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Events for the

Tuesday, 09 September 2008

RESOURCES & ARTICLES

Foreclosure Laws and Procedures By State

The foreclosure process varies somewhat from state to state, and depends primarily on whether the state uses mortgages or deeds of trust for the purchase of real property. Generally, states which use mortgages conduct judicial foreclosures; states th...

A Sub2 Purchase with the Banks Blessing!

I’m not sure if this has been discussed before, but I thought it useful to document a recent transaction I completed. An out of state homeowner contacted me about a property they owned in Atlanta. Essentially they just wanted out of the house w...

What does the Mortgage Relief mean for investors?

Foreclosure activity is estimated that this year will include about 2 million subprime loans resetting over the next 12 months in the USA. Florida is in the top 10 states with this type of high activity. While this surge of foreclosed properties is f...

Short Sale Challenge - 1ST Mortgage NOT Discounting WHY?

The short sale game is serious and it comes down to what the lenders believe for value. You obviously know about the BPO...correct? Each BPO will provide the lender with an opinion of value. The lenders will short sale if they believe they are going ...

How To Determine Your Short Sale Offer

This is a question I'm constantly being asked by my students and other real estate investors. The answer to it is not an exact science. First let's identify some common used terminology. BPO (Broker Price Opinion): A generalized opinion or va...