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Are you being an overprotective parent with your home?( and paying for it?)

First time Home Buyers may not understand exactly what a foreclosure is and they may be hesitant to buy them. However, understanding how Banks foreclose on properties might help negotiating the price of the you offer.

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Why Banks Foreclose On Homes?

If you’re a first time home buyer, you may not understand why banks  foreclose on homes. While the term might be familiar in terms of hearing it in other people’s conversations, sometimes the meaning can be a bit muddled. Basically, a foreclosure occurs when the homeowner defaults on the payments and the bank takes [...]
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Downtown San Diego Foreclosures Are Opening Doors

Foreclosures in Downtown San Diego aren’t your average foreclosures. They’re not single family homes that a poor family couldn’t afford after one of the patriarchs lost their job during the stock market crash of 2008 and subsequent recession.  In fact, Foreclosures in Downtown San Diego aren’t single family homes at all. Most of [...]
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Beware–Common REO Problems

With every real estate sale, there are common listings issues to be aware of. If they all started with a sign that said, “Beware—Common REO Problems Ahead”, you could probably avoid many of them. Here’s your sign. History of the Property If you haven’t had any personal dealings with the property itself before, then you [...]
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Things You Want to Know Before Buying HUD Homes

Because of the large inventory of unoccupied homes, HUD has offered some amazing deals on homes in their inventory. Some can even be acquired for as little as $100 down. Here are some things to keep in mind when looking at HUD Homes. Know What You’re Buying While the government has incentivized the purchase of [...]
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Federal Government Housing Intervention

Today’s economy is about as difficult an economy as we’ve seen in the last hundred years. The housing sector, blamed for much of the economic downturn, has been particularly hard hit. No matter what side of the political aisle you fall on, most Americans believe that the government needs to have some role [...]
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Foment Financial Fortune from Foreclosures

Once upon a time in Real Estate Land, there lived a happy-go-lucky housing bubble. It floated among us without a care in the world, blissfully ignorant of its ultimate fragility. Then one day, it met with the final fate that, sooner or later, befalls every bubble: it burst. In the time it takes [...]
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Foreclosure Reports and Where to Find Them

Foreclosure reports are a great tool for tracking down real estate deals before they expire. Rather than wait until a house has been purchased by some out-of-state investor, you can be on the cutting edge of things. This kind of insider information makes all the difference between owning a great property and just [...]
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Tips for Buying A Foreclosure

Buying a foreclosure isn’t always easy, but it can save you a great deal of money, which is why so many people are eager to purchase a foreclosed home. The first step if you are looking to purchase a foreclosed property is to get pre-approved for a mortgage. It’s a little bit misleading to [...]
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Don’t be Pushed Around When Buying a La Jolla Foreclosure

Buying a foreclosure in La Jolla is not the easiest process in the world. This part of the country has seen just as many foreclosures hit the market in the last few years as the rest of the country. And while there are commercials and junk emails that say buying a foreclosure is [...]
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Luxury Foreclosures are a Reality in Rancho Santa Fe

Buying a luxury REO in Rancho Santa Fe sounds strange. How can something possibly be “luxury” if it’s bank owned? Well, seeing as how Rancho Santa Fe didn’t escape the bursting of the housing bubble like every other town and city in America, you can trust me, these homes exist. Especially in Rancho [...]