Financing a distressed property

As a buyer, you should know that not all financing will work for all homes. There are times when a conventional, FHA, VA, etc will not work for a property. Unfortunately, not all professionals are educated equally on this topic. So it is in your best interest to understand when you might need to use…

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Whose a what? Understanding the Foreclosure Middle Man

In every industry, there can sometimes be layers of people between you and the person that you are really doing business with. The foreclosure world is no stranger to that. For most foreclosure sales, you as a buyer will be dealing with an agent typically, who is layers away from the actual owner of the property.…

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Top Foreclosure Contract Mistakes

Often times, when I’m working on contracts with another party (agent or buyer), there are some misunderstandings as to how the contract procedure goes. Below are top contract blunders. Of course, mistakes happen, but unfortunately, they do delay the contract process. This isn’t about pointing out someone’s mistakes, but merely trying to educate so we…

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Buying a HUD Home

Published on Mar 6, 2017 Selling HUD Homes for Agents – BLB Resources http://www.blbresources.com A HUD home is a 1-to-4-unit residential property that goes into mortgage default with a loan insured by the Federal Housing Administration (FHA). When this occurs, the lender takes possession of the property and transfers ownership to HUD, who then tries…

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Help Your Real Estate Agent Help You

Many years ago, before the internet became the new normal, an agent had to hit the streets and the phones to look for business. Fast forward to today, and everything is on the internet for anyone that has the ability to access it. I know what you are thinking…. why should I help my agent?…

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Lets Talk Zillow

Foreclosure, Photos, and Zillow Over the past few weeks, we’ve had an increase in calls, emails and ‘drop-ins’ from property owners expressing outrage that we have “listed their property on Zillow as a FORECLOSURE”. It’s important to understand these property listings are being triggered by Public County Tax Records.  Anytime a filing such as a…

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Buying a HUD Home

Buying a home is probably one of the biggest purchases you will make in your lifetime. And if you plan well, you may have multiple real estate purchases in your lifetime. There are many options for purchasing a home. You can go through a licensed real estate agent or purchase from a homeowner that is…

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Buying a HUD Owned Home

What is a HUD Home? A HUD home is a 1-to-4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim. Who Can Buy a HUD Home? Anyone who has…

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Buyers-Is a short sale right for me?

For a buyer, purchasing a property can be the biggest expense they will ever have in their lifetime. Some buy many homes throughout their lifetime, some only one or two. And for some, it’s their first purchase that will either make or break what they do in the future. Whatever your experience is, when you…

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The Short Sale

Everywhere I turn and hear a short sale story… it always seems that it is a bad one. Our society has taken on a whole meaning of its own in regards to a short sale. It’s become a dirty word. And for the life of me, I really don’t understand why.  Shorts sales (see my…

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Pitfalls of Buying a Foreclosure

There are of course pitfalls to most things in life and buying a foreclosure is no different. When you are buying a home in general, the buyer needs to be aware of certain things pertaining to buying a home. It’s a big investment for anyone, whether it’s your first home or 100th home. In a typical…

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