In Savannah, Georgia, 11 community banks hold about $97.5 million in repossessed real estate, and they are keeping local real estate agents who specialize in foreclosure pretty busy. However, while you would probably expect this article to be about how that market is just barely pulling through, in reality the statistics on these REO properties are quite surprising. Contrary to Read full article »
Tag archives for Wholesalers
“Foreclosure Realtor” Loving Investors Who Keep the Market Moving
category: Real Estate News
tags: 5 Million, Alternative Methods, Community Banks, Economic Strategy, Foreclosed Homes, Foreclosure Process, Foreclosures, Housing Market, Landlords, Lease Purchase, Local Real Estate, Local Realtors, Media Blitz, Prevalence, Real Estate Agents, Reo Properties, Repossessed Real Estate, Savannah Georgia, Slag, Wholesalers
Bulk Residential REO Ready to Go
A recent panel of residential and commercial experts discussing a variety of market-related activities concluded that bulk REO investing is hovering on the verge of something big. The panel, which agreed that members would have expected large-scale REO liquidation prior to this point in time, believed that when loan modifications are exhausted, the current level of active bulk REO investors Read full article »
category: Real Estate News
tags: Bad News, Banks, Commercial Experts, Deluge, Different Ways, Flood, Influx, Investing, Large Scale, Lenders, Leverage, Liquidation, Lookout, Market Outlook, Mini Bulk, Necessary Capital, Panelists, Point In Time, Profitable Strategy, Real Estate Investors, Reo Property, Shadow Market, Taking Steps, Verge, Wholesalers
Bush Administration Paves The Way For Investors…
(This Post Has Been Updated - Please See Addendum At End.) Recently announced on CNN and nation-wide media: Finally, the Bush Administration has taken a practical step to allow real estate investors to ease the foreclosure crisis. And it has inadvertently admitted that government is part of the problem with the market we have today. On June 9, FHA announced Read full article »
category: Main Content, Real Estate News
tags: Addendum, Admission, Bush Administration, Cnn, Congress, Creative Real Estate, Estate Strategies, Fha, Fha Mortgage, Flipper, Flippers, Flips, Foreclosure, Foreclosures, Great News, Loss Mitigation Services, Mortgage Fha, Mortgage Insurer, Mortgages, Objective, Real Estate Investors, Real Estate Professionals, Signs, Thieves, Vultures, Wholesalers
The Politics of Real Estate
Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.
Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.
Mortgage Industry News
Few things change more rapidly than the mortgage market, and with the increasing dominance of GSE's Fannie Mae and Freddie Mac over the mortgage business, it's more important than ever to keep up. Here are a few recent mortgage news updates:
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Mortgage News
- HAMP Success Tally Slowly Growing
- Western States Working Through Foreclosure Backlog Quicker than Eastern
- Biggest Down Payments in the Country Found in New Jersey
- President Bypasses Congress, Appoints Director of the Consumer Protection Bureau
- Federal Reserve Recommends Expanding GSEs to Turn Housing Market Around
- Mortgage Rates Likely to Remain Low for a While Longer
- Top Former FDIC, Wells Fargo Execs Say Fannie and Freddie Must Go
- FHA Continues to Extend Anti-Flipping Waiver
- More Homeowners Using Delaying Tactics to Slow Down Foreclosures
- Now that It’s Passed: The True Cost of the Payroll Tax Cut
About Bryan Ellis
Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.
Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.
Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.