Articles by Beth Jo Zeitzer on ArticleSnatch.com

Canadian Real Estate Investors Buying REO Properties in Arizona

Thu, 05 Nov 2009 13:31:56 -0500

Real estate agents in Arizona are starting to notice a shift in the REO investor demographic and the Canadian population has a lot to do with it. This article will provide you with information about REO properties and why Canadian real estate investors are buying REO properties in Arizona. What is an REO property? REO stands for Real Estate Owned. When residential and commercial properties are sold through foreclosure auction, the owner usually owes more than market value to the lender. This is often prevents the property from selling and sometimes such foreclosure auctions do not draw any bidders. As a result, the property may not sell at the auction and the title reverts back to the financial institution holding the lien. The property then becomes an REO property in Arizona. What happens to REO properties? After the bank gains possession of the property, the mortgage loan goes away and the bank becomes responsible for any senior liens. On residential matters, the current owners are generally evicted, and repairs are made to make the property more attractive to potential buyers. On commercial assets, the bank will generally want to keep the tenant(s) in place, to retain an income stream. **End Summary** Topics: Canadian real estate investment opportunities]]> REO properties in Arizona]]>]]> About the Author: ]]> Beth Jo Zeitzer, founder of R.O.I. Properties, a full service real estate brokerage firm specializing in Arizona foreclosure properties, bankruptcies and probate properties with listings from $9,000 to over $1,000,000. For more about Canadian real estate investment opportunities and REO properties in Arizona , visit our site.

The State of Arizona Real Estate: Wild West Deal Making

Mon, 28 Sep 2009 17:04:26 -0400

In today's economy, both buying and selling a home can prove to be a difficult task in even the best of cases. This article will provide you with information about the state of the real estate market in Arizona - the Wild West. Whether you're a first time home buyer or a real estate investor, the following information will be beneficial to you. Remember the good old days in Arizona real estate, when a seller could simply list his property for sale, push his agent to aggressively market it and realistically expect it to sell for a strong profit? Well, those days may now be as outdated and unrealistic as trying to make a living panning for gold, or waiting to ambush a stage coach; yet, the Wild West is still the best place to be to make a deal! **End Summary** Topics: arizona real estate]]>]]> About the Author: ]]> Beth Jo Zeitzer, founder of R.O.I. Properties, a full service real estate brokerage firm specializing in foreclosure properties in Arizona, bankruptcies, probate properties and more, and co-author John Brigham, multi-family specialist. For more about Arizona real estate , visit our website.

Retail REO Properties in Arizona: Buying and Investing

Fri, 18 Sep 2009 11:22:05 -0400

REO properties can give home buyers and real estate investors significant leverage when it comes to price. This article will provide you with information about the advantages of buying and investing in retail REO properties in Arizona. Whether you're a first time home buyer or a real estate investor, the following information will be beneficial to you. What is an REO property? REO stands for Real Estate Owned. When residential or commercial properties are sold through foreclosure auction, the owner usually owes more than market value to the lender. This is often prevents the property from selling and sometimes such foreclosure auctions do not draw any bidders. As a result, the property may not sell at the auction and the title reverts back to the financial institution holding the lien. The property then becomes an REO property in Arizona. What happens to REO properties? After the bank gains possession of the property, the mortgage loan goes away and the bank becomes responsible for any property liabilities owed by the prior borrower, such as HOA fees. In most cases, the current owners are evicted and repairs are made to make the property more attractive to potential buyers. **End Summary** Topics: reo properties arizona]]> reo properties az]]>]]> About the Author: ]]> Beth Jo Zeitzer, founder of R.O.I. Properties, a full service real estate brokerage firm specializing in foreclosure properties in Arizona, bankruptcies, probate properties and more, and co-author Marcela Houser, retail REO specialist. For more about REO properties in Arizona , visit our website.

Search for Short Sale Property Listings in Phoenix

Mon, 27 Jul 2009 15:53:09 -0400

Are you interested in searching for short sale property listings in Phoenix? Or, are you a homeowner interested in pursuing a short sale on your own home? This article will provide you with information about finding short sale listings, and listing your home for a short sale. It also includes some tips that will help you locate the right site and the right agent. Whether you're a first time home buyer, real estate investor or homeowner, the following information will be beneficial to you. Short sales are becoming more prevalent in the metro Phoenix market largely as a result of dwindling REO opportunities. Demand has dramatically increased for lender owned properties, which has pushed up pricing. As a result, investors and other REO buyers are setting their sights on short sales. According to the Cromford Report, as of 7/14/2009, there were 7,971 short sales under contract in Greater Phoenix awaiting closure and/or approval by the lender. The Cromford Report also notes that the listing success rate has jumped from 16% in January to 44% today. These extraordinary numbers indicate that more homeowners are pursuing short sales, and that lenders are approving them ' eventually. What is a short sale? **End Summary** Topics: short sale property listings phoenix]]> short sale property listings arizona]]>]]> About the Author: ]]> Beth Jo Zeitzer is founder of R.O.I. Properties, a full service real estate brokerage firm specializing in foreclosure properties in Arizona, bankruptcies, probate properties and more. For more information about searching for short sale property listings in Phoenix , visit our site.

