An REO (Real Estate Owned) is a property that goes back to the mortgage company after an unsuccessful foreclosure auction (also known as a Trustee’s Sale). Trustee Sales (often an auctions held on the courthouse steps) begin with a minimum bid that includes the loan balance, any accrued interest, plus attorney’s fees and any costs [...]
Thursday, September 3, 2009
Dan Rider, an Owner/Broker of Dickson Realty, talks about Freddie Mac properties and the Homesteps program in the first part of our Freddie Mac series. Watch the video and learn what Freddie Mac and Homesteps is all about.
Tuesday, August 11, 2009
Yes, we are seeing multiple offers in the Reno-Sparks market again. Not a day goes by where I don’t talk to agents who are in bidding wars for properties for their buyers. Those of you considering buying a home in a competitive market know or may have heard how frustrating the process can be. In certain [...]
Friday, March 27, 2009
I attended a foreclosure seminar recently and had the pleasure of sitting in on a presentation conducted by J.C. Melvin, www.JCMelvin.com . I’ve known JC for many years and find him to be a very talented and motivating speaker/trainer. In any event JC used a “Bucket of Mud” metaphor and related it to our industry. [...]
Friday, October 16, 2009
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