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Florida Has Biggest Shadow Inventory, NAR Reveals

It seems that the state of Florida has the largest shadow inventory of unsold bank owned properties. According to Bob Massey of REWealthCoach.com, the National Association of Realtors (NAR) has recently released its shadow inventory estimates. The report shows that the Sunshine State topped the list of places with the highest number of unsold REOs. The states of California and Illinois, on the other hand, followed in second and third places, respectively. What is the primary reason for the growth of shadow inventories in the country? Read Bob’s post to find out.

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[VIDEO] Wholesaling Houses Or REOS – Which Is More Profitable?

If you have just started wholesaling houses, which do you think is a better strategy: targeting private sellers or making offers on REOs? Steph Davis of FlipThisWholesaler.net provides an answer to this question in response to an inquiry raised by one her readers. According to her, the answer depends on your market. She says each strategy has its own pros and cons, which is why you have to study your options carefully. Watch Steph’s video and learn valuable tips on wholesaling private properties and bank owned homes.

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This Real Estate Market Is What Investors Are Looking For

If you want to invest in real estate, now is a good time to do so. According to Susan Lassiter-Lyons of TheInvestorInsights.com, buying investment properties from today’s market brings tons of benefits for real estate investors. Recent data have shown that home prices have declined in the fourth quarter of 2010 and more households have underwater mortgage. These means investors will have more opportunities to obtain affordable investment properties. Read the rest of Susan’s post to learn more.

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The Best Places To Buy Multifamily REO Homes Exposed

Considering investing in multifamily bank owned homes? If you are, you might want to check out Susan Lassiter-Lyons’ latest post on TheInvestorInsights.com. In her newest blog entry, she provides nifty hints and tips on where to find multifamily reo buildings. She also explains when is the best time to check out HUD’s website for repossessed multifamily homes. Take a look at her post and discover valuable pointers on investing in REOs.

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[VIDEO] Brace Yourself For History’s “Biggest Foreclosure Dump”

Over the last few months, many market analysts and industry experts have predicted that there will be a considerable increase in the number of residential foreclosures in the near future. It seems that these predictions are set to happen this year. Citing data from CNBC, Susan Lassiter-Lyons of TheInvestorInsights.com reveals that the “biggest foreclosure dump in history” is about to happen in 2011. Check out her post to learn more.

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Recognizing A “Need” – Your 1st Step Towards Becoming An Efficient Short Sale Investor

A few days ago, Cory Boatright of ShortSaleFundamentals.com talked about the importance of setting “short sale resolutions” to help invigorate your short sale investing business this year. In his latest post, he says your first resolution is to look around in your neighborhood and “recognize a need.” According to him, this will enable you to find opportunities to generate income in your own backyard. Check out Cory’s post to read the rest of his article.

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Distressed Properties Account For 25% Of Home Sales, RealtyTrac Says

It looks like more and more home buyers are realizing the value of buying distressed properties. According to Bob Massey of REWealthCoach.com, distressed homes accounted for 25% of total home sales in the third quarter of the year. Base on data released by RealtyTrac, the number of properties that were sold through short sales and foreclosure auctions, as well as purchased bank owned homes stood at 181,748. Check out the rest of Bob’s article to learn more.

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Fannie, Freddie Resume Foreclosure Activities

Fannie Mae and Freddie Mac’s move to halt its foreclosure activities has come to an end. According to Bob Massey of REWealthCoach.com, the two government-sponsored enterprises recently lifted its two-month moratorium on foreclosures. This means the two mortgage giants will resume the filing of foreclosures and sales of more than 242,000 foreclosed homes they own. Read on to learn more.

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An Interview With A Successful REO Wholesaler

Want to learn the secrets of a successful real estate investor? If you do, you might want to check out Joe McCall’s latest post on WholesalingLeaseOptions.com. In his newest blog entry, he shares his recorded interview with his friend and fellow investor Alex Pardo. In the interview, the two discuss the ins and outs of flipping bank owned homes. They also provide valuable information about real estate investing, including finding good deals, attracting cash buyers, marketing, and networking. Check out Joe’s post to eavesdrop on their meaty conversation.

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[VIDEO] Wholesaling REOs: How To Write Contracts For Your End Buyers

How do you write contracts for end buyers when wholesaling bank owned homes? Steph Davis of FlipThisWholesaler.net provides an answer to this question in response to an inquiry made by one of her readers. In her latest post, she uploads a video wherein she discusses the clauses to be included when writing a contract for your end buyers. She also offers some nifty hints and tips on what you should do in case an end buyer refuses to use your title company. Check out Steph’s newest blog entry to watch the video now.

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Paperwork Scandal Drags Down REO Sales, Survey Shows

Because of the “robo-signer” scandal that recently rocked the mortgage industry, many home buyers are reluctant to buy bank-owned homes. Citing the monthly Campbell Housing Survey, Bob Massey of REWealthCoach.com reports that 14% of conventional buyers and 6% of real estate investors didn’t consider buying real estate owned properties or REOs in October. October is the month when reports about document deficiencies in bank owned homes were exposed. Read the rest of Bob’s article now.

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How To: Protect Yourself When Buying “Previously Securitized” REOs

With many major lending companies halting their foreclosure process, Susan Lassiter-Lyons of TheInvestorInsights.com believes that there’s a huge problem brewing for REO investors. According to her, the lenders’ decision to freeze their foreclosure activities may result in a significant decline in REO inventories and a “break in the chain” of ownership of the mortgage rights. Find out how you can protect yourself and your interests when buying previously securitized REOs by reading Susan’s post now.

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Report: Discounts On Distressed Homes Reach 26%

It looks like more and more banks and home sellers are reducing the prices of distressed properties that they are selling. Citing a report released by RealtyTrac, Bob Massey of REWealthCoach.com reports that the average discount on distressed homes is 26%. As for purchasing bank owned homes or REOs, buyers are likely to get discounts of about 35%, he added. Learn more about what’s happening in the foreclosure market by reading the rest of Bob’s article.