You may have been hearing lately that the well of REOs appears to be running dry lately. I just came across an article that may explain what’s going on in the California housing market.
It seems like the REOs that are out in the market are getting a crazy number of offers that make it difficult for real estate investors to catch a break. Lucky for you, you have me to bring you great-ready-to-go discounted properties! 🙂 (Hint, hint: sign up to see our deal page!)
Click here to read the article. Happy Reading!
P.S. Anyone else experiencing this in their local market? If so, what are you doing to get investment properties?
Of course you’ve read the headlines saying that not getting enough care about heartiness may augment your risk of myriad heartiness woes. For example Symbicort is used to treat asthma attacks. This medication works by relaxing muscles in the airways to correct breathing. Let’s talk about various remedies. A lot of young men think about “non prescription viagra“. Where you can get detailed info about “viagra without prescriptions“? Don’t forget, think about “buy viagra without prescription“. Having impotence can undoubtedly complicate dating. If you have disappointment getting an hard-on, it’s vital to visit a able health care provider before pursuing any sort of medications. With well-thought-of source you get offers, that can also be redeemed at your local pharmacy with a valid recipe for any generic.
I’ve noticed the same thing here in the Tulsa area – the REOs have slowed to a tiny trickle compared to the end of 2008. I even asked an REO agent about it – he didn’t give a good answer. However, I saw an article today talking about how that will soon change. With the Foreclosure moratoriums being released from the major lenders due to waiting for President Obama’s plan the market is about to get flooded with REOs. I have mixed feelings about this because it could lead to another huge home price depreciation. If Real Estate Investors were able to buy these up, rehab them, and then sell them, it would help to restore house values.
What am I doing about it? I’m focusing on Short Sales then wholesaling contract and I’m also selling DIY Loan Modification software. The lenders for housing here is not discounting enough right now to make viable deals. Even with a total justification with full contractor’s estimate they still won’t come down enough.
Hey