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Articles from Joseph B. Smith | Selfgrowth.com
- Distressed Houses: The Art of Repair and Resale - by Submitted on Dec 23, 2010 from Joseph B. SmithMany are lured into thinking that it flipping distressed houses only involves simple work. The truth is, there are things that you should know first in order to be successful at this business. While it is true that a house flip venture generally involves repairing the house and reselling it, ...
Views: 515(1 vote) - Properties From Foreclosure Lists: Identifying The Good Buys - by Submitted on Dec 23, 2010 from Joseph B. SmithWhen you are viewing properties from foreclosure lists for the first time, you will find that it is very difficult to stay focused with the sheer huge amount of information and property choices available in such lists. It then becomes more important for you to devise a strategy that will help ...
Views: 445(1 vote) - Orlando Foreclosures for Sale: Putting it Out There for Buyers - by Submitted on Dec 23, 2010 from Joseph B. SmithThere are ways to ensure that buyers of Orlando foreclosures for sale eye your property or set of properties and target them for purchase. The Information Superhighway You can stand out from the rest by putting your home listings on the Internet. These days everybody is online and buying ...
Views: 448(1 vote) - Foreclosed Homes On Sale: Top Things You Should Be Aware Of - by Submitted on Dec 23, 2010 from Joseph B. SmithForeclosed homes on sale are expected to reflect the fall in the prices of foreclosed properties due to a variety of reasons. The economic downturn had caused home prices to fall and this could be throwing temptations at buyers to grab bargains from the housing market. However, if you look at ...
Views: 443(1 vote) - Rockford Foreclosed Homes: Defining a Criteria - by Submitted on Dec 17, 2010 from Joseph B. SmithForeclosure investing is a serious business. For this reason, successful investors have developed their own tools of the trade, strategies, tactics and techniques that they use to gain advantage in a very competitive investing environment. One of the most important thing that you should do as an ...
Views: 454(1 vote) - Foreclosed Homes Auctions: Tips and Pitfalls - by Submitted on Dec 22, 2010 from Joseph B. SmithMany buyers still bid at foreclosed homes auctions despite not being able to inspect the property beforehand because they can rationalize that the low price of the home would leave them enough funds for repairs. There is also the problem of eviction if the former owner refuses to move out after ...
Views: 466(1 vote) - Foreclosure Listings: Tools For Success - by Submitted on Dec 16, 2010 from Joseph B. SmithIf you are still wondering why real estate investors exert much effort into finding the best foreclosure listings, then you should know that they are just about the most powerful tools that one can have in order to succeed in foreclosure investing. Without them, a buyer or an investor will be ...
Views: 531(1 vote) - Understanding What A Bank REO Property Is - by Submitted on Dec 21, 2010 from Joseph B. SmithHave you ever wondered why and how a property is called a bank reo property? REO actually stands for real-estate-owned and is used to designate properties that have reverted to the bank’s or lender’s ownership. A borrower could have defaulted on his loan, causing a foreclosure action to be filed ...
Views: 479(1 vote) - A Method to a Fruitful Foreclosed Home Search - by Submitted on Nov 25, 2010 from Joseph B. SmithA foreclosed home search can be approached with a good method that can relieve some of the attendant stress and pressure that comes with a disorganized method. The first thing to consider is your objective for purchasing foreclosed property. Some of the reasons maybe to purchase your first home ...
Views: 463(3 votes) - A Method to a Fruitful Foreclosed Home Search - by Submitted on Nov 25, 2010 from Joseph B. SmithA foreclosed home search can be approached with a good method that can relieve some of the attendant stress and pressure that comes with a disorganized method. The first thing to consider is your objective for purchasing foreclosed property. Some of the reasons maybe to purchase your first home ...
Views: 446(3 votes) - Ways of Searching for Foreclosure Listing Properties - by Submitted on Nov 25, 2010 from Joseph B. SmithSeekers of great deals are aware that they can find the most ideal foreclosure listing properties that will suit their taste and their budget with some serious research. But sometimes some people tend to get lost in a maze of foreclosed properties and do not know how to make sense of the huge ...
Views: 486(3 votes) - Building Personal Wealth with Bank Owned Properties - by Submitted on Nov 18, 2010 from Joseph B. SmithBank owned properties are also known as real estate owned homes. They are sold as is but at greatly discounted rates. Most banks have an inventory of foreclosed homes that they consider non-performing assets. The pressure is high on them to sell these homes as fast as possible as they bear down ...
Views: 455(5 votes) - Why Are Foreclosed Homes Ideal for Everyone? - by Submitted on Jun 07, 2012 from Joseph B. SmithWhether you are on the market for a first home, a second home or just additional property to boost your wealth, you can find tons of foreclosed homes that are in good condition in addition to being affordable. Many people have already successfully purchased their dream home while others have ...
Views: 495(4 votes) - Competitive Participation at Foreclosed Properties Auction - by Submitted on Nov 16, 2010 from Joseph B. SmithThere are some things to keep in mind if you want to be ahead in a foreclosed properties auction. For starters these homes are all sold as is. They are also cash sales so buyers need to be able to make payment in a short span of time. Buyers at auctions do not have the opportunity to conduct a ...
