Tag: foreclosure

HUD Homes 101: What Every Real Estate Investor Needs to Know – Part 1

Posted on by Cameron Dunlap

Today’s post is all about…you guessed it…HUD homes.

There is much to uncover in this two-part blog series…what are HUD homes, what does the investing process entail, how do you find HUD homes, etc…But first, let’s touch on the basics of this type of property.

Simply put, the term “HUD” refers to the U.S. Department of Housing and Urban Development.

A“HUD home” is a 1-to-4-unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD then becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.



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5 Vitally Important Factors That Exist In Every Good Investment Property

Posted on by Cameron Dunlap

How do you know if an investment property is a truly GOOD deal?

I get this question often and the answer is…there are several simple, yet effective, ways to figure out if an investment property you’ve found makes sense as a deal for you.

Let me be very clear, it’s not about whether I LIKE the property. That has absolutely nothing to do with it!

Pro Tip: Take emotion out of the equation when evaluating an investment property.

You see…to me, these houses are simply inventory. In fact, some of the deals I do these days are on investment properties

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8 Simple Rules for Making Offers on Houses That Are “Bank-Owned”

Posted on by Cameron Dunlap

Bank deals are different than private seller deals.

Banks scrutinize your offer much more closely… but there is good news!

THERE ARE A TON OF REO DEALS AVAILABLE IN TODAY’S MARKET FOR YOU TO MAKE REAL ESTATE OFFERS ON!

Banks (specifically “REO” departments) do a lot of deals. They are in the trenches every day and get “blown off” all the time.

Because of this they are systematic in their approach…

Their “BS meters” are finely tuned…

You are not going to get away with anything.

You MUST do a double closing because they forbid contract assignments, whereas in a

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Lender Resale Restrictions

Posted on by Cameron Dunlap

After you’ve had a chance to watch the video, please let me know what you’re thinking by posting a comment below.

Cam

PS. Here’s a somewhat cleaned up transcription of the video.

Hello, Cam Dunlap here, for a white board exercise today. What I want to talk to you about is Bank Resale Restrictions. There’s no doubt that there are a lot of bank foreclosures out there now, and some lenders have been for a long time, and others are just experimenting, and some are moving away

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