Author Archive

Share Foreclosures are going to go up before they go down,” according to Craig Nickerson, president of the National Community Stabilization Trust. Nickerson says estimates put foreclosure tallies at 850,000 this year, as high as 1.5 million in 2013, and then back to the levels we’re at today by 2015. With all these distressed...
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Share With all the negative press surrounding real estate investors and short sales these days, it’s refreshing to read a clear, concise explanation of what we as investors really ad to equation of boosting the weak housing market by purchasing properties that require the “buy down” or short sale of the lender’s loan amount. I don’t usually post articles...
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Share There seems to be more and more articles these days highlighting real estate scam artists that are preying on people in distressed situations with their homes in pre-foreclosure. This is very sad however seems to be par for the course where there are people in vulnerable positions and may be more likely to...
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Share In laymen’s terms: why are so many home owners walking away from their houses in droves? That’s the provocative question posed by Brent T. White, a University of Arizona law professor whose academic paper on the fast-spreading “strategic default” phenomenon last year drew sharp criticism from lenders and Wall Street, who viewed him...
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Share Opportunity for investors like us and yes, solutions for upside down homeowners. The best thing about these opportunities, is that we are investing in houses that otherwise would go straight to foreclosure. We are stopping the foreclosure in its tracks and saving the homeowner from a massive blow to their credit, clearing up...
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Share This may be the single worst piece of advice I have ever read published in such a well respected association and qualified professional news source for Realtors and real estate professionals. First, for purposes of full disclosure; I am a full time investor and do invest in purchasing short sale properties and I am also...
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Share To encourage HAFA participation, the Treasury Department raised financial incentives under the program in late March. Borrowers are now eligible for $3,000 in relocation assistance, and servicers (banks) will receive $1,500 to cover administrative and processing costs for a short sale or deed-in-lieu completed under the program. In addition, the banks will be paid...
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Share HAFA (which means “I have HAFA mind to never pay another mortgage payment again!”) Kidding!!! Actually it is part of the Home Affordable Modification Program (HAMP) that aims to help homeowners who are unable to qualify for a loan modification under HAMP by providing them with the option to pursue a short sale...
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Share According to a monthly review of multiple listing services (MLSs) in 26 major U.S. markets conducted by the national online real estate brokerage ZipRealty, home sellers in Las Vegas, Phoenix!! and South Florida continued to slash prices in March in hopes of attracting buyers. (and it’s working!) While the number of “for sale”...
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Share It’s no secret they are on the rise and for obvious reasons. First; negative equity! The second reason is President Obama’s soon-to-be-announced plan to encourage principal reduction. If the plan is structured so that it gives incentives to default in order to secure principal forgiveness, which it will, expect defaults to spike. This...
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