You Can No Longer Buy Foreclosures!

Investing, Wholesaling on October 8th, 2015 Comments Off on You Can No Longer Buy Foreclosures!

Well, if you or your lender insures title with First American Title Insurance Company (FATIC) or Chicago, you can’t. Big news. When FATIC and Fidelity/Chicago announced new processes for writing title insurance policies on foreclosed properties (more here from Rich Vetstein’s blog), making it extremely difficult to get an Owners or Lender’s Title Policy, we […]

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Gov. Patrick Dashes Hopes to Fix Ibanez Fallout

Investing on August 18th, 2014 Comments Off on Gov. Patrick Dashes Hopes to Fix Ibanez Fallout

In real estate news, it looked like there was a light at the end of the tunnel concerning the dreaded foreclosure ruling. Why all the fuss about Ibanez? Essentially, the original U.S. Bank v. Ibanez ruled foreclosures were invalid when banks couldn’t prove they had the proper paperwork to foreclose.  This protects the rights of […]

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Project Updates: 2 New Construction and 3 Rehabs

Investing on February 14th, 2014 Comments Off on Project Updates: 2 New Construction and 3 Rehabs

Deal #123 – 354 Westford Rd, Tyngsborough, MA For our first modular home, why not throw in conservation and a pre-existing non-conforming lot? Where 4 shanty buildings were, now stands one 2,320 4-bed colonial. Status: Under Agreement, closing TBD Deal #118 – 7 Old Locke Rd, North Hampton, NH We recently completed our most high-end […]

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Ask Nick: Why sign a deed over to a bank?

Investing on December 29th, 2010 No Comments

Hi Nick, I was wondering when/why a distressed homeowner would sign the deed over to a bank.  Is the advantage to have it not go to auction on behalf of both parties? And when that is done, can a buyer be ready and willing to purchase it immediately?    Reviewing a few transactions via B&T, I […]

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Ask Nick – “When does a homeowner legally lose their foreclosed home?”

Investing on November 18th, 2009 No Comments

Hi Nick, While wholesaling, I constantly encounter homes vacated by the Home Owners. I keep coming across notices from a company called American Field Services reading, “The property has been secured/winterized”… “Do not turn on utilities”…”heating tank has been drained”…. I understand the homeowner still has time before a foreclosure date is actually set, however, […]

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Building Wealth in a Down Market

Business on October 27th, 2009 No Comments

Someone posed this very question to me last week, and since this seems to be the “buzz” topic recently, I thought I’d share my humble thoughts on the subject. What a Financial Planner Would Tell You It’s intriguing to me, as if you would have asked me this question back before I was introduced to […]

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