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15 January 2009 | 2 replies
In other words, take the lease, any notices you presented to the tenant, any evidence you have, etc.
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7 February 2010 | 9 replies
Most of the time lenders will not agree to them especially in the investor scenario where your seeking a large discount.In Fannie, Freddie, and Ginnie loans, they will not pay them either.
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29 October 2011 | 11 replies
Its a Fannie Mae foreclosure.
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17 February 2009 | 11 replies
A closer look allows you:1) To confirm if the house is vacant2) You will start to see some houses with REO letters (bank owned), I avoid, lock boxes (means someone has an interest in the property already) avoid, Tenant eviction notice (has landlords contact info and they will be motivated), foreclosure notices etc.3) You will get a chance to network since you are out of the car- you will meet neighbors, where you can get the story on the house, contractors (mowers, handymen etc. which can give you info on the house as well as several others)4) You get to understand the condition of the property by seeing it up close.Driving your farm are in my opinion is highly recommended at least once a month (a lot happens in a neighborhood in a month), but is still one out of the 10 or more you should regularly doing to find these properties.Personally I feel there is a moral obligation if I am going to put a property under contract that I have the intention of closing it myself if I can not find a buyer.
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25 January 2009 | 19 replies
I notice it in al the short sales we do.
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3 June 2010 | 31 replies
So where exactly does Freddie Mac and Fannie Mae come into the picture?
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4 February 2009 | 8 replies
The sad news is these houses are actually owned by Freddie Mac, Fannie Mae, AIG, Bank of America and Morgan Stanley.And each house will soon qualify for a $500,000 rehab courtesy of the BAILOUT.
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26 January 2009 | 0 replies
Does anyone know of any cheap list providers that offer the pre-notices like this?
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18 February 2009 | 10 replies
We regrouped and then got slammed by the Fannie/Freddie changes.
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28 November 2009 | 29 replies
I gave up my RE agent license because it was a detriment to working notices of default or pre-foreclosures.