Are parts of the California real estate market turning into Detroit-esque places where plummeting values have rendered some properties virtually worthless?  It’s beginnning to look that way in some of the tougher markets.

I walked away from a little deal earlier this week.  A woman contacted us by submitting an heir advance request form.  (more…)

OK, this has nothing to do with foreclosures, but it’s a good illustration of never making assumptions.

Earlier tonight, as I walked outside my home, I could smell the sweet but foul odor that occurs maybe once or twice a year. I try to put it out of my mind but it’s sort of hard to. (more…)

If you received a call from a motivated seller today, who’s willing to sell you “his” property for 50% of market value if you’ll commit today, would you be prepared to make the offer? 

What if he tells you that there’s a catch (you were expecting this, right?) and the catch is that the property is in probate because the owner is deceased.  Would you know what to ask next?

Would you have any questions about what capacity and powers he has, if any, to sell this house to you? 

Is this his decision to make, alone, or will other people need to be consulted? 

How would you document this deal?  What would the paperwork look like? 

How long will it take before you can close escrow and call this deal, “a done deal?”

These are just some of the questions that I want to cover in this blog.  I intend to use this site to supplement what I’ll cover in both my home-study course and live seminars, workshops and bootcamps.