Distressed Property Blog

A couple of weeks ago, Reuters reported that “Realtors in many U.S. states say lenders are demanding excessively high prices before allowing distressed borrowers to offload their homes in ‘short sales,’ making the housing crisis worse.”
A short sale, as we have discussed here before, is when a borrower sells a home below market price and […]

Let’s talk shop today.
Today’s advice is about active listening. No, no… this is no Oprahesque-feel-good-chit-chat / Kumbyaya-drum-circle advice; this is sales talk people, so listen up.
When you, as a person in a position to invest in a distressed property, sit down to strategize your next investment, remember that behind every distressed property is a distressed […]

While it may seem like a stretch to invest in distressed properties out of state, that is exactly what some savvy investors are doing. For out of state investors, buying homes in foreclosure hotspots like Detroit is, as one investor put it, like buying up “unpolished diamonds.”
In a market where “credit is tight and […]

I just got off the phone with someone who got burned while trying to cut corners when investing in a foreclosure. I could tell you a million horror stories like his, but I won’t. Instead, I offer this simple piece of advice:
Use a real estate professional experienced in foreclosure sales when investing in a foreclosure. […]