The Real Estate Expert

Simple Steps To Success As A Bulk REO Investor

The recession in the U.S. economy has resulted in more foreclosures than experienced by any other generation of Americans. But smart real estate investors are turning these ‘lemons’ into ‘lemonade’ in an incredibly profitable new way.

This new opportunity – known as ‘Bulk REO Investing’ – is so huge it’s captured attention from wealthy investors and private investment funds alike.

Take a just a minute to consider the basics of this highly profitable business.

Understanding of the foreclosure process is central to understanding Bulk REO investing.

As a home owner misses a payment or two, the lender sends the predictable barage of threatening letters and warnings. The formal process of foreclosure begins at the lender’s discretion. Between the formal beginning of the foreclosure process and the public auction is the ‘preforeclosure’ period.

Foreclosure is completed when the property is put up for auction. If there are no buyers for the property at auction, the property is returned to the lender. The property then receives the designation of being an ‘REO’ or the more formal name, ‘Real Estate Owned’.

REO properties are usually listed for sale with local real estate agents. However, lenders are increasingly willing to take much less than their REO asset is actually worth. But the price of receiving such great pricing is the need to purchase multiple REO properties (a ‘package’) rather than individual properties.

Qualified real estate investors are increasingly finding once-in-a-lifetime opportunities in these REO packages. The most successful Bulk REO Investors will have a well-respected source of funding for their transactions. Some sources of funding for these transactions are: personal funds, hard money lenders, commercial lenders and non-conventional sources such as private investors and hedge funds. Additionally, one man is becoming very well known in the field of bulk REO investing, and his name is Salvatore Bushemi of Dandrew Partners, a New-York based hedge fund.

Add comment March 7th, 2010

What To Do If You Must Have Help With Your Medication

Help for prescriptions is available if you qualify. Medications can be extraordinarily costly and even more so if you do not have insurance. Help with prescriptions can make your recovery go a lot faster. This is particularly true with cancer patients.

Let’s say you have been getting chemo, although it causes an upset tummy, so you could do with a anti-nausea prescription medicine to go along with it. After that, the chemotherapy has caused you to become anemic, so you are prescribed a prescription for an iron supplement. The list can go on and on. The bottom line is that the medications costs for a cancer patient paying out of pocket might top a mortgage payment! At this point you need to turn to a prescription program assistance.

When You Need Help Paying for Your Medications

You certainly don’t want to stop taking your medicine. There are numerous plans available which offer free and reduced cost drugs assistance.

• Social Services- Most hospitals have a social worker which will help you get grants and other programs aimed at assisting you with your healthcare requirements. This might be your opening stop in looking for assistance. At all times update your doctor if you cannot pay for drugs or medical care. He or she could know of a program personally to support you, as well.

• PPA- The Partnership for Prescription Assistance is a company aimed at assisting those that can not come up with the money for their prescription medication. They have produced a database of over 800  programs and in excess of 5000 prescription medication available for reduced or no cost assistance. They help in determining what you are suitable for and applying for the assistance. The help is free and provided online.

• Pharmaceutical Companies- A lot of patients wouldn’t think drug companies offer assistance, on the contrary a lot do. Astra zenaca provides a prescription package for individuals taking their medicine and cannot afford them. Discover the manufacturer of your drugs by asking your general practitioner or pharmacist and check their web site for prescription drugs assistance programs.

Add comment February 20th, 2010