Making Sense of Distressed Property Deals
July 3, 2010 by admin
Filed under Foreclosures, REI Blog
If you are in the market for a home, you may see lots of them listed as “REO” or “shortsales” or “foreclosures.” You may have even seen notices of Trustee Auctions. The best way to make sense of these “distressed” properties is to understand:
1) What each term means.
2) Who the current owner is
3) What [...]
10 Indicators of Problems in Foreclosed Home
May 24, 2010 by admin
Filed under Foreclosures, REI Blog
Investing in foreclosed and vacant homes can provide you with a huge reward, however, these homes also come with a huge risk. Years of neglect leave you with a ton of problems many which you may not event see in your visual inspection.