You talked, we listened… Get 80% of rehab cost funded on rehab flips

October 9, 2014 18:49 by David Huey

 

Growing Challenge for Real Estate Investors

Over the past year margins have been continually shrinking. Investors are bidding up properties, competition is getting stiffer. And while the SoCal markets have had a decent bull run, we’re not going to see any sustained double-digit growth.

“Home runs” are harder to find than ever before. The name of the game these days is to simply “get on base”.

Being “Smarter” Doesn’t Cut It Anymore

Used to be not long ago that a real estate investor could stay competitive by simply getting a bit smarter with sourcing deals. Whether divorce cases, short sales, probates, etc,.

Well that’s simply not the case anymore.

The strong have become stronger... making the competition stiffer everywhere.

You can’t just be smarter at finding deals… investors today need a solution for being able to work with smaller margins. So that it creates more opportunity where it perhaps didn’t exist before on a deal that seemed too slim.

As the cliché goes, you either adapt or you die.

How Does an Investor Adapt?

We’ve built out a loan product that now enables investors to lock down more deals with slimmer margins but still make a profit. So that you don’t have to wait for a few scarce home runs.

This new product is our 80/80 rehab loan.

Investors can now get up to 80% of purchase price – AND – up to 80% of rehab cost covered on a potential flip.

This enables investors to use less of their capital and offsets spend on rehab.

With this product, investors in our community have been doing a couple key things that has started to really grow their real estate business:

  1. Makes their dollar go a lot further with only having to put 20% down on purchase and getting the majority of the rehab cost covered
  2. Significantly minimizes risk because now an investor can buy 3-5 ‘skinnier’ flips at the same time and work them all. In case one deal moves sideways, like one usually does now and then, it’s only eating up some of the profit from the other deals and you’ll still be net positive. Whereas if you only had one deal, you’d take a big blow.

Want To See Case Study Numbers That Squash “65% ARV”?

We’ve built out a spreadsheet that you can plug deal numbers into and compare a 65% ARV loan versus our 80/80 rehab loan.

The difference in cost savings is remarkable.

Plus you actually get more cash at closing. Which is when you actually need it. Go figure.

If you’d like a copy of this spreadsheet and a few slides that break down the math behind why it makes sense to do multiple skinnier deals – even with all the financing costs factored in – then just shoot us an email to andreyp@soundequity.com and we’ll email it over to you.

 


What seasonal real estate slowdown?

November 11, 2013 20:46 by David Huey

About this time every year I start hearing about the seasonal slowdown in real estate.  And every year it drives me absolutely crazy! 

There is no question that the next 2 months are the absolute best time of the year for real estate investors to set yourselves up for your biggest profits of the year.  But, so few investors realize it.

If you read my blog post from about this time last year at http://www.soundequity.com/blog/post/2012/11/26/Tis-the-season-to-buy-investment-property!.aspx you’ll understand the reasons and some of the data that proves it.  But, this year I decided to share a real life example.  This 100% true story demonstrates not only that outstanding profit opportunities absolutely still exist in today’s market, but also the additional profits we enjoyed thanks to the seasonality of real estate.

Arlington, South Central L.A.

In the first full week back at auction after the holidays this past year, when most investors were still sitting on the sidelines waiting for the “slowdown” to end, our investors were busy scooping up last-minute opening bid drops with great profit potential sent by our proprietary FTT software. 

On January 11th, a Sound Equity investor, whom I’ll call Mary, bought a house on Arlington Avenue in South Central L.A. at the Pomona trustee sale auction for $175,000.01.  Mary had $50,000 in cashier’s checks and Sound Equity was happy to loan the remaining $125k. 

But, to say that Mary got scared when she did more diligence is an understatement!  You see, Mary learned after winning that 1) the title company missed a $26,137 tax lien that recorded the day before for the auction, 2) the house had squatters living in it and 3) it was trashed!  Now, clearly Mary should have done more diligence before buying the property, but that’s a story for another day. 

Sound Equity to the rescue

Did I mention that that it was trashed!?  And that Mary was scared?  She felt in over her head and asked for help.  We approached our investor network to see if anyone was interested in partnering with or buying Mary out.  Since we are constantly hearing that limited inventory is the #1 challenge most investors face in today’s market, we were frankly surprised that interest was only lukewarm.  We certainly appreciated the scale of the project, but also felt that there was a strong profit opportunity.

