Real Estate 30 cents on the dollar?
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Buy Real Estate 30 CENTS ON THE DOLLAR !!BUY REAL ESTATE 30 CENTS ON THE DOLLAR
My Take in Bulk REO ( Real Estate Owned) purchases from BANKS
There has always been institutional buyers of Bulk REO Portfolio's in the past. They negotiate with banks directly and receive substantial discounts when they purchase REO packages sometimes paying as little as 50 cents on the dollar. The reason for this is because they have the capital and resources to purchase Bulk REO Packages of $10 million dollars ands sometimes more per transaction. Banks holding these foreclosures in their... continue reading >>
Great News For Short Sales
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Great News For Short SalesTax implications for the borrower was very significant that a short sale would not be in the borrower’s best interest. Before a short sale was contemplated in 2007, I strongly recommended that the borrower seek the advice of a professional tax advisor.
Generally speaking, any relief of indebtedness was supposed to be included in the sellers gross income for the tax year.
The great news is that as of January 4th, 2008 Congress and the President pass into law that a short sale will not be liability for the seller period. Read It Here
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The PERFECT STORM
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The Perfect StormThe PERFECT STORM
Converting your home to investment Property
What a concept!
What a great opportunity to do just that in these market conditions.
If you are ready for a larger property and would like to take advantage of the low interest rates but HATE selling your home at its current value
The perfect storm has finally arrived. .
Purchase a new home as a Primary residence therefore qualifying you as owner-occupied housing. This will immediately reduce your acquiring expenses requiring for you to come up with LESS down payment and qualifying for Lower Interest rates
Keep... continue reading >>