August 14, 2009 by admin
It is just something that these services from title to close to fee collection is vertically integrated and owned by banks and mortgage servicers. Wow, what a spiral. Makes you wonder if buying a foreclosure is a good idea, maybe buy directly from the seller in distress before the bank gets it. Hit me up with your thoughts below.
NYT: Fees may deter efforts to alter loans
Many mortgage compani...
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Posted in Rentals, Uncategorized, real estate club education, sell home now, short sales | 0 Comments
February 12, 2009 by admin
Now is the time to buy area investment properties!
Why? Buy low and sell high is how you succeed in real estate.
Don't follow the pack that is running away from real estate.
The adjustment to area home prices and the continued cooperation of low interest rates makes 2009 the perfect time to buy an investment property. Now you can use a conventional loan, private money or hard money loa...
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Tags: buy house, commercial real estate, Flips, for sale by owner, foreclosure, properties for sale, real estate investor, reo
Posted in Flips, real estate club education, real estate club news, short sales | 0 Comments
October 15, 2008 by admin
I currently have a bid in on a short sale for 150,000 with the seller to pay 5,000 to closing costs. It has been a few weeks now and still no answer. I was thinking of raising my offer to 158,000 with the seller paying 2,000 to closing costs. The house is listed at 174,000. The realtor says I should try going up by 5,000 but I really like the house. Do you think they take this offer?
Most people...
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Posted in short sales | 4 Comments
October 13, 2008 by admin
Hi - I am considering entering into a short sale of my townhouse, but I was wondering if anyone can advise me on if whether or not the Mortgage Forgiveness Debt Relief Act 2007, applies to the difference between what I purchased the townhouse for in 2006 and what it will ultimately sell for (much lower) in 2008? Thank you in advance!
Yes, the act would apply to you. However, the act applies to ...
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Posted in short sales | 3 Comments
October 11, 2008 by admin
I am two months in on trying to buy a house under short sale terms and nobody seems to know anything. The bank just takes so long to make a decision-WHY? Banks are a lot like people, at least in the fact that they don't like to lose money. The bank wants to be 100% sure that accepting your offer of a short sale is their best financial choice. They have to evaluate all their options. If they thi...
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Tags: flipping real estate, for sale by owner, foreclosures, properties for sale, real estate club education, real estate club news, Rentals, sell home now, short sales
Posted in short sales | 2 Comments
