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Distressed Home Owners category.
Are you an owner of a distressed property? Get advice and tips on how you can get out of your property.
REIF Announces Flat Fee Pricing for Foreclosure Auction Property Buyers
Redmond, Washington - Real Estate Investment Firm, the premier distressed property consultants in the region announced a new flat fee pricing structure for their clients and investors who purchase properties at the foreclosure auction in King, Pierce and Snohomish counties.
The latest news from REIF comes on the heels of their recent successful launch of their acclaimed online foreclosure tracking platform, a state of the art website which tracks and provides real-time updates on properties in foreclosure exclusively to REIF clients. In today’s announcement REIF implemented a pricing policy that instead of charging buyers the customary 3% commission, REIF has decided to drastically cut that cost by only charging a low flat fee that is based on the county in which the property was purchased. The new price their clients will pay when they purchase a foreclosure auction property is $3,500 in King county, $3,000 in Snohomish and an astonishing $1,500 for all foreclosure auction purchases in Pierce county.
REIF is the first and only full service foreclosure auction group in Washington to adopt the flat fee pricing model for their clients. Savings for a buyer on a typical $350,000 foreclosure auction purchase in King county would equal $7,000 by paying REIF’s flat fee verses paying the typical 3% commission still being charged by REIF’s competitors.
Those interested in learning more about the services REIF provides their clients are encouraged to attend one of their free weekly foreclosure buying workshops held every Tuesday evening at 5:30 pm at their downtown Redmond office.
Are you facing foreclosure or behind on your mortgage?
Free Counseling and Help is Here
If you are a homeowner that is facing foreclosure or you are behind on your mortgage payments and are concerned where to turn, there are three workshops scheduled in the coming days from Everett to Tacoma sponsered by local government agencies and nonprofit groups.
At the workshops, homeowners can learn about [...]
Contractors Board up House with Former Owner Still Inside
A man in Minneapolis, MN recently became a prisoner in what was formally his home after it was foreclosed on by the lender. As Ted Poetsch was working to get his pet cat into a pet carrier workmen were busy outside his home securing sheets of plywood over the windows and doors.
Luckily, Mr. Poetsch was rescued by his former attorney before [...]
Your Foreclosure Questions Answered
The Seattle Times had a Foreclosure Q & A session on their website today with an attorney and housing councelor answering peoples questions about foreclosure and the foreclosure process. There is some very good information given.
Click here for the link to the Times web site and the story.
Fannie Mae & Freddie Mac Temporarily Suspend Foreclosures
Last Thursday the twin mortgage giants Fannie Mae and Freddie Mac announced they were suspending all foreclosure sales and pending evictions beginning on November 26th through January 9th 2008. Shortly after the announcment I started receiving calls from associates and clients asking me what affect I thought this would have locally on foreclosures. My answer [...]
Join with REIF in Giving Back to the Community!
MISSION: Real Estate Investment Firm’s mission for the Toys for Tots Program is to collect new, unwrapped toys or cash donations during November and December, and distribute those toys as Christmas gifts to needy children in the community in which the campaign is conducted.
GOAL: The primary goal of Toys for Tots is to deliver, through a [...]
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 [...]
Tips on Evaluating Investment Properties
This is the continuation of sage real estate investment advice from Scott Linson at Real Estate Investment Firm’s latest educational meeting for our investors. This time, let’s talk about how to evaluate investment properties. It’s important to find the right value of the property you’re interested in. Several factors should be included in this.
Determine Your Project [...]
How to Find Investment Properties
It was standing room only with many first-time visitors at Real Estate Investment Firm’s most recent educational meeting. Scott Linson, President and CEO of American Home Team, Inc., gave us an informative presentation about how to evaluate a property in today’s market by determing ARV.
His useful and timely advice stems from 10 years experience in marketing/online [...]
Latest Foreclosure Auction Properties for King County & Snohomish County
At tonight’s Real Estate Investment Firm’s investors’ meeting, we recapped several foreclosed properties that sold at auction recently, to give our investors and first-time visitors a feel for the amazing deals that can take place. Here’s a prime example…Property ID # 2710, a beautiful 3,360 square foot home on an 8,125 square foot lot, is [...]
How to Tap into Your Retirement Account to Invest in Real Estate without Penalty
At Real Estate Investment Firm, we don’t just sell houses, we educate you, as well. On Tuesday, 05/06/08, at our educational meeting for our investors, we discussed another funding method for investing in real estate–retirement accounts.
Self-directed IRAs (Individual Retirement Accounts) can be utilized to invest in real estate. There are multiple strategies for doing this, including [...]
