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Editor’s Note: The RREIN Broker Spotlight Series offers industry insights from members of RISMedia’s Real Estate Information Network® (RREIN), an elite network of leading real estate companies united behind the belief that Information Share Equals Market Share. In this interview,…

Some of the mega banks are now clearly leaning in one direction or the other on whether they prefer to deal with short sales or have bank-owned (REO) properties to deal with selling. Bank of America has instituted a policy of liquidating assets with defaulted properties vs. essentially repossessing them. The bank has even gone on record with encouraging Realtors to do more short sales over the next couple years.

At the opposite end of the spectrum, Wells Fargo is…

Okay, so I have driven into the ground a hundred times the issue around home ownership in a REO versus a short sale.  But, today I have had to do it again twice.  One time was even with a bank negotiator at One West.

Please people….It is simple.  In a short sale, the homeowner owns the home until closing.  The bank does not own the home, but has to allow (approve) receiving a net less than they are owed.  In…

I don’t know if it is me, but do you get the feeling that the majority of Americans feel they are entitled to anything they want without working for it? Listen in to today’s Friday Coffee Break as I breakdown this hot topic. We also discuss whether or not there is a law in Florida requiring a real estate investor to hold a property for over 30 days before flipping it, whether or not a same day flip is…

In today’s real estate investing industry there are so many so-called “Gurus,” whether they are real estate agents or platform speakers, which are teaching the niche of short sale investing the wrong way! One of the things that they often fail to hit the mark on is the issue of when to list a property when working a wholesale short sale on it. The question that they seek to answer is, “Do I list it before or after the foreclosing…