Foreclosure Secrets Revealed

Archives by Tag 'Realtor'

Best ways of finding foreclosures

So how do we find these great deals? One website I’ve found is foreclosure.com. Being a Realtor I can use my MLS to see if the properties listed on there are current. Foreclosure.com is very up to date. There were only a couple of homes in my area that were NOT current and all were [...]

Is it better to buy a foreclosure, or a short sale?

There is a big difference between a short sale and a foreclosure, although both might be a really great deal for the buyer. The big problem with short sales is you never know if the bank will actually take the price they have put on the property. A short sale means that the owners owes [...]

How do I know it is a good investment?

This is one of the most important questions to ask yourself. Another TRUE STORY will illustrate this point perfectly. Meet Zack and Sara, they are first time homebuyers wanting to buy a really good deal. Anne, a Realtor in my office, immediately shows them some excellent buys. Nothing is quite what they want until they [...]

Best ways to safe guard my family and my finances from my REO investment.

Have a plan!!!! So many people don’t think any further than being able to get the property. What do you want to do with it? Rent it, flip it, live in it. Have a written down, well thought out plan that has complete agreement from everybody involved. Get the “Team’s” vote! Then BEFORE YOU BUY [...]

Pre-Qualified what does it mean, how do I get it?

Pre-qualified is very important when putting in offers on foreclosures. Pretty much all the banks require you to have a pre-qualification letter from your lender in order to put in the offer. If you are paying cash you need to have proof of funds, like a bank statement, or a letter from your bank saying [...]

You have found the Perfect Property, now what?

Now is the time to gather your “Team” and show and discuss all the good and the bad in relation to the property. In proving to them why this is a good deal it will show you what parts of your plan might need work and will help you to refine your offer. The offer [...]

The Escrow Month, inspections, contingencies, and earnest money.

Ok so now you have an accepted offer, now what? Now you begin the Escrow time, usually a month, which is the time to get everything set up so the property can close. Hopefully as smooth and as on time as possible. It used to be we would start with inspections, now though, we tend [...]

Ethics in Real Estate.

I am of the opinion a Real Estate Agent cannot work both sides of a transaction. When I represent a client I think and act as if it was my own money on the line. I fight for that client, it is my job to get my client the very, very best deal I can. [...]

Escrow Insurance equals assurance to you.

If you are purchasing your foreclosure from the bank why use an escrow officer with your local title company to close the deal? Because you are not just paying them to help both parties through the transfer of title process. You are also purchasing title insurance. That means they have researched the property and made [...]

Consumer assistance programs and advice.

To find out more about local programs head again down to your assessors’ office. They can direct you to local real estate clubs, or classes being held. There are often booklets they can give you. I have included a few that have some really great advice. Be cautious when reading advice about real estate online, [...]