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Archive for June, 2009

REO (Real Estate Owned) is a term used for properties that have been foreclosed upon and failed to sell at auction.  These properties are now available to be sold by the lender for fair market value minus the cost of necessary repairs.  Right now the REO market is white hot because of the sheer number [...]

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Have you ever noticed how life is like your average tomato plant?  You can take the smallest tomato plant, plant it in rich soil and the most amazing things happen.  You need to water it regularly, of course, but the harvest is almost guaranteed to be abundant if you are willing to work with the [...]

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You’ve heard the term REO, it seems like everybody is talking about it these days, but what does it mean?  REO stands for Real Estate Owned and it is a term that applies to properties that went through the foreclosure process and failed to sell at auction.  Now the lender or bank legally owns the [...]

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I had a young couple in the office the other day; they had come to Island Advantage Realty LLC because, as the wife put it, she wanted to “Stop the Insanity!”  In the last year both the husband and the wife had experienced unforeseen career changes and while they are both working their annual income [...]

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What is it about a house that makes you want to call it home?  While everyone’s criteria may be different, there are some things that are important to everyone.
Location! Location! Location! – We all know the old cliché, but it’s true, where a home is located is important. It’s important to you and it will [...]

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At Island Advantage Realty LLC we work with REO properties, foreclosures and even short sales.  There are different advantages to each based on your needs and desires. 
For people who are looking for an opportunity with great rewards and very little risk, I encourage them to look at the REO market.  REO homes are offered for [...]

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This year I want to honor all of the D ads out there who work tirelessly to provide for their families.  It wasn’t until I was in college that I fully appreciated how wonderful my father, my grandfathers and my uncles were.  I thought that every young girl was surrounded by honorable men who had [...]

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Remember back in the day when a Fixer Upper meant that a property just needed a little TLC.  Then at some point “fixer-upper” became synonymous with “falling down around your ears.”  It used to be that REO property, Real Estate Owned, was typically property that was extremely run down.  In the market of even five [...]

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I love working in the current real estate market.  I know, the news makes it sound as if it’s all doom and gloom, it’s not.  Right now there are more affordable homes available than at any time in recent years; which means there are more families able to enjoy the pleasures of home ownership.
Just the [...]

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My Aunt Tova is an incredible cook.  She has a recipe for Raspberry Cheesecake that could end wars, and the things she can do with a brisket and a can of Coke…let’s just put it this way, I could be killed for saying more.  I’ve always loved to watch my Aunt Tova in the kitchen, [...]

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