Category: Loan Agreements

By Simon Volkov

REO properties are quickly becoming highly sought-after by both novice and seasoned real estate investors. Also known as “real estate owned”, “bank owned”, and “bank foreclosures”, REO’s are properties which have been returned to the bank after attempts to sell them through auction have failed.

In the past, buying REO properties was somewhat limited to serious real estate investors. It was one of those hidden-gem secrets that average investors weren’t privy to. With today’s recession and real estate slump, many first-time home buyers and novice investors are turning to REO properties in hopes of purchasing a home under market value.

Nearly any type of property can become bank owned including single- or multi-family dwellings, commercial buildings, farms and vacant land. When property is returned to the bank it is managed through the bank’s loss mitigation department. In order to bid on REO property, you will be required to work with the loss mitigator assigned to manage the property.

Many banks publish a list of foreclosure properties for sale directly on their company website. Listings include details about the property including square footage, number of bedrooms and baths, homeowner association fees if applicable, and the name and contact information for the individual handling the sale of the property. In some cases, REO properties are managed directly by the bank loss mitigation department while others are managed by Realtors.

When making an offer on REO properties directly with the bank, be prepared for a lengthy process. It is rare for the Loss Mitigation department or assigned Realtor to accept your first offer. It’s important to understand that many real estate owned properties were once foreclosure homes with no equity and an inflated mortgage. More was owed on the property than it was worth, which is usually why it didn’t sell at the foreclosure auction. The bank is in business to make money and is going to wheel-and-deal to obtain the best possible offer.

A common misconception is REO properties are cheap. While it is true you can get a great deal on bank foreclosures, there are also many risks in buying distressed properties. The majority of banks won’t even consider an offer less than ninety-five percent of the asking price. However, there is one strategy that allows you to purchase REO properties for pennies on the dollar.

Instead of searching for bank REO listings, seek out private real estate investors who purchase bank REO properties. When private investors purchase bank portfolios they are able to buy at wholesale. This can result in savings of 30- to 40-percent.

Since private investors have numerous REO properties to sell, they are eager to pass their savings along to other investors who want to expand their portfolios or individuals who are looking for a good deal for their personal residence.

By working with a private investor who specializes in REO properties you can avoid the counter-offer scenario presented by the bank and save a considerable amount of money. It’s not uncommon to purchase distressed properties with instant equity of 20-percent or more. Even if you have to invest 10-percent of the purchase price in repairs and renovations, you still walk away with money in your pocket.

Private real estate investors can guide you through the process of investing in REO properties. They can help you locate properties across the nation to build your investment portfolio or assist you in locating a property for your primary residence.

If you are currently investing or considering investing in real estate, now is the time to develop your investment strategy. Experts predict REO properties will generate millions, if not billions, of dollars for savvy real estate investors. Will you be on the receiving end of this upcoming real estate windfall?

About the Author: Simon Volkov is a private investor who specializes in REO and foreclosure homes. He offers a variety of investment properties at wholesale prices through his free Investors List. Obtain instant access to REO properties and real estate investment opportunities at SimonVolkov.com.

Source: isnare.com

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For a car insurance in Florida, the minimum coverage for injury is ten thousand dollars, twenty thousand for single accident and ten thousand for property damage. There is also Personal Injury Protection or PIP, which covers the medical expenses of the driver and passengers, as well as relatives living in the household. This is above and beyond what other states have for minimum car insurance. Car insurance Florida companies all offer this comprehensive mandatory liability coverage. When looking for the right car insurance company in the state of Florida, choose the one that goes beyond that distance.

Equiinsurance is a car insurance company in Florida that that thinks ahead and goes beyond the minimum coverage. It offers insurance for medical expenses, lost wages, pain and suffering, and legal defense if the policyholder or another driver is found to be at fault in an accident that results in injuries or fatalities.

This car insurance florida

company also offers its own comprehensive coverage that provides protection for theft, vandalism, and all damages not caused by collision. For collision coverage, you have to enroll for it. It offers repair or replacement cost of the vehicle that has collided with other cars.

There is also the optional coverage that you may find very helpful like the emergency road service, which pays for the towing expenses in case the car becomes disabled. However, this service cannot be purchased without the collision coverage plan. Other optional coverage that can be purchased with the collision coverage are the rental car limits and loan/lease gap coverage.

Equiinsurace is a company that cares about the smallest details about you, your family, and your car. That’s why you shouldn’t settle for anything less. Visit their website and learn more about car insurance Florida at equiinsurance.com and know how you can avail of their services.

Article Source: sooperarticles.com/finance-articles/insurance-articles/how-car-insurance-florida-works-242218.html

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seo consultants offering bespoke seo services to clients across the globecar insurance floridaAuthor: Mark Bailey

By Amy Nutt

Driving at any time of the year can be dangerous, but it is especially important to be careful driving in the winter. Winter driving can bring the hazards of snow, ice, freezing rain, sleet, blackouts, whiteouts, and much more. If your car breaks down at any other time of year, you’ve still got a good chance of being able to take care of it yourself. However, in the winter, the days are shorter, the weather is colder and it is not at all comfortable to break down in a snowstorm! There are also more ways to break down in the winter; not only can your car run out of gas, but it can also get stuck in the snow.

If you are starting to panic, just relax; there are some things you can do to prepare for car emergencies. Here the top ten items to keep in your car in case of an emergency:

Snow shovel – You never know when you’ll get stuck in the snow, and you also never know if a good Samaritan will be around when you get stuck. Even in the summertime, cars can get stuck in the mud, and a shovel would still help in that situation.

Candle – Even though a candle may be a lot smaller than a car, it can still keep you and your car warm in the winter if you happen to break down or get stuck in a snow bank.

Blanket – If you ever break down in the winter, a blanket or sleeping bag is a very good thing to have!

Spare tire – Always a handy item to have when something happens to one of your car’s tires.

Tools – It is important to carry the right kind of tools in your car to help you in case of an emergency. Tools such as a jack, ratchet, lighter

Air Compressor – Many stores now sell mini compressors that are just for this purpose. A lot of perfectly good tires start to lose air after a while and an air compressor is a quick fix when you are stuck on the side of the road!

Flashlight – This one is pretty self explanatory. You never know when something will happen, and if you happen to break down after dark, a flashlight quickly turns into a lifesaver. Without a flashlight, all the tools in the world will not help you in the dark!

Food – This one may sound strange, but the truth is, people get hungry, and if you are stuck in the middle of nowhere, some granola bars and bottles of water are a big help!

Cell phone – Nowadays, car emergencies are not as bad as they used to be, because of cell phones. As long as you have good service in the area you happen to be in, you will be just fine.

First Aid Kit – This is perhaps the most important thing to carry in your car – especially if you have children. You never know what is going to happen, and even the slightest accident can cause some injuries to you and your loved ones that can be easily remedied by a well-stocked first aid kit.

About the Author: A proven performer in Brisbane Australia car hire, providing it’s customers with free express pickup service from many locations for personal, business or holiday car hire. discountcar.com.au/

Source: isnare.com

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