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This Weeks Featured Article
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.
King County Foreclosure Auction Statistics for December 5th 2008
December 5th was one of the biggest days the foreclosure auction has seen in recent times in King County. After several dozen postponements there were a total of 203 properties left on the schedule for Friday morning’s foreclosure auction’s in Seattle and Bellevue.
Of those 203 properties:
11 were picked up by 3rd parties at the auction
51 reverted back [...]
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.
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 [...]
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 [...]
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 [...]
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