When none of our clients came in with a strong enough offer, we reluctantly decided to take it on ourselves.  We knew it would be a great learning opportunity for our staff to walk in the shoes of our clients and we thought there was a potential profit so we were willing to buy Mary out. 

Arlington, here we come

We felt it important to “eat our own dog food” plus we simply wanted to maximize our return on capital so we took out a hard money loan.  I know, it sounds a little weird… a hard money lender taking a hard money loan, but all capital has a cost and we knew we could make more money by leveraging our capital.  Now, I will admit that this loan was from ourselves to ourselves, but we sold the paper and paid the same points and interest rate as we change our customers. 

With financing established and Mary’s $50,000 returned, our next stop was at the property with $500 cash in hand to work out a cash-for-keys trade with the squatters.  Within hours, the squatters were out, the locks were changed and we started planning our ever first major rehab project!

With no intention to ever buy or rehab a house, particularly a project of this scale, our “plans” at first were sketchy at best so it took us two months from Mary’s acquisition at auction until construction started in earnest.  Progress was fast and furious thereafter though.

 

Rehab complete, but can we sell it?

On May 21st, the property was ready to sell.  It was beautiful too!  We had spent $58,360.24 on rehab and literally every surface of the property was replaced or repaired.  And, not only was the property in tip-top condition but our timing was perfect. 

According to a study published in the Winter 2012 edition of The Appraisal Journal, published by the Appraisal Institute in Chicago, and very similar to data we reported last November on our blog, U.S. home prices are at their seasonal low in January and their seasonal high in June.  As shown in the chart below, the average seasonal price swing during the 2000 through 2011 study period is 4.71%. 


Historically, according to the U.S. Census Bureau, the price-per-square-foot annual real estate appreciation averaged 4.2% from 1963 through 2008.  Therefore, if appreciation from January through June is 4.71% and the annual appreciation is 4.2%, prices actually drop ½% from June to December!

This brings us back to the entire point of this story.  Now is the time to aggressively buy investment properties!  Properties acquired from mid to late November through January/February offer investors the optimal opportunity to leverage seasonality to your advantage.  Historical data tells you that you can plan on 4-5% seasonal appreciation on the homes you buy now.  Whereas, you’ll need to plan for a ½% seasonal loss on homes bought in June/July. 

Arlington, how much can we get?

Knowing that we were at the absolute best time to sell, we decided to test the market for Arlington and set an aggressive price of $349,000.  We got the usual number of showings, but no offers and dropped the price to $339,000 after only 10 days.  One week later, we dropped another $10k off and boom!  It was under contract for full price!

With retail lending still tough, it took almost 2 months, but we closed on August 15th for $329,000. 

Bottom line, how’d we do?

Below is the data, but the bottom line is that we profited $37,850.96.  The transaction took a total of 6 months from start to finish and because we took out a hard money loan our total out of pocket for the project was only $122k.  That comes to an annualized return on capital of 53.2%.  Enough said!

Purchase Price

($175,000.01)

Taxes Paid

($26,136.52)

Rehab

($58,360.24)

Interest paid

($7,544.27)

SEI Loan fee

($6,040.00)

   

Total spend

($273,081.04)

Sale proceeds

$310,932.00

   

Net Profit

$37,850.96

   

Capital Out of pocket

$122,081.04

Annualized return on capital

53.2%

 

Conclusion

There are many lessons we can draw from our Arlington project.  Not the least of which is that deals absolutely still exist.  Arlington was acquired at the peak of hedge fund acquisitions.  The trick is to focus on niches that the majority are ignoring. 

For Arlington, not only was it a last minute opening bid drop, but both the physical condition and the tax lien would scare off every hedge fund and all but the most experienced of investors.  Arlington fit squarely in a fantastic niche of overlooked properties!  Other investors we provide capital for are having great success in high-priced properties, commercial properties and properties with significant opportunities to increase market value through additions.  The key is to find your niche that others are ignoring.

Another key lesson is an understanding of what can be accomplished for amazingly low prices.  You can often get an eviction completed or a cash-for-keys deal for significantly less than you might imagine.  There are absolutely contractors out there who do fantastic work for a fraction of the cost that others charge.  Same goes for everything from real estate commissions to appliances.  If you need help finding vendors who can get the job done for prices that allow maximum profit, just give us a call.

Finally, since this story was ultimately about real estate seasonality, I’ll close by referring back to the opening paragraph: 

“There is no question that the next 2 months are the absolute best time of the year for real estate investors to set yourselves up for your biggest profits of the year.”

