Banks, Real Estate Commissions, & The Rico Act
Q: Does routine forced reduction of Realtor short sale commissions by Banksamount to a form of extortion that falls under the RICO ACT?
Suppose we have a small group of powerful bosses whose names, bycoincidence, all end in a vowel (Fargo, Chase, B of A, etc).They target a small class of defenseless business people (Realtors) in [...]
Debunking the Boom or Bust Myth
If you think youâve missed the real estate boom and that itâs too late for you, itâs true. If you think there are opportunities in real estate regardless of market conditions and that youâre entering at just the right time, itâs true. Henry Ford stated it so well when he said âif you think you [...]
Buy a Short Sale for a Great Deal
If you have been looking at the real estate market, I’m sure you have noticed that many of the homes up for sale are advertised as short sale. Buying a home for under the amount that is owed on the real estate is called a “short sale.” In the current real estate market, there are [...]
Bank Foreclosed Homes for Sale: Profit Guaranteed
One of the most profitable real estate investments is buying bank foreclosed homes for sale. You are guaranteed of a maximized profit as you can get these homes at below market level prices and sell them later at much higher prices.
There are different types of foreclosure homes for sale. Most of them are owned by [...]
Short Sales, Bank Owned Properties (reos) and Standard Listings
Everyone says it is a Buyers Market and to Buy Now. Is that really so true if almost half or the majority of real estate sales are foreclosures, REOs and short sales. It seems to be more of a Bankers market.
SHORT SALES:Short Sales may be a great buying opportunity. The major complaint from people is [...]
Traps for the Unwary in Distressed Debt
Distressed debt, including real estate mortgages, are now attractive to many smart investors.
For example, John Paulson, who runs the $36 billion hedge fund firm Paulson & Co, is looking to buy distressed mortgages and distressed debt, despite being bearish on the overall economy, Bloomberg reported. Paulson wrote in a 2009 outlook to investors that he [...]
Short Sales, Bank Owned Properties (reos) and Standard Listings
Everyone says it is a Buyers Market and to Buy Now. Is that really so true if almost half or the majority of real estate sales are foreclosures, REOs and short sales. It seems to be more of a Bankers market.
SHORT SALES:Short Sales may be a great buying opportunity. The major complaint from people is [...]
Buy a Short Sale for a Great Deal
If you have been looking at the real estate market, I’m sure you have noticed that many of the homes up for sale are advertised as short sale. Buying a home for under the amount that is owed on the real estate is called a “short sale.” In the current real estate market, there are [...]
Buy a Short Sale for a Great Deal
If you have been looking at the real estate market, I’m sure you have noticed that many of the homes up for sale are advertised as short sale. Buying a home for under the amount that is owed on the real estate is called a “short sale.” In the current real estate market, there are [...]
Tips on How to Write a Short Sale Hardship Letter
A letter of hardship is a statement written by a debtor that main goal is to convince a bank or mortgage institution to agree to a short sale of an asset or property. A short sale is the sale of an asset or property for less than the value of mortgage or loan. This sale [...]
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