Buying a Foreclosure

Real estate investor

Where are all the foreclosures?

As  real estate investors, we have been spoiled with almost a unlimited pipeline over the past decade of decent acquisition opportunities.  Most of these homes were bank owned and have suffered from neglect throughout the foreclosure process.  Easy fix-and-flip candidates as well as fix-rent properties seemed to be prevalent in many areas.   These opportunities have […]

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Fixed Home

Repaired Foreclosures

Some banks repair their foreclosure assets prior to selling them. Not all foreclosures are in poor condition. Learn more about repaired foreclosures for sale and which banks are most likely to do the work prior to sale.

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Foreclosure sale parties

Foreclosure Sales: The Parties Involved

Sales of foreclosed homes involve more parties than a traditional real estate transaction.  Traditional real estate transactions 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 […]

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asset manager

Foreclosure Asset Managers

Isn’t an Asset Manager the person you use to help manage your money?  Well, not in the foreclosure business. What is an asset manager? 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 […]

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zombie foreclosures

What is Zombie Foreclosure?

Zombie foreclosures…no, these are not foreclosed homes where the undead live. What is a zombie foreclosure? 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 […]

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shadow inventory

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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5Tips-Tile

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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Short Sale-title

Foreclosure versus Short Sale: What’s the difference?

Foreclosure sales are different than short sale transactions. A short sale occurs when the mortgage holder is still in control of the property. Short sales can be a good source of default properties. Understand how short sales are different than foreclosure sales.

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