my REO business has really slowed down over last 6 weeks with ZERO listings..........all 4 of my REO listings are in Escrow, but nothing new coming in ..........have you heard when things might pick back up?
Good Morning Michael, Our Main Office is located in Miami Lakes. We have over 50 licensed and insured contractors throughout the State that work with us. We are busy but looking for more work. We have a lot of Fannie Mae work going on right now. I also see that a few people here are with SellState, I actually have my license with them as well. Let me know if we can meet and discuss future business, thanks O
Yes we are looking for multifamily rental properties, preferably over 3 units, but have not found anything yet that meets our requirements. There do not seem to be a lot of fourplexes or 5+ units right now at good prices in decent areas. I am sure we will find some properties this year and next though. How about you? Are you buying anything right now?
First off, I am not an Attorney but, I know a great Attorney in Florida who would most likely be willing to help you.
Richard Zaretsky, Florida Real Estate Attorney P.A.
Office Phone (561) 689-6660 x 107
Fax (561) 683-1559
Address 1655 Palm Beach Lakes Blvd, Suite 900, West Palm Beach, Fl, 33401
He has written several short sale / reo articles, published a lot of blogs on the topic and is well versed in default / distressed properties. I highly recommend him.
Now, as for my opinion, which is not a legal opinion and should not be considered one, the scenario as you outlined above is questionable at best. It sounds to me like Mortgage Fraud and I personally would run from that full speed again, that is just my opinion.
Wow, Michael, that was awesome you did very well at that auction. The thing about these auctions is people get caught up in the moment, emotions take over and it's then about coming on top & winning over the other competitors. Doesn't have to make sense at all and that's why auctions work. You have to know where to stop before you start.