Got Foreclosure! - Blog

Will the Fed’s takeover of mortgage giants Fannie Mae and Freddie Mac help investors and home buyers?
Well, it might. The takeover is designed to shore up liquidity of the largest mortgage purchasers so that loan originators don’t get stuck with their newly originated loans.
In many cases, loan approval for qualified buyers was slow because loan [...]

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Here’s the latest from the doom-and-gloom media:
Analysts think the market will fall another 10-15%
So what? - If you can buy 30% below CURRENT Appraisal NOW?
There are two issues with the media’s approach as I see it:
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If you’ve read the latest figures of median home
price declines you are bound to draw the wrong
conclusions. Because media writers have no clue,
the statistics are in serious need of interpretation,
and the main stream press is trained to deliver
bad news because that’s what sells.
Need proof? Go read some of the comments that
are on mainstream real estate [...]

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Many properties are currently coming into our system that are bank owned. We actually get them BEFORE they hit the MLS. Sometimes we’re negotiating offers and closing deals long before anybody else even knows about the property…
Help us help you! If we know which property you’re looking to buy, we can approach our contacts specifically.
Do [...]

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The NAR and several high-profile broker advisors agree with my assessment of the difficulties surrounding short sales that involve listing or buyer’s agents.
A NAR committee is pondering changes in disclosure guidelines.
Meanwhile, broker advisor Jonathan Goodman reveals telling advise in an interview with Mark Eibner:
Jonathan Goodman: “I advice my real estate broker clients that they do [...]

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