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What to Know About Buying a Short-Sale Home as an Investment

By Dr. Teresa R. Martin, Esq., REIA NYC As the US housing market continues to show signs of a healthy rebound, there are a couple of interesting trends (http://www.forbes.com/sites/samanthasharf/2016/07/06/housing-forecast-what-to-expect-in-the-second-half-of-2016/)that are affecting how investors buy real estate. On one hand, property values have been rising throughout the country. On the other hand, however, while the demand for home ow ..

How To Buy a Foreclosure

You want to buy a foreclosure? Remember, there are both great opportunities and great pressures and pitfalls in this market. First, you have to decide at what stage of foreclosure you want to buy. There are three options: 1. pre-foreclosure; 2. sheriff’s auction; 3. repossession, called REO (for real estate owned by the bank). The safest and best way to buy is when it’s a bank-owned property,” said Rick Sharga, a spokesm ..

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