Friday, February 11, 2011

Central Fl Mini-Storage - 159 Units - Cash Only $289,000

Central Fl Mini-Storage -
159 Units - 18400 SF - $15.71 PSF - CAP 15% - Year 2000

http://secure.campaigner.com/accountsmedia/38245/Sunray.jpg
60% Occupancy. 4.3 acres. Enough room to double the size of the covered storage
and expand the outdoor RV storage.
Turnkey with manager living on site. On major highway.

http://brothers3int.com/InvestorProfile.html

Serious Inquires Only
Cash Only $289,000

Are improper foreclosure processing the norm

Foreclosures falling - not

The number of homes receiving foreclosure filings, default notices, auctions, and repossessions, fell 17% in January compared to a year earlier, RealtyTrac reported today. But that's still 261,333 properties and a 1% increase compared to December.  Even with the slowdown, more than 78,000 borrowers lost their homes in January, easing off the record 102,000 that was reached last September.  Besides, it's less a sign of a robust housing recovery and more a sign that lenders have become bogged down in reviewing procedures, resubmitting paperwork and formulating legal arguments related to accusations of improper foreclosure processing. 

"We expect a spike in the first quarter," said Rick Sharga, a RealtyTrac spokesman. "If we don't get that, it could mean that the foreclosures are being pushed back even more and that the time needed for recovery will be prolonged."  There was a bit of a shakeup among the individual states at the top of RealtyTrac's hardest-hit states. Florida, which had been outpacing all others for years, fell to ninth place in January, with a rate of one in ever 409 homes receiving a filing. Year-over-year, filings are off by 54% in the Sunshine State.  Now, the seven states with the highest rate of foreclosure filings in January were all in non-judicial states, where foreclosure auctions can be scheduled and homes repossessed without any court hearing.  Nevada led the states for the 49th consecutive month; Arizona was second and California third. Idaho and Utah filled out the top five worst-hit states.  Among metro areas of more than 200,000 residents, Las Vegas had, as usual, the highest
  foreclosure rate.

Monday, February 7, 2011

Housing Finance Reform Assumptions Refuted by Congressman Garrett

Housing Finance Reform Assumptions Refuted by Congressman Garrett
The new Chairman of the House Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises has invoked what he called "The Cantor Rule" as a framework for reforming the U.S. housing finance mechanism. 
Representative Scott Garrett (R-NJ) shared with attendees at the American Securitization Forum (ASF) Conference on Monday what Majority Leader Eric Cantor tells House members to always ask themselves, 'Are my efforts addressing job creation and the economy; are they reducing spending; and are they shrinking the size of the federal government while increasing and protecting liberty? If not, why am I doing it? Why are we doing it?'
"Applying the Cantor Rule to the GSEs," Garrett said, "the question I believe needs to be answered first is - What are the things we can be doing right now, this very instant to: 1.) Protect taxpayers; 2.) End the bailouts; 3.) Get private capital back in our mortgage markets; and 4.) Decrease government exposure to housing?  I believe these four objectives should be the driving forces in our initial decisions regarding GSE reform legislation." Read more

Sunday, February 6, 2011

Finding Private Money Loans With Out Winning The Superbowl.

For many people private money loans is there last-chance solution for borrowers who for one reason or another can not meet the requirements of traditional lenders. This arrangement, also known as a 'hard money loan' may be the last resort for a person who is struggling with an impending foreclosure. Brokers arrange for meetings between such clients and willing investors, in order to work out a solution which will be satisfactory to both. Yet such a procedure is not the easiest matter for either party. The lender, of course, faces substantial risks in dealing with a borrower whose financial situation is not even attractive enough to appeal to subprime lenders. The borrower must accept fairly rigid terms for the money and faces an interest rate which is far higher than that demanded by traditional lenders. (Usually the interest rates are at least in the double digits.)

At times, though, this may be the only course of action which is available to the borrower. If a single mortgage payment is missed, something can usually be worked out with the original lender to help correct the situation. However, if the borrower continues to fall behind even for two or three payments, the lender will usually have to begin foreclosure proceedings. At that point, borrowers may find difficulty in locating anyone willing to consider lending him or her money for any reason. A hard money lender may be willing to offer a private money loan. In this way, a bit of time may be bought so that the borrower can sell the original house and repay the mortgage. He or she will still have to find another place to live, and accept an offer which is somewhat below the true value of the home, yet at least this is better than going into foreclosure and losing everything. Borrowers who are struggling with a temporary time of trouble due to illness or job loss may use a hard money loan to ensure that they can continue to make regular payments on a mortgage and perhaps later become eligible for a loan with a better rate.

