Want to find foreclosures, bank owned reo's, and short sale opportunities fast, and with very little effort? want a daily update as new opportunities come to market?
This video explains a way to do that using the MLS search on my website. (hey, it's my first attempt at video in this manner, so the production value needs to be improved..) http://www.realtyadvisorsweb.com/Foreclosures.html
Bill
Nice blog and video with good content. I think as we get deeper into foreclosures and short sales. I would recommend you run the property address thru the fannie mae loan lookup on your listings. If you are shorting a fannie mae backed loan realistically buyers are looking at a 4-6 month from signing the purchase contract to closing. I am knee deep in fannie mae shorts and the processing time is about 60 to 90 days.
Freddie Mac is worse. I have heard 120 days processing time. Make sure buyers understand all things come to those who wait. I recently had a deal where their offer price was higher than bank's BPO value due to the length of time.
Hope your business is thriving!
JB Beyer
http://www.portlandrealestateinvestmentgroup.com