Now that the Great Recession appears over, the economy looks to be entering a Rocky Recovery, in which much of the nation will continue to struggle well into 2010. The Associated Press' monthly analysis of economic stress in more than 3,100 U.S. counties found the economy little changed in October compared with September. Some states saw slight improvement or stabilization, thanks to steadying foreclosure and bankruptcy rates. But the gains may be brief. Unemployment remains high, and the... Read Full Story
The recession in the U.S. economy has resulted in more foreclosures than experienced by any other generation of Americans. However, opportunistic real estate investment professionals are turning the recession into great profits with a bit of creativity.
The new opportunity is known as ‘ Bulk REO Investing’ or ‘REO Package Investing’ and it’s a huge opportunity.
Foreclosures are at the heart of the Bulk REO business, so let’s consider the foreclosure process.
You can’t understand Bulk... Read Full Story
A federal judge in Florida has declared a banker and lawyer from Switzerland who were indicted on fraud charges as fugitives from justice. U.S. District Judge Daniel T.K. Hurley signed the order against banker Hansruedi Schumacher and attorney Matthias Rickenbach on Thursday in West Palm Beach. Schumacher and Rickenbach are accused of helping rich Americans evade taxes by hiding assets in Swiss banks, including UBS AG and a smaller Zurich-based institution, Neue Zuercher Bank (NZB). Each man... Read Full Story
The weakness of the U.S. economy has given rise to the largest epidemic of foreclosures in American history. But smart real estate investors are turning these 'lemons' into 'lemonade' in an incredibly profitable new way. This new opportunity - known as ' Bulk REO Investing' - is so huge it's captured attention from wealthy investors and private investment funds alike. Foreclosures are at the heart of the Bulk REO business, so let's consider the foreclosure process. Understanding the notion of... Read Full Story
Fort Lauderdale foreclosures in the condo sector will be contained through bulk purchases if a new legislative bill that would revise the liability of bulk buyers and would facilitate bulk buying in Florida is approved.
To rejuvenate the distressed condo sector in Fort Lauderdale and in other parts of Florida and manage the record numbers of vacant unsold condo units across the state, state legislators led by Representative Julio Robaina and Senator Eleanor Sobel introduced HB 327, which... Read Full Story
MIAMI — Home resales in the South skyrocketed last month
as first-time buyers hurried to grab an expiring federal tax credit
while exploiting low prices and mortgage rates.
The South
recorded 176,000 home sales in November, the National Association of
Realtors said Tuesday, up 48 percent from a year earlier when the
nation was dizzied by the financial market meltdown. The median sales
price fell slightly more than 1 percent, to $151,400.
Nationally,
existing home sales soared... Read Full Story
Posted by cassy82
at 01:43PM 12/23/09
in realestate , Real Estate Investment , Real Estate , real estate investing
Bank foreclosure cancellation efforts have been stepped up by mortgage lenders in California following pressures from government officials and lawmakers. In November, almost 10,500 scheduled foreclosure actions in the state were canceled, up by 20 percent from October cancellations.
http://www... Read Full Story
Posted by cassy82
at 10:26AM 12/23/09
in realestate , Real Estate Investment , Real Estate , real estate investing
Hialeah foreclosures may drop if the reopening of the Hialeah Park and other planned developments become successful and if they create jobs for residents in the area. Condo foreclosures still continue in the area because of a lot of distressed condo conversions.
http://www.bankforeclosuressale.com/wp... Read Full Story
There are more foreclosures in the United States right now than we have ever experienced before. Yet as always, this challenge has given rise to a huge new opportunity for alert real estate investors. This new opportunity - known as ' Bulk REO Investing' - is so huge it's captured attention from wealthy investors and private investment funds alike. Take a just a minute to consider the basics of this highly profitable business. You can't understand Bulk REO Investments without understanding... Read Full Story
Posted by cassy82
at 04:28PM 12/22/09
in realestate , Real Estate Investment , Real Estate , real estate investing
Fort Lauderdale foreclosures in the condo sector will be contained through bulk purchases if a new legislative bill that would eliminate risks in bulk buying is approved. Liability for the maintenance of common areas oftentimes discourages bulk buyers from pursuing their investments.
http://www... Read Full Story
