The Investor Insights

I just vetted out a new source of bulk REO and non-performing notes (NPN).  It’s called the Carlton Exchange.  Here’s a blurb about them from their website… Carlton has been in the sealed bid, oral auction and REO auction business since 1991. During this time, we have successfully auctioned and sold thousands of properties and [...]

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 decent place to do practice due diligence, find local real estate brokers in markets I’m targeting and [...]

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 with local Realtors who market them in [...]

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 [...]