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Purchase distressed real property at discounts of 20-50% under today’s market value
King County Foreclosure Auction Sales Stats - December 2008
Here are the sales statistics for the King County Foreclosure Auction for the month of December 2008.
There were a total of 539 properties scheduled for foreclosure auction during December. Two thirds were canceled sales, almost a third reverted back to the lender, and just under five percent were purchased by a third party.
If you are interested in buying foreclosures or other distressed property anywhere in King, Snohomish, Pierce or Kitsap counties you are invited to atttent one of our weekly investor workshops on “How to buy foreclosures“. This workshop is held every Tuesday at 5:30 pm at our Redmond office. Seating is limited please reserve your spot today!
Will low interest rates bring buyers back to the table
Conforming 30 year fixed rates mortgage loans have dropped considerably this past week. Locally Citibank and Countrywide are offering a 30 year fixed conforming loan for 4.875% with a cost of 2.250% and 2.000% respectfully.
Will these never before seen interest rates prompt buyers back into buying again or will they sit on the sideline in [...]
Will Dec. 5th 2008 be the Biggest Foreclosure Auction Ever in King County
The foreclosure auction set for December 5th in King County, Washington is set to be the largest in County History.
Forbes Ranks Seattle #1 Real Estate Market to Rebound!
Forbes.com recently posted an article listing Seattle as the #1 real estate market in the country most likely to rebound. An excerpt from the story says “Seattle has a reputation for nurturing brainy industries like aerospace and software. That should help it weather the coming financial storm. Seattle also stays strong because of its [...]
Purhasing Foreclosures - Is It Hot Or Not?
Occording the Matt Steel, the owner of Real Estate Investment Firm, “this is the opportunity of a lifetime.”
As reported in a Seattle Weekly article on November 12, 2008, Steel talks about the current foreclosure market and how his company plays a part in it. Helping thier investors find the “Hot” properties at auction each Friday or [...]
Finding the right contractor can make or break a flip when it comes to investing in foreclosures
Often, hiring the right contractors to tackle a flip project is the difference between making a solid profit on a deal or going sideways or back wards on your investment.
While the current market necessitates more of a buy and hold strategy once in a while, a house ends up at the foreclosure auction and the numbers [...]
Why you should be buying foreclosure properties at the King County foreclosure auction
The month of October has proven to be a memorable one when it comes to buying foreclosure properties at the King County and Snohomish County Foreclosure Auction. The deals that are available today at the trustee foreclosure sale are the best I have ever seen.
The roller coaster swings of the stock market, the federal bailout [...]
If You Want To Invest in Foreclosures - You Need to Understand Lien Priority
Real Estate Investment Firm is a full service real estate investment company dedicated to assisting our clients create long term and lasting wealth through real estate investing. We specialize in Foreclosure Auction Purchases, Short Sales, and REO/Bank Owned properties. We invite you to attend our weekly “How to Buy Foreclosures” workshop held every Tuesday evening at our downtown Redmond, WA office. For more information or to register go to www.realestateinvestmentfirm.com
King County Foreclosure Auction - September 2008 Sales Stats
Below are the foreclosure sale statistics for the month of September 2008 at the King County Foreclosure Auction. The foreclosure auction takes place each Friday beginning at 10:00 a.m. at two locations in King County. In front of the King County Administration Building in Seattle and in Factoria outside the offices of Northwest Trustee Services [...]
Two “Gems” purchased at the July 18th Foreclosure Auction
The foreclosure auction was very good for our investors on Friday July 18th 2008.
We purchased two properties at auction that day and both were exceptional deals. The first property was a beautiful home in the Bridle Ridge neighborhood of Bellevue. Tne home was last sold in December 2006 for 1.099M. The prior owner then proceeded to [...]
How Appraisals Work
Thanks for coming back the final segment of Scott Linson’s wonderful real estate investment advice at Real Estate Investment Firm’s recent educational meeting for our investors about property valuation. Let’s talk about how property appraisals work–your own version, as well as those by professional appraisers.
When it comes to your property’s appraisal, it’s important to understand the components used [...]
