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Littlerock : Real Estate Advice

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  • Home Buying2
  • Home Selling1
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Activity 7
Wed Jul 29, 2015
Johnny James answered:
Mon Jul 29, 2013
Johnny James answered:
In my experience REO escrows are not slow. if you want a slow escrow buy a short sale.
0 votes 6 answers Share Flag
Thu Jul 5, 2012
Homeliberty answered:
HomeLiberty has a program that is exactly what Macgreggor is asking for. We cash buy the REO property and then sell it back with seller financing. There is no need for goofy HELOC or 3rd party financing.

It's not a lease-buy-back. It is straight sale with a 30 year fixed note.
... more
0 votes 5 answers Share Flag
Sun Mar 21, 2010
Michele Hunt answered:
Hi Sherry,
I don't believe there will be a flood of REO's hitting the market...right now it's a trickle, and i think it will remain so for quite some time.
While I understand why you think you want the flood to hit, please remember the last one...it blew alot of escrows apart because the values went down approximately 10% ON AVERAGE in just ONE MONTH here in the Antelope Valley. Just sit and consider that for a moment, and then think about all your listings and your escrows... you will quickly realize that you really DON'T want that to happen (again).
I think what we really want is for the supply to come even with the demand, which would make it tons easier for us to find a decent home for our non-cash/FHA/VA buyers! That's all I want...I am so tired of writing great offers for worthy homebuyers over, and over, and over again, just to be beat out again and again....and again.
One thing I can certainly tell you is that the banks have all stepped up their foreclosures, so the tide is beginning to turn.
Respectfully,
Michele M. Hunt, GRI, CRS, SFR, CDRS
Broker Associate
1998 REALTOR of the Year
DRE #00922428
Realty Executives Platinum
... more
0 votes 7 answers Share Flag
Sun Mar 21, 2010
Gerard Dunn answered:
No

There are programs for primary residences that will allow you to finance 100% - but second homes are not an option.
0 votes 5 answers Share Flag
Sat Oct 31, 2009
Sherry Ferfes answered:
The first step should be to contact your Realtor and see if they can help you.

Sherryferfes
Century 21 Doug Anderson
661-952-2602
Sherry.ferfes@century21.com
0 votes 1 answer Share Flag
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