The Best Real Estate Dictionary

Real Estate Definitions

Introducing our new Free Real Estate Dictionary full of definitions and examples of common real estate terms.

Wells Fargo Follows B of A in Giving Away Homes

Wells Fargo

Just with the rental programs that Bank of America is working on, other banks are going to seemingly follow suit. Wells Fargo announced that it was giving a home to a family of a young girl who is fighting brain cancer. The home, located near the girls hospital in Michigan, is being given to the family mortgage-free.

Homeowner Beware - Be Careful Who You Get to Help

Homeowners Beware of Real estate Agents and attorneys

Distressed real estate has become a big business. Many people are looking to capitalize on people who are uneducated. Be careful when seeking help. If you are delinquent or behind on your mortgage, read this quick article before you do anything.

Bank REOs, What is Actually Going On?

What is going to happen to all the delinquent Bank Owned REOs?

Banks pulled one of the greatest magic tricks of all time. They made millions of Bank Owned REOs disappear. We all know that all great magicians make things re-appear afterwards. It seems that the banks are about to make the REOs re-appear now.

New Bank Owned REO Disposition Strategy - Give Them Away!

Bank of America to give 1000 homes away

Earlier this year, Bank of America started the new trend of banks trying to rent their foreclosed inventory rather than sell it. Now they’re going a step farther and looking to give away the homes!

More Large Groups Launch REO Rental Programs

Citi Bank Carrington Capital Management Partnership

Back in March we told you about Bank of America’s REO Rental Program. In this post, I told you that if Bank of America was successful, other large banks would follow suit. This prediction is now a reality.

Local Governments Taking Delinquent Homes?

Eminent Domain to seize private citizen's homes?

What would happen if local governments started seizing homes by eminent domain due to borrower delinquency? What kind of precedent would this set? Is it good or bad for stabilizing the housing market; or should we leave the market alone and let natural forces take over?

Top 10 Real Estate Mistakes Home Buyers Make

Top Ten Real Estate Mistakes Buyers Make

We’re all humans, and humans make mistakes. That’s just a fact of life. Unfortunately, when mistakes happen, they are often costly. Therefore, we owe it to ourselves to mitigate mistakes as best we can. We’ve written about all kinds of mistakes people make in real estate. Here is our list of the top 10 mistakes people make when dealing with real estate and real estate transactions.

The Importance of Checking Permit Statuses Before Buying A Home

Obtain the Proper Permits for House Upgrades & Modifications

When you buy a home, one of the most important things you should do is to check on statuses of permits for anything that looks to be an addition or a major modification to the home. For example, room additions, garage additions, bathroom additions, major remodels, adding a guest house or building a second story above the garage all must be permitted by the city.

Case Study - Two Unit REO in Long Beach California

I recently sold a two unit property in Long Beach for one of my bank clients. This was an REO. Unfortunately, when it was assigned to me, I had no clue what I was getting myself into…..