Month: April 2018

The Booming Business of Foreclosure Cleanouts

When a bank forecloses on a home, they may also be responsible for possessions or trash the former owner leaves behind. Usually, a bank will hire a contractor to take care of the cleanout. Foreclosure cleanouts can be a lucrative business with some contractors earning between $500 and $2,500 per property.

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1 year ago

How Asset Management Companies Work

(Real Estate Owned) REO refers to properties that have been foreclosed by a bank. If a property is not sold at a foreclosure sale, the bank may contract an REO asset management company in order to sell the home at market value to a real estate investor.

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1 year ago

Becoming An Approved REO Asset Management Vendor

Asset management contractors are responsible for maintaining foreclosed properties for banks and property preservation companies. Contractors may work independently or for a property asset management firm.

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1 year ago

Financing Foreclosure Investments

When it comes to financing investments in foreclosure properties, there are several options open to buyers. These include the following:

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1 year ago

What Is Foreclosure?

Foreclosure, the sale of property at auction to cover an outstanding mortgage debt, is rarely a straightforward process. Homeowners who enter foreclosure will receive a series of notices and opportunities to rectify the situation before a foreclosure becomes final.

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1 year ago

Foreclosure Investment Success Stories

Though investing in foreclosure properties can be a risky venture, seasoned investors with solid financial backing can do quite well in the foreclosure investment market. Here are just a few success stories from the frontlines of foreclosure investing:

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1 year ago

How to Become a  REO Vendor for a Bank

Foreclosure properties are often purchased by the bank at auction if the asking price is not met. For banks, the responsibility of maintaining or rehabbing a property in order to sell it quickly is key, therefore they depend on outside vendors to provide maintenance and renovation services.

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1 year ago

Investing in Distressed Real Estate

There are significant differences between investing in retail real estate and distressed real estate. In order to make successful investments, it is necessary for investors to understand the basics. The following steps will help you make smart investment choices:

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1 year ago

Finding Foreclosure Deals

Foreclosure properties are often sold at below market values yet investors should be aware that homes can have liens or mortgages attached to them. Therefore, it is essential that when investors are looking for foreclosure deals, they gather as much information as possible about the property in question.

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1 year ago

Moving on From Foreclosure

One of the hardest steps in the foreclosure process is relinquishing your property after foreclosure. Not only because you may be letting go of a prized possession, but also because you must find alternate housing, which can be difficult with less than good credit.

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1 year ago
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