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Government & Bank REO Websites
Here are some government and bank REO websites:
http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp
http://www.bankrepobustours.com/BankREOs.php – this is my other website.
Enjoy,
Angella
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4. March 2010
Credit Card Reform May Shock You – Not What You Thought!
Credit Card Reform May Shock You
Your next credit card statement is going to contain an ugly truth: how much that card really costs to use.
Now, thanks to a long-awaited law that goes into effect Monday, you’ll know that if you pay the minimum on a $3,000 balance with a 14 percent interest rate, [...]
1. March 2010
Home Price Decline Slows, But More Drops May Be Ahead
Home Price Decline Slows, but they still predict an average nationwide home price decline of 5%. However, some of the SoCal areas that are the best for investors have already bottomed out last year, and will not go any lower. Regardless, this is a great time to buy, so make sure you don’t miss the [...]
27. February 2010
ENOUGH ALREADY!!! New $1.5B Obama Foreclosure Prevention Program To Save A Few Select?
The new Obama Foreclosure Prevention Program is supposed to save a small number of homes, in five hardest hit states, from going into a foreclosure? How many homes? At $100,000 per family, the plan is only going to help 15,000 families. Why are we stretching this out? Just let the economy recover on it’s own, [...]
26. February 2010
Loan Mortgage Modifications More Successful Lately
Loan Mortgage Modifications More Successful Lately -
As of last month, Bank of America Corp. had completed loan mortgage modifications for just over 5 percent of the roughly 240,000 borrowers who started the process. JPMorgan Chase & Co. and Citigroup Inc. were also below 10 percent.
The government “massively overestimated the ability of the mortgage industry to [...]
23. February 2010
Financial Questions to Ask After ‘I Will’, but Before ‘I Do’
Financial questions to ask before you get married – a great article:
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All over the country on Valentine’s Day, men were down on bended knee proposing marriage. They spoke of love and affection and devotion. Few, however, mentioned what really matters: money.
Crass, maybe. But true nonetheless.
When you think about it, couples don’t fight over love. They [...]
22. February 2010
30-Minute Conversations to Real Estate Success
30-Minute Conversations to Real Estate Success – Another great article for beginner real estate investors. Enjoy! Angella
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You’ve probably heard that one of the fastest ways to get what you want is to surround yourself with people who already have it.
I’m a firm believer in this, and frankly its something I’m still working to do more [...]
20. February 2010
Avoid IRS Tax Audit
Tax Audit – How To Avoid One!
Worried about a tax audit? Maybe you should be. More Americans than ever may be subject to unwanted attention from the Internal Revenue Service this season as the government pumps billions of dollars into tax collection.
More than 1.4 million Americans were audited last year, the most in a decade. [...]
18. February 2010
Foreclosures down in January 2010, but surge on way?
Foreclosures down in January, but expect a surge later this year, especially after the First-Time Home Buyer Tax Credit expires in April.
Among states, Nevada posted the nation’s highest foreclosure rate, followed by Arizona, California, Florida and Utah. Rounding out the top 10 were Idaho, Michigan, Illinois, Oregon and Georgia.
The metro area with [...]
16. February 2010
How to Organize Bills & Mail
How to Organize Bills – a great article on doing it by mail or electronically. When I was doing them by mail, I used a 4 file system, similar to the four “D” system described in the article. My file had 4 slots: To Toss, To File, To Do, & To Pay. Once I had [...]
16. February 2010
Closing Escrow Smoothly – Here’s How It Should Go!
Closing Escrow Smoothly – Here’s How It Should Go!
Closing costs –
There are various fees and costs required at the time the property closes. Closing costs usually range from 2 percent to 6 percent of the sale price. As you are planning out your offer, its important to distribute your cash available for the transaction [...]
14. February 2010
Wholesaling Real Estate 101 – Step by Step
Here’s a great step-by-step article about Wholesaling Real Estate. Click here for the link if you want to see the original article.
Enjoy,
Angella
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Step #1: Market for a Motivated Seller
Behind every great real estate deal is a motivated seller, and your job as a wholesaler is to get your marketing message in front of as many of [...]
5. February 2010
Top 5 Credit Repair Experts on Twitter
Top 5 Credit Repair Experts on Twitter
From my friend’s blog Megan-McGinnis.com… Great info, or check out our Credit Category on how to repair the credit yourself. Take care, Angella
1. D Ruiz | ( ihavegoodcredit on Twitter ) Guru of Credit (26yrs!) Please read my FAVORITES. You found it, the REAL DEAL of credit repair, Author, [...]
