By Dennis Norman, on October 6th, 2009
Dennis Norman
Many investors see short-sales and foreclosures as opportunities to make money in this challenging real estate market. If you are one of them, or agree, rest assured, there are plenty more “opportunities” coming.
According to a report just released by the Federal Housing Finance Agency, the number of short sales and foreclosures continue to increase.
[...]
By Dennis Norman, on September 22nd, 2009
Dennis Norman
I was at a real estate industry function last night and, while talking with Dave, a commercial real estate broker, an interesting topic came up. We were discussing the residential market and potential buying opportunities, concerns about an oversupply of rental property, etc. Dave then asked if I thought sale-leasebacks would be a good approach? Sale-leasebacks [...]
By Dennis Norman, on September 3rd, 2009
Dennis Norman
By: Dennis Norman
I have written a couple of previous posts about a practice that has gained popularity over the past couple of years: the use of an option contract to “buy” a property on a short sale and, assuming the investorcan find a buyer, flipping the property to a new buyer on the same day [...]
By Dennis Norman, on July 2nd, 2009
Dennis Norman
By: Dennis Norman
This past Monday I did a post on short sales where I addressed the use of option contracts by investors on short sales. Since then I have spent a lot of time discussing and researching this approach to short sales.
I always try to keep an open mind when I look at [...]
By Dennis Norman, on June 30th, 2009
By: Dennis Norman
Today the Office of the Comptroller of the Currency (OCC) and the Office of the Thrift Supervision (OTS) released their mortgage metrics report for 1st quarter 2009.
The report shows foreclosures continued to increase during the first quarter of this year. However the report also shows a significant increase in short-sales which I discussed yesterday [...]
By Dennis Norman, on June 29th, 2009
Dennis Norman
By: Dennis Norman
A recent study shows that 20% of homeowners owe more on their mortgage than their homes are worth. This, coupled with the challenged market we have been in the last year and a half or so, has led to a record number of “short-sales”.
A short-sale is something that was relatively unheard of [...]
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