Tulsa Area Real Estate Broker - 918-645-1470 » foreclosure

Basics in Bulk REO Investing

Wayne — Wed, 11 Nov 2009 04:42:10 +0000

The REO investment packages available today have provided a way to profitably capitalize on the U.S. recession. The most successful Bulk REO Investors will have a well-respected source of funding for their transactions. [...]

Foreclosure Update

Wayne — Fri, 27 Feb 2009 04:04:55 +0000

According to RealtyTrac we have some new statistics. Top 10 State Foreclosure Rates 2008 1.Nevada 7.29 2.Florida 4.51 3.Arizona 4.49 4.California 3.98 5.Colorado 2.41 6.Michigan 2.35 7.Ohio 2.25 8.Georgia 2.20 9.Illinois 1.91 10.New Jersey 1.8

Do you notice something? Oklahoma is NOT on the list.

In fact, according to the Tulsa World, the Tulsa real estate market [...]

Foreclosure Facts

Wayne — Wed, 25 Feb 2009 00:04:49 +0000

I received a phone call today from someone very excited to purchase a house in the Jenks area which they had seen on one of the “Foreclosure Information” sites.

The tax records indicated the property had been assessed in 2008 at $151,000.

I checked on the all the information I could find and asked what [...]

Rethinking Foreclosures

Wayne — Tue, 24 Feb 2009 02:50:37 +0000

It seems everyone believes the infomercials that foreclosed houses can be purchased for 1/2 of what they are worth.

It may be time to come out of the clouds and reconsider that type of thinking.

If you owned a house that is worth $200,000 and you owe $50,000, or even $150,000, would you let the [...]