Name

Jerry Dou

Company

NWAFiresale.com

E-mail

Contact Jerry Dou (NWAFiresale.com)

Website

http://www.NWAFiresale.com

Office Phone

(479) 575-0000

Cell Phone

(479) 236-0362

Fax

(866) 888-0955

Address

5206 Village Parkway Suite 10, Rogers, AR, 72758

Description

www.NWAFiresale.com is your leading source for all of the best deals in Northwest Arkansas including bank foreclosures, REO's, relocation properties and "firesales". Check it out today!

The Best Deals in Northwest Arkansas

What is a bank foreclosure?

Wikapedia defines a Foreclosure as the legal and professional proceeding in which a mortgagee, or other lienholder, usually a lender, obtains a court ordered termination of a mortgagor's equitable right of redemption. Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the owner the right of redemption if the borrower repays the debt. When this equitable right exists, the lender cannot be sure that it can successfully repossess the property, thus the lender seeks to foreclose the equitable right of redemption. Other lienholders can and do use foreclosure, such as for overdue taxes, unpaid contractors' bills or overdue HOA dues or assessments.

Click here to read more about Foreclosures from Answers.com

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What is a Short Sale?

Wikipedia defines a short sale in Real Estate as a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold.^[1] In a short sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor. This negotiation is all done through communication with a bank's loss mitigation or workout department. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender, sometimes (but not always) in full satisfaction of the debt. In such instances, the lender would have the right to approve or disapprove of a proposed sale. Many Short Sales leave a deficiency balance for which the Mortgagor / Borrower is still liable. In 99% of all cases it is not a settlement-in-full. A deficiency balance will remain as a potential liability for the Mortgagor / Borrower. The bank's opportunity of pursuit of a deficiency judgment will vary from state to state

Click here for more information on Short Sales...

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What are Smokin Deals and RELO's?

Smokin Deals and RELO's are just that... "Smokin Hot Deals - those that are priced very well for their location (priced under appraised value) and RELO's are homes that have been acquired by Relocation companies. This happens a lot in Northwest Arkansas as so many Wal-Mart vendors are relocated to the area and moved out... If their home doesn't sell then the RELO company will do a "buy-out" from the client and then the home goes into "inventory". Many homes in this category can be purchased below market value.

If you are looking to take advantage of this "Buyer's Market" - visit www.NWAFiresale.com today! Or call Jerry Dou to locate the best deals for you... 479.236.0362

 

 

Jerry Dou, Realtor... Business Broker... Investor

Jerry Dou has resided in Northwest Arkansas for over 28 years and is a graduate of Springdale High School.

Since graduating from the University of Arkansas with a Bachelor of Science degree in Industrial Engineering, Jerry has spent over 9 years working for Fortune 500 companies including Entergy Corporation and American Express Corporation. Most recently, Jerry worked for JB Hunt Transport as an Engineering Manager and IT Project Manager.

Jerry has extensive working knowledge in the areas of Customer Relationship Management as well as a high degree of competence in the analysis, evaluation, and implementation of technical solutions for improving Customer Satisfaction and Workforce Utilization.

It is Jerry's belief that "if you're not using technology, you are not talking to the consumer." No longer are we in the days where only Realtors have access to the Multiple Listing Service, or the MLS. Consumers are now empowered with a plethora of tools available on the internet. This is why Jerry Dou is focused on investing on those tools to ensure his customer's demands are met.

Jerry is a Realtor at Century 21 Exclamation Realty as well as a Business Broker for Synergy Business Services. Jerry's primary focus in Real Estate is the investment side... He began investing in 2001 when he and his wife, Nicky Dou purchased their first investment property. Nicky and Jerry love buying & selling Real Estate as well as helping others be successful at it! Nicky is the #1 Realtor in the State of Arkansas for Century 21. Nicky assists many of Jerry's clients that need to sell their home as Nicky is "the best" when it comes to marketing homes. Jerry works with buyers to help them secure the best deal possibly. Although Nicky and Jerry do not really "work as a team" like many husband/wife Realtors; you basically get two for one when you put either of them to work for you. It is a win-win for everyone.

Visit Jerry's Business Brokerage website at www.synergysizNWA.com or give him a call at 479.236.0362 if you are looking to purchase investment properties or a business in Northwest Arkansas!

Looking for the best deals in Northwest Arkansas?  Vist www.NWAFireSale.com.  Properties are updated daily.  Property status and information are updated with the Northwest Arkansas MLS system every 60 minutes.  www.NWAFireSale.com includes bank forclosures, short sales, relocation properties, and more.

Why use Jerry Dou to buy your next home/business?

Jerry is dedicated to his clients. What are you looking for in an agent? Jerry will save you time and money and turn your goals into a reality. No fluff, no lies... What you see is what you get with Jerry Dou. You will not regret calling him... so pick up the phone now. 479.236.0362 or email Jerry at Jerry@JerryDou.com

What one buyer says...

I recently purchased one of the homes listed on the NWAFireSale website. First, you need to read Jerry's post "Cash is King" because cash offers truly do make a difference. Fortunately, my husband and I had a credit facility as Jerry does and were able to make a cash offer for our home. Our new home was a Freddie Mac foreclosure and after a few days of negotiations we were able to come to a price we were all able to live with.

Next, I must give kudos to Jerry and his commitment to his clients. I have known Jerry for close to 25 years and I suppose that may have had a little to do with our comfortable relationship, but he dealt mostly with my husband whom he did not know at all. Jerry was completely flexible in showing us all properties we requested, promptly responded to all correspondence we sent to him, and was invaluable in helping us make educated decisions. I would recommend him to anyone for representation whether buying or selling! Check out www.nwafiresale.com often!

Kristie Hendricks

"Cash is King" - the blog post from Jerry's Facebook account that Kristie was referring to... Be sure to Add Jerry as a "friend" on Facebook, too and sign up on the NWAFiresale group...

"Investors, if you are in a position to make a cash offer - whether you have it on hand or you're leveraging equity on other investments or properties that you own - GREAT! I just lost a deal yesterday because of a cash offer. My buyer offered to buy a property well above list price, because we knew we were competing against another offer. However, the other offer, which was well under list price, won because it was cash and not contingent upon financing.

I personally have a line-of-credit (LOC) that I have used in the past to purchase properties using cash or not contingent upon financing. The LOC is based upon the equity of my existing rental properties. You can typically get a property for much less by submitting a cash offer. A deal can fall apart on the day of closing and if the contract was contingent upon financing, the buyer basically walks and gets their earnest money back. Sellers of foreclosure properties know this and this is why Cash is King."