Here’s the place to come if you want to find out what’s going on in real estate on a weekly basis. This week, hear me co-host a real estate show on KDOW 1220AM from 10 a.m. to 11 a.m. PST. For a preview of the show, go to www.goingbeyondrealestate.com.
Bulk REO
Do you know how you can start a bank? Most people do not have a clue. Well, I am not about to tell you how, although I could write a lengthy article on the subject. What you should know here is that banks are required to have $7 in reserves for every $1 they have in non-performing asset. No wonder over 30 banks have been shut down thus far between 2008 and 2009.
Most of these banks had loaned out mortgages. So what happens to their assets when they go down under? Uncle Sam seizes them. That’s right. Is the government in the business of holding onto homes? No way. They’d rather get rid of them fast. What’s the quickest and smartest way to do so? Bulk Sale. That’s right.
Short Sale
What’s a Short Sale?
Recently, the phrase Short Sales has become popular in America. A Short Sale is where a homeowner sells his home at a price which is lower than what he bought the home for or what he owes on the mortgage. The lender agrees to take a Short Pay-off, a loss, and may or may not forgive the homeowner for the difference.
Foreclosures
If you have not heard of foreclosures, if you do not know what the term means then perhaps you live on another planet. If you have heard the term and think the world is coming to an end then you’ve certainly landed on the wrong page. The fact of the matter is that if you see the cup half full then foreclosures certainly offer you an immense opportunity to make beaucoup bucks, I mean a truckload of dough. In fact, if you see what I see, then you may even come out of this thing a STRONG millionaire. Seriously! Continue Reading ››
March 26th, 2011
Weekly News from Paul
Here’s the place to come if you want to find out what’s going on in real estate on a weekly basis. This week, hear me co-host a real estate show on KDOW 1220AM from 10 a.m. to 11 a.m. PST. For a preview of the show, go to www.goingbeyondrealestate.com.
June 26th, 2009
Bulk REO
Do you know how you can start a bank? Most people do not have a clue. Well, I am not about to tell you how, although I could write a lengthy article on the subject. What you should know here is that banks are required to have $7 in reserves for every $1 they have in non-performing asset. No wonder over 30 banks have been shut down thus far between 2008 and 2009.
Most of these banks had loaned out mortgages. So what happens to their assets when they go down under? Uncle Sam seizes them. That’s right. Is the government in the business of holding onto homes? No way. They’d rather get rid of them fast. What’s the quickest and smartest way to do so? Bulk Sale. That’s right.
June 26th, 2009
Short Sale
What’s a Short Sale?
Recently, the phrase Short Sales has become popular in America. A Short Sale is where a homeowner sells his home at a price which is lower than what he bought the home for or what he owes on the mortgage. The lender agrees to take a Short Pay-off, a loss, and may or may not forgive the homeowner for the difference.
June 26th, 2009
Foreclosures
If you have not heard of foreclosures, if you do not know what the term means then perhaps you live on another planet. If you have heard the term and think the world is coming to an end then you’ve certainly landed on the wrong page. The fact of the matter is that if you see the cup half full then foreclosures certainly offer you an immense opportunity to make beaucoup bucks, I mean a truckload of dough. In fact, if you see what I see, then you may even come out of this thing a STRONG millionaire. Seriously! Continue Reading ››
