An agent I know was brand new and needed to make some money fast. She started by asking other agents in her office for ideas. The REO agents interested her the most but claimed the work was dirty and can sometimes be dangerous. But if she was interested in REO she was told she should … More Inexperienced Real Estate Agents break into REO work
Today my most interesting call was from a short sale seller who wanted to know what would happen if he didn’t pay his real estate taxes. He had listed his property for sale and was seeking a buyer for his short sale. He had no money to pay his taxes and he did not have … More Should I pay my taxes in a Short Sale
The tax on capital gains directly affects investment decisions, the mobility and flow of risk capital…. the ease or difficulty experienced by new ventures in obtaining capital, and thereby the strength and potential for growth in the economy – John F. Kennedy The paradox of establishing financial plans that can exploit future gains and current … More ARE CAPITAL GAINS ENDANGERED – Projecting the future
Properties with Foreclosure Filings Rate Rank State Name NOD LIS NTS NFS REO Total 1/every X HU (rate) %? from Q4 2010 %? from Q1 2010 — U.S. 97,901 99,211 216,867 52,128 215,046 681,153 191 -14.76 -26.93 33 Alabama 0 0 2,883 0 2,687 5,570 392 -11.50 -14.91 31 Alaska 0 0 491 … More U.S. Foreclosure Market Data by State
Q1 2011 U.S. Metro Foreclosure Market Data Rate Rank Metro Name Properties with Filings %Housing Units 1/every X HU %? from Q4 2010 %? from Q1 2010 — U.S. Total 681,153 0.52 191 -14.76 -26.93 1 Las Vegas-Paradise, NV 26,275 3.21 31 -11.54 -7.74 2 Modesto, CA 3,809 2.17 46 -9.52 … More 2011 U.S. Metro Foreclosure Market Data
With 168,543 properties with a foreclosure filing, California accounted for nearly 25 percent of U.S. foreclosure activity in the first quarter. Florida accounted for nearly 9 percent of U.S. foreclosure activity, documenting 58,322 properties with a foreclosure filing during the quarter, followed by Arizona, with 46,047 properties with foreclosure filings — nearly 7 percent of … More Top Foreclosure Activity
We received an interesting call today from a client who is requesting assistance with her short sale and also trying to purchase a new property with a loan. My initial reaction was – How could she short sale her property with her current mortgage company and expect a lender to lend on the new purchase … More Can I buy a home while negotiating a Short Sale on my current home?
Illinois Top Foreclosure Cities Chicago Aurora Rockford Elgin Joliet Highest Chicago Foreclosure Zip Codes (April) 60629 60623 60628 60619 April: Available Foreclosures in Illinois – 101,293 No. of Sales – 5,889 Foreclosure Median Sales Price – $150,000 NATIONWIDE April: Available Foreclosures – 1,760,504 No. of Sales – 187,510 Foreclosure Median Sales Price – $160,000 Statistics Courtesy … More Latest Foreclosure Statistics
A BPO, or Broker Priced Opinion, is a tool used by mortgage lenders, banks and others to value a property in the current market. In cases where a lender is considering a foreclosure or short sale, the lender will order a BPO. This allows them to get a reliable estimate of the current value of … More What is a BPO?