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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.
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 [...]
How to Buy King County and Snohomish County Foreclosures for Below-Market Prices!
Tonight’s Real Estate Investment Firm investors’ meeting was standing room only! Please continue to invite your friend and family to learn how to buy property for below-market prices! At Real Estate Investment Firm, we are here for you! We began the meeting with Kristian Aasgaarden, one of our senior partners, giving us the rundown of [...]
Investors Reap Huge Savings at King County Foreclosure Auction
April was a fantastic month for our investors who purchased properties at the King County Foreclosure Auction. On average the homes that were purchased by our investors were 35.5% under current market value.
Here are a couple of examples of investor purchases from April 2008.
Redmond Washington - Ames Lake neighborhood
Purchase Price $476,000 Market Value: $625,000 + $100,000+ for [...]
What can you expect from Real Estate Investment Firm
What can you, our client, expect from Real Estate Investment Firm?
Premiere Service & Support
Dictionary Definition: guide (n.)
1. One who shows the way by leading, directing, or advising.
2. One who serves as a model for others, as in a course of conduct.
Real Estate Investment Firm exceeds a high level of exclusive service to [...]
City of Seattle to Offer Foreclosure Relief Loans
Last Wednesday, Seattle Mayor Greg Nickels, announced a plan to help 40 families in Seattle stave off foreclosure and help them stay in their homes. Under the proposed plan, the city will provide $5000 loans through two non-profit groups, the Urban League of Metropolitan Seattle and Solid Ground to qualifying homeowners. The loans would not [...]
Suze Orman on the Today Show Discussing Tax Relief for Short-Sale Seller’s
On Thursday January 17th, Suze Orman was interviewed on the Today Show breaking down the recent tax law changes regarding short sales and other real estate or mortgage related issues. Near the end of the interview, Suze also mentions that Seattle is one of the best real estate markets in the country right now.
This short [...]
Seattle Times Foreclosure Auction Article
This Sunday’s Seattle Times real estate section had an interesting article regarding the King County foreclosure auction. You can read the full text of the article here. http://seattletimes.nwsource.com/html/realestate/2004086535_auctions23.html
Overall I thought the article was informative for the novice investor and didn’t really get anything wrong. It highlighted the fact that in King County, foreclosure auction [...]
Foreclosure Investing 101 - Post Auction Part 8 of 8
Stage 4 - Post Auction
Properties sold at auction are immediately legally owned by the winning bidder. Propertied not sold at auction revert back to the bank as an REO (Real Estate Owned). REO properties ultimately find their way back onto the market as REO or "bank [...]
Foreclosure Investing 101 - Auction Sale Part 7 of 8
Stage 3 - Auction Sale
The actual auction takes place in a public location in some cases literally outside on the courthouse steps. Bidders must have cash in hand to purchase a property and this may mean multiple cashiers checks to cover the variance in potential final bid [...]
