The newest “buzzword” in real estate these days is Short Sale.
A short sale occurs when a lender agrees to accept less than the full loan balance from a borrower, in exchange for the sale of a home that is behind on payments and heading for foreclosure.
Why Do Lenders Accept Short […]
Entries from May 2008
Short Sales Require Caution - Are Short Sales The Right Choice?
May 28th, 2008 · No Comments · Bulk REO Properties, Foreclosure, Foreclosure Market, Foreclosure News, Foreclosure Properties, Foreclosure Resources, How To Avoid Foreclosure, Preforeclosure, Short Sales
Tags:Foreclosure·How To Avoid Foreclosure·pre-foreclosure·reo property·short sale·Short Sales
Economic ‘Tsunami’ Just Starting - 5 Years Ago… 5 Years From Now…
May 14th, 2008 · No Comments · Bulk REO Properties, Foreclosure Market, Foreclosure News, Foreclosure Properties, REO Properties, Real Estate Market, Recession, The Economy, investment properties
Five years ago I wasn’t a very popular guy.
A lot of folks didn’t want to talk to me about my thoughts on the coming real estate market. My forecast of this massive mortgage meltdown fell on deaf ears. I tried to warn anyone that would listen to me. Most didn’t.
As a mortgage banking […]
Tags:defaults·economy·Foreclosure Properties·investment properties·Mortgage·Recession·REO Properties
Lifecycle of a Distressed Property - From Default To REO Sale
May 5th, 2008 · No Comments · Bulk REO Properties, Daily Musings, Exit Strategies, Foreclosure, Foreclosure Resources, REO
“Distressed property” is by definition a piece of real estate that is under duress or is in some way becomes a nonperforming asset.
There is a timeline and reference point that is indicative to how much stress a piece of property has.
This article addresses this concept of when payments are missed and property owners head down […]
Tags:Bulk REO Properties·distressed property·Foreclosure·real estate·real estate investing
