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The Feds’ REO Initiative – Explained

Last month, we discussed the overwhelming inventory of REO homes currently residing in the Federal Housing Finance Agency’s inventory. Federal Reserve Chairman Ben Bernanke wants to start a national REO rental program. But the agency may have seen the light – or at least a glimpse of it. They know they need someone to manage [...]

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The FHFA’s Burning Question – What to Do with 3 Million REOs?

A hot topic in Washington, D.C. this month is what to do with 3 million REOs currently in holding by the Federal Housing and Finance Agency. The popular answer is to make the government agency the largest landlord in America. Does this help or hurt the investor market and, more importantly, the recovery of the [...]

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June 2011 Foreclosure Heat Map

Foreclosures are heating up again! In June 2011 1 in every 583 housing units received a foreclosure notice with California, Florida, Arizona, Michigan and Illinois leading the way. Foreclosure or REO investing is here to stay folks. Between the existing shadow inventory and the new filings, now’s the time to take advantage of this amazing [...]

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The Foreclosures are Coming!

RealtyTrac is reporting that the biggest spike in residential foreclosures is set to happen this year. Not LAST year. THIS year. That’s great news for REO investors. Here’s a video that sums it up. In the video you’ll see that… 1) The biggest foreclosure dump in history is just on the horizon. 2) Mortgages that [...]

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REO Investing and the Chain of Title Time Bomb

Ay dios mio. That’s a new saying I just learned a few weeks ago and I can’t quit saying it.  It means OMG in Spanish.  I first heard it when I was in a hotel room in Pueblo, Colorado blow drying my hair when the maid unexpectedly walked in. Two things make this an interesting [...]

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