5. February 2010
10 Steps To Success In Real Estate
10 Steps To Success
Write a business plan to outline your path to success
Ensure that it includes SMART goals and SWOT analysis
Choose ONE or TWO acquisition and exit strategies
Become master of these strategies i.e. MASTER the BASICS
Avoid being sidetracked by any other opportunities
Thoroughly research any market before entering it
STAY FOCUSED on your plan and goals
Think LONG [...]
3. February 2010
More Borrowers Pay Credit Cards Before Mortgages
More Borrowers Pay Credit Cards Before Mortgages
It’s exactly the opposite of the norm. Usually cash-strapped Americans during tough economic times will miss credit card payments before they’ll miss mortgage payments.
Welcome to the new world order.
The percentage of borrowers who are delinquent on their mortgages but paying their credit card bills on time is growing, to [...]
2. February 2010
Top Foreclosure Cities: 2009’s 20 Worst-Hit Cities
Top Foreclosure Cities
Duuuuh… Of course there’s a drop in the foreclosure filings – banks had a foreclosure moratorium over the holidays!
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Foreclosure plague: 2009’s 20 worst-hit cities
By Les Christie, staff writer , On Thursday January 28, 2010, 5:55 am EST
Cities in the so-called Sand States dominated the foreclosure rankings in 2009, with the 20 worst-hit [...]
31. January 2010
Protecting Tenants at Foreclosure Act of 2009
Protecting Tenants at Foreclosure Act came into effect in May 2009, provides protection for tenants, including tenants in housing subsidized by Section 8, who are living in homes subject to foreclosure.
Highlights: Under the Protecting Tenants at Foreclosure Act:
All tenants must receive a 90-day notice before being evicted as the result of a [...]
30. January 2010
Government Bailout! It’s a JOKE – sorry, couldn’t help it…
A modern day cowboy has spent many days crossing the Texas plains without water.
His horse has already died of thirst.
He’s crawling through the sand, certain that he has breathed his last breath, when all of a sudden he sees an object sticking out of the sand several yards ahead of him.
He crawls to the object, [...]
30. January 2010
Areas To Invest: High-Speed Rail Through Palmdale, Ca
We’ve been talking about the Antelope Valley area (Lancaster/Palmdale – click HERE) being one of the best ones to invest in SoCal, and below is another reason to add why many of us have been investing in that area for years.
The plans for the high-speed rail network will create over 200,000 new jobs between Bakersfield, [...]
28. January 2010
Piggyback Mortgage Plan – Release of 2nd Liens
‘Piggyback’ Mortgage Plan – will it work?
This article covers it all – Lenders who deserve what they got (for allowing ANYONE to take out a 2nd loan and trying to avoid the PMI); critics who claim it’s unfair to people who are still paying their mortgages on time and a bailout for banks that made [...]
28. January 2010
California Default Notices Fall 24% in 4Q
California default notices have fallen because the banks do not want to foreclose, even though lots of homeowners are still defaulting. These numbers definitely do not mean that the RE market is recovering. See article and comments below:
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By ELLIOT SPAGAT, AP Business Writer Elliot Spagat, Ap Business [...]
26. January 2010
Top 10 Commercial Real Estate Experts on Twitter
From my friend’s Megan McGinnis’ blog (http://MeganMcGinnis) – thanks for compiling the list Megan! Follow these Commercial Real Estate Experts on Twitter and learn from them…
1. Duncan C. Wierman | ( DuncanWierman on Twitter ) — Software CEO turned Real Estate Investor / Marketer. I show you how to use creative online marketing methods to [...]
25. January 2010
FHA Wavies 90 Days Seasoning For One Year
FHA 90-Day Anti-Flipping Rule Waived For One Year – In an effort to stimulate home sales, HUD has announced that as of February 1st it will suspend its 90-day anti-flipping rule. This should have the effect of making FHA loans more easy to obtain for recently refurbished homes.
With certain exceptions, says HUD, “the FHA currently [...]
24. January 2010
The Future Of Short Sales – Video
The Future Of Short Sales
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24. January 2010
Reasons to Prevent a Foreclosure – Video
Reasons to Prevent a Foreclosure
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23. January 2010
10-Day Short Sale Time Limit May Spur Housing Market
Short Sales – New U.S. Treasury guidelines that put a 10-day time limit on short sales, and add financial incentives for buyers and sellers could help homeowners on the verge of foreclosure.
Homeowners stuck while banks mull whether to approve short sales could benefit from new federal guidelines that give lenders a 10-day limit to respond [...]
