So what's an REO?

  REO is an acronym used by financial institutions, which means Real Estate Owned, and has come back into the bank's portfolio via a foreclosure process. The purchase of a REO pro...

28/02/2008 | Print | PDF

Risks and Rewards of Foreclosure Investing

  The mortgage foreclosure process creates three sets of real estate investing opportunities: the "Default/Pre-Foreclosure" phase, the "Auction/Sale" phase and...

28/02/2008 | Print | PDF

Inside Look at Bank Foreclosures

  Many new investors want to buy properties directly from the bank. You never hear anyone say, "I want to buy a property from a mortgage company, credit union or savings and ...

28/02/2008 | Print | PDF

Pre-Foreclosure Buying Process

  The advantages to buying properties from homeowners in default can only be measured by the individual buyer. Some do not see enough reward, some think it's too ris...

28/02/2008 | Print | PDF

How to Avoid Foreclosure

  The guidance below (and in the ""How to Avoid Foreclosure"" pamphlet) is applicable to homeowners with FHA Insured loans. While a good deal of ...

28/02/2008 | Print | PDF

Buying Pre-Foreclosure

  The advantages to buying properties from homeowners in default can only be measured by the individual buyer. Some do not see enough reward, some think it's too ris...

28/02/2008 | Print | PDF

The Real Risk of Home Equity Loans

  Do you own your home? If so, it's likely to be your greatest single asset. Unfortunately, if you agree to a loan that's based on the equity you have...

28/02/2008 | Print | PDF

REAL ESTATE AUCTIONS

Real estate auctions, which are more commonly called Sheriff’s Sales, are one area of the distressed property business that I do not presently work. But because it is such a big part of the distressed property business, I have included this sec...

28/02/2008 | Print | PDF

REO PROPERTIES

REO Properties, or Real Estate Owned properties, are properties owned by a large agencies or institutions, such as banks, HUD, or the VA. Banks acquire such properties through real estate auctions or Sheriff’s Sales. For example, Mrs. Whitley f...

28/02/2008 | Print | PDF

Deed in Lieu

  Extremely IMPORTANT NOTICE: Exercising this option involves the legal transfer of your rights of entitlement to your home. It is suggested that you consult with an...

28/02/2008 | Print | PDF