Not Your Normal Broker

03/15/2024

Enjoy the weekend!

Back in late 2023, we got in the car with the Federal Reserve with the promise of a trip to our favorite place: the land of lower interest rates. In 2024, we keep asking "are we there yet?" The more we ask, the farther we seem to be from the destination.

12/21/2023

Rates lower...limited inventory equals higher prices.
Now is the time to get qualified for a new property.

10/31/2023

ATTOM Vacant Property and Zombie Foreclosure Report showing that 1.3 million (1,294,505) residential properties in the United States are vacant. That figure represents 1.27 percent, or one in 78 homes, across the nation – virtually the same as in the third quarter of this year.

10/31/2023

10/27/2023

The Pre-Foreclosure Paradox: sales of distressed homes with equity
allow homeowners to avoid foreclosure and benefit from that equity, but the pre-foreclosure marketplace also attracts predatory behavior.

The solution is more transparency that attracts more competition,
shining a light in this dark corner of the real estate market to
protect distressed homeowners.

A deeper dive into pre-foreclosure sale data reveals that while many
of these properties may have equity on paper, most are still selling
well below their estimated after-repair market value. An analysis of more than 40,000 pre-foreclosure sales that occurred between 2018 and 2023 — after previously being scheduled for foreclosure auction on the
Auction.com platform — shows the properties sold for 18% below their
estimated after-repair market value on average.

While some discount below market value is to be expected with these
properties — many are in distressed condition due to deferred
maintenance — a look at the discount by buyer type indicates that some
buyers are getting a bigger discount than others.

About one-third of the pre-foreclosure sales went to buyers identified
in the public record data as institutions, including companies,
corporations and limited liability companies. These institutional
buyers purchased pre-foreclosure properties for 30% below estimated
after-repair market value on average.

09/20/2023

Ways to stay in the black!
There is more to real estate than mortgages and buy/sell property...

09/12/2023

With the economy facing new challenges and fears of recession on the rise, will we finally see a return to pre-pandemic REO volumes? We're going to talk about it at the REO Forum, coming up at Five Star Conference.

This REO Forum will focus on changes you can expect in the market, and how to increase your sphere of influence and your market share (hint: it involves transferable skills from REO). We also have a panel of experienced REO attorneys led by Freddie Mac's REO Director, who will talk through what you need to know from their perspectives.



Find out what subject-matter experts believe will happen to REO volumes in the months ahead, where the opportunities will come from, and how asset managers and other stakeholders are preparing for these shifts.



Join the discussion when you attend the REO Forum at Five Star Conference!

06/23/2023

Fantastic event -
Finding new sources of lending -
Literally any type of property...any situation.

With banks consolidating private lenders are being sought out to fill the funding gaps.

Sponsor for NPLA
(National Private Lender Association)

05/18/2023

REO connect is a platform for real estate brokers to gain knowledge and contacts in the default real estate industry.

Five Star Institute REO professionals

02/10/2023

5224 Denny Avenue, #213 is coming on the market!
Take a look...

02/08/2023

We're not on the verge of a 2008-like housing bust..