009 11:39 AM