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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 [...]
Low Prices on Foreclosures Incite Bidding Wars Among Would Be Buyers
The Seattle Times just published an article this morning on the bidding wars that are erupting between potential buyers for foreclosure and bank owned properties in several areas around the country. Most of the frenzy is taking place in the hardest hit ares for foreclosures such as Phoenix, Las Vegas, Southern California and South Florida.
Investors, [...]
Major Leage All-Star Purchases Malibu Foreclosure Property
Ryan Braun, the All-Star outfielder for the Milwaukee Brewers knows a good deal when he sees one. Braun just closed escrow on a bank owned foreclosure property located in Malibu that was once listed during the peak real estate prices of 2007 for $8.9M. Braun picked up the Mediteranian styled ocean view villa for the bargain basement price of $4.85M
To read [...]
Jared Higbee Joins REIF’S King County Foreclosure Auction Team!
Real Estate Investment Firm is pleased to announce that Jared Higbee has joined our King County Foreclosure Auction team.
Jared brings over 12 years of Real Estate experience to Real Estate Investment Firm. He has been a licensed agent for 10 years with a primary focus of consulting clients and investors on the purchase of distressed [...]
REIF Launches New Online Foreclosure Tracking Platform
Real Estate Investment Firm, LLC anounced Thursday July 2nd 2009 the launch of their new online platform for real-time status tracking of foreclosure auction or trustee sales sales in King, Pierce and Snohomish Counties.
The website, buyWAforeclosures.com, also provides clients with detailed property information, photographs, property condition reports, lien and judgement reports as well as direct to property links [...]
REIF Investors Make Quick Profit Buying at the Foreclosure Auction
“Can we really make money in this real estate market flipping houses?”
We hear that question quite a bit around our office. Usually it comes up on Tuesday during our weekly workshop for new clients & investors on “How to buy foreclosure auction homes, short sales and bank owned/REO’s”.
The answer is most definitely YES! With accurate property research and due diligence combined with a keen knowledge [...]
How to buy foreclosures, bank owned and short sale properties
Buying or investing in properties that are in the foreclosure process is your wealth building opportunity!
Did you know that NOW is the best time to invest in foreclosure properties?
Many people are interested in investing in properties that are in the foreclosure process, but are unsure of the steps to take to get started.
The market conditions of today have converged [...]
Bank Demolishes 16 Newly Constructed Homes After Foreclosing
Guaranty Bank recently foreclosed on 16 new and partially built homes in Victorville CA, a town 85 miles northeast of Los Angeles. Four of the homes were substantially completed and the other twelve were 50% completed or less.
Guaranty Bank, whose parent company, Guarantee Financial Group was recently issued a “cease and desist” order by the Federal Office of [...]
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.
