Paddy Deighan Real Estate Blog

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Paddy Deighan, creative solutions for complex real estate situations. Foreclosure defense, short sale, deed in lieu and loan modification

ARCHIVED BLOG POSTS

2011 

Virtually every day, I receive a call from a real estate professional or home owner that inquires about filing "the lawsuit" to stop a foreclosure.  It seems that many believe the separate lawsuit (or a lawsuit in the even of a non judicial foreclosure) will stop the foreclosure process.  Where d...
Posted almost 3 years ago
Many real estate investors contractually arrange to be able to immediately list the property for sale (at a higher price). Legally, there is no problem with this (if done correctly). For example, I recommend stating that the seller is a "contract buyer".  This removes the property from the stigma...
Posted almost 3 years ago
There is a disturbing trend in short sales....an investor puts a property uder contract and begins to market tghe property for future sale.  Listing agent discovers that there may be a higher offer. They then tell the short sale lender! This is a mistake for valid legal reasons.  The listing agen...
Posted almost 3 years ago
With the tremendous number of investment opportunities available today, many investors find themselves wondering where to begin. Some investors discover that it may not make sense to invest in their own market, so they investigate opportunities in other states. Other investors find that there are...
Posted almost 3 years ago
Zillow announced last week that home values have fallen for a 57th straight month. This is clearly not good news for anyone but, it has hit beneficiaries of the $8,000 tax credit for first-time homebuyers particularly hard.  The Wall Street Journal, announced that the first time home buyers (that...
Posted almost 3 years ago
  Zillow announced last week that home values have fallen for a 57th straight month. This is clearly not good news for anyone but, it has hit beneficiaries of the $8,000 tax credit for first-time homebuyers particularly hard.  The Wall Street Journal, announced that the first time home buyers (th...
Posted almost 3 years ago
The National Association of Realtors (NAR)reports that foreign clients and investors spent $41 billion in the United States last year, and that does not include the additional $41 billion that “individuals with visas to stay for more than 6 months” spent in the same period of time. To put that in...
Posted almost 3 years ago
This comes from the son of an Appellate Court Judge so I tend to be defensive of the judges...However, this seems wrong!!! A judge in South Carolina has placed all foreclosures in that state on hold as of this week so homeowners could "mitigate their losses and perhaps modify their loans". Do you...
Posted almost 3 years ago
Here is the hypocrisy in the Obama administration policies on real estate (okay, actually there are many, but here is ONE): they induced tens of thousands of families to purchase real estate by incentivizing them with a federal tax credit. Many home owners received an $8,000 federal tax credit as...
Posted almost 3 years ago
Many real estate investors are turning to purchasing a note as it becomes more and more difficult to purchase short sales. As in many aspects of life, there are advantages and disadvantages to this. One such example of a potential pitfall is RESPA. RESPA was enacted in 1974 as a means of proper d...
Posted almost 3 years ago
Rainmaker
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Paddy Deighan JD PhD

Paddy Deighan J.D. Ph.D
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Author Bio: Paddy Deighan earned his Juris Doctorate and PhD Paddy consults with home owners on all of their distressed property needs

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