Buying Foreclosures, REOs. Short Sales, FSBO, MLS and More

Since this forum mostly focuses on commitment and effort, I'm trying to figure out the difference between the choices we make and the ultimate fate we end up with.

For instance, if only 5 positions are available and 50 people apply the same exact technique to reach that position, how is it that only 5 are rewarded for their efforts? Who determines the failure of the other 45?

We all want to succeed in RE, but for some reason some are successful and yet others are struggling to get their first deal. Could it be that some are just destined to succeed? Can it ever be that all can succeed? After all, if there are only 5 positions available and 50 people apply the same technique to succeed, 45 must lose one way or the other.

My relocation has definitely been a good choice! It is so exciting to now live where people ACTUALLY call you when you put out bandit signs!

The very first week that I was here, a retired doctor called us. He had just paid cash for a new house in Aug '12. FMV $169,900. He is from up North and has a family member that is ill and he very much wanted to relocate ASAP! Said he knew he would lose a lot of $$ but that didn't matter to him. He just wanted it done FAST!

Right now, in this area, there are about 5,000 houses for sale. Avg DOM is 180. He didn't have time to wait.

Got it under contract for $105K and We would pay all his closing costs.

I got a call last night from a bandit sign.

The person wants to sell without the real estate agent.

I know there was a question form to ask the owner specific questions about the property and the proper way to set up a deal.

Can someone help or shall I call customer service?

I appreciate the help.

First of all, anyone can buy a VA foreclosure - even non-veterans. VA properties tend to be in better condition than other foreclosure properties because VA is actively involved in restoring properties into livable condition.

If you qualify, VA offers loans with no down payment or mortgage insurance which can accelerate your return on your investment. There is never a pre-payment penalty and VA loans are assumable.

I'm a R.E. Sales Agent available to everyone who needs help finding great properties for sale under $60k in Florida

My Finder Fee is $3,500.00 per property. Anyone interested, shoot me an email immediately to find them asap.

Thank you and God bless you,
Liz Lyn

The final rule for Section 32 Homeownership was published March 11, 2003, and became effective April 10, 2003. Previously approved homeownership programs will continue to operate under the existing Section 5(h) rule. Please note that both regulations have the same number, 24 CFR 906, and are accessible from this site.

The Quality Housing and Work Responsibility Act (QHWRA) permits PHAs, through Section 32 of the U.S. Housing Act of 1937, to make public housing dwelling units available for purchase by low-income families as their principal residence. Under Section 32, a PHA may:

Sell all or a portion of a public housing development to eligible public or non-public housing residents;
Provide Capital Fund assistance to public housing families to purchase homes; or,

A student had a very interesting question regarding HUD properties and whether if two names appear on the title that both have to live there. According to LAW:
They believe so. There may be exceptions for special cases but normally whoever is on the deed should be living there.

HUD always offers houses to owner occupants first and only to investors after the house has been on the market for a while.(30-90 DAYS) This has meant the investors often never got a chance at buying these houses.

The reason for this occupant rule is that some investors in the past would have a relative/friend occupy the house. They would then buy up a number of HUD properties this way when a person is really only supposed to be able to buy one as an occupant.

Single Family
3 bedrooms
1 full baths
Built in 2001
1,008 square feet
0.21 acres

Eat in kitchen, Pets allowed, Shingle roof, Water softner, Patio, Fenced, Short Sale, Carpet, Vinyl flooring, Washer/dryer hookups, Laundry room/area, Central air conditioning, Central heat, Hot water heat, Electric heating, Dishwasher, Range and oven, Pantry, Ceiling fan(s), Window treatments, Septic sewer system, Water supply from well(s), Level lot, Trees, Professionally landscaped, Lot size is 1/4 acre or less, Attic

Single Family

3 bedrooms

2 full baths

Built in 2008

1,076 square feet

0.15 acres

82 Days on Site

Property Description:

Bank owned small 3BR 2BA home built in 2008.

Additional Information:

Features:

Attic, Concrete block stucco, Shingle roof, Foreclosure, Carpet, Central air conditioning, Central heat, Public water supply, Lot size is 1/4 acre or less