by Leila Mortaz | May 14, 2013 | Uncategorized
Buying a Bank Owned (REO) property is a purchase from an institutional seller and is very different from buying from a private seller. For starters you are NOT negotiating with the bank directly and there are 2 entities between you and the bank. One is the REO...
by Leila Mortaz | May 13, 2013 | Uncategorized
Last week we wrote about the crazy Short Sale by IndyMac bank which was forcing us to lose sleep and hair at the same time in the Part 1 of this Insane Bank Practices on Short Sale. Well, we have good news to report that after we advised our client to file a complaint...
by Leila Mortaz | May 13, 2013 | Home Seller Tips, Uncategorized
This is the 2nd part of the series on buying a Short Sale home which is NOT for the faint of heart cause there are too many moving parts including a lender who could be trying to foreclosure on the property. In a Short Sale you could also have a stressed seller who...
by Leila Mortaz | May 7, 2013 | REOs, Uncategorized
Are you writing offers on REO properties for your buyers!? Are you constantly facing Multiple Offer situations!? Are you losing these deals?! Please read on….. We listed an REO property in San Jose recently which had some serious potential and thanks to our...
by Leila Mortaz | May 6, 2013 | Short Sale Expert Advice, Short Sales, Uncategorized
It’s not secret that banks are now the most powerful institutions in US with strongest lobby in Congress and least regard on how they are viewed on the Main Street. So, it’s no wonder the process they have set up to deal with distressed home owner...
by Leila Mortaz | May 1, 2013 | Uncategorized
The assets seized by FDIC as part bank failures are auctioned routinely and you can purchase them directly from FDIC. FDIC website shows each of these Assets with legal description and Legal Notices associated with each property. As recent as April 2013, FDIC was...
