Foreclosure and REO investing means buying property cheaply at one of the distress stages of the mortgage default process and then profiting by reselling or renting it.
Log in to followI'm still working out where I fit in this industry, and lately I've been sitting in on trustee sales in my own county to learn the mechanics. Six on the calendar last month. Four…
Reading the framing that the deep discount at purchase is the engine and the resale is where the cash arrives, and it strikes me that almost every failure I've read about is on th…
I mailed 300 letters to a list of notices of default in two zip codes, got six calls back, and one of them was an owner four payments behind on a 1970s three bed I comped at 289.…
I've been sitting on the sidelines reading county notices for about five months. Everything I read about the auction stage says cash or certified funds, sometimes same day, someti…
Small 2-unit, bank-owned, bought at 148k in a market where similar duplexes were trading around 205k. My plan was 30k of work, refinance, hold it. I've got three small multifamily…
I read closing documents for a living and I've somehow never had to learn the vocabulary on the distressed side, so I'm asking the dumb one. REO gets used constantly and I've seen…