Tips for Advising Investors on Short Sales vs. REOs
Tuesday, November 09
It’s not as if one is intrinsically good while the other is bad. Property deals abound right now for real estate investors. However, knowing the ins and outs may keep both you and your investors from being surprised by things like hidden fees (penalties, unpaid taxes, etc.) as your property s...
Generate Motivated Seller Leads: #11
Monday, November 08
I can give readers a million-in-one physical methods to generate leads. However, no matter how many squeeze pages you create, drip campaigns you write, postcards you mail, or signs you stick on street corners you will not effectively convert leads if your message doesn’t meet the needs of mo...
Hey OCWEN…You Are Short Sale Busted!
Monday, November 08
Florida-based Ocwen Financial Services painted itself as quite the caring and concerned company when a profile ran about it in a Florida newspaper earlier this year. This publicly traded company that manages and services residential and commercial mortgage loans, has approximately 350,000 mor...
Building Buyer Incentives Into Your Exit Strategy
Friday, November 05
Need to unload a property sooner rather later to avoid holding costs? Or are you representing a seller that needs to unload a property and needs a competitive edge? Condition and price are always deal breakers. Clean-up, finishing details, and staging can take a property up several market...
7 Million Homes in Shadow Inventory Will Take 40 Months to Clear
Thursday, November 04
Global rating company Fitch Ratings has released its figures about the amount of shadow inventory in existence. It estimates 7 million homes make up the shadow inventory. Based on the current liquidation trends, an inventory of this size will take 40+ months to clear. That’s nearly three and ...
Case Study: Road Bumps in Unexpected Places
Tuesday, November 02
We were able to successfully complete the following short sale in a little less than three months, but it was not without a lot of hard work and a few bumps in the road. Property/owner details Owner-occupied, single family property in which the seller has experienced significant income cur...