I love the first line of this article “Meet the latest desperate home seller: the bank…â€? Isn’t that what we’re after – desperate and motivated sellers? All investors that are active in chasing after deals should be consistently getting lists of bank-owned properties. The easiest place to get these listings is from real estate agents. They can get them straight off the MLS, so make sure your agents know you have an interest in looking at these properties. (Money Magazine) — Meet the latest desperate home seller: the bank. According […]

Don’t let negative articles like this frustrate you. Is it really that big of deal that rates on 30-year fixed rate mortgage surged a tenth of a percentage point? No. It doesn’t affect you or your business at all. There is so much negativity in the market and it tends to wear on investors and put doubts in their minds if they should even be looking into real estate right now at all. It is always important to understand what the report is actually saying and determine if it affects […]

WASHINGTON (AP) — The Bush administration is temporarily suspending a 5-year-old rule intended to deter property flippers, as part of an effort to help speed the sale of foreclosed properties. For one year, the Federal Housing Administration will no longer impose a 90-day waiting period before foreclosed properties can be sold to receive government-backed loans. The policy was put in place in 2003 to deter property “flipping” schemes, in which buyers are overcharged for foreclosures or other distressed properties. But the surge in vacant properties resulting from borrowers who were […]