The Investor Insights

I got an email from LoopNet a few days ago called the “Distressed and Auction Bulletin.”  First time I have seen that. And I like it. I usually don’t pay much attention to LoopNet. I think it’s a

Purchasing REO’s is one of the best investments you can make these days. However, if the bank will not negotiate with you directly on their REO listings you will have to contact a Realtor to view the property and make an offer. Banks usually list their REO properties

Owner occupants are not the only ones facing foreclosure. Investors are losing multiple properties as a result of defaults in their mortgages. In fact, 1/3 of foreclosure properties are owned by distressed investors according to Housing Predictor. Finding a mortgage modification or debt forgiveness is difficult for investors because most banks are not willing to [...]

According to a recent report from First American CoreLogic, distressed properties made up approximately 29% of all U.S. home sales in January 2010. REO’s rose to 22% of the homes sold, which was an increase from 19% in December 2009. Short sales were also on the rise in January, they accounted for 8% of the [...]

The government’s HAFA program that went into effect on April 5, 2010 should help shorten the length of time it takes a lender to approval a short sale. The HAFA program is an alternative for homeowners that do not meet the guidelines under the government’s Home Affordable Modification Program to receive a mortgage loan modification. [...]

CNN.com has a fun article featuring 10 big commercial “busts.”  Their word choice; not mine.  Hee hee. They are: Stuyvesant Town & Peter Cooper Village New York, NY General Motors Building New York, NY Treasure Island

Calling all flippers!  Get the party started because the FHA has finally come to their senses. Yesterday, investors were granted an exemption to the 90 day seller seasoning rule.  Otherwise known as the anti-flip rule.  They determined that properties take less than 90 days to rehab and making buyers wait increases holding costs thus making [...]