Repaired Foreclosures

Some banks and corporate sellers have caught on!  Buyers prefer a home that is ready to live in versus a fixer-upper.  In addition, homes that are well maintained, have active utilities and are repaired gain more interest and showings.  Some sellers of foreclosures have made it a practice to repair homes prior to selling them […]

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Buying a Home at Auction

Going, going, GONE!! Auctions have come a long way!  In today’s internet-saturated world, you can bid and buy a foreclosed home online in a few clicks.  Buyer beware, however, as the deals are as good as the time spent researching the property. Many foreclosures are now being sold via auction in a format known to […]

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Foreclosure Sales: The Parties Involved

Sales of foreclosed homes involve more parties than a traditional real estate transaction.  Let’s take a look at the most simple of real estate transactions.  If you were buying a friends home, there would be two individuals involved in the sale:  you (the buyer) and your friend (the seller).  You would negotiate a price and […]

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Foreclosure Asset Managers

Isn’t an Asset Manager the person you use to help manage your money?  Well, not in the foreclosure business. An asset management company in the foreclosure business is a company that the owner of the foreclosed property hires to basically do all the work in selling a foreclosed asset.  The asset management company is a […]

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What is Zombie Foreclosure?

Zombie foreclosures…no, these are not foreclosed homes where the undead live. Zombie foreclosures are homes that the former owner has vacated but the bank has not yet taken title.  Often, the former homeowner does not even know they still own the property.  Until the bank completes the foreclosure, the homeowner definitely does still own the […]

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Foreclosure.com

Are you tired of surfing multiple websites to find foreclosure properties for sale?  If you’re wondering if using a paid service is the right move for you, know that there are many benefits you’ll experience from using the site like Foreclosure.com. Whether it’s the way the site is easy to use or the amount of […]

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What is shadow inventory?

If you listen to the media at all, you probably have heard the term “shadow inventory” when referring to the housing crisis or bank foreclosures.  Shadow inventory is a vague term and is often referred to in billions of dollars.  What is the shadow inventory? Investorpedia describes shadow inventory as…. A term that refers to […]

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Top 5 tips for buying a PNC Bank foreclosure

Interested in buying a foreclosure from PNC Bank? PNC Bank foreclosures are a good source of foreclosure deals. Here are five tips for buying a property from PNC Bank.

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