Rocktex

11 Places to Find Foreclosed Real Estate

To Alan:
Don't be so rude, please. Here are just 11 links. Nothing expressed any opinion on the writer.

To Stockerblog:
After checking USB's REO site, It is confirmed that they don't really release All the REO inventory as those bygones days. For public image? For self protection? All I know is they don't treat the website as an effective marketing tool in their mind.

Say there is only one REO listing in California. Do you believe that? I can give you more than 10 pieces of REO USB has now.
As I know, there is a website that will give you 50% REO lenders' link.

Bank Coalition Near Accord to Freeze ARMs - WSJ

Here is my previous post on WSJ to comfort you hopefully:

ET - Nov 19, 2007
Hi, K!In the movie "Splash", the actor found out his lover is a mermaid. He is so upset. His brother came to comfort him: "No body says love is perfect." The response is "I didn't expect it perfect, but at least not a fish."

Now I would like to comfort you; "Nobody says life is fair." I know you are going to reply: "I didn't expect...." I understand.

Let me propose this: how about everyone can make a choice to stick to the origional loan terms or switch to the current relief term of freezing plan?

Hmmmm.... you have to make more louder or politicians will ignore you, right?

Bank Coalition Near Accord to Freeze ARMs - WSJ

HELP! I'm Facing Foreclosure!

It sounds like there are not so much experience your peers have. I went through pre-foreclosure when I was trying to obtain my Cali RE licence in 1989-90.

At that time period, nobody including my broker could give me any help. Because they don't have a practical personal experience. All they know is from books. Don't blame them since they really don't know nothing about REO practice even they can show the words "REO specialist" on their business cards.

Now, I have been watching and working on so many foreclosure. I have my keen eyes to see those relief plans consumer organizations have established. They are trying to artificially change the cause of market forces by political powers. Sorry, I have to say: all they know is from books, too. Don't blame them since Cali Governor and Treasury Secretary are so funny to present such a "freeze" loan program.

All of programs are focusing on one side of a coin. Passively asking a help or cooperation from the lenders. Gee! how about the other side?

For an example, one of my neighbors has his home foreclosed on Nov. 6, 2007. It is too late for me to work on when I knew it. There is only 3 days left for me actively and positively "attack" the other side. [in fact, there is only one day since it is a weekend] They owe a bank $82K that is the minimun amount on auction block. The real market value is lower than $ 60K.

If they let me know earlier and give me at least 2 weeks to work on. It is very possible for them to stay at their home now. They may be able to owe a new loan of less than $40k and pay 50% less of monthly payments. I believe it is a practical goal for me.

How can I do it? That' what I mean the other side of a coin: know the "sofeware" real estate well enough to set your own rule to play with a lender, not to follow theirs.

If I go out to help the general public with less funds they have, believe me, I won't talk about those public or private useless plans that are at the mercy of those greedy lenders. I won't do lip service to give advice only.

Trust me I will use my expertise and the rational market forces to only give real good, solid and practical stuff to the weak publics.


p. s. Sorry, I made a brief coment above. I owe you guys a better one.

Bank Coalition Near Accord to Freeze ARMs - WSJ

lol