With that, happy buying.  And, as always, we’d love to show you why nearly all of our business is with repeat customers.  Our customers keep coming back and borrowing from us because we do what we say we’ll do, we do it when we say we’ll do it and most importantly we’re helping our customers achieve the profitability deal-after-deal that allows them to keep coming back.

 

Best wishes for your success,
David Huey, CEO
Sound Equity Inc.

 


Photos & MLS data added to Sound Equity Website

June 5, 2013 14:55 by David Huey

Sound Equity today released a major upgrade to it's California real estate database, web site and email tools.  By adding full MLS data and photos, Sound Equity is dramatically increasing both the number of properties and the content available about each property to allow California real estate investors to find more opportunities and make better investment decisions. 

Available property photos will be displayed both on the web site and in property email notices allowing investors easy and fast access.  In the foreclosure auction world, the ability to make good investment decisions quickly is paramount. The screenshot below shows a sample foreclosure auction sale with photos.

 

In addition to photos, Sound Equity also adds modern map-based MLS property search capabilities designed to help our clients find "hidden gems" in the MLS.  Investment opportunities exist in the MLS, but are often hard to find.  By focusing on the specific needs of real estate investors, Sound Equity's new web site and other tools soon to be released will become the standard for professional real estate investors across the state. 

 

For more information about our services or even just to ask questions about how to be more successful at the auctions, speak with any of our field representatives at auction or call us at (888) 490-4450.

Investors:  For a free trial of Sound Equity's exclusive "Foreclosure Target Tracker" that will email you the properties that are actually going to auction every day, now including photos, click here

Real estate agents:  To start building the knowledge to have meaningful conversations with real estate investors and win their listings, register for the free AuctionSteps Foreclosure Activity Report where we'll email you a short report each day highlighting foreclosure auction activity in your area. 

 

David Huey, CEO
Sound Equity Inc.


Tough month at auction... unless you know what we do! January 2013 California Foreclosure Auction Report

February 13, 2013 17:30 by David Huey

Average margins at California trustee sale auctions evaporate in January.  But, the problem with "averages" is that they include everything from the best deals to the worst.  While just over half of sales at SoCal foreclosure auctions sold for more than 95% of estimated market value, $68.5M in real estate sold at auction in Southern California in January for 15% or more below market value!  By diligently following Sound Equity's auction program, our investors are still finding the best opportunities at auction and are being rewarded with solid margins. 

On to the data...

Continuing the trend from the past 18 months, the number of properties concluding each month continued to decline in January.  The chart below shows the number of SoCal trustee sale properties that got an opening bid (green) and actually sold (red) over the past 18 months. 

 

Auction sales prices rise in January

Estimated margins shrink in January to their lowest point since late summer, particularly in Southern California.  Northern California saw mixed market conditions in January with dramatic increases in auction sale prices in Contra Costa county and modest improvements in Alameda & Placer counties.

According to the latest Case-Schiller Home Price Indices report released January 29th, nationwide year-over-year prices through November increased 5.5% with California markets like San Francisco, Los Angeles and San Diego among the strongest markets in the country with year over year price increases of 12.7%, 7.7% and 8.0%, respectively. 

Additionally, Case-Schiller economists believe November's results indicate continued strength in the housing recovery.  “The November monthly figures were stronger than October, with 10 cities seeing rising prices versus seven the month before.” says David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices.

How to profit at California Foreclosure auctions

With over 50% of SoCal auction properties selling for more than 95% of estimated market value, the key to success is finding, researching and acting on the relatively few properties that have real opportunity.  But, don't despair.  Over 65 MILLION DOLLARS in properties were sold last month with at least 15% estimated equity. As shown in the chart below, 22% of sales still have at least 15% estimated equity potential and 14% are still sold at least 20% below estimated market value. There are deals out there, buy it's critical to follow a proven system to find them.

Sound Equity's proven system

Of the 728 properties in SoCal that we tracked which actually sold in January, Sound Equity's FTT/AuctionSteps technology notified our clients before the auction on 537 of them.  That's a 73.8% hit rate for the month.  With technology like our foreclosure target tracker and AuctionSteps, Sound Equity clients are able to focus their attention on the properties that will actually sell and have equity.  Not only are we helping our clients find the "needles in the haystack", but our proprietary technology is saving them countless hours per day that would otherwise be spent driving properties that postpone.

In summary, how to win at auction...

