Is Real Estate Ready for a Comeback?

This kind of headline is a dumb question, I know, because I’ve already said there’s no “housing market”and all real estate is local.  One exception to that rule is that interest rates and lending criteria will affect real estate nationwide.  So, if the recession fears are strong enough and the Fed thinks dropping rates is more […]

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Bush Urges Congress to Reform Tax Code Provision Regarding Relief of Debt

Bush announced today some government initiatives to aid low income people in foreclosure, including some revisions to FHA loan regulations.  You read about it here.  All of this talk is merely lip service to a problem that will only be solved by a complete market correction, which will take a few years to pan out.  However, […]

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Your Loan Has Been Sold… Again!

You just received notice that one of your loans will be serviced by a new company – the third in 2 years. Many of you know how aggravating it can be dealing with loan servicing companies, particularly when the newest servicer has incorrect records. Your rights are governed by a federal law known as “the Real Estate […]

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Work a FARM Area for Your Investing

Real estate brokers generally have particular neighborhoods in which they work, rather than an entire city. Brokers refer to this as a “farm” area. You’d be wise to adapt a similar approach to your real estate investing business. The goal is to become an expert on one specific farm area, roughly 3,000 to 5,000 homes. […]

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Scripting Common Objections from Foreclosure Sellers

Foreclosure lists are a great resource for finding motivated sellers, but the competition for these deals is substantial.  People in foreclosure are inundated with mailers and calls, so the investor who can answer the seller’s questions and make him feel good will likely get the seller’s trust and ultimately the deal. Every investor needs a […]

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Foreclosures Up 97% From Last Year, But…

Here’s the latest headline: “July foreclosures up 9 percent from June – LOS ANGELES – The number of foreclosure filings reported in the U.S. last month jumped 93 percent from July of 2006 and rose 9 percent from June, the latest sign that homeowners are having trouble making payments and finding buyers during the national […]

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Bronchick Quoted in Denver Post Article

Interesting article in Sunday Denver Post about how sellers are turning to renting or rent-to-own when they can’t sell: —>>> Denver Post Article Interestingly, the Seattle Times and Milwaukie Journal ran a similar article on this past weekend about rent-to-own : —->>> Seattle Times Article

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Know Your “D.O.M.” – Days on Market

Before you can nail down the price of a home you want to buy, or price a home you are looking to sell, you need to look at comparable sales or “comps”.  However, most novices don’t look at comps in their proper context, that is, in relation to the amount of time it took to […]

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Know Your "D.O.M." – Days on Market

Before you can nail down the price of a home you want to buy, or price a home you are looking to sell, you need to look at comparable sales or “comps”.  However, most novices don’t look at comps in their proper context, that is, in relation to the amount of time it took to […]

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Subprime Fact vs. Fiction

I’ve been hearing all kinds of bogus stories about subprime and the foreclosure rates.  What’s fact vs. fiction? FICTION: Subprime is a huge part of the market FACT: Only 10% of loans are considered subprime FICTION: Most subprime loans are in default FACT: Only 8% of suprime are in default.  That’s .8% of the total market […]

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