Persons struggling with foreclosures may make up a large portion of those who seek a private money loan, but they are certainly not the only recipients of this type of loan. At times, persons who own substantial properties need to cash out a significant amount of equity by utilizing a refinancing loan in order to meet some emergency need, or in order to take advantage of opportunities to increase their holdings. People who invest in real estate for a living may also find themselves in this situation. In this case, hard money loan situations enable them to have the cash needed to continue to buy, fix and sell properties for a profit without dealing with all of the restrictions imposed by traditional lenders.

Particular situations may call for a private money loan regardless of finances. Some regular lenders are not willing to deal with rural properties, where the value of the parcel may be in the land rather than in the home. Other borrowers may be planning on constructing a type of building outside of the usual construction techniques (standard frames, concrete block foundations), which may worry some lenders. A home may also be in such a remote location that it could prove difficult to convince a lender to take on such a project, lest it prove difficult to resell the home if the borrower defaults. All of these situations may require a private money loan. If the interest rate is high enough, one can often find a lender willing to take a risk.

However, a private money loan is only a temporary solution. These loans can be expensive, interest-wise, and are somewhat difficult to obtain. The lenders (understandably) are usually most concerned with ensuring that the deal will turn out profitably for themselves, so they are careful not to accept situations where the loan- to-value ratio is not in their favor. That way, even if the borrower defaults, lenders can still profit from reselling the property.

Hard money lenders are often local, so that they can remain knowledgeable about the value of the property and make wise decisions regarding whether a particular parcel of land has enough potential for them to take an interest in the situation. A regular mortgage broker may refer a borrower to such individuals, or newspapers often have listings of those who are willing to engage in a private money loan. It is somewhat unsettling, though, to think of applying for a loan from someone whose ad assures customers that nearly anyone in any circumstances will be considered acceptable candidates for the loans. A person can be sure that exorbitant interest rates are surely not far behind. It looks like this will be a long and profitable (for the lender, at least!) relationship.

Friday, February 4, 2011

33 UNITS Only 599K Miami, FL 33142

33 unit Multifamily Building
1281 NW 61st St, Miami, FL 33142 
For Sale: $545,000 Cash
  
33 UNITS
30(1Bed-1Bath) & 3(2Bed-1Bath)
$ 16,500 PER DOOR

Photo:
 

35k DUPLEX 3/2 & 2/1 Miami, FL 33150

DUPLEX
6346 NW 1st Ct, Miami, FL 33150
For Sale: $35,000 Cash
  
Legal Duplex 3/2 & 2/1. Two seperate electric meters.


Photo:

_______________________________________

Thursday, February 3, 2011

FREE Property Management Companies List.

Here are a few websites of some  property management companies across the U.S... Property management is very important to Investors and out of state owners. Please do your Due Diligence / research when looking for a property manager for you real estate investment.

Monday, January 31, 2011

Why Should You Invest In Medigap Insurance?

