Articles
What’s the difference between foreclosure homes and Real Estate Owned (REO) homes?
Simply put, a home goes into foreclosure when the home owner can’t pay the mortgage lender back for the home loan. When this happens, the lender attempts to sell the home in a foreclosure auction.
During the auction, the minimum bid must include the amount of the outstanding loan, the accrued interest, attorney fees, and any [...]
Is The Housing Market Healing?
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It seems like it has been a very long time since we heard any good news about the housing market. For years, the real estate market has been suffering and homeowners have been suffering along with it. However, we’re finally starting to see a glimmer of hope on the horizon. There are indications [...]
Read Article ›Putting a Green Spin on your Foreclosure Purchase
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The housing market is ripe for you to finally buy a new home. Prices are right. Bank foreclosures are plentiful. Assistance with mortgage payments and availability of tax credits mean that you should be able to afford the new home of your dreams. But what if your dreams include for your home to [...]
Read Article ›A Worthy Surplus: Buy an REO and Use the Rest of Your Funds for Remodeling
There is no doubt that it’s a buyer’s market. With the real estate industry still burst and the general economy still in the grips of a nerve-racking recession, there are tons of properties on the market and a limited number of people in a position to buy. This means if you’ve got the capital of [...]
Read Article ›No Reason for First Time Buyers to Shy Away From REO Homes
Buying your first home is daunting and takes a lot of homework. Use the knowledge you gather to get a great deal on a bank owned home.
Every new experience comes with a certain amount of trepidation. Things like your first day of school, or the first time you take your parent’s car out [...]
Read Article ›Things to Include in Your Homebuying Wishlist
The real estate industry has been in a really unusual state the past few years. Flipping houses, bank foreclosures, and bank owned homes are all things that have entered into the mainstream vernacular in ways that have nary been seen previously. It has been a seller’s nightmare in many cases and a buyer’s dream in [...]
Read Article ›The Terminology of the REO Market
When someone decides to purchase a home, especially for the first time or in a new way, they are often confronted with a vocabulary totally alien to them. Like any other industry or business, real estate has its own terminology and those who work in the field somewhat unconsciously take it for granted that not [...]
Read Article ›MLS Bargain Hunting: Tips and Tricks (Part 1)
After three years of chasing REO properties on the MLS, I’ve managed to pick up a couple of tips and tricks that I thought I would share with you over the course of the next few weeks. I realize that not all MLS systems are created equal, so your mileage may vary, but hopefully you [...]
This Article is Copyright © 2004-2010 BiggerPockets, Inc. All Rights Reserved.
MLS Bargain Hunting: Tips and Tricks (Part 1)
Read Article ›The Great Canadian Real Estate Opportunity
I’m honoured to be a part of the BiggerPockets team of excellent contributors. And no, my dear US readers, that is not a typo. In Canada we spell things a little different. Favour, honour, and labour are all spelled with a “u. And that is just a few of the things we do a little [...]
This Article is Copyright © 2004-2010 BiggerPockets, Inc. All Rights Reserved.
The Great Canadian Real Estate Opportunity
Read Article ›Real Estate Investing: Specialize or Die
Whether you are just starting to dip your toes into the ocean that is real estate, or are free diving in the great blue yonder, you need to be aware of the rules that govern your ability to maximize your success. You have most likely heard that there are countless ways to become profitable within [...]
This Article is Copyright © 2004-2010 BiggerPockets, Inc. All Rights Reserved.
Real Estate Investing: Specialize or Die
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