Recent Posts by Terry James

REO (Bank Owned Homes) Inventory: A Permanent Fixture and Investor Opportunity in Today’s Real Estate Market

Through the 3rd Quarter of 2010, distressed real estate transactions (REOs, Foreclosures and Short Sales) accounted for nearly 33% of all closed transactions, the largest portion being REO and Foreclosures combining for 25% of the closed transactions. REO inventory is currently at record highs. The REO inventory of Fannie Mae, Freddie Mac and FHA increased nearly 24% in…
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Existing Homes Sales up 10% in September…What Does It Mean For The Market?

According to the National Association of Realtors report today, existing homes sales rebounded strongly in September. Sales were up 10%  in September 2010 to a seasonally adjusted annual rate of 4.53 million units, a substantial increase from July's rate of 3.84 million units - a 15 year low. While these numbers are positive, sales have…
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Foreclosure Moratorium Lends More Support To Buying REOs

The recent moratorium announced by Bank of America to halt the foreclosure process in all 50 states while it reviews whether staff may have cut corners while processing the paperwork will extend the foreclosure crisis further.Analysts predict that a moratorium "could further depress housing prices and said it would be very damaging to exactly the…
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