reos: 5 Tips on Finding Foreclosures from CNN Money - 05/11/09 08:50 AM
Here is a summary of a great article on Finding Foreclosures from CNN Money
1-It is easier to find a foreclosure today, you use a website like Realty Trac or Foreclosurepoint.com or better yet, find a specialist agent like me who can navigate the foreclosure market on your behalf.  Agents have access to the "remarks" field in their databases and can pull out more detailed information than a search engine. 
2-It's best to buy straight from a bank.  The downside is the property is sold as-is, no disclosures but REO's are Real Estate Owned, meaning the foreclosure has been finished, the property is owed only by … (2 comments)

reos: Hunting Gear for REO's - 04/15/09 02:41 AM
There sure are a bunch of mystery houses out there these days.  I go out prepared when I am previewing properties or meeting investors.  I don't always get to view the pretty houses, but after ruining enough pairs of shoes, one gets smart about what is practical.  A big flashlight that works is the number one item I must have when going to see properties.  I'm now on my third one.  I have no luck purchasing a decent high beam flashlight.  Next on the list, boots/shoes that are not pretty.  This goes hand in hand with the flashlight, plus a reminder to never … (1 comments)

reos: I love REO's - 04/13/09 06:39 AM
Anytime an Elgin investor asks me about the market and short sales, I always try to mention REO's.  Why?  Well, because short sales take forever, they can be messy, the offer can get lost in the shuffle and another offer can come along and trump yours in the middle of it all.  Nothing worse than waiting 11 weeks for an answer only to get a NO with a higher offer on the table ousting my patient buyers.  But the REO's, now that is a sweet spot.  Of course, only for the strong stomachs and serious investor, because if you want a deal … (4 comments)

reos: Open Door Policy on Offers-Feedback! - 02/28/09 03:30 AM
Looking for ideas/feedback!  I love the short form some realtors can use to present offers to banks for short sales/REO's/foreclosures.  I also love seeing the real time, online bid statistics for HUD properties in Illinois.  Now, what about combining the two elements in such a way as to reduce steps, eliminate forms and streamline the buying process?  Would it be so bad to have "open door pricing" on a property?  Could this force listing agents to be honest about # of offers currently in?  How about knowing the price you need to come up to to get a home or at least … (0 comments)

 
Jennifer Kinzle, Top Rated Kane County Agent! (Charles Rutenberg Realty of Illinois)

Jennifer Kinzle

Top Rated Kane County Agent!

St. Charles, IL

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Charles Rutenberg Realty of Illinois

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