Lease-option contracts can be a great thing, a win-win situation for both buyer and seller. They can give buyers who wouldn’t qualify for a conventional home loan an opportunity to get their feet in the door of a home purchase, while often providing the seller a way to sell more quickly and at a […]
The Colorado Attorney General’s office unveiled a series of legislative proposals aimed at protecting consumers from unscrupulous foreclosure consultants. The measures would require written contracts, prohibit foreclosure consultants from taking ownership of the client’s homes, provide for a right of rescission and require mortgage brokers to register with the state.
Homeowners also would have […]
San Francisco based real estate investor Maxwell Drever, who specializes in foreclosed apartment properties, has purchased $29.2 million in five foreclosed multifamily projects, three in Houston and two in Dallas. Drever says housing is a “safe play”,
“Housing is a necessity of life, so I think it’s a safe play. We are not going […]
Foreclosure auctions can present great opportunities when interest is limited for whatever reason.
But, [real estate investor Dean] Street warns, “foreclosure is not synonymous with ‘great deal.’ There’s a lot of bad deals being in foreclosure.â€?
Specific issues noted when purchasing at a foreclosure auction, also known as a trustee’s sale, include title issues, IRS liens, other […]
Two men who claimed they were owner-occupant purchasers in order to bid on HUD properties during the initial bid period were fined $5,000 each and placed on probation. Three other people indicted in the scheme are awaiting sentencing. The two had contracted to be owner-occupants of nine separate HUD-owned REOs.
Two men have been […]