Too Good To Be True

My friend Alex is my favorite skeptic.  He is always saying, “If it seems too good to be true, it probably is.”  I just laugh at him. I think it is all a matter of perspective.  I believe in the theory of “The Good Deal”  A good deal is when all of the involved parties [...]

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What is REO?

I am often amazed at how many people still don’t know about the benefits of purchasing REO property.  For those of you are trying to self educate, you’ve come to the right place.  REO stands for Real Estate Owned, this designation is given to property that was foreclosed upon and then did not sell at [...]

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The Glass is Half Full

I  hear all the bad news, but I get to see the positive side of our economy every day.  Two years ago the economy was “great” the housing market was “great”, that’s what every one said.  But prices were so high that many families were not able to buy that all important first home.  I [...]

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Adding REO To Your Real Estate Investment Portfolio

What would you like your net worth to be on retirement? Do you have a plan to get there? Most investment counselors will suggest that you diversify your portfolio for maximum benefit.  Real Estate can be a fabulous addition to any investment portfolio if it is purchased with the right criteria in mind.  The best [...]

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The Winning Ticket

I have a friend that calls owning her REO Property, “living in her piggy bank”.  She calls it that because she was able to buy her property for 18% under market value.  Now instead of making rent payments she is building equity and because she bought her property for significantly less than it was worth [...]

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The First Home

There is something so satisfying about watching a family buy a home for the first time.  I never get tired of it.  Owning a home is part of the American Dream. 
When my Grandparents came to this country they were determined to save and to own their own home.  My Dad was eight when my Grandparents’ [...]

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The REO Discount

My Aunt Harriet is a brilliant negotiator.  Seriously, as a child I learned more about persuasion from a trip with Aunt Harriet to the local butcher than any seminar of the subject could possibly offer. 
Part of Aunt Harriet’s strategy was to always have the “inside scoop”, for instance at the local butcher, she would always [...]

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What You Should Know About REO?

Did you know that when you purchase an REO home it is very similar to purchasing a home in the traditional way?  When you are looking at REO properties you are able to view the property just like any other home purchasing experience. 
If you find an REO that you like, with the help of your [...]

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Crests and Valleys

With so much talk about the economy and the housing market, it’s easy to get caught up in the hype that everything is bad and getting worse.  The truth is significantly less dramatic, and doesn’t really make for exciting news. 
If we look back at the economy over the last hundred years we see a series [...]

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The REO Story

In the beginning there was a home loan.  It was a good loan and everyone was happy.  A family lived in the house, they made their payments to the bank and all was well.  Then something terrible happened and the family could no longer pay for the house.  They thought that things would get better [...]

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