Medicare Supplement Insurance: An Overview

by Brenda Green on Jan.27, 2011, under Medicare
Health insurance reform аnd health insurance іѕ getting a lot οf attention recently. If уου аrе age 65 οr approaching thаt milestone, уου mау want tο know, \”Whаt іѕ Medicare Supplement Insurance?\”. Thеѕе plans аrе intended tο fill thе gaps between thе cost οf уουr health care аnd thе amount thаt іѕ paid bу Medicare. Thе Medicare Supplement plans аrе аlѕο known аѕ Medigap insurance.
Original Medicare рlаn coverage doesn\’t pay fοr deductibles οr coinsurance. Whеn уου рυrсhаѕе a Medigap policy, уου gеt hеlр tο cover thеѕе costs. Affordable health care fοr senior citizens іѕ thе intent οf Medigap policies. Medigap policies аrе standardized. Each type thаt a company markets іѕ thе same аѕ thаt sold bу еνеrу οthеr company selling thе same type. Yου simply pick thе рlаn thаt works best fοr уουr personal situation аnd thеn look fοr thе best price fοr thаt specific рlаn. It ѕhουld bе noted thаt Medicare Supplement insurance іѕ nοt thе same аѕ Medicare Advantage.
In a few states, such аѕ Louisiana аnd Texas, a Medicare SELECT policy іѕ available. Each type οf policy іѕ guaranteed tο bе renewable. In οthеr words, іf уου сhοοѕе type A policy, уου wіll bе аblе tο continue tο obtain thіѕ type οf coverage indefinitely аѕ long аѕ уου pay уουr premiums.
Thеrе аrе several different supplement plans, Yου ѕhουld сhοοѕе thе one thаt works best fοr уουr οwn situation. Sіnсе thе type οf рlаn іѕ thе same асrοѕѕ thе companies thаt offers іt, уου ѕhουld focus οn thе exact coverage thаt іѕ closest tο thе type οf health care needs thаt уου hаνе. Pυrсhаѕе frοm thе company thаt hаѕ thе best price fοr thаt particular policy.
Thеrе аrе ѕοmе things thаt Medicare Supplement Insurance doesn\’t cover. It wіll nοt hеlр уου pay fοr long term care costs οr fοr prescription eyeglasses. Yου саn\’t gеt coverage fοr dental care under Medicare. Nеw policies sold саnnοt include prescription drugs costs, although ѕοmе earlier policies included coverage fοr medications.
Thе best time tο sign up fοr Medigap Insurance іѕ whеn уου аrе іn thе six month open enrollment period. Thіѕ occurs whеn уου аrе аt lеаѕt 65 аnd аrе раrt οf Medicare Pаrt B. Both conditions mυѕt bе met. Yου аrе аblе tο submit аn application prior tο уουr 65th birthday ѕο thаt thеrе won\’t bе a lapse іn уουr benefits аѕ уου mаkе thе transition tο Medicare.
If уου аrе confused аbουt thе type οf policy thаt уου need οr аbουt whаt іѕ Medicare Supplement insurance, уουr best action іѕ tο consult аn unbiased professional whο hаѕ a specialization іn thіѕ type οf policy. Avoid аnу thаt hаνе аn obvious bias. Yου саn dесіdе first οn thе рlаn thаt іѕ best fοr уου аnd thеn bеgіn thе process οf purchasing based οn thе cost.
Wondering whаt іѕ Medicare Supplement Insurance cover exactly? Gеt thе ultimate inside skinny now іn ουr super review οf top Medicare Supplements coverage.

Recieve Your FREE Quote Here
Arizona Residents Gеt Rates аnd Comparisons fοr Medicare Supplement Insurance (Medigap) Quotes Fаѕt аnd Easy! οr Call Today fοr Medicare Supplement Quotes 623-242-2700

Thursday, January 27, 2011

REO - Foreclosure Clean Out Junk Removal Service Companies

REO - Foreclosure Clean Out Junk Removal Service Companies We do not guarantee the accuracy of this list nor assume any responsibility for transactions that may result from the use of the information contained herein.:

Absolute Building Service

Foreclosure clean out, painting and sheetrock repair, replacement of fixtures both electrical and plumbing and window replacement. Outdoor care painting, grass mowed and bushes, trees trimmed.

California

CN Construction
We are a superior REO service company we offer a variety of services: clean up, rehab, construction repairs, secure the property, cash for keys, evictions, lock changes, winterization, trash-out, grass cut, landscaping, janitorial, vehicle removal, security cameras, repairs in all aspects of construction. We can leave the home in as new condition. Getting it in ready for re-sale is our priority and we make it happen. We will be happy to answer any questions that you have. If you need it, this company can do it. Will travel within 150 miles of Salinas and 50 miles from San Jose.
209 Pine Canyon Rd,  Salinas, CA 93908
Phone: 831-757-0652 for Monterey County
Phone: 408-687-6945 for Santa Clara County
http://www.cnconstruction.net

Oakland Company, Inc.General Contractor (License B, D34, C29 California), specializing in clean-up, renovation and code compliance. Expertise in all areas, including fireplace remodeling. Exterior and interior clean-up, paint, carpet removal, new flooring, doors, windows, countertops, cabinets, bathroom and kitchen fixtures, mouldings, drywall repair, wall texture, popcorn removal, concrete repair, brick / tile repair, chimney repair, fireplace code compliance, board up service, lock replacement, utilities (above and below ground), demolition. Oakland Company can provide all services needed. References provided. CA license #847571. Insurance and works comp certs provided immediately.
1205 N Lance Lane
Anaheim, CA 92806
(714) 632-9080
http://www.oaklandfireplaces.com   (subsidy of Oakland Company, Inc)

