Category — Nationwide Bulk REO Investments

The first time home buyer tax credit is a welcome stimulus to the Minneapolis real estate market, but it is only a half-measure because it does not help home buyers who have no savings to come up with cash needed to close.

Shaun Donovan, secretary of HUD (U.S. Housing and Urban Development) has declared that FHA is going to permit its lenders to allow first time home buyers to use the $8,000 tax credit as a down payment. [Read more →]

Bank REOs in Declining Markets

For sale, I have a portfolio of Bank REOs in Detroit consisting of 100 properties for $1M. This equates to $10K per REO and for investors this a great opportunity to turn a profit, as the stock market is not performing. There is also a lot of potential to help improve major cities facing economic distress.

Bank REOs in major cities with [Read more →]

Investment groups, hedge funds, and individuals are capitalizing by purchasing REOs through their local realtors at discounted rates. In order to reap the potential benefits, they endure a lot of hardships such as waiting for individual REO offers to be countered, rejected, or not responded to at all after completing a [Read more →]

The cliché “This is a great time to buy” has taken on a new meaning for some investors. Purchasing REOs (also known as real estate owned, by a bank or lender as a result of foreclosure) is becoming very popular and lucrative business for investors. However, there is some confusion about the pricing of Bulk REO purchases.

Banks are receiving on average [Read more →]