buying: Buying Bank Owned Properties, REOs - 01/11/09 02:48 PM
Various forms of Stress can create opportunities to purchase real estate at bargain prices.  A promotion or new job requiring relocation for the Seller is a rare positive event.  Most opportunity causing events, however, would be considered negative from the Seller's point of view.  Job loss, health issues, medical bills, divorce and even death can all create stress which will eventually force a sale.      
When a property's mortgage is moving towards default, there are possibilities to negotiate a deal, but many of those transactions can get quite complicated.  Making a deal with an owner under pressure can be tough.  If the mortgage holder needs to accept less than the full … (1 comments)

buying: Buying Bank Owned Properties, REOs - 01/01/09 01:06 AM
Various forms of Stress can create opportunities to purchase real estate at bargain prices.  A promotion or new job requiring relocation for the Seller is a rare positive event.  Most opportunity causing events, however, would be considered negative from the Seller's point of view.  Job loss, health issues, medical bills, divorce and even death can all create stress which will eventually force a sale.      
When a property's mortgage is moving towards default, there are possibilities to negotiate a deal, but those  transactions can get quite complicated.  Making a deal with an owner under pressure can be tough.  If the mortgage holder needs to accept less than the full amount … (0 comments)

 

Matt Peters

(New Mexico Broker)

Albuquerque, NM

More about me…

RE/MAX Premiere

Address: 3701 San Mateo NE, Suite 200, Albuquerque, NM, 87110

Mobile: (505) 269-4791

Office: 505(237) 975-0227

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