Vesta Management LLCWe provide turnkey property preservation and ongoing maintenance services. Vesta Management exists to provide financial institutions, realtors, and government entities with a coordinated and managed process to service and maintain REO assets from foreclosure to sale.  Vesta is led by two residential industry veterans who are experienced with the Southern California REO market.   Vesta is defined by its comprehensive platform to eliminate many of the “headaches” and inefficiencies that currently exist in the REO disposition process.  Vesta offers clear-cut pricing for financial institutions and realtors throughout the nation who desire a comprehensive level of service and do not want to be mired with the tedious and time consuming activities necessary to market an REO asset to a third party buyer.
Santa Monica, CA 90404
(310) 621-7559
http://www.vesta-management.com


Florida
AIM Companies
We provide Property Management services including REO Maintenance and Foreclosure Cleanout Services. AIM Maintenance specializes in Make Ready Turn Services consisting of Trash Out, Painting, Punch Out Maintenance, Dry Wall Repair and other maintenance/vendor coordination. AIM is able to provide regularly scheduled inspection visits to each site also ensuring quality control of the REO asset. We realize it is important to work closely with the listing agent to provide the quality services expected. Currently AIM has crews in Florida, Tennessee, Alabama, Texas, North Carolina, Pennsylvania, and New Jersey. We are able to travel to wherever our services are needed. Please call.
809 Walkerbilt Rd, Ste 6,  Naples, FL, 34110
Phone: (239) 449-4887
Website: www.aimcompanies.net 

T-N-T Property Management, Inc.We provide a comprehensive range of Property Management services to Bank and Real Estate Professionals. In business since 1993, T-N-T Property Management, Inc. offers REO Maintenance, Foreclosure Cleanout/Trash-out, Lock Change Service, Abandoned Vehicle Removal, Landscaping, Lawn Maintenance, Pool Maintenance, Drywall Repair, Painting, and Final Punch-out. Please call and experience our personal service, quality work and quick turnaround. We look forward to working with you to improve your property and quickly get it back on the market.  
12101 Tumbleweed Court, Wellington, Florida 33414
Phone: (561) 722-9500

Mighty kklene
3280- 55A Tamiami Trail
Port Charlotte FL, 33952
Phone: 941-628-3891
Fax: 941-237-4936
Website: www.freecleaningbid.comServing all of SouthWest Florida - Mighty kklene is a clean-out removal company specializing in
residential and commercial cleaning of foreclosed and abandoned properties. Our services help you get your properties back on the real estate or rental market. Mighty kklene also serves customers who may need to clean-out unwanted items from attics, storage units or yards. Residential: We clean-out your attic, garage, yard or entire property. Commercial: We clean-out offices, warehouses and storage spaces of any size.  Property Managers: We clean-out your properties of items left behind by previous tenants.  *All clean-out items will be removed from your property and disposed of properly in accordance with governing laws and ordinances.

Hayward Roofing & Construction Inc.
All types of REO property maintenance and repairs, including trash removal, board up, cleaning, roofing, plumbing, electrical, code violations, drywall, painting, demolition, landscaping as needed. Just a highlight of our services. We are always available in theBroward and Palm Beach areas. We have an extensive construction background, giving you vast knowledge and superior service at all times. We arecommitted to every customer from individual to major corporations.
410 SE 7th Ave, Deerfield Beach, Fla. 33441
Office # 954-596-8591
http://www.haywardcontracting.com

Double Team Maintenance & Lawn Care
We provide foreclosure cleanup, hauling, cleaning, painting, small screening, tile work, handyman services, maintenance, lawn services (initial cleanup and maintenance) and pool services (initial cleanup and maintenance), all services are available one time only or on a monthly basis. Fair and affordable, prompt and courteous. We have a very trustworthy professional staff. If we can't provide you service we will help find someone who can. We work with  a long list of professionals: Plumbers, Appliance Repair, Electricians, Roofers, Screeners, Painters, Tree Services.  SWFL - Lee, Charlotte, Sarasota and surrounding counties.
Keith Davis - owner/operator
1279 Sargent Street, North Port, Florida 34287
941-626-1291


