http://www.isnare.com/?s=author&a=Deb+McMillan Real Estate Deb McMillan Wed, 28 Jun 2006 00:00:00 +0800 http://www.isnare.com/?aid=55963&ca=Real+Estate With foreclosures on the rise, negotiating short sales is a prime investment strategy you as a savvy real estate investor must master. In order to do so, you need to understand the state of short sales today. Loose lending practices by the banks over the last several years allowed people to buy hous... Real Estate Deb McMillan Wed, 28 Jun 2006 00:00:00 +0800 http://www.isnare.com/?aid=56115&ca=Real+Estate Recently there has been a great deal of talk about Real Estate Owned Properties or REO’s. During these conversations investors have asked me if I think the high number of REO’s will weaken the short sale market. The answer to that question is a simple “no” and the reason for that answer is even simp... Real Estate Deb McMillan Wed, 28 Jun 2006 00:00:00 +0800 http://www.isnare.com/?aid=56116&ca=Real+Estate One of the greatest fallacies in the investment world is that real estate is the “best kept secret.” The fact is when it comes to making money from any kind of property, including short sales, lack of communication equals fewer opportunities. A more appropriate mantra would be “There’s strength (and... Real Estate Deb McMillan Wed, 28 Jun 2006 00:00:00 +0800 http://www.isnare.com/?aid=56117&ca=Real+Estate When it comes to the world of short sales, there are three truths. One, foreclosures are at their highest rate in 30 years. Two, now is the right time to invest in them. Three, an educated investor closes the deal. There is no question that real estate is a hot topic throughout the country. Everyone... Real Estate Deb McMillan Wed, 28 Jun 2006 00:00:00 +0800 http://www.isnare.com/?aid=56118&ca=Real+Estate When I first started in short sales, I saw them as a “grab ‘em while they last” type of investment. They almost seemed like a real estate clearance sale where deep discounts were offered on quality products, but only for a limited time. I predicted short sales were going to be an excellent way of do... Real Estate Deb McMillan Tue, 27 Jun 2006 00:00:00 +0800 http://www.isnare.com/?aid=55962&ca=Real+Estate Often houses in pre-foreclosure have not one but two mortgages to deal with. So what is the proper procedure for negotiating a short sale with two mortgages? On homes under $130,000, the first mortgage is typically higher than the second mortgage and usually the total value of the home. So the best... Real Estate Deb McMillan Tue, 27 Jun 2006 00:00:00 +0800 http://www.isnare.com/?aid=55965&ca=Real+Estate Good news. As a real estate investor, you’ve found a home in pre-foreclosure. You know the owner has missed three mortgage payments, and he now owes the bank more than he can sell his home for. With the bank poised to begin the foreclosure process, you’re ready to step in and begin negotiating a sho... Real Estate Deb McMillan Tue, 27 Jun 2006 00:00:00 +0800 http://www.isnare.com/?aid=55966&ca=Real+Estate Every neighborhood has them. Every property investor is intrigued by them. Drive through the streets of your town and you’re likely to see them, too. Homes without people to fill them often seem like an investor’s dream. While they certainly can yield a handsome profit, be prepared for a frustrating... Real Estate Deb McMillan Tue, 27 Jun 2006 00:00:00 +0800 http://www.isnare.com/?aid=55967&ca=Real+Estate There is no doubt that success can be found in short sales – buying real estate before the foreclosure auction and getting deep discounts on the purchase price. However, you have to do your homework before becoming involved in a purchase. I have been investing in real estate for over twenty years no... Real Estate Deb McMillan Wed, 31 May 2006 00:00:00 +0800 http://www.isnare.com/?aid=49630&ca=Real+Estate Parts I and II of this article series detailed two mistakes to avoid when making a short sale. The first is not to believe that short sales are quick and easy. The second is to remember that banks do not lose money on short sales. Now Part III tackles the final three mistakes you need to avoid when...