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Articles from Joseph B. Smith | Selfgrowth.com
- Considerations Before Investing In Bank Foreclosure Properties - by Submitted on Jan 13, 2011 from Joseph B. SmithWhen a homeowner defaults on his mortgage loan, the bank will send a notice of default to the homeowner. If the demand goes unheeded and the period given to the homeowner to make his payments current was ignored or has not been complied with, the bank will then send a notice of foreclosure ...
Views: 654(15 votes) - Foreclosures In California: Understanding Your Purchase Offer - by Submitted on Jan 12, 2011 from Joseph B. SmithBuying foreclosures in California involves several steps and this includes making a purchase offer. A purchase offer is not equivalent to a purchase, at least not yet, unless such has been accepted favorably by the seller of the property. In California, a purchase offer is not yet the last ...
Views: 439(2 votes) - Bank Foreclosure Listings Are What You Need to Get Ahead - by Submitted on Dec 23, 2010 from Joseph B. SmithMany real estate investors see bank foreclosure listings as a viable tool for turning great profits. These homes are offered for significant discounts and will virtually no risks. There are even real estate companies who purchase these homes at wholesale prices for even bigger discounts. With ...
Views: 446(1 vote) - Bank Owned Homes: Saving for the Rainy Days - by Submitted on Dec 23, 2010 from Joseph B. SmithThe continuing overspill of bank owned homes into the foreclosures market does not seem to have an end in sight. The market is dealing with low to moderate demand for these homes and this situation creates great opportunities for people who have the financial capability today to purchase a ...
Views: 561(1 vote) - Bank Owned Rentals: Why They Are A Good Idea - by Submitted on Jan 13, 2011 from Joseph B. SmithForeclosures happen when a homeowner is unable to pay mortgage for a certain period of time. A bank would usually reclaim a property and evict the owner form the home. And although there are foreclosed homes that are placed on sale, there are also bank rentals available for those who intend to ...
Views: 525(1 vote) - 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) - 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) - 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) - 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) - 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) - Get a Hold of Hot Miami Foreclosure Homes - by Submitted on Jan 13, 2011 from Joseph B. SmithMost buyers are highly confident about purchasing Miami foreclosure homes, and other similar properties. They think that these homes are priced at the most affordable tag possible, and are very easy to acquire. However, this is only a misconception and is not exactly how foreclosures ...
Views: 490(1 vote) - Listings of Bank-Owned Homes: Leveling the Playing Field - by Submitted on Dec 23, 2010 from Joseph B. SmithAnyone planning to purchase foreclosures should have listings of bank-owned homes to consult during their search. These lists will not only point buyers to the best deals on bank-owned properties they will also offer education and skills to turn a new investor to an expert. Most bank-owned ...
Views: 437(1 vote) - Locating The Finest Foreclosures in Florida - by Submitted on Dec 23, 2010 from Joseph B. SmithInvesting in Florida is a smart idea considering that the area is considered one of the best places to get a good bargain foreclosure from. Foreclosures in Florida are fine properties that every investor should consider buying. They have a wide array of cheap properties that will satisfy every ...
Views: 380(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) - 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) - 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) - The Curb Appeal for Foreclosed Homes for Sale Online - by Submitted on Dec 23, 2010 from Joseph B. SmithWe often hear “curb appeal” when marketing foreclosed homes for sale. For sellers this refers to how good the home has been prepared for viewing by prospective buyers. For the buyers on the other hand this can be deal clincher. In fact many buyers get really interested in a foreclosure after ...
Views: 703(1 vote) - 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) - The Secret To Buying Wells Fargo Foreclosures - by Submitted on Dec 23, 2010 from Joseph B. SmithEveryone is talking about how great it is to invest in foreclosure properties and the innumerable opportunities present in the market. But the truth is, it takes a little more than optimism to be successful in foreclosure investing. If you are planning to buy Wells Fargo foreclosures, then you ...
Views: 2501(1 vote) - Top Tips For Flipping Fixer Uppers For Sale - by Submitted on Dec 23, 2010 from Joseph B. SmithFixer uppers for sale are favorites of those who are in the house flip business and for good reason. The fact that they are hugely under priced makes them more attractive for potential buyers. This is because house flipping is essentially buying a cheap house and remodeling it to gain a large ...