22. January 2010
Hurry, We Are Closing Tonight!
Today is your LAST CHANCE to get in as an iDuplicate Member as new member enrollment closes at MIDNIGHT tonight Eastern Standard Time.
Someone asked me today to sum up iDuplicate in one quick sentence…I said “If you have an idea, a business or cause you want to get out there in a BIG way, Iduplicate [...]
19. January 2010
Effect of Foreclosures vs. Short Sales on Credit
Effect of Foreclosures vs. Short Sales on Credit
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15. January 2010
Top 10 Tips For LinkedIn!
Top 10 Tips For LinkedIn Use!
LinkedIn Tip #1: Have a Plan
Decide what you want to accomplish before you start. LinkedIn, like other business oriented social networking sites, offer a number of ways to generate the results you are after. Want to present your company? Looking for a job? Network with like-minded professionals? [...]
10. January 2010
Loan Principal Reduction Program For Investors
Loan Principal Reduction Program – Scroll down past the article…
Servicers who lower distressed homeowners’ mortgage payments by reducing the principal balance, as opposed to just making interest rate adjustments, are much more likely to see the payments keep coming in and ward off a redefault, according to a new study published by the Federal Reserve [...]
9. January 2010
Article Marketing Secrets Video
Another powerful iDuplicate Success Pre-Launch Training Video just went LIVE: “The Ins and Outs of Article Marketing.”
In this 35 minute video you will learn a highly effective way to get quality targeted traffic to your website. More targeted traffic mean higher conversion rates and increased sales.
iDuplicate Success Advisor Demetrios Tzortzis walks you through [...]
7. January 2010
Video – How to Get Targeted Traffic to Your Blog
Iduplicate Success Pre-Launch Training Video #2: “How to Get Targeted Traffic to Your Blog – Secret Leaders List Strategy.”
Iduplicate Success Advisor Mike Ballantyne shares with you the secret techniques you can use to create huge targeted traffic to your blog and build your friends list on Facebook.
Opt in on the right side and [...]
7. January 2010
To Stop Foreclosure Or To Let The House Go? Your Options!
To Stop Foreclosure Or To Proceed? Your Options!
Here’s a good series of videos recorded by Ed, on your options if your property is upside down.
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5. January 2010
Iduplicate Success – Members Area’s Preview Videos are now LIVE!
Iduplicate Success Members Area’s Preview Videos are now LIVE!
As iDuplicate was being developed the co-founders shared it with other leading internet authorities and beyond the praise for the information and delivery system, several of them said “you are not charging enough and giving away too much value.”
That being said, there was a moment of temptation [...]
4. January 2010
It All Starts Tomorrow…. Jan 5th
The new iDuplicate.com Pre-Launch site goes live at exactly 9:00 am PST tomorrow, January 5th, 2010.
Get ready to turbo-charge your Internet Marketing -Social Media know-how during two full weeks of Special Video “Sneak Previews” including 7 content-packed videos, a guided tour of the new
Iduplicate Success Private Members Training Platform, as well as plenty of [...]
2. January 2010
It’s coming January 5th, 2010…
It’s coming January 5th, 2010…
Want to know why everyone is talking about the upcoming launch of the new “Iduplicate Success” Exclusive Members-Only Internet Marketing – Social Media and Business training platform? Read below, but I actually took the “beta” training over the last three months and it was Priceless! I seriously didn’t know what Blogging, [...]
1. January 2010
Do Your Best EVERY Day!!!
Do your best every day, and you will succeed in 2010. Even when we think we’ve done our best, we just need to dig a little deeper to find out that we CAN go that extra mile! Doing everything at the top of their game is what separates really successful people from everybody else.
Do your [...]
1. January 2010
Top 10 Real Estate Trainers on Twitter
Top 10 Real Estate Trainers on Twitter – A great post borrowed from Megan McGinnis @ http://Megan-McGinnis.com:
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1. Peter Olsen | ( PeteOlsen on Twitter )
At Rent To Own Homes, LLC. we are looking for homes in all 50 states that we can rent to own!
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2. Joe Manausa | ( HousingReporter on Twitter )
Tallahassee Real Estate [...]
31. December 2009
Improving Your Credit Score Part 2 – Tweak Your FICOs by 20 Points Quickly
Improving Your Credit Score Part 2 – Tweak Your FICOs by 20 Points Quickly
You can increase your FICO scores by tweaking your credit even if there’s nothing incorrect on it. By cleaning up a few items most people don’t even think of, you can tweak your FICOs by 10-20 points. First obtain your free credit [...]
