reo: FHFA Announces a Bulk Sales Program
- 08/28/12 06:10 AM
The Federal Housing Finance Agency (FHFA) recently announced that it will begin selling large blocks of its residential housing inventory. They wil be offereing teh real estate blocks to qualified institutional investors. The agency hopes that the move will help get more housing options back on the market and keep more homeowners in their homes. Acting FHFA director Edward DeMarco has also expressed confidence that the program will help stabilize neighborhoods and housing prices. Naturally, not everyone believes that this program wil positively affect the real estate market. In fact, real estate agents in Florida recently reiterated the concern first voiced … (2 comments)
reo: 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)
Over the past couple of years I have observed the rise of the Short Sale. At a recent National Reo Brokers Association function, the President of REOMAC, one of the major default industry trade organizations indicated that 2010 would be the year of the ShortSale... This would be great if there was a way to get short sales negotiated and closed within a reasonable amount … (4 comments)
reo: Things a Listing Agent Should Never Tell a Short Sale Lender..
- 05/22/11 09:47 AM
There is a disturbing trend in short sales....an investor puts a property uder contract and begins to market tghe property for future sale. Listing agent discovers that there may be a higher offer. They then tell the short sale lender! This is a mistake for valid legal reasons. The listing agent's duty is to the home owner. In telling the short sale lender that there "may" be a higher offer, you are breaching that duty to your client! If the short sale that you submitted is rejected, you are now liable to yoru client because you had no duty to disclose … (2 comments)
reo: 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
The Federal Housing Finance Agency (FHFA) recently announced that it will begin selling large blocks of its residential housing inventory. They wil be offereing teh real estate blocks to qualified institutional investors. The agency hopes that the move will help get more housing options back on the market and keep more homeowners in their homes. Acting FHFA director Edward DeMarco has also expressed confidence that the program will help stabilize neighborhoods and housing prices. Naturally, not everyone believes that this program wil positively affect the real estate market. In fact, real estate agents in Florida recently reiterated the concern first voiced … (2 comments)
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