Many people are not interested in remodeling real
estate foreclosures because it involves a lot of repair costs.
Not exact matches
This Cash FIREhose is a more risky investment,
because if the real
estate market turns south, these investors may be unable to pay these loans, and property values could fall to a point where it is not possible to recover all of the principal in a
foreclosure sale.
Some might think it's risky to invest in real
estate or
foreclosures right now
because of the bubble burst, but now is by far the best time in history.
The national housing market may reach bottom in the first half of 2011, but probably not before then
because of a growing number of
foreclosure sales, according to the Zillow Real
Estate Markets Report released today.
Because of this
foreclosure houses are now becoming the prime interest of both home buyers and real
estate investors.
Short sales help buyers, sellers, and banks in this economy
because the property is being transferred with a buyer getting a good deal; a seller obtaining a final resolution; and the bank being able to shut the door on a home loan without having to deal with
foreclosure and all its complications (legal fees, real
estate maintenance, etc.).
REO (Real
Estate Owned) are properties currently owned by lenders & banks,
because the borrower defaulted on the loan, and the lender took them back by
foreclosure.
This is not just
because they will have better access to available listings, but also
because foreclosure transactions are very different from conventional real
estate sales.
This is the kind of creative, out of the book thinking that more banks need to adopt —
because it is this kind of team effort that can save many Florida homeowners from
foreclosure, save our economy, and maybe save some banks from those bulging REO (real
estate owned) shadow inventories.
Sarah Hi there I go to realtor.com I also go to real
estate agents
because they are the first to hear my second short sale was listed in the paper the price was low and the add said subject to bank approval so that generally means there is either a
foreclosure in the works or a short sale may be possible.