Investors & Licensed Agents: Understanding the preforeclosure market

I couldn't believe the high level of professionalism and quick turnover time with a recent short sale negotiation from National City. In less than 3 weeks of recieving the package the mitigator faxed us a near unbelievable response letter. This was a second mortgage of $100,000 and they settled a...

This post is actually a modified comment that I made on David Britt’s blog, http://activerain.com/blogs/dbritt. You must read David’s blog post! David’s post and Fred’s comment on the post addresses an important and disenchanting issue in the realm of pre-foreclosures, foreclosures, and REO prop...

In short, my main suggestion is to print out a map from Google of where you live and draw a 1 square mile box around it, this box will represent your farm territory.  Get to know this 1 square mile like the back of your hand and make sure this 1 square mile knows you. Research it from top to bott...

Since I began posting on activerain I have become quite busy with emails, and calls about the preforeclosure market. Its clear that licensed agents want to gain knowledge on the subject from a practical source not from a philosophical point of view. This is great for me because it means that the...

Let me preface this by saying that even though New Jersey allows for deficiency judgments the state statute actually frowns upon deficiency judgments. Consider the case law below. Correct me if I am wrong but the majority of mortgage companies provide for short sales it appears because they woul...

Real estate investor glossary of terms: Preforeclosure sale: Buying a property in preforeclosure involves approaching the borrower or homeowner and offering to buy the property outright. The borrower/owner can walk away with the equity in the property and avoid a foreclosure or sometimes a “char...

My next few posts will be entries to a glossary of useful real estate investor terms. Please feel free to add terms, comment on definitions, and/or give examples. As always I welcome constructive feedback. Lis penden: (1) Latin for "a suit pending." The term may refer to ANY pending lawsuit. (2)...

I have been blogging lists of all my favorite real estate websites but these are just general websites that will help you save money so you can buy more real estate.Enjoy!  http://slickdeals.net/ This is one of my personal favorites!   http://www.shoplocal.com/Default.aspx? This one works by loc...

http://www.treas.gov/auctions/irs/ IRS auctions   http://www.ustreas.gov/auctions/ US Department of Treasury auctions   http://www.hud.gov/ US Department of Housing and Urban Development   http://www.usmarshals.gov/assets/sales.htm US Marshal Auctions   http://www.bid4assets.com/storefront/index...

http://www.domania.com/ Quick property valuation tool. Its not the best but its quick and Free.http://www.zillow.com/ The contravercial property valuator. http://www.doityourself.com/ If your heading into a fixer upper this is a great tool.http://moving.move.com/move/tools/movingcalc.asp?poe=home...