• 16Aug

  AN EXCITING NEW PROGRAM FOR BULK REO BUYERS AND SELLERS

  Bulk REO Sales, Property Preservation Preserving Foreclosures, Real Estate Investor Support Comments Off

  
  

  Acquired Asset Solutions, Inc. is proud to announce a new program for both Bulk REO Buyers and Sellers. This program is the result of a powerful alliance we have developed with our sister brokerage, New Realty, a real estate brokerage firm specializing in both commercial and residential Asset Management.

  Now, when you buy Bulk REO Packages, you no longer need to worry about who will assess them for condition and viability. We offer BPOs, Inspections and Photographs for the low price of $125.00 a door.

  But our services don’t stop there. Because we are committed to helping investors nationwide, we are also offering after-acquisition services with the assistance of our subsidiary Secured REO Services. These services include securing, repairs, managing, and selling your purchases, with a focus on short-term flips, all for the low introductory price of $995.00 a door, nationwide, for a limited time only.

  We value our relationships with real estate investors both new and seasoned and have created related services for special purchases that will enable even the smallest Bulk buyers to see big returns and to close deals with ease.

  For more information on this exciting opportunity, call us at 1.877.227.7503

• 16Aug

  Good news for investors that buy flips!

  Uncategorized No Comments

  90 Day Flipping Policy Waiver: Effective February 1, 2010, HUD has issued a waiver of the 90 day rule (flipping rule) that applies to sellers other than HUD and exempt entities.  At this time, we can accept properties if the contract of sale for purchase is executed within 90 days of the prior acquisition by the seller under the following circumstances:

  
  

  § The transaction must be arms-length with no identity of interest between the   buyer and the seller or other parties in the sales transaction.

  
  

  § The seller must hold title to the property at the time of the purchase contract.

  
  

  § LLC’s, corporations or trusts that are serving as sellers must be established and operated in accordance with applicable state & Federal law.

  
  

  § No pattern of previous flipping activity exists for the subject property, as evidenced by multiple title transfers within a 12 month time frame.

  
  

  § The property must be marketed openly and fairly via MLS, auction, FSBO offering or developer marketing (any sales contracts that refer to an “assignment of contract of sale” which represents a special arrangement between seller and buyer may be a red flag).

  § The sales price of the property must be less than 20% above the seller’s acquisition price.  We are not accepting the additional HUD waiver conditions for increases of 20% or more at this time.

  § Upfront MI Premium Changes: Per HUD Mortgagee Letter 2010-02, effective with case numbers issued on or after April 5, 2010, the upfront MI premium will be 2.25%.  This change applies to all purchase and refinance transactions, including credit qualifying and non credit qualifying streamline refinance transactions.  Annual premiums will not change at this time.

  
  

  
  

  Give us a call if you are looking for product with a good return to fit the new HUD Guidelines regarding seasoning. We specialize in property lists where you can cherry pick.

• 16Aug

  20 Minute Flip! Listen up, bulk buyers!

  Bulk REO Sales No Comments

  The Miami Herald Elaine Walker reported a 20 minute flip on March 16, 2010 as one of the quickest bulk condo flips ever recorded. Apparently, a savvy investor purchased 19 units in the new Mi Primera Illusion Villas, a Miami condominium complex, and immediately flipped the package to another investor making 200K in 20 minutes! The investor purchased the package for 1.25 million and resold it 20 minutes later for 1.45 million. The investor who picked up the properties still got an incredible deal at a 60 percent discount.

  This is just another example of well connected investors pocketing huge profits in 20 minutes. Many small investors can do the same kind of transaction. For more information on how you can turn quick profits please contact Jason at 1.877.227.7503.

• 16Aug

  Commercial Defaults are on the rise

  Bulk REO Sales, California Deals, Loan Modification, Real Estate Investor Support, Surviving This Economy, The REO Crisis Comments Off

  Carrie Bay of DSNews.com is reporting that commercial defaults continue to rise because refinancing efforts are still saddled with delays because of the large influx of new troubled loans. Many property owners resorted to bankruptcies to try to fend off foreclosures with most failing to do so.

  Michael Merriam, Standard & Poor’s servicer analyst, explained that between June and December of last year, total delinquencies within primary servicing portfolios increased to 4.59 percent from 2.90 percent based on loan count. Looking at outstanding principal balances, the delinquency rate increased to 5.50 percent from 3.28 percent.

  In total, special servicers’ loan portfolios grew 26 percent to 5,676 loans at year-end 2009 compared with midyear, S&P said. Their REO portfolios also grew 26 percent to 946 properties. In comparison, these same special servicers had $71.1 billion of unresolved assets (4,504 loans and 750 REOs) as of June 30, 2009, and $34.2 billion of unresolved assets (3,966 loans and 576 REOs) as of December 31, 2008.

  Acquired Asset Solutions, Inc. has private investors looking to refinance these troubled mortgages.

  For more information, visit our website at http://www.acqas.com

  Email: lending@acqas.com

  or call us at 1-877-227-7503.

• 26Jul

  REI Daily Episode 4: “Business Credit for Real Estate Investors” 6.4.09

  Real Estate Investor Support No Comments

  REI Daily Episode 4 “Business Credit for Real Estate Investors” 6.4.09
  rei-daily-ep-4-biz-credit-for-rei-6-4-09

• 26Jul

  REI Daily Episode 3: “Foreclosures—the Effects on Comps” 6.3.09

  Uncategorized No Comments

  REI Daily Episode 3 “Foreclosures—the Effects on Comps” 6.3.09
  rei-daily-ep-3-foreclosures-effects-on-comps-6-3-09

• 04Jun

  REI Daily Episode 2: “The California REI Market” 6.2.09

  California Deals, Uncategorized No Comments

  REI Daily Episode 2 “CA REI Market” 6.2.09
  rei-daily-ca-rei-market-episode-2-6-2-09

• 01Jun

  REI Daily Episode 1: “Survivors” 6.1.09

  Bulk REO Sales, Surviving This Economy No Comments

  edited-rei-daily-survivors-episode-1-61091

• 21May

  REI Reality Check Episode 4: “Invest Now”

  Uncategorized No Comments

  edited-episode-4-invest-now

• 21May

  REI Reality Check Episode 3: “Seller Financing”

  Real Estate Investor Support No Comments

  edited-episode-3-seller-financing

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