Robert Kearney's (rekblog) Blog

Since 2006, when we formalized our years of informal lending experience into our loan fund, we have made loans all over our great state of Colorado. It’s really fun and our serious investor borrowers value our insight and ability to understand their complex real estate transactions to fund their ...

Abbey Mortgage Announces recent Fix and Flip Loans: Rapid Funding Available   Fix and Flip Loans remain a popular financing vehicle for investors to acquire, rehabilitate and resell existing homes. We have recently closed the following Fix and Flip Loans:   $155,000  - Arvada   $105,000 – North D...

Troubled Local Banks are Desperate for Cash   Ok, you  are an investor and you may be calling on local banks to see what they have in their portfolio that may interest you. You are fishing for distressed properties from the most distressed sellers in town.   It’s completely natural to think to yo...

The Government Housing Finance Cartel – FNMA, FHLMC and FHA - want Stable to Slightly Rising Prices, So Be It!   I have argued in prior posts that the Government has created a Housing Cartel which controls the rate at which foreclosed or seriously delinquent homes are liquidated and the requireme...

Chapter 7: The Bottom Line is Uncertainty   Many years ago I learned the difference between Risk and Uncertainty. Here’s my take. Risk is the probability of drawing to an inside straight in poker, or rolling 7 in a game of craps. You know the odds and either you win or you lose.   Uncertainty mak...

Chapter 6: Now What - Denver and Colorado Investors Can Beat the Cartel!   For fix and flip investors, who take virtually unsalable homes, make them new again for consumers and sell them, the last couple of years has presented a challenging environment. The cartel is withholding properties from t...

Chapter 5: Big Banks and the Government are Broke   Face it, the Federal Government has effectively nationalized the housing finance industry. This is true for new loans and for how FNMA, FHLMC and FHA are liquidating their foreclosures and negotiating short sales. The government has acted to mak...

Chapter 4: Upside Down Housing Pie   Upside down housing pie is about as tasty as eating humble pie, yuk! If you owe more than your house is worth on the Denver market today, you are eating “Upside Down Housing Pie” every month when you make your mortgage payment – making a payment on a loan that...

Chapter 3: Distressing News about Distressed Sales and Foreclosures!   According to CoreLogic’s December statistics for Colorado, December 2011 delivered 1,870 short sales and bank real estate liquidations (applause!). However, December 2011 had 2,130 completed foreclosures, 260 more foreclosures...

Chapter 2: 3 Legged Stools Work in Real Estate, too!     The current market in Colorado and nationwide relies on this basic stool. The first leg is Distressed Sales v. Foreclosures; the second leg is the folks who owe more than their home is worth; and, the final leg is the rate at which the Gove...