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June 23, 2009
How to Short Sale
How to short sale real estate is a hot topic. With millions of homeowners facing foreclosure, short selling property has emerged as the latest and greatest real estate technique. The truth is, short sales have existed for decades. It wasn't until the collapse of financial institutions that this option became public knowledge.
A single article isn't sufficient for learning how to short sale property. The process is complex and requires mountains of paperwork and hours of negotiation. Short sales involve convincing your lender to allow you to sell your house for less than you owe on your mortgage note. Since banks are in business to make money, borrowers must be knowledgeable about the process if they want to obtain short sale approval.
Real Estate Investing article on "How to Short Sale"
June 17, 2009
Short Sale Home
A short sale home is a house that is being sold for less than is owed on the mortgage note. Borrowers facing foreclosure can sometimes engage in short sales with lender approval. The short sale process is pretty complex and requires a tremendous amount of paperwork, but can allow homeowners to walk away without owing additional money.
A short sale home isn't any different than other homes for sale. In fact, these properties can be quite profitable for real estate investors or buyers looking for a good deal. The downside of purchasing short sale homes is the transaction must be handled through the borrower's mortgage lender.
Real Estate Investing article on "Short Sale Home"
June 13, 2009
Bank Short Sale
A bank short sale refers to real estate that is either in foreclosure or has been returned to the bank. With the massive influx of foreclosure real estate, many mortgage lenders are beginning to engage in short sales to avoid the expense of the foreclosure process.
Bank short sale properties can consist of single family homes, condominiums, mobile homes, manufactured homes, commercial real estate or vacant land. When borrowers become delinquent on their mortgage note and unable to fulfill their financial obligation, lenders might allow them to engage in a short sale.
Real Estate Investing article on "Bank Short Sale"
June 05, 2009
Short Sale Real Estate Investor
Short sale real estate is property that has been sold for a lesser amount than the balance due on a mortgage note. This type of real estate transaction occurs when a homeowner is no longer able to fulfill their mortgage obligation and defaults on their loan. In order to stop foreclosure, the lender can elect to allow the homeowner to sell the home for less than is owed on the loan.
Typically, lenders only engage in short sale real estate when the current market value is less than the loan on the property. Short sales are only available to homeowners who have no equity in their home and owe more than the property is worth.
Real Estate Investing article on "Short Sale Real Estate Investor"
April 14, 2009
Investment Clubs San Diego
Type investment clubs San Diego into any search engine, and you'll get thousands of results. Real estate investment clubs are growing in popularity around the country, with San Diego being no exception. Properties in San Diego, with its mild weather, sandy beaches and beautiful Spanish style architectural homes, are in high demand.
Investment clubs San Diego welcomes innovative clubs to their ranks. In 2007 Eco investment clubs San Diego became the corporate headquarters to an investment club with the mission of supporting the environment by urging investors to create and use sustainable businesses, educating investors on environmentally safe business practices and networking with other eco friendly individuals. Eco investment clubs San Diego allows investors to go green while making green.
Real Estate Investing article on "Investment Clubs San Diego"
March 11, 2009
Deed of Trust
A deed of trust is a legal document used to secure interest in real estate. Some states use trust deeds instead of mortgages. Although these two documents are similar in nature there is one primary difference. With a deed of trust the lender retains the property title until the loan is paid in full. With a mortgage, the buyer holds the title while the lender is provided with a property lien.
Deed of trust mortgages involve three parties and include the borrower, lender and trustee. The borrower is provided with a mortgage loan through the lender and must designate the lender as beneficiary to the legal title. The trustee retains the property title throughout the duration of the loan.
Real Estate Investing article on "Deed of Trust"
March 05, 2009
Buy My Home
"Man wears 'buy my home' sandwich board in desperate attempt to sell his house." This headline caught my eye as I skimmed through a local paper. The story went on to explain how the homeowner had been trying to sell his house to stop foreclosure. He claimed the sandwich board seemed to work for people trying to find work, so he thought he would try it as a last ditch effort to save his home and credit.
Perhaps there will be a new market for "buy my home" sandwich boards. That wouldn't be a bad thing considering how many people are losing their jobs. But, do homeowners really have to engage in this type of drastic advertising? The answer is no!
Real Estate Investing article on "Buy My Home"
March 01, 2009
Sell My House Quick
Nearly every day people call me and say, "I need to sell my house quick!" My first question is, "Why?" A person who is facing foreclosure or bankruptcy probably needs to sell their house faster than someone who has inherited probate real estate or owns a second home. It is always important to determine how bad things are before I can help someone develop their exit strategy.
If you are thinking, "I need to sell my house quick" I will ask you the same question - Why? Has your lender sent you foreclosure papers? Are you in the midst of a divorce? Are you ready to walk away from your home because you don't know what to do? If so, I might be able to help and encourage you to submit information about your property via the "We Buy Houses" form on this website.
Real Estate Investing article on "Sell My House Quick"
February 27, 2009
I Buy Houses
As a private investor I buy houses on a regular basis. On average, I view around 100 houses per month. Every day, I hear incredible stories of the life struggles people are facing. Many of the homeowners are facing foreclosure or bankruptcy. Others are going through a divorce or have recently lost their spouse due to illness or accident. Some need to sell their house because they have lost their job.
When I entered the "I buy houses" arena, my primary goal was to make money. I didn't realize that buying houses would ultimately offer distressed homeowners the opportunity to make a fresh start. While making money is fun, helping people out of bad situations is even better!
Real Estate Investing article on "I Buy Houses"
February 15, 2009
Bank Owned Properties
Bank owned properties refer to real estate which has been returned to the lender. Also referred to as real estate owned or REO, bank owned properties can consist of land, single dwelling homes, condominiums, apartment buildings, manufactured homes and commercial real estate.
Bank owned properties can be sold directly through the lender or a licensed realtor. Most REO property is priced under market value. In some cases, buyers can purchase bank owned real estate at savings of up to 40-percent. However, the average savings hovers between 10- and 15-percent