Search for Foreclosure Property Listings in Phoenix

Mon, 27 Jul 2009 10:25:03 -0400

Are you interested in searching for foreclosure property listings in Phoenix? This article will provide you with information about finding foreclosure listings and some tips that will help you locate the right site and the right agent. Whether you're a first time home buyer or a real estate investor, the following information will be beneficial to you. The circumstances that can put a home into foreclosure are unfortunate and unpredictable, and in today's economy, homeowners are losing their homes at an alarming rate. As unsettling this economic reality may be, bank owned homes can be a real opportunity for buyers, especially first time buyers. Prices have never been lower, and if you're a first time home buyer or a real estate investor, this presents an unprecedented buying opportunity. The market is now flooded with vacant homes that are being sold below their appraised value, which makes finding a foreclosure property in Phoenix a good investment. What does it mean when a home goes into foreclosure? Foreclosure is the legal and professional proceeding in which a mortgagee, or other lien holder, usually a lender, obtains a court ordered termination of a mortgagor's equitable right of redemption. **End Summary** Topics: foreclosure property in arizona]]> foreclosure property in phoenix]]> foreclosure property in scottsdale]]>]]> About the Author: ]]> Beth Jo Zeitzer is founder of R.O.I. Properties, a full service real estate brokerage firm specializing in foreclosure properties in Arizona, bankruptcies, probate properties and more. For more information about how to search for foreclosure property listings in Phoenix , visit our site.

How to Find a Foreclosure Property in Arizona

Sat, 06 Jun 2009 00:00:00 -0400

Are you interested in finding a foreclosure property in Arizona to buy? This article will provide you with information about finding foreclosures and some tips that will help you locate the right site and the right agent. Whether you're a first time home buyer or a real estate investor, the following information will be beneficial to you. Foreclosure is the legal and professional proceeding in which a mortgagee, or other lien holder, usually a lender, obtains a court ordered termination of a mortgagor's equitable right of redemption. Many homes go into foreclosure because the homeowner stops making payments. This can happen for many reasons including losing your job/income, becoming unable to work due to medical reasons, carrying too much debt, going through a divorce, etc. The circumstances that put a home into foreclosure are unfortunate and unpredictable, and in today's economy, homeowners are losing their homes at an alarming rate. As unsettling this economic reality may be, bank owned homes can be a real opportunity for buyers. Prices have never been lower, and if you're a first time home buyer or a real estate investor, this presents an unprecedented buying opportunity. **End Summary** Topics: foreclosure properties in arizona]]> free foreclosure listings]]>]]> About the Author: ]]> Beth Jo Zeitzer is founder of R.O.I. Properties, a full service real estate brokerage firm specializing in foreclosure properties in Arizona, bankruptcies, probate properties and more. For more information about finding foreclosure properties in Arizona , visit our site and search our free listings.

Buying Foreclosures And The Steps Involved In The Process

Wed, 20 May 2009 00:00:00 -0400

Home buyers looking for a deal in real estate often consider purchasing a foreclosure. This article will provide you with information about buying foreclosures and the steps involved in the process. Whether you're a first time home buyer or a real estate investor, the following information will be beneficial to you. Foreclosure is the legal and professional proceeding in which a mortgagee, or other lien holder (usually a lender), obtains a court ordered termination of a mortgagor's equitable right of redemption. There are many reasons why homeowners fall into foreclosure. Why does foreclosure happen? It frequently results from one or more of the following: - Laid-off, fired or give up job - Incapacity to keep working due to medical conditions - Over the top debt and mounting bill requirements - Unaffordable mortgage payments due to an adjustable loan reset - Being upside-down on mortgage (the mortgage is more than the home is worth) - Quarrels with joint owner, divorce - Job move to another state Interested in buying a foreclosure? Here are some recommendations: Find a Property - Define your criteria - location, price range, age, size, condition, etc. **End Summary** Topics: home foreclosure]]> forclosure sale]]> buy a forclosure]]> buy a forclosed home]]> reo property]]> reo]]>]]> About the Author: ]]> Beth Jo Zeitzer is founder of R.O.I. Properties, a full service real estate brokerage firm specializing in foreclosure properties in Arizona, bankruptcies, probate properties and more. For more information about buying foreclosures , visit our website and search our free listings.