Foreclosure and Short Sale Investing - a Trend for the Near Future

As Paul Harvey would say, "and here is the rest of the story" Most BPO agents will not reveal the value that was submitted to the lender but if you wait two to three days and contact the BPO agent to check if they need anything else, sometimes you can get a number. If you do you will be able to h...

The BPO agent or appraiser has showed up and you were there to greet him. If the owner is going to be present during the BPO make sure that they keep a low profile and stay inconspicuous. You also need to coach your Seller that if the BPO agent contacts them directly to get access, the Seller sh...

The Home Equity Theft Reporter: "For Profit" Foreclosure Rescue To Be A Felony, Says Proposed Virginia Statute This article shows what happens when enough people do not conduct their business ethically and leagally at all times. Foreclosure investing done right makes plenty of money. There is no ...

This has been a really strange week.  My partner and I have been really busy and as a result I have neglected my blog.  For this I apologize.  We have been busy with some really good REO deals and the reason I am writing this post is to see if any of my readers out there may have some money they ...

As I mentioned in the previous post, you should arrive about 15 minutes before the person who is going to do your BPO. There are several reasons for this. First, you don’t want to keep them waiting for you and you don't want them going through the property by themselves, particularly if the selle...

Well enough of Chicken Little. I do love to digress from time to time. Influencing the BPO is the single most important factor in getting your short sale accepted. As a professional real estate investor, you must meet the appraiser or broker at the property. You need to learn how to manage the ap...

In the last four to five years the mortgage industry has done a phenomenal job removing a huge percentage of the equity from the American housing market and converted it into three things.  Vast amounts of cash, a huge quantity of very poorly underwritten loans and an enormous number of relativel...

Chicken Little said the sky is falling. George Bush said things are great. Ben Bernanke isn’t sure whether things are great so keeps lowering interest rates. Your friendly banker knows things are not great. Your above average Foreclosure/Short Sale Investor is buying foreclosure properties at pri...

BPO? what language is that.  Actually it stands for Broker Price Opinion and it is the key to foreclosure investors successfully completing a short sale.  Of all the pieces in the short sale puzzle, the BPO is one of the most critical to the foreclosure investor.  It will usually determine your s...

We made it.  Its 2008 and the holidays are over.  Time to get going again and make this year the best and most prosperous yet.Remember all those people that told you to get back to them after the holidays.  Now is the time to do it.  Make a list of each and everyone and call them back. Get your m...