USE THE “PRESENT STATE OF THE ECONOMY” TO YOUR ADVANTAGE
May 26th, 2009
As eluded in my last week’s BLOG ONE to the cycles over the past years within the real estate industry , with BLOG TWO I again reflect on history with the results of the “1986 Tax Reform Bill”; plus, simultaneously the down turn of the oil industry here in New Orleans and affecting many other areas of the United States. With the negatives there also came the positives for home buyers and investors resulting in a thriving business of analyzing the values of “troubled” assets for financial institutions, marketing the assets, and FINALLY a satisfied buyer and an improvement in the asset’s neighborhood. These “assets” are commonly know as REO’s, an abbreviation for “Real Estate Owned” (definition = property which is in the possession of a lender as a result of foreclosure or forfeiture) and HERE WE GO AGAIN in a similar cycle with an added dimension of SHORT SALES. So, if you are in the position to buy your first home, “move up” and/or invest: count your pennies, check your credit, get pre-approved by a lender if you need a loan (TSerro@Essentialmtg.com), and call Carolyn Mitchell, GRI,CRS,SRES,BS–agent with Latter & Blum Inc./Realtors 504-561-6083 for guidance.
TIP ONE
“Your Dream Castle” could come true using the patience & strategy of a (POSSIBLE SHORT SALE) with listing #786663 (www.latter-blum.com) comfortably tucked behind the gate in Barkley Estates.
3357 Knightsbridge Dr., Harvey, La. 70058
TIP TWO
Just a sample of REO properties that may glean a “positive cash flow” for the investor and/or owner-occupant on these two “doubles” with listing #780818 (www.latter-blum.com) (63-67 Westpark Court) and listing#782402 (www.latter-blum.com) (320-322 Slidell Street) in Algiers, 70114, on The Westbank close to The Mississippi Bridge within a few minutes of The French Quarter, The Convention Center, The Riverwalk, The Superdome, and The Central Business District. The lender may even do “special financing”.
63-67 Westpark Ct
320-322 Slidell St.
OR this economical single-family FANNIE MAE REO opportunity offering unique FANNIE MAE REO RENOVATION FINANCING with listing #770540 (www.latter-blum.com)
3537 Timberbluff Lane in Algiers 70131
HURRY!!! Give me a call and I’ll help you through ANY steps to BUY or SELL REAL ESTATE—Carolyn Mitchell 504-451-6083 (cmitchell@latterblum.com)
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Carolyn Mitchell
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