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Archive for 'REO'

If you want to profit from the real estate crisis: start marketing!

For ambitious folks looking for work, this over supply of foreclosed homes can be the ticket to increased income – if they get busy and market their services. Not all mortgage companies take care of their REO properties, but many do, and some of those homes need repairs as well as regular maintenance. When I [...]

Where have all the people gone?

This morning, as I sat reading the latest news about the mortgage bailout, I started to wonder about that. The reporter quoted one man who said that nearly every other home on his street had a for sale sign, and some real estate brokers are actively advertising that they have dozens of foreclosure properties for [...]

The growing REO market offers opportunity

It’s a sad but true fact that many people are losing their homes this year. You feel sorry for those people, but there’s nothing you can do about it — unless you’re as rich as Midas and you can bail them all out. That said, there’s no reason not to take advantage of the opportunity [...]