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By: D.C. Fawcett

Let’s first cover what the definition of a short sale is.

A Short Sale is when the lender agrees to accept less than what’s owed on a mortgage that is secured by real estate.

Benefits to the Seller of the property

The seller wins by avoiding foreclosure by selling their home before the foreclosure auction even if they owe more than its worth.

If they were to sell the house the traditional way with a realtor without a short sale, typically they would... continue reading >>

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By: DC Fawcett

The opportunities that exist in the foreclosure niche are huge right now and they are continuing to grow at a rapid pace. This is spurred by the increase in foreclosures across the country being led by California and Florida. Focusing on home foreclosures allows you to work on Luxury Homes without the traditional Risk you would normally assume by qualifying and signing for a mortgage. A far better strategy than investing in hud homes.

In the Foreclosure Niche, you take control of... continue reading >>

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By: DC Fawcett

I get asked all the time by new real estate investors if investing in hud homes is a good strategy. I will be recap in this article what I tell them….

Hud homes as an investment is not a good strategy because when new investors think about buying bank foreclosures, they first place they think of is hud homes. This creates a lot of competition for these hud homes which creates more demand for the home foreclosures.

The increased demand drives up the price and new investors tend... continue reading >>

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By DC Fawcett

Tampa, FL - There has been a lot of talk in the media about the real estate investing market and the increasing number of bank foreclosures. The media is showing a negative outlook on the real estate market because they are saying that home sales are slow.

The general public believes this because during a downturn it takes longer to sell homes because there are more homes on the market. There are a lot of bank foreclosures and reo properties on the market which has added... continue reading >>

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By: DC Fawcett

In the first half of 2007, subprime loans made up 54 percent of the loans starting foreclosure. In the last half, subprime loans will make up 60 percent of the foreclosure starts. According to the Mortgage Bankers Association, subprime loans only represent 14 percent of all loans outstanding.

Most of the subprime loans are on the east and west coast, particularly south Florida and and southern California, but also New England and Texas. Most of the bank foreclosures are happening in the Midwest. So what does this tell us?

Preview:

By: DC Fawcett

The opportunities that exist in the foreclosure niche are huge right now and they are continuing to grow at a rapid pace. This is spurred by the increase in foreclosures across the country being led by California and Florida. Focusing on home foreclosures allows you to work on Luxury Homes without the traditional Risk you would normally assume by qualifying and signing for a mortgage. A far better strategy than investing in hud homes.

In the Foreclosure Niche, you take control of... continue reading >>