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To start us off, Steve Krasnow, a certified residential appraiser, talks about what to look for when considering a property. As you know, the key to smart offers and bids is knowing the market value of foreclosed properties. Figuring out a property's value, however, can be difficult when you're not allowed to tour it. Steve gives you four strategies for determining value - without setting foot on the premises. If you need help developing your "eye" for value, then this article is for you.
Next, Jason Kane, a Massachusetts real estate attorney and owner of Kane Title Services, presents, "Think Title Insurance is a Waste of Money? Think Again!" According to Jason, fraud and other issues have made title insurance a must-have purchase when investing in foreclosed or REO properties. This is an article you'll want to read and act upon immediately.
In our Interview with the Expert we caught up with Cathy Toomey, the dynamic and active Broker / Owner for Stone Ridge Properties, a real estate firm in Amesbury, MA. Cathy gives a great reason for building a network that includes real estate agents - it's because distressed homeowners call agents first when they know they have to sell their homes - fast. Read Cathy's interview to learn how and where you can meet agents like her.
This month Debbie Siegel, in her Mortgage Minute, "Staying on the Good Side of the IRS," gives you tips for understanding what's deductible and what's not on your 2006 taxes. Quick - when can you deduct points? The answer may surprise you.
We wish you a great start to 2007 and look forward to bringing you the latest and best in real estate investing tips and strategies for the coming year.
Best regards,
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| Jeremy B. Shapiro | Sheila Farragher-Gemma | |
| Co-Founders, ForeclosuresMass.com | ||
| January 2007 | Strategies for Determining Property Value » |
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