Tag Results
38 Tag Results
10 result(s) displayed (21 - 30):
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
Real Estate Investing article on "Bank Owned Properties"
January 02, 2009
Mortgage Bankruptcy
Mortgage bankruptcy refers to the 'Conyers Bill' which was enacted by legislation in 2007. The mortgage bankruptcy bill is highly controversial because it modified the new bankruptcy laws which took effect in 2005.
The mortgage bankruptcy bill requires borrowers to provide evidence they are incapable of obtaining the financial means to become current on delinquent mortgage payments to stop foreclosure.
Real Estate Investing article on "Mortgage Bankruptcy"
November 24, 2008
Foreclosed Homes
Are foreclosed homes a smart investment? The answer is a resounding, Yes! But, there are a few catches. First, you need to understand the foreclosure process. Secondly, you need to be able to wait out the housing crisis.
Currently, more than 11,000 million foreclosed homes sit vacant. Nearly every metropolitan city street is peppered with distressed properties in need of repair. The majority of these houses are priced to sell. While purchasing houses under market value is the key to turning a profit, it is of particular importance to thoroughly inspect every inch of foreclosure real estate.
Real Estate Investing article on "Foreclosed Homes "
September 30, 2008
Consolidate Debt
Many people opt to consolidate debt in order to eliminate high-interest loans and credit card debt. Instead of making multiple payments to various lenders, consumers take out a new loan and rollover all debt into that loan. Depending on the amount owed, consolidating debt into one loan can save a significant amount of interest over the long-run.
For homeowners, there are three ways to consolidate debt. These include cash-out refinancing, home equity loans, and home equity line of credit.
Real Estate Investing article on "Consolidate Debt "
September 05, 2008
Debt Consolidation
Debt consolidation is financial strategy which can be used to reduce outstanding debts. As more people face financial hardships such as foreclosure and bankruptcy, they are turning to debt consolidation programs. The question is, do they really work?
Various types of debt consolidation exist including consolidation loans, home equity loans, home equity line of credit, debt settlement, credit counseling and bankruptcy. It is important to determine which type of consolidation plan is best suited for your situation and understand the risks involved.
Real Estate Investing article on "Debt Consolidation "
July 22, 2008
Deed in Lieu of Foreclosure is a powerful tool when properly used.
Deed in lieu of foreclosure is a legal document which allows Borrowers to transfer all interest of their property to their lender. Individuals facing foreclosure are able to utilize deed in lieu of foreclosure to stop foreclosure proceedings and return their real estate to the bank.
The main advantage to deed in lieu of foreclosure is it allows the Borrower to immediately be released from their mortgage debt. In essence, the Borrower hands over the keys to their lender and walks away from the house. Deed in lieu of foreclosure is relatively quick and less traumatic than the foreclosure process. Additionally, deed in lieu of foreclosure is usually less damaging to the Borrower's credit.
June 01, 2008
Investing in Foreclosed Real Estate
Investing in foreclosed real estate can be quite profitable if you play your cards right. While it's not always as easy as the late-night infomercials suggest the following tips can help you understand the facts and get prepared for what lies ahead.
When real estate is foreclosed, it first goes up for sale at auction. In order to buy foreclosed property, individuals must place a minimum bid equal to the amount of the loan balance, along with any accrued interest, attorney fees and other costs associated with the foreclosure process.
Real Estate Investing article on "Investing in Foreclosed Real Estate"
April 23, 2008
Bank Loss Mitigators
Bank loss mitigators are individuals who work with homeowners facing foreclosure. Typically, loss mitigators are representatives of the Loss Mitigation Department of banks and lending institutions. However, they might also be independent agents who work directly with the homeowner and assist in negotiations with mortgage lenders.
The primary duty of bank loss mitigators is to help homeowners devise a plan that will enable them to either remain in their home or obtain a short sale. Loss mitigators review the homeowner’s financial situation and help them determine which plan will be in their best interest.
