reo: BUY A RALEIGH AREA HOME WITH ONLY $100 DOWN!!! - 11/06/11 01:20 AM
 
This is an exciting opportunity for home buyers. With all the bank owned, REO, Short Sale and New Construction homes on the market in the Raleigh and Wake County area, HUD wanted to come up with ways to get their HUD owned homes off the market and back into the hands of owner-occupant buyers. So HUD put together a program to help do this.
Buyers who qualify for FHA financing can benefit from a down payment of ONLY $100 to purchase a HUD-owned home instead of the normally larger down payment required from most conventional financing in the market today. … (0 comments)

reo: $14,900 Downpayment Assistance for Foreclosures in North Carolina - 07/08/10 04:15 AM
I just got off the phone with NC Housing Finance Agency (NCHFA) and found out that they are offering up to $14,900 in downpayment assistance and closing costs for the purchase of a foreclosure property.  The assistance is in the form of a 5 year loan given to the borrower at 0% interest.  It does require you to occupy and retain the home for that 5 years.  20% of the loan will be forgiven for each full year the buyer owns and lives in the home.  At the end of the 5 years the buyer must be current on the mortgage to be eligible for loan to be … (2 comments)

reo: Best Wake County Investment, Foreclosure, REO & Short Sale Deals February 9th 2010 - 02/09/10 02:39 AM
I work with a lot of investors that flip properties, buy and hold for rentals and have also works with many traditional buyers that just want a good deal on a house and willing to do a little work for some equity.  I have been out shopping with a few this week so I thought I would put together a couple list of properties that I think have potential to be good investments in Wake Co.  If you are a first time investor it may be best for you to stay within these price ranges.
Properties in Wake County under $100,000
… (0 comments)

reo: We don't want your stinking offer... Buying a Bank-Owned Property - 10/14/09 03:41 PM
This video is so friggin funny.  We have a lot of short sales in our office and we work with a large number of investors.  As sarcastic as this video appears there is so much truth in it.  The banks wonder why they have so many of their properties sitting on the market.  It may be because this is how they treat prospective buyers.  I have submitted numerous offers on bank owned property and unless we have all cash willing to jump through every hoop.
 

If you need an agent with experience in handling bank-owned properties and foreclosures contact Real Living … (10 comments)

reo: Housing Update from Congressman David Price - 03/24/09 05:31 AM
Below is the email I got from congressman David Price on the new legislation that has been passed recently.  Instead of explaining it I thought I would just let you read it yourself and get the details...
Thank you for contacting me regarding efforts to stabilize the nation's housing markets and the foreclosure crisis.  I am pleased to hear from you.
Like you, I understand that the housing crisis has damaged the U.S. economy and left far too many families in desperate situations, and I am committed to working with the Obama Administration to restore stability to the housing market and … (0 comments)