According to data released Tuesday by the National Association of Realtors, distressed properties – including REOs (bank-owned homes) and pre-foreclosure short sales – made up 39% of 1st quarter existing-home sales in 2011. That’s up from 36% from the same quarter in 2010. Distressed Properties Sales now make up over 1/3 of all closed sales…
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About: Terry James
Recent Posts by Terry James
REO (Real Estate Owned) Inventory Continues to Rise to Record Levels Through Q4 2010 Opening Up More Opportunities for Investors
It seems like nearly every month and every quarter of a calendar year that goes by these days, the amount of REO (Real Estate Owned) inventory continues to grow to new record levels. It has become clearly evident that the U.S. Government and its Government Sponsored Entities (GSEs) will have a large role in dictating…
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Seattle No Longer Immune From Real Estate Market Downturn – But Opportunity Knocks!
For years, Seattle has been viewed as largely immune to downturns in the economy. Historically, Seattle has shown itself remarkably resilient to the ebbs and flows of the national economy by often being the last city to experience impacts from the economic strife and the first city to begin leading the country out of its decline. Dating back…
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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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Why using IRA money to invest in real estate makes sense in today’s market? The Power of the Self-Directed IRA!
I have been interested for some time in writing about the topic of using Self Directed IRA funds to invest in real estate. The severe decline in the real estate values since 2006, a figure now hovering at -28.2% nationally, has made it an even more important topic to discuss. As a former licensed Financial…
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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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REOs: A Real Estate Investor’s Greatest Opportunity to Grow Real Estate Wealth in Today’s Market Environment
Take advantage of the opportunity presented by the distressed real estate market by investing in REO (Bank Owned) properties.
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Sellers Are Tired of Paying High Real Estate Commissions! You Now Have Options!
Sellers tired of paying high real estate commission seek out discount brokers or For Sale by Owner options to sell their homes and have mixed to poor results. Better options are available with traditional agents empowering clients with the ability to choose agent fee structure.
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Can’t Sell your Home…We Can Help
Lease options or lease purchase contracts are valuable tools in this market to help Sellers that are moivated to sell their homes.
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