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Mykel Martin's Blog (4)

Good News . . .

Just read a Press Release from DS News that should give us all hope. California, Florida and Arizona can't be far behind!

This Just Released According to DSNews - - -

Bank of America Paces Release of Shadow Inventory in Nevada

Bank of America expects to release about 6,000 foreclosed properties into the Nevada housing market in 2010, about 500 a month, according to a local Las Vegas newspaper. The pent-up supply is part of that looming shadow inventory -… Continue

Added by Mykel Martin on January 20, 2010 at 12:06pm — 5 Comments

Why Do Realtors Get Depressed When Opportunity Is Knocking?

I just read a great article that I thought was worth sharing. Whether you're looking at the glass half full of half empty, you can't help but be excited at the possibility. In it, Brian Buffini, Founder & CEO, Buffini & Company discusses why now is a great time for Realtors to take advantage of the opportunities they are being presented with. It inspired me and I hope it inspires you.

Brian Buffini

Founder & CEO

Buffini & Company…


Added by Mykel Martin on November 24, 2009 at 1:53am — 6 Comments

Who’s Going to Five Star?

Hey, who’s going to Five Star? I responded to a post about a month ago that I thought I’d share with you if you’re going.

The Post:

I will be attending the 5 Star conference this year in hopes to further the REO business for my company. Can anyone that has attended this in the past give me any pointers.

My Reply:

Just remember...when you go, you are there to get information - you are on… Continue

Added by Mykel Martin on August 21, 2009 at 11:30pm — 4 Comments

Renovation Loans/Rehab 203K Financing

If you've been passing up homes that require repairs, there’s renewed interest in the 203(k) FHA loan program that lets qualifying candidates borrow a single loan with a 3.5 percent down payment to cover both the home’s selling price and the cost of licensed contract work to improve the property.

Popularity in the 203(k) FHA loan program, or Rehab loan as it is often called, has nearly doubled since last year due to the large inventory of REO homes. This years, demand is on pace to… Continue

Added by Mykel Martin on August 21, 2009 at 10:30pm — 4 Comments

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