Working the Foreclosure Market to Find Your Perfect Home

The Foreclosure Market

The market is being bombarded weekly with new foreclosures in every area in the USA, including Mammoth Lakes, California. How can you find them? Simple, contact your local foreclosure agent in your area and ask them to send you daily listings that meet your criteria, don’t be vague, be as detailed as possible and within a realistic price range. In other words if you qualify for a $350,000 loan don’t focus on $1,000,000 custom homes, odds are you will never get an offer accepted. Also be specific … [Read more...]

3 Keys To Foreclosure Investing in Mammoth Lakes

Foreclosure Investing

If you are interested in a way to get involved in Mammoth real estate you could look into foreclosure investing. Investing in foreclosures is not like the typical real estate transaction between buyer and seller, there are specific details, that as a buyer, you must be aware of. By learning the ins and outs of foreclosure investing, will help you make the best judgments when looking for a piece of real estate in Mammoth Lakes to purchase. The first thing that you need when investing in … [Read more...]

Common Foreclosure Terms and Definitions

Foreclosure Terms

Talking about foreclosure real estate can be hard enough without even entering the market. That's because foreclosures tend to have a language of their own, employing many obscure words originating in government housing legislation and real estate law. Without a background in these areas, prospective investors and buyers will not be able to decipher even the simplest foreclosure contract. This article lists some of the more common foreclosure terms as a reference for people interested in this … [Read more...]

Why Buy An REO Property?

Why Buy An REO Property

An REO property is real estate owned by the bank, and many investors consider an REO property to be money just waiting to happen. An REO is different from a foreclosure property in that the bank has already tried to sell it at a foreclosure auction and has had no luck getting bids. Because the property was not bid on, the bank then became the owner of the property. Naturally, the bank does not want to keep the REO property any longer than possible, and this makes it a great opportunity for an … [Read more...]

Foreclosure Opportunities and Buying Bank Owned Properties

Foreclosure Opportunities

Where do most investors turn to when they seek bank owned properties and foreclosure opportunities? Sure, they take a look at free foreclosure listings or may even pay for sources of foreclosure listings in their target area. While these sources may lead to productive and profitable deals, they also require extensive research and knowledge of the market in order for an investor to tap into these foreclosure opportunities. What other options do investors have? Well, in today’s market, more and … [Read more...]

15 Recommendations For A Successful REO Foreclosure Transaction

15 Recommendations REO Foreclosure Transaction

There are several differences between real estate transactions of a bank owned REO property and a non bank owned property. When considering the purchase of an REO foreclosure, also referred to as bank owned real estate, there are simple instructions to follow for a successful transaction for all parties involved, including the Listing Agent, Buyers Agent, Asset Management Company, and the Buyer. These 15 recommendations are designed to assist you in understanding the expectations involved in … [Read more...]

Guidelines for REO Offers and Escrows

REO Guidelines

These informational guidelines are for the REO purchasing process. They are not intended to be a binding agreement of any kind. The information contained herein is designed to create an informed Selling Agent and (potential) Buyer and reduce stress and ill feelings on all parties in the transaction including Buyer, Agents, and Asset Managers. Reality of submitting offers on REO properties. While we are legally obligated to submit all offers until there is an acceptance of one (no … [Read more...]

Finding the Best Deals on Foreclosed Property Listings

Best Deals On Foreclosed Property Listings

Everyone wants to save on real estate and find the best deals on foreclosed property listings. The problem is, many people simply don't know how, or where to actually find those elusive savings. When you're buying on the open market, it can be truly difficult to come across unusually good deals. You might be able to win a home with a lower bid through a real estate agent, but if you're really looking for savings that will create lots of initial savings and maximum potential investment value, you … [Read more...]

Benefits of Investing in Foreclosed Real Estate

Investing in Foreclosed Real Estate

Investing in foreclosed real estate can be a highly lucrative investment option, and at the same time, purchasing foreclosed properties can be a great experience if you give enough time to educate yourself on the complexities of buying foreclosures in your local area or desired community. Home buyers looking for foreclosed homes, have the opportunity to buy homes at prices below market price, however it is important to understand the pros and cons of buying foreclosed properties. For home … [Read more...]

Buying Foreclosures in Mammoth Lakes and the Eastern Sierra Communities

Buying Foreclosures in Mammoth Lakes

Interested in buying foreclosures in Mammoth Lakes? If you're looking for someone who can help you find the best deals available on all kinds of vacant land, condos, houses and residential real estate, turn to an agent or broker that specializes in foreclosures, short sales, and auction properties. Our knowledge of the local market will help you locate foreclosures in Mammoth Lakes and the Eastern Sierra communities that will amaze you! These properties are available throughout Inyo and Mono … [Read more...]

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