Welcome to Real Estate Foreclosure Guide
Foreclosure Real Estate In Columbus Ohio Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Foreclosure Real Estate Agents Specializing To Survive
from:What do you do if you are a real estate agent selling homes in an area where no one is buying and foreclosures are rampant? Instead of finding a new job, many real estate agents will specialize as foreclosure real estate agents. This not only keeps them using their real estate skills, but allows them to sell to buyers all over the world. In areas like New York and Florida, the real estate has depreciated so significantly and the dollar value has dropped so much, that foreign investors are looking to buy foreclosed properties in the United States as investments.
When A Realtor Can Help
When a home is in preforclosure, the homeowner can work with a realtor to try to sell the house through a short sale. If the real estate agent specializes in foreclosures, they will have access to investors looking for properties that will provide them a return on their investment, but the lender still has to agree to the short sale. Lenders will want to get the most for the property that they can get to recoup their losses, but the buyer may just want to release the property and clear their credit as best as they can. So, foreclosure real estate agents can use their negotiating skills to help the buyer get out of a tough situation by finding a buyer for the property and negotiating with the bank a short sale. This is something that the average homeowner would not know how to do, but a realtor can do for them.
Get On The Foreclosure Bus
Another way that foreclosure real estate agents work with foreclosures is to provide maximum exposure for foreclosures. Many banks are holding too many foreclosures on their books and want them gone. Investors may come into an area specifically looking to buy foreclosures and have limited time. Foreclosure real estate agents will organize groups of 20 or 30 investors to tour foreclosed in an area. They cultivate leads to help them sell in a soft market and banks may end up making a sale.
Identifying Promising Foreclosures For Investors
Since foreclosure real estate agents are intimately connected to their local markets, they know what the neighborhoods are like and whether a property might be worth looking into. Just because a property is a foreclosure doesn't mean you can't get it inspected, although it may be hard to enter and tour some of the foreclosures that are closer to auction time. In addition to owner-occupied preforclosures, foreclosure real estate agents should be able to identify the Real Estate Owned (REO) properties and HUD ones too in the area.
Foreclosure Real Estate In Columbus Ohio Specific links
Foreclosure Real Estate In Columbus Ohio News
Ohio man indicted for $3.6 million mortgage fraud - WTRF
Ohio man indicted for $3.6 million mortgage fraud WTRF COLUMBUS, Ohio (AP) - A central Ohio man has been indicted on charges of defrauding lenders of $3.6 million in mortgage loans through his real estate company. A federal grand jury returned the seven-count indictment Thursday against 44-year-old Kevin ... |
Glimcher Selected as One of the Best Places to Work in Ohio - MarketWatch (press release)
Glimcher Selected as One of the Best Places to Work in Ohio MarketWatch (press release) COLUMBUS, Ohio, May 24, 2012 (BUSINESS WIRE) -- Glimcher Realty Trust (NYSE:GRT) , one of the country's premier retail REITs, beat out hundreds of Ohio companies to be selected among the best places to work in Ohio by the Ohio Society for Human ... |
Ohio man indicted for $3.6 million mortgage fraud - WFMJ
Ohio man indicted for $3.6 million mortgage fraud WFMJ More >> COLUMBUS, Ohio (AP) - A central Ohio man has been indicted on charges of defrauding lenders of $3.6 million in mortgage loans through his real estate company. A federal grand jury returned the seven-count indictment Thursday against 44-year-old ... |
Caymus, major player in KC development industry, renamed VanTrust Real Estate - Kansas City Star
Caymus, major player in KC development industry, renamed VanTrust Real Estate Kansas City Star VanTrust Real Estate has an office in Columbus, Ohio in addition to Kansas City. It expects to open offices soon in Phoenix, Ariz., and Dallas to implement its plan to pursue acquisition and development opportunities in the Southwest. Caymus changes its name to VanTrust Real Estate |
Failed drug tests hinder hiring in Ohio - Lancaster Eagle Gazette
Failed drug tests hinder hiring in Ohio Lancaster Eagle Gazette The results appear to back up the anecdotal assertion that one reason Ohio employers are slow to fill vacancies is rampant drug abuse. However, the president of a Columbus company that promotes drug-free workplaces said she's unsure whether the results ... |