Tagged : distressed property

Much attention, in some ways too much attention, in today’s market is focused upon Foreclosures, also known as REOs (Real Estate Owned). You can find some good deals in REOs, and they make sense for certain investors, however, don’t limit yourself just to shopping Foreclosures. Buyers should not overlook straight old-fashioned sales. Distressed property sets the bar, with the level of distress factored in, but if a homeowner needs to sell his house they cannot List it appreciably higher t... Read Full Post

Thinking of listing your home as a short sale? or looking to buy one? You better be well armed! Why am I comparing short sales to the wild west? Because this short sale market reminds me of Tombstone, no rules, no accountability, basically chaos! I keep heating Ike Clanton muttering " Law don't go around here law dog". Here are just a few examples of what I am talking about from just the last couple of months. I put together a custom search page for buyer clients of mine the other day, and ba... Read Full Post

I know what you are going to say, because I hear it almost every day "I saw on TV that foreclosures are a great deal" or "My Uncle, Brother, Barber, Friend said that their friend bought a $300,000 house for $19.95" OK, I might have exaggerated those a little but not by much. I am not saying that there aren't some great deals out there because there are, but lets just say they are not as easy to find as some people may think So I have provided this brief introduction to hopefully show that no ... Read Full Post