note buying: Is there REALLY a REO/Foreclosure Home Shortage??
- 06/28/12 07:13 PM
Is there really a REO/foreclosure home shortage? According to Realtor Magazine real estate investors are starting to report indications that the housing recovery could be starting to gain some solid foundations. One indication in particular could not only be a positive sign for the market, but could actually spur more investing as would-be investors rush to get in on the bargains before they miss their chance. There may actually be a shortage of REO deals. According to a report in Bloomberg, recovering markets like Phoenix and Miami may have bottomed out, with the result that bulk-REO buyers are starting to have … (2 comments)
note buying: Additional "Note Buying" Thoughts...
- 06/28/12 06:32 PM
Yesterday I wrote about some issues in the note buying segment of real estate. I wanted to expand on the topic because there is a lot of interest in it and it is a misunderstood issue.
The first and foremost issue is that buying the note itself does not impart a lot of benefit of the buyer. Most notes that are sold are in default or imminent default. Therefore, the note itself has little value. However, unless the buyer asks for the assignment of the note, it is not automatically assigned to the buyer. The assignment is not only critical; … (2 comments)
note buying: Compliance Guidelines when Purchasing or Selling a Real Estate Note
- 05/19/11 06:15 PM
Many real estate investors are turning to purchasing a note as it becomes more and more difficult to purchase short sales. As in many aspects of life, there are advantages and disadvantages to this. One such example of a potential pitfall is RESPA. RESPA was enacted in 1974 as a means of proper disclosure to the consumer. It also eliminates kickbacks in real estate financing transactions. RESPA compliance alone, can determine the enforceability of your note. Here are a few key issues to consider: 1. RESPA requires a HUD disclosure booklet, so include one in every transaction in which you are … (1 comments)
note buying: A Review of Real Estate Note Buying
- 04/28/11 09:03 AM
There is massive increase in the number of investors purchasing real estate notes. Many first time real estate investors are jumping in as the "experts" explain to them how easy it is to make a fortune buying notes. Of course, there is also danger. Purchasing a seller financed note is not much different than buying the real estate itself. An investor wants to be certain that it is a solid investment of time and money. There are several issues that should be addressed in any successful real estate note purchse: Property Appraisal: It is important to get an independent third party … (2 comments)
Author Bio: Paddy Deighan earned his Juris Doctorate and PhD Paddy consults with taxpayers in regard to tax liens, tax levies, tax levy, offer in compromise, tax debt, tax settlement
Is there really a REO/foreclosure home shortage? According to Realtor Magazine real estate investors are starting to report indications that the housing recovery could be starting to gain some solid foundations. One indication in particular could not only be a positive sign for the market, but could actually spur more investing as would-be investors rush to get in on the bargains before they miss their chance. There may actually be a shortage of REO deals. According to a report in Bloomberg, recovering markets like Phoenix and Miami may have bottomed out, with the result that bulk-REO buyers are starting to have … (2 comments)
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