The bank, the largest mortgage servicer in the country, said Wednesday it will forgive up to 30 percent of some customers' total mortgage balance. The homeowners must have missed at least two months of mortgage payments and owe at least 20 percent more than their home is currently worth. The plan is the newest provision [...]
Archive for SoCal Real Estate
The SoCal Real Estate Market So Far in 2010 [PODCAST]
We’re almost through the first quarter of 2010 and wanted to give you an update of what’s going on with WealthPoint. The market has been a bit different than we had hoped from our first podcast of 2010. Click below to listen to the update and see what we’re doing differently. 2010-03-25-podcast.mp3
Let the Games Begin!
And we are off! This year did begin with a bang in our market place. To start, on January 3, 2010 there were almost 4000 scheduled trustee sales in Los Angeles and my Blackberry sounded like a slot machine in Vegas from all the auto notifications emails from the various multiple listing services for New [...]
To Buy or Not To Buy….
We just recently began distributing educational materials as well as began to spread the word about what we do At Wealthpoint Equity Ventures Group and I was surprised at how many people began asking for advice on how to get started in our line of work. Currently, we buy single family homes for quick resale [...]
An Appetite for Foreclosures
Personally attending the Norwalk trustee sales this week for a barometer of the current foreclosure climate I was anticipating a calmer atmosphere with the holidays near and the voluntary foreclosure moratoriums. No such luck. It was a light day as far as the total number of scheduled sales and the files that made it through [...]
Why 2010 Will Be Interesting in the California Real Estate Market
As we look into next year for sharpening our investment strategies I came across an article by Carrie Bay concerning the borrower’s priority shifting from paying their mortgage first before their credit cards. In a nut shell, it spoke about the credit card now becoming the average person’s means to survival in this world of [...]
Where will the foreclosures go?
Investing in 2010 will be, scary, exciting and a fantastic opportunity for those who know how to navigate all its perils. Don’t be fooled by the band-aid Uncle Sam put on the foreclosure crisis – it is going to get much worse before it gets better and here at Wealthpoint Equity Ventures Group, we are [...]
Robert is speaking at SoCalREIA.com in December
Come join us on Thursday, December 17th at the monthly meeting of SoCalREIA. Robert will be speaking on the “Buying Strategies for 2009″ panel and will specifically be discussing REO sales. This is a great event that regularly gets hundreds of attendees. Admission is only $25 and the networking opportunities are amazing. Click the image below [...]
