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 followThree deals in and I've hit a wall on the REO side. Every bank-owned listing that hits the MLS in my two target zips is going to highest and best within about 72 hours, and the wi…
Getting my license, still figuring out what I'll do with it. Two REO-specific things I can't get a straight answer on from anyone local. One, when a bank lists a repossessed house…
I've been an LP in other people's deals for years, so this is me poking at the active side for the first time and finding out how little I know. My county posts a trustee sale lis…
This is the question I would have kept to myself in a room full of people, so here it is. Everything I read about auctions says you buy as-is, sight unseen, no inspection. Fine. B…
I've spent about four months comparing the three entry points and I keep going in circles, so let me put the actual constraint down. I have roughly $95k liquid and a hard money re…
I'm working toward the service side of this business and reading about REO in the meantime, and two things keep tripping me up. First, do I need a real estate license to buy a for…
Bidding at a county trustee sale next month and I'm trying to stress test my title work before I put cash down. My understanding is that the foreclosing lien wipes junior liens, s…
Something bothers me about how this strategy gets discussed. Filings are up, repossessions up sharply, everyone quotes the numbers. And yet the practical experience of anyone tryi…
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 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…