Views: 540(5 votes) - The Essence of Bank Foreclosed Property - by Submitted on Nov 08, 2010 from Joseph B. SmithA bank foreclosed property is offered back to the market with a significant price mark down making it possible for property investors or home buyers. When home owners renege on their home loan, their lender will issue a notice of default indicating a time frame for borrowers to pay their ...
Views: 536(5 votes) - Why Throw Money on Rent When You Can Own Foreclosed Homes? - by Submitted on Jun 07, 2012 from Joseph B. SmithWith the volume of foreclosed homes sitting in the market and waiting for buyers, most anyone can be an instant home owner at quite easy terms. The housing crisis has created a buyer's market where sellers are willing to go the extra length to secure a purchase. There are several incentives and ...
Views: 498(5 votes) - Bank Foreclosures in Colorado Springs: Making Your Investment Count - by Submitted on Nov 09, 2010 from Joseph B. SmithWhen buyers are flocking to already home auctions, a better option would be bank foreclosures in Colorado Springs. There are several banks in the city offering a slew of foreclosed homes of all types and sizes. Buyers have a wide choice among family homes, condos, townhouse plans, apartments and ...
Views: 655(4 votes) - Why Should Your Invest in Bank Foreclosed Properties? - by Submitted on Jun 07, 2012 from Joseph B. SmithBank foreclosed properties are not just for real estate investors who are in the habit of buying homes in clusters for maximum discounts. First-time home owners can also benefit from these distressed properties as offers instant equity at very reasonable terms. Others also purchase foreclosures ...
Views: 520(4 votes) - Safeguarding Your Investment in Foreclosure Homes - by Submitted on Nov 04, 2010 from Joseph B. SmithMany people are jumping in the bandwagon of buying foreclosure homes without a safety net and they end up with a burdensome mortgage on a run down property. The best way to secure your investment in distressed homes is to arm yourself with good research and timely information to make the right ...
Views: 485(4 votes) - Homes in Foreclosure Listings Are the Cheapest in the Market - by Submitted on Jun 07, 2012 from Joseph B. SmithA home is always on the top of the list of people planning for the future but this time they can do more than plan as there are affordable homes in foreclosure listings which they can buy now. Foreclosed homes are ideal for average income families who are still throwing away their resources from ...
Views: 454(4 votes) - Sale of Foreclosure Homes - by Submitted on Oct 29, 2010 from Joseph B. SmithThere are various ways that a sale of foreclosure homes take place. Each of these types of sale come with their own share of advantages and drawbacks. But a common denominator in all these foreclosures is that they can be purchased for only a fraction of its real market value. The risks involved ...
Views: 480(4 votes) - The Ease of Buying Bank Foreclosures - by Submitted on Nov 02, 2010 from Joseph B. SmithBuying bank foreclosures is a common enough exercise for seasoned property investors and is likewise a preferred mode of new buyers acquiring their first home. These properties are all bank owned by virtue of foreclosure. Apart from the perks and incentives offered by banks to encourage buyers, ...
Views: 593(4 votes) - How to Prepare for Auctions of Foreclosed Homes - by Submitted on Jun 07, 2012 from Joseph B. SmithComing to auctions of foreclosed homes unprepared is a definite recipe for disaster. The most important thing to bring with you is the knowledge about the home being auctioned off and your own budget of just how far you are willing to go in the bidding. Would-be participants should also be ...
Views: 540(4 votes) - What to Make of Repo Property Auctions - by Submitted on Nov 01, 2010 from Joseph B. SmithRepo property auctions take place at the conclusion of the foreclosure proceedings. Announcements are posted on the county courthouse and published in newspapers. Real estate brokers and agents would also have information on dates and venues of these auctions. These repo property auctions ...
Views: 537(4 votes) - Why Are Fixer Upper Homes Popular - by Submitted on Jun 07, 2012 from Joseph B. SmithFixer upper homes would have to be the most affordable form of foreclosures due to their run down condition. But they are very popular among buyers who are inclined to fixing thing and creating pet project. These homes can be found in the same way other foreclosures are found. In bank listings, ...
Views: 597(4 votes) - The Fundamentals of Foreclosure Sales - by Submitted on Oct 28, 2010 from Joseph B. SmithForeclosure sales are the outcome of a foreclosures proceeding, a legal procedure where mortgage lenders repossess the homes of their debtors after the latter fails to meet their monthly obligations. After the foreclosure is made final, the homes are sold at auction usually at the steps of the ...
Views: 523(4 votes) - Determining the Offer Price for Foreclosed Home Listings Properties - by Submitted on Oct 28, 2010 from Joseph B. SmithA buyer who has selected the properties he is interested in from foreclosed home listings will soon have to tackle the concern of making an offer for these properties. Since foreclosed dwellings are available at very low prices, it is to be expected that a lot of other buyers are interested in ...
Views: 677(4 votes)