Is Bulk REO Investing Equal to Quicksand and Alligators or Nirvana?
Bulk REO Investing – Are They Something for an Investor to Look Into? Nearly every day we have students or other investors tell us about possible deals from bulk REO investing packages or “tapes” as they are called in the trade. Simply put, lenders take a group of properties that have major problems and can’t…
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What Happens if You Butt Heads With an REO Listing Agent?
Listing Agent Difficulties? Learn How to Fight and Overcome the Obstacles This should be short and sweet depending on whose side you are on with listing agent difficulties. A student makes the usual ridiculously low offer for an REO (bank owned property) and gets rejected. The student personally feels rejected, but I explain persistence pays. Low…
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Why Do You Need Title Insurance in Real Estate Investing?
Why Do You Need Title Insurance? Learn from this example… A marketable title is an insurance policy on a property. We recently closed on an REO with a not very adept title company located in the central part of Florida. The trouble started early when we asked for a title commitment. We were told we couldn’t have it…
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Bidding on REOs Can Be Both Fun and Frustrating
The whole cycle of bidding on Bank Owned properties (REOs) is exciting and very frustrating for many reasons. Mostly the issue is about what the listing agent tells the perspective bidders and the reality of the market. These are two very distinct differences. The prices REOs have been sold at depend on the property’s condition, location, willingness of the Asset…
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