Missouri
T & C Hauling and Home RepairWe offer debris removal, cleaning, lockchanges, evictions, boarding securing, lawn care, snow removal services, carpet removal, bug bombing and minor repairs in the Missouri/Kansas/Oklahoma, Arkansas 4-state area on both residential and commercial property.  We will travel within 75 miles of zipcode 64850.  We have been in the property preservation industry for 14 years.  We also offer second bid and free estimates.  We also offer inspection services within 40 miles of Neosho including occupancy checks, routine property condition inspections, merchant site inspections, commercial inspections, delinqent contact inspections, loss draft inspections.  We also offer special services upon request.  Ask and we will let you know if we can do it.
703 Pearl St
Neosho, MO  64850
417-455-9240
http://tchauling.tripod.com/

Michigan
The Cleanup Medics Services
We are a full service cleanup company specializing in foreclosures (REO), trash outs, and clean outs, for banks, mortgage firms, apartment buildings, commercial buildings, and private individuals looking to cleanup vacated property.
23800 Van Born Rd.  - Dearborn Heights, MI 48125
Phone: 313.299.0180
Website: www.thecleanupmedics.com

Freedom Asset Protection, LLCFreedom Asset Protection provides professinal and prompt property preservation services in Michigan.  Currently we serve Genesee, Lapeer, Oakland, Saginaw, Shiawassee, and Tuscola counties. Lock Changes, Occupancy Checks, Clean Outs, Maid Service, Board Ups, Initial and On Going Lawn Maintenance, Pump Out Flooded Basements, Snow Removal, Winterization, Debris Removal, Emergency Repairs, Swimming Pool Removal, Large Appliance Removal, and more...
11076 Melanie Ln
Davison, MI
810-653-5795
http://www.freedomassetprotection.com

New York

Commonwealth Home Improvement / Property ManagementWe offer superior service in (REO) securing and maintenance. Services include: cash for keys, evictions, lock changes, winterization, trash-out, grass cut, janitorial, vehicle removal, security cameras, repairs in all aspects of construction. Many other services are available upon request. We service properties in a 75 mile radius.Our goal is to provide high quality service and maintenance to our clients. We know that securing your property and making it ready for re-sale is priority and we make it reality. We will be happy to answer any questions you have, just call for a rapid response.
20 Robin PL  - Farmingville, NY 11738
(516) 314-0608

Ohio
A2Z Field Services
A2Z’s combination of experienced contractors, dedicated management, well-trained staff and internally-developed servicing systems has enabled A2Z to serve as a single source provider for many of our clients as their properties move through the collection, foreclosure and remarketing processes. The organizations that partner with A2Z benefit from the timely and accurate information that A2Z provides, customized services, detailed reporting and our alliance with contractors throughout the nation.
7450 Industrial Parkway
Plain City, OH 43064
614/873.0211
www.a2zfieldservices.com

Washington
Harman Builders & Development
HBD is a full service general contractor and REO specialist serving the greater Seattle area for 20yrs. We’ve constructed hundreds of homes and have over 35yrs of real estate experience including REO clean-outs and servicing.  Our services included: interior/exterior cleaning, interior/exterior painting, carpet cleaning/removal, Bathroom and kitchen repairs, lock changes, general landscaping, carpentry, deck work, pressure washing, trash removal, floor repairs and installation, roofing and much more. Our experience and professionalism will help you bring an added value to your property. We stand by our work and will have your property market ready in no time.
9121 80th Ave SW - Lakewood, WA 98498
(206)-949-0286
http://www.harmanbd.com

Wisconsin

C Amundson Construction LLCOffering REO maintenance and foreclosure cleanout/trashout services.  winterization, plumbing, window and door repair or new install, boardups and lock changes.  mold removal, sewer back-up, flooding repair.  water damage flooring repair,new  flooring of all kinds installation.  smoke detector, camera, security installation.  roofing, electrical, plumbing, abandoned vehicle removal. pool removal, maintenance or new construction of pool, decks, additions, siding, roofing, driveway, any mason work, landscaping and demolition. if you need it this company can do it.  Will travel within 150 miles of Lacrosse, WI.
512 16TH AVE. NORTH  - Onalaska, WI  54650
608-790-4858

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