Don’t bid on a house until you see our report! It’s that important. Are house prices inflated or undervalued? What should house prices be in your search area? Are the neighborhoods and cities you are looking in overvalued? Are you missing opportunities in nearby communities? Our report has those answers.
Are you better off renting instead of buying? Will your cost of ownership be more or less than a comparable rental? Is it currently cheaper to own or rent? Has it always been that way? Our report has those answers too.
Save thousands on your next home. Be smarter than bubble era sheeple who overpaid and lost their homes. Get the OCHN newsletter right now. You can’t afford to wait.
Wouldn't you be embarrassed to overpay by $100,000? Only fools buy houses without knowing neighborhood values. Don't be a fool. Don't suffer the pain of an underwater mortgage. The surest way to lose your house is to overpay for it. Our reports identify overvalued and undervalued neighborhoods. Use it to broaden or narrow your search area. Savvy buyers work with us to find bargains. We've saved thousands from financial ruin. Let us save you too. If you want peace of mind while shopping for your next home, sign up for our monthly market newsletter.
Wouldn't you be embarrassed to overpay by $100,000? Only fools buy houses without knowing neighborhood values. Don't be a fool. Don't suffer the pain of an underwater mortgage. The surest way to lose your house is to overpay for it. Our reports identify overvalued and undervalued neighborhoods. Use it to broaden or narrow your search area. Savvy buyers work with us to find bargains. We've saved thousands from financial ruin. Let us save you too. If you want peace of mind while shopping for your next home, sign up for our monthly market newsletter.
Foreclosure Deals
Gain a competitive advantage over other buyers. By locating distressed properties -- before they hit the MLS -- you can discover where tomorrow's REOs and short sales will appear. Most of these properties are not listed on the MLS, but they will be soon. Research properties in advance and get a jump on your competition. Don't miss out on another deal because you couldn't act quickly. Use this tool to your advantage!The red properties are already bank owned. As soon as REO asset managers prepare them for sale, they will be on the MLS. Get ready!
The green and blue properties have owners who are not paying their mortgages. They may be offered as short sales, or they may go through foreclosure and become REO. Either way, they will also likely be available on the MLS soon. Find your next home!
Be prepared to offer on these properties by researching them in advance or risk losing out to buyers who are have done their homework. Start your research today!
To find distressed properties, enter your desired location and press search. Scroll through list by pressing "next."
Will the Upcoming Election Shed Some Light on Shadow Inventory?
Ever since the notorious subprime mortgage meltdown and subsequent collapse of the housing market in 2007-2008, many of the nation’s lenders have found themselves loaded down and plagued with a plethora of foreclosed real estate holdings.
Not wanting to create an influx of inventory in this unambiguous buyer’s market, lenders have been hesitant to overstep the delicate tenets of supply and demand for fear that such a step would further reduce property values, diminishing their ability to recoup housing costs and possible ROI.
This “retreat” from the market resulted in a surplus of what is commonly known as the “shadow inventory.” Frustrated with how the market’s been trending, both buyers and lenders are just now beginning to actively seek out real estate transactions, but their previous inactivity has resulted in a stalemate of sorts, leaving the market sluggish and in desperate need of a kick-start.
As the 2012 presidential election looms, the question has been raised: How exactly might this inaugural season and possible transition of power affect lenders, REO sales agents, property preservation professionals, and others in default servicing?
Many industry experts are predicting that, regardless of which candidate is chosen, the shadow inventory will begin to make its way onto the market after the presidential election is decided and a leader is installed. Based on this hypothesis, the stability symbolized by a new presidential term will afford the market a greater feeling of security, leading it to correct itself simply because the transitional period of campaigning has come to an end and a final decision has been made.
The election itself, as opposed to the actual victor, could be the catalyst for a positive market change (and charge). That being said, the modus operandi as well as the speed at which the shadow inventory emerges very likely will be impacted by the chosen candidate’s political plans.
Both post-election scenarios have supporters with convincing arguments as to why their pick for commander-in-chief would provide a positive boon to the nation’s limping housing market, and we will be sharing some of those viewpoints with you over the coming days. In the meantime, we’d like to know which campaign you would choose to lead us out of the crisis, and which policies you think would be most effective in bringing the industry’s shadow inventory into the light.
Drop us a line at editor@dsnews.com to share your opinion, and be sure to look for future installments of this special election series here at DSNews.com.