Aspects to investigate before acquiring a distressed property
She is a Nocatee Certified Agent, Certified Distressed Property
Expert and Certified Negotiation Expert.
Alex Charfen, co-founder and CEO of the Distressed Property
Institute in Austin, Texas, said that agents such as Pettway with the CDPE Designation have valuable perspective on the market, and training in short sales that can offer homeowners real alternatives to foreclosure, which can be devastating to credit ratings.
Banks, including Royal Bank of Scotland (LON: RBS), Lloyds Banking Group (LON: LLOY) and Co-operative Bank are leveraging on the market to dispose of their distressed property
and unwind previous losses.
The Distressed Asset Intelligence Suite helps mortgage holders and investors determine how local distressed property
trends impact the value of their assets and maintain compliance with Interagency Supervisory Guidance on Allowance for Loan and Lease Losses Estimation Practices.
New Hampshire's distressed property
sales rate was the highest of the states studied.
In November 2011, Lloyds sold AUD1.7bn (USD1.68bn/EUR1.35bn) worth of distressed property
loans to Morgan Stanley and Goldman Sachs (NYSE:GS) through its local arm BOS International.
WORLDWIDE demand for distressed property
increased dramatically in the second quarter of 2011, according to the Royal Institution of Chartered Surveyors (RICS) latest global distressed property
So many turned up for a "distressed property
" auction at Dublin's Shelbourne Hotel that auctioneers had to take bids from some of the 300 hopefuls on the street outside.
Flipping homes on operational considerations, which is more risky, involves buying a distressed property
, fixing them up, making a few repairs, and passing them off as "normal" home available for the average buyer.
Summary: Something needs to be done about the lack of transparency in distressed property
developments in the UAE.
BANNER: There are two ways you get to become a distressed property
. One being that the debt on the existing property is greater than the actual market value today.