Year: 2013
How to Find and Close Motivated Sellers
Home prices are rising and it is very much an inventory-strapped market. Unfortunately, for those agents and investors using the MLS (multiple listing service), this increase in demand is causing bidding wars on available homes. Fortunately for Foreclosures.com clients, our expertise will guide you through this daunting market, so you can find and close a…
REALTYTRAC LAUNCHES NEW RENOVATION LOAN CENTER CONNECTING CONSUMERS TO LOCAL LOAN SPECIALISTS AND HELPING REVITALIZE AGING U.S. HOUSING INVENTORY
RealtyTrac today launched a new Renovation Loan Center powered by proven renovation loan specialist REbuildUSA to help buyers and homeowners take advantage of real estate’s best kept secret.
RealtyTrac® Announces the Addition of Chase International to its Growing Broker Network
RealtyTrac announced today that it has selected Chase International, one of the leaders in luxury real estate, as a member of the RealtyTrac Network (RTN).
4 Key Differences in Today’s PreForeclosure Home Equity Market
With so many more homes with equity – the pre-foreclosure equity buying business is back in full force. After years of growing foreclosures, dropping prices and non-existent equity – this is very welcome news! If you’ve been out of the market for a while and now jumping back in – it’s important I warn you to…
PreForeclosure Homes With Equity Up 425%
With housing values rising, it’s no surprise that owners equities are rising quickly too. As of the first quarter of this year, we now have 850,000 more homes with positive equity, according to a new report from Corelogic. This is a 425% increase from the fourth quarter, when we had 200,000 more homes with positive…
U.S. Foreclosure Activity Increases 2 Percent in May Boosted by 11 Percent Rise in Bank Repossessions
Foreclosure filings were reported on 148,054 U.S. properties in May, an increase of 2 percent from the 75-month low in April but still down 28 percent from May 2012.
Apartment Investors Reap Rewards
If you’ve been reading my recent blogs, the apartment market is exploding. Many of our clients have seen success in building their aparment investing business. Last night, we heard from Dave Gregory, a foreclosures.com client who has recently purchased a 96 unit distressed apartment project – paying only $475,000 (less than $5000/door!). Once he finishes his…
Apartment Deals- Two Primary Plays
Here is a perfect example of a larger apartment project that has the criteria that we look for when seeking out deals. See if you can pick out some of the key reasons this looked like an attractive buy. Don’t get hung up on the size – there are more of these at lower prices, they just don’t…
The Apartment Deal that Wouldn’t Die
About 2 months ago an apartment agent contacted us about an apartment project up the road from another one that we owned in Homewood, Alabama. This property represented a step up from the projects that we normally entertained but the NOI (net operating income) was strong and easily verified, financing was readily available, we had good…
Apartment Investing: Women Driving Demand?
There are a few obvious reasons that the apartment sector is so hot right now – the mortgage mess and long term soft economy get most of the blame. What is strange though is that by most accounts we have seen a comeback – but the comeback is not being accompanied by a strong rebound in…