Views: 523(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) - What Should You Check In Home Foreclosures For Sale - by Submitted on Jan 12, 2011 from Joseph B. SmithMany people are deeply encouraged to buy home foreclosures for sale. This fact is actually not surprising considering the huge amount of money that you can save from buying them. Investors love the idea of parting with so little of their money while the promise of a big profit return is high. ...
Views: 410(1 vote) - 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) - 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) - 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 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) - 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) - 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) - 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) - 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) - 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) - 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) - 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) - 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) - 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) - Recent Developments in Wells Fargo & Co. Foreclosures - by Submitted on Dec 23, 2010 from Joseph B. SmithWith the US investigators swooping in on the largest US banks including Wells Fargo & Co., many people are now wondering what this could mean for their mortgages and foreclosure problems. The entire real estate market has been plagued with allegations that US mortgage and loan servicers firms ...
Views: 510(1 vote) - Repossessed Houses: Preventing Your Home from Becoming One - by Submitted on Dec 23, 2010 from Joseph B. SmithHome loan lenders would rather restructure a loan than increase their inventory of repossessed houses. This is an advantage for a home any home owner who may have been hit by the economic downturn. Even if you are still not on dangerous ground in terms of your home mortgage loan you should be ...
Views: 486(1 vote) - Bank Owned Houses for First Time Homebuyers - by Submitted on Feb 05, 2011 from Joseph B. SmithSometimes, it can be quite scary to consider buying a house when your budget is limited. Even though how much you long to have a home you can call your own, the idea of buying one can be intimidating, especially that you hear about thousands of properties being foreclosed daily. But do you know ...
Views: 396 - A Dream Home Via Home Auctions in Wayne - by Submitted on Jan 19, 2011 from Joseph B. SmithWayne County in Michigan is one of the most populous counties in the United States. This is probably because of the diverse lifestyle in Wayne County. It is a place where you can have lots of opportunities for pleasure and education. This is definitely a place where you and your family can ...
Views: 470 - A Look at Bank Owned Properties - by Submitted on Mar 11, 2011 from Joseph B. SmithLately, bank owned properties have become very popular among investors since the homes that are being sold at public auctions are on negative equity, meaning their worth has been overtaken by the outstanding debt owed to the bank. The opening bid for these homes are typically pegged on the ...
Views: 542 - A New Flipper's Guide To Buying Foreclosure Homes - by Submitted on Feb 05, 2011 from Joseph B. SmithFlipping foreclosure homes is one of the most effective and fastest ways to get profit from the real estate industry. Since the end result of house flipping is always a turn-key property where almost all the fixtures and house features are new, many buyers are attracted to them. The low price of ...
Views: 465 - A Primer on Bank Foreclosure Auctions - by Submitted on Feb 02, 2011 from Joseph B. SmithPeople looking to buy new homes nowadays have a lot of options to choose from. One of the most convenient and affordable way to do so recently has been to participate in auctions of distressed properties or those homes that were previously owned. Bank foreclosure auctions are examples of which, ...
Views: 500 - Affordable Distressed Properties For Sale Nationwide - by Submitted on Feb 15, 2011 from Joseph B. SmithDistressed properties for sale are homes that have been placed in the market by banks or the government to collect as much of what their owners owe from them. This could be unpaid mortgage payments, tax delinquencies and other financial obligations. Although they give ample time for the ...
Views: 1444 - Are HUD Homes Worth The Buy? - by Submitted on Feb 15, 2011 from Joseph B. SmithHUD homes are residential properties that have been foreclosed following defaults on their FHA-guaranteed mortgage loans. The term HUD actually refers to the Department of Housing and Urban Development (HUD) and is used to designate those properties which have been insured by the government ...
Views: 744 - Are You Ready to Buy Bank Foreclosure Homes? - by Submitted on Feb 22, 2011 from Joseph B. SmithThe desire to buy bank foreclosure homes may have been growing in you for quite some time. This feeling may also be accompanied by the gnawing thought that maybe it is time to be free of the restrictions of renting and be more responsible in terms of homeownership. You check your salary versus ...
Views: 518 - Atlanta Foreclosed Homes: Cheap Way to Achieve Your Dream - by Submitted on Feb 04, 2011 from Joseph B. SmithBuying Atlanta foreclosed homes will give you a chance to invest in a city that can provide you the ultimate in luxury, style and accessibility. No matter what your housing requirements are, your preference, or style; you can find the perfect house among the thousands of foreclosure properties ...
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