Looking for a place to invest out of your area or perhaps you live in a good area to invest and need a friendly reminder. Below is a list of affordable communities where housing has remained relatively stable and where future job growth looks promising. It was interesting for me to find this list because a handful of these areas are where I am recommending people research when contemplating a move or looking for a good market for investing. I still truly believe there are good deals to be had […]

A large part of chasing short sales is educating the homeowners and serving as a type of consultant helping them understand the process. Many homeowners in default have never heard of a short sale and will rely on you to walk them through the process. Below is an interesting twist to the short sale process. This doesn’t mean all lenders are taking this approach but it is something you need to consider when dealing with homeowners and lenders. Find out if the homeowner is willing to do the deal even […]

It is not easy to get information and insights regarding foreclosures and short sales directly from banks and lenders. They are obviously a critical party involved as they are the ones doing the foreclosing and who will ultimately be making the decision on your short sale offer. Below are some great insights shared by Jim Satterwhite who is the vice president of price default management at Chase Bank. Smooth Short Sales: Tips from a Lender WASHINGTON — Real estate practitioners who’ve worked with clients on a short sale often complain […]

Below are the ten best perfoming markets with the percent increase and the ten worst performing markets with the percent decrease from the 1st quarter of 2007 to the 1st quarter of 2008. Best performing markets Binghamton, NY — 11.8% Peoria, IL — 10.4% Spartanburg, SC — 10.1% Elmira, NY — 9.6% Yakima, WA — 9.0% El Paso, TX — 8.5% Amarillo, TX — 8.2% Glens Falls, NY — 7.7% Farmington, NM — 6.3% Beaumont-Port Arthur, TX — 6.1% Worst performing markets Miami-Fort Lauderdale-Miami Beach, FL — -17.2% Memphis, TN-MS-AR […]