Angella's Real Estate Secrets & Insider Tips For Real Estate Investors

VA Vendee Program Contact Info

Click HERE to download the VA Vendee Program Flyer.  See the previous two posts for all of the additional info (and people’s experiences) you might need.
The website to look at property selection is VA.REOTrans.com
Here’s a direct line to my Loan Officer – she has been very helpful:
Samye Carter
Mortgage Loan Officer
Purchase Division
800-850-7655 Ext 1562135
Fax 866-373-9498
samye.carter@bankofamerica.com
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VA Vendee Program Facts

VA Vendee Program Facts & Info:
VA Vendee Financing Program offers 5% down financing for Real Estate Investors, and is now administered by the Bank of America.  It used to be called the VA Repo, or OCWEN program.
Click here to download a VA Vendee Financing Program flyer.
If you have access to the MLS, search for “veteran” [...]

VA Vendee Program Offers 5% Down Financing For Investors

VA Vendee Program Info & Questions:
VA Vendee Financing Program offers 5% down financing for Real Estate Investors, and is now administered by the Bank of America.  It used to be called the VA Repo, or OCWEN program.
I’m in the middle of qualifying for a VA Vendee Financing Program, AKA Veterans Administration Vendee Financing Program.   I [...]

Recoup Deposit When Short Sale Goes REO

Recoup Deposit When Short Sale Goes REO – Short Sale Hindsight
Q: I sent a short-sale contract termination notice to the seller’s attorney because the home was sold as a sheriff’s foreclosure and is now listed as an REO. The listing agent will not return my earnest money deposit unless the seller signs the cancellation rider. [...]

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

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 [...]

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, [...]

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 [...]

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 [...]

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 [...]

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 [...]

The Future Of Short Sales – Video

The Future Of Short Sales

Reasons to Prevent a Foreclosure – Video

Reasons to Prevent a Foreclosure

Effect of Foreclosures vs. Short Sales on Credit

Effect of Foreclosures vs. Short Sales on Credit

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.

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 [...]

Hate It!!! Fannie Mae To Rent Out Homes Instead Of Foreclosing

Fannie Mae “Deed for Lease” program is not something I’m too excited about.   Yes, I tried getting it approved for a friend of mine when she was being foreclosed upon, but in general why should someone get a free ride?  With the new program, the rent amount cannot exceed 31% of homeowner’s monthly income, so [...]