Why Should I Invest in Bank Owned Homes (REO'S) or Short Sales

If you ever purchased a home you already possess ninety per cent of the knowledge to purchase a Bank Owned Home (REO) or Pre-forclosure home commonly known as a "Short Sale:!

WHY?

Your procedures and paperwork are almost identical to the normal home buying process; the difficulties arise in dealing with a lender or home owner who is going to take a loss!

Keep in the above in mind- Let's identify the obvious requirements first :

You must be financially qualified- Just as with the purchase of any property you must have sufficient cash make  the monthly mortgage payments

If that's all there is  from a purely financial point of view -what else do I have to know?

What is the different from an ordinary purchase?

Four  major factors:

1..The home is bank owned (REO)!

2. Homes are sold "AS IS": (Caution: not as bad as it sounds -there are successful work arounds)

3. It takes more time for a bank to accept an offer than an offer on a  normal home purchase. You will have to be patient! (But your down payment is normally refundable)

4. Many INVESTORS are "sharks" -they will make ridiculously high bids to drive away bidders;then come back and rebid .Unless you have experience in this bidding /offer process you can waste time and money

What are the benefits of buying a bank owned home (REO)!

In the current economic climate a combination of factors listed below -make this era an excellent time to buy!

1..The economic collapse has led to higher  unemployment - more people will unable to make their mortgage payments and have to abandon their homes i.e. go into foreclosure or pre-forclosure(Short Sale)

2. There is an oversupply of new homes on the market which are overpriced relative to foreclosed homes

3.The factors above have forced a collapse in home prices leaving many homeowners with negative equity (they owe more on their mortgage than there home is worth)

5. You do not  have to rely on financial advisors or stock brokers churning you portfolio and running  up fees!

6.How long will this opportunity last? CAREFULLY EXAMINE THE TREND CHARTS Below:

The charts above make the time frame relatively obvious!

The charts show It will require years for an economic recovery (espcially housing prices) but there has never been a better time to buy a home especially a foreclosed home because interest rates and home prices are at history making lows.Unfortunately the bargains are for those fortunate few who can qualify!

That's precisely where we can help 1st time buyers and investors AND PEOPLE FACING FORECLOSURE avoid foreclosure!.

And WITH ONLY 1-2% interest on bank CD's and treasuries- YOU are receiving a poor return on your invested assets by definition-SO WHAT ARE YOU WAITING FOR?

Last but not least ! Absolutely no fees to you.Lenders must pay my fees 

If you understand the above; please spend 5 minutes and call me ,to make your next investments  and avoid risk or avoid foreclosure ,at 877 302 6500  or email me at frank@realtyadvantage.com

Click below to View this video on HAFA by the FHA

What is HAFA and its advantages to Buyers and Sellers

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