30. December 2009
Improving Your Credit Score Part 1 – Preferred Types of Credit & Amounts
Improving Your Credit Score Tips
So what are some specific tips for boosting or improving your credit score?
Amounts Owed Tips
Keep balances below 30% on credit cards and other “revolving credit”
Pay off debt rather than moving it around
Don’t close unused credit cards – keep them open and use them once every few months
Don’t open a number of [...]
27. December 2009
Hate it!!! Home Foreclosure Moratorium For the Holidays
Home Foreclosure Moratorium Over the Holidays again – so when is someone going to give me a moratorium on my mortgage payments?
“Some lenders have declared limited foreclosure moratoriums this year to give troubled borrowers time to catch up on their payments or work out other solutions. Those announcements continued Thursday: Mortgage titans Fannie Mae and [...]
26. December 2009
Still Loving You (Filarmonica De Berlin) – Scorpions Video
No reason to post this, except that it’s a really cool video. Enjoy! Angella
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22. December 2009
AMAZING Videos! Sand Drawings…
Sand Drawing by Kseniya Simonova
12 Year Old Artist
More Sand Drawings by Kseniya Simonova
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20. December 2009
Real Estate Investing – Areas to Buy In (2 of 2)
Real Estate Investing – What are the areas with the highest population and job growth in SoCal? I’ve pasted the excerpts from the SCAG reports below, but to summarize the results it’s the Antelope Valley (Palmdale/Lancaster) with a 168% population growth, and West Riverside County, with an 86% growth.
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North LA County Subregion (Antelope Valley) (pg [...]
20. December 2009
Real Estate Investing – Areas to Buy (1 of 2)
Real Estate Investing can be tricky and confusing, especially for beginners. So you’ve decided it’s time to start investing in Real Estate, since this truly is the “once in a lifetime opportunity” everyone is talking about, but don’t know which areas are the best to invest in?
Each locality has a Planning and Development organization, [...]
17. December 2009
Home Affordable Modification Program (HAMP) Update
Home Affordable Modification Program (HAMP) Update – I missed this HAMP update yesterday. Although the changes are not all that relevant to most loan originators, struggling homeowners should take note.
From the release:
Critical Home Affordable Modification Program Waiver Granted to Participating Servicers
Effective today, a new critical Home Affordable Modification Program (HAMP) Waiver is granted to [...]
14. December 2009
Free Real Estate Legal Forms
Free real estate legal forms are not something you can use every time you need one, since each state has their own format and legal verbage. But if you are looking for free legal forms to use as a reference, this is a great website to find them: http://lectlaw.com/formb.htm
I use this website to find [...]
13. December 2009
What Does Buying an “As Is” Home Really Mean??
Buying an “As Is” Home article is correct regarding all of the points made, but it did omit one important item – there’s nothing wrong with asking for a price reduction, or cashback towards repairs, after the inspection has been completed.
When representing Buyers, even on a bank repo clearly listed as an “As Is” house, we [...]
9. December 2009
Mortgage Loan Limits for Conventional, FHA and VA
The mortgage loan limits and policies established in 2008 and 2009 will continue through 2010.
There are several types of mortgage loan limits. Generally, most borrowers need to look at conventional, FHA and VA loan limits to see how much can be financed with the most-widely originated loans.
If you borrow at or below the conventional mortgage [...]
7. December 2009
The Real Reason So Many Home Loan Modifications Fail
This guy is so right, it’s not even funny! Enough with wasting our tax payer’s money and dumping good money after the bad!!!!!!!!!!!!!!!!!!
Loan Modifications, or rather the majority of them, fail. That’s the simple truth. Want to know why? Take a look at the article ( click here for a link).
If you are in the [...]
5. December 2009
FICO Credit – Revealed: How Common Credit Mistakes Affect Scores
The “damage points” data, unveiled recently by FICO, are part of the most revealing glimpse into the firm’s once-secret — and still mysterious — credit scoring model. The new information discloses how many points borrowers’ scores will drop when they make the most-common mistakes.
Did you max out your credit card? Expect a credit score drop [...]
4. December 2009
Housing Slump May Worsen Next Year, Not Get Better
Housing slump worsening is actually pretty good news for the real estate investors. With the way this recession has been going, it’s been hard to make heads or tails of anything. Rather than letting the economy take its natural predictable course, the government interference and all of the programs they’re coming up are delaying the inevitable.
The [...]
6. March 2010
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