What are the types of distressed properties that make good investments?
Short sales
A short sale occurs when a home owner is in foreclosure but before the property goes to public auction. Under a short sale, a lender must agree to accept less than the amount that is owed on the property. Unlike a foreclosure, investors typically [...]

Part I
Step 1: Spiff up your credit
Good credit can lower your mortgage interest rates, potentially saving you hundreds of dollar a month. Order a credit report (usually free online). You can dispute any mistakes, but the most important thing is to build up good credit from here out.
Lenders want clients who can pay bills on [...]

A short sale occurs when a home owner is in foreclosure but before the property goes to public auction. Under a short sale, a lender must agree to accept less than the amount that is owed on the property. Unlike a foreclosure, investors typically buy the home for even less because investors are not paying [...]

I think it’s safe to say that no one really wanted the $700 billion bailout. Unfortunately something had to be done as the credit cash-flow spigot was down to a drip. Even those with good credit were beginning to have difficulty getting funding of today’s tighter standards approved loans. Not only in our own industry, [...]

One of our new clients offered some insight into the current real estate market when they said, “You only get hurt on a roller coaster if you jump off.”
Concerning the “bail out” or “buy in” some comedians, Bill Maher for instance, are suggesting possible countries to run to. That seems to me like running to [...]

“I will spend the weekend working with members of Congress of both parties to examine approaches to alleviate the pressure of these bad loans on our system, so credit can flow once again to American consumers and companies,” Henry Paulson (Us Treasury Secretary) told CNN Friday.
I have previously said that “after the elections, the government [...]

I received word earlier this afternoon from my Las Vegas Account Executive with IndyMac that they are shutting down their wholesale lending line. Reportedly, more than half of their work force (7,200) are being let go.
I remember some of the mortgage products IndyMac specialized in…Low-Doc, No-Doc and Stated Income with sprinkles on top. [...]

Congratulations to The Las Vegas Real Estate Blog contributer & author Steve Hawks. Steve was recently featured in an article with the Wall Street Journal relating to the latest practice of “Buy and Bail.” Steve, who is an expert in dealing with lender owned properties and helping clients with short sales shed some [...]

Las Vegas Realtor Steve Hawks one of the leading consumer advocates for victims of mortgage fraud.
Las Vegas real estate experts Steve Hawks and Jason Van Zant bring to light the massive mortgage fraud that had led to the unprecedented drop in the Las Vegas real estate market. Las Vegas Realtor Steve Hawks discusses in detail [...]