Condo Conversions and the Real Estate Market

Revenue Robot — Tue, 18 Aug 2009 15:57:01 +0000

(photo: credits)

I mentioned a while back about the Housing Crisis in my own backyard where I wrote about the apartments that I used to live at and how they being converted into condos.

Well while searching Zillow.com for real estate deals in Orlando I came across something that was scary (in a way) only for the simple fact that when I lived there I was given the opportunity to purchase my apartment as a condo conversion for the price of $245k and that was with a 5% discount. Ahhh well it’s a damn good thing I didn’t buy at the time because check this craziness out…! You can buy the same sized unit (1,200 sq ft ) I lived in for only $79K and here is one for $43k and its a foreclosure! Now that is insane and one hell of a deal! If I had the extra money to buy it as an investment I would because, I did like living there the place had everything; Gated Community w/ indoor basketball, boat ramp, hair & nail salon, restaurant, billiards & rec room, pool and more.Similar Posts:

Bank Owned Properties List and REO Listings

Revenue Robot — Mon, 30 Mar 2009 05:46:31 +0000

I was searching homes in and around my area when a friend of mine informed me about Bank Owned homes a.k.a. REO properties, or Real Estate Owned properties. Either way you look at it the homes were an unsuccessful sale at a foreclosure auction. Which means that they are the perfect deal when it comes to buying a home.. minus the fact that most of them are buy as-is homes. So with that in mind I started searching for REO banks and I came across a bunch of banks that have their own Real Estate Owned (REO) property databases. I’ve listed the ones that I know of and could find.. If you know of any others please feel free to leave them with a comment.

Bank of America REO:
http://bankofamerica.reo.com/search/

BB&T REO (Branch Bank and Trust)
http://www.bbt.com/applications/specialassets/search.asp

Citibank REO
http://www.citimortgage.com/Mortgage/Oreo/SearchListing.do

Coldwell Banker REO Division
Coldwell Banker REO Division

Countrywide REO:
http://www.countrywide.com/purchase/f_reo.asp

Fannie Mae REO:
http://www.mortgagecontent.net/reoSearchApplication/fanniemae/

FDIC Real Estate Owned
http://www4.fdic.gov/DRRORE/

Freddie Mac REO:
http://www.homesteps.com/hm01_1featuresearch.htm

HSBC REO:
http://www.banking.us.hsbc.com/

HUD REO:
http://www.hud.gov/homes/index.cfm

IndyMac Bank REO:
http://apps.indymacbank.com/individuals/realestate/search.asp

JP Morgan Chase Bank REO:
http://mortgage.chase.com/pages/other/co_properties_landing.jsp