Sep 25

Investors waiting for waves of distressed real estate assets to hit the market may be waiting forever

Low interest rates encourages banks to hold onto assets since the cost to carry is very low

via — Seeking Alpha.

Sep 25

ill Joyce starts every short-sale journey with “The Speech.”

In a what’s-ahead warning to homebuyers, the Roseville real estate broker promises something resembling burning deserts, howling winds and crops destroyed by hail. Buyers will be tested and tortured, he tells them. They will endure privations beyond all expectations.

And then they might fail.

via – Modbee.com.

Sep 25

the things you refuse to meet today always come back at you later on, usually under circumstances which make the decision twice as difficult as it originally was. - Anna Eleanor Roosevelt (1884-1962)

Sep 24

Beware of dissipating your powers; strive constantly to concentrate them. - Johann Wolfgang von Goethe (1749-1832)

Sep 23

Chris, an experienced investor who experienced a slow down in his investing business after the market crash. His challenge was funding deals and the way he overcame it was absolutely brilliant.

First, Chris has been relentless with his networking, building strong relationships and surrounding himself with successful individuals. This has really paid off. But what was so brilliant was that he did not focus on making money, he focused on building a long term business.

via biggerpockets.

Sep 23

Real estate brokers who have long complained about the time it takes to complete a short sale now have two U.S. congressmen in their corner who are sponsoring a bill that would require lenders to respond to consumer short sale requests within 45 days.

Lenders have been pushing more short sales as the industry recognizes them as a viable alternative to foreclosure. Short sales in the U.S. have tripled since 2008, according to data analyzer CoreLogic.

via bubbleinfo.com.

Sep 23

Variations of the homebuyer tax credit have generated more than $19 billion in tax breaks for over 2.6 million first-time homebuyers since the programs began in July 2008. However, due to a combination of recording errors on the IRS’s behalf and home buyers attempting to circumvent the system, it looks like nearly half of the people that received money from the credit may have to return it.

via  Zillow News.

Sep 23

It is only as we develop others that we permanently succeed. - Harvey S. Firestone

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