GREENWICH, NY
Susan B. Anthony’s former home was put up for sale recently.
No one bid on the Washington County home, and it was transferred to a private mortgage company. The property was then donated to the state’s Office of Parks, Recreation and Historic Preservation.
READ THE REST HERE
I posted this article originally last year, but it is just as appropriate today and serves as a good testimonial for new fox users.
I thought I’d post a great personal endorsement for the ForeclosureFox foreclosure property database.
It’s a good real world example of why the service is a value to investors.
Just today while in the office and scrolling through my local foreclosure listings, I noted one that was right down the street from us that I had an interest in, I knew the building and it was a valuable one being right off the main intersection in a small upstate ny town.
The foreclosure fox database had the info, but it had not yet (I checked at the same time) been listed in the local MLS.
The listing has been in the ForeclosureFox database for days.
The realtor who the bank was having list it locally had not even received the data yet, he had a lockbox, but no sign out yet, and the bank hadn’t yet sent him the data he needed to create the MLS listing.
What that means and why it’s important is that the data we have here was received by me (the potential buyer/investor) long before the other local investors or buyers or real estate agents would have seen the property for sale.
I’ve already had time to walk the lot and check out the building, plan and prepare an offer and contingencies, etc.
All before anyone else knew it was for sale.
Very cool.
I had the info in the hands of another broker who will probably buy the building the same day (long before anyone else even has a chance to consider it), I’ll make a nice referral fee, and the listing will likely be marked pending on the MLS the same day it’s listed.
If you’re slow, you ….. well, you know.
Just enter your ZIP above or select your state and search for foreclosures in your area for free.
via the Mortgage Fraud Blog
Three New Defendants in California Foreclosure Rescue Scheme Indictment
A federal grand jury has returned a new indictment that adds three defendants to a case stemming from a $12 million foreclosure scam in which homeowners who were in default on their mortgages were promised refinancing, but ended up having their homes sold to others after the equity had been skimmed.
The superseding indictment alleges a scheme orchestrated by Martha Rodriguez, 35, Downey, California and Edward Seung Ok, 40, Torrance, California who operated real estate and escrow agencies in Downey and Seal Beach, California. Rodriguez and Ok were arrested last November when the grand jury issued its first indictment.
The superseding indictment adds three defendants, as well as additional fraud counts and new identity theft charges. The new defendants are Cynthia Valenzuela, 23, Downey, California who is Martha Rodriguez’s cousin; Vladimir Stefanovic, 35, Lancaster, California who is Martha Rodriguez’s boyfriend; and Maria G. Juarez, 36, Reseda, California.
The indictment outlines a foreclosure scheme that targeted commercial lenders and homeowners in such areas as Artesia, Lakewood, Gardena, Wilmington, Carson, West Covina, La Puente, El Monte, Westminster, Downey, Van Nuys and San Bernardino, California. The scheme victimized more than 100 homeowners and allegedly caused losses of at least $12 million.
READ THE REST AT MFB
LATHAM, NY, AUGUST 15, 2006:
The New York State Real Estate Investors Association NYREIA will hold their September meeting on September 19, 2006 at 6 PM.
Andy Heller will be the guest speaker.
Fortune Magazine recognized Mr. Heller’s book “Buy Low Rent Smart Sell High” as one of the top five books on real estate.
Entrance is free to members and $30.00 at the door for the general public.
If you join that evening your entrance fee will be applied to you membership.