Hundreds of millions of dollars in property are selling at the auctions every month.  Just follow our 3 step system for success at auction and you'll join the few who have the inside secrets to success:

  1. Use our FTT/AuctionSteps technology to focus only on the properties with a 74% chance of selling;
  2. Stay in your market ready to drive by last minute opportunities the FTT sends you;
  3. Bid around 83% of estimated market value to consistently string together profitable deals.

Investors:  For a free trial of the Foreclosure Target tracker that will email you the properties that are actually going to auction every day, click here

Real estate agents:  To start building the knowledge to have meaningful conversations with real estate investors and win their listings, register for the free AuctionSteps Foreclosure Activity Report where we'll email you a short report each day highlighting foreclosure auction activity in your area. 

For more information about our services or even just to ask questions about how to be more successful at the auctions, speak with any of our field representatives at auction or call us at (888) 490-4450.

As a quick disclaimer, we do NOT track the entire state and put the majority of our attention in the counties where we do the most loans.

Best wishes for your success,
David Huey, CEO
Sound Equity Inc.


Tis the season... to buy investment property!

November 26, 2012 10:14 by David Huey

True, retail real estate slows over the holidays with fewer listings on the market as homeowners instead focus on family, but the holidays are without question the best time for investors to buy property.

Pricing:
There is no better time of year than the transition from the holidays to the spring market for investments to act upon the ageless wisdom "buy low, sell high."  Average prices across the U.S. peak in May and bottom out in December with average prices in December 4-5% lower than in May. 

Inventory:
Sellers who keep their homes on the market this time of year are very motivated.  And, you have less competition from other buyers than you will in the Spring.  According to Trulia Chief Economist Jed Kolko, buyer search activity in January increases 30% over December and peaks in March.

Rehab Time:
Finally, unlike the busy summer months, larger rehab projects can provide extraordinary profits.  Summer projects tend to require quick rehab to return the property to marketable condition as fast as possible.  But, the opposite is true over the holidays.  Larger rehab projects that could yield higher profits make sense to allow you to time completion to take advantage of the Spring market.  Plus, contractors are typically less busy and often more aggressive on pricing over the holidays.  

In Closing:
While thousands of other investors take the holidays off, start your 2013 with huge profits through great December purchases. It truly "Tis the season" for real estate investors. 

For more information about our services or even just to ask questions about how to be more successful at the auctions, speak with any of our field representatives at auction or call us at (888) 490-4450.

Best wishes for your success,
David Huey, CEO
Sound Equity Inc.

Investors:  For a free trial of the Foreclosure Target tracker that will email you the properties that are actually going to auction every day, click here.

Real estate agents:  To start building the knowledge to have meaningful conversations with real estate investors and win their listings, register for the free AuctionSteps Foreclosure Activity Report where we'll email you a short report each day highlighting foreclosure auction activity in your area as well as notify you of upcoming training seminars on how to win investor right-priced listings.


Auction margins improving-August 2012 California Foreclosure Auction Report

August 8, 2012 14:50 by David Huey

Margins at California foreclosure auctions have improved since peaking in May. 

The number of properties being acquired and the number actually going to auction have been relatively stable since April. And, with retail market values continuing to climb, actual margins will likely be even better 2-4 months from now when properties acquired last month enter the retail market. 

On to the data...

The chart below shows the number of SoCal trustee sale properties that got an opening bid (green) and actually sold (red) over the previous year.

 

Auction sales prices down while retail market values rising

The average sale price at auctions in July is down 5.0% from the May peak.  The most recent Case-Shiller Home Price Index report, published July 31st, reports that prices in Los Angeles rose 2.2% from April to May and 0.9% in San Diego.  While conditions remain tough for fix & flip investors, the large buy & hold players are showing slightly more conservative buying habits.  And, while the chart below suggests that margins are only slightly better than May, the computer generated pricing models used to generate this chart are lagging actual retail market conditions so margins are better than the chart suggests. 

 

Sound Equity's property tracking technology still predicts 7 in 10 that sell

Of the 1135 properties in SoCal that we tracked which actually sold in July, the FTT successfully identified 813 of them.  That's a 71.6% hit rate for the month.  Additionally, the large majority of the 28% that sold that were not on our "hot list" reports were purposefully ignored because there wasn't enough equity for our clients.  Bidding on a property that sells is emotionally better than not bidding at all, but investors don't make money unless you buy houses.  By focusing our attention on the properties that will actually sell and have equity, we're helping our clients find the "needles in the haystack" and saving them countless hours per day that would otherwise be spent driving properties that postpone.

In summary, how to win at auction...

Hundreds of millions of dollars in property are still selling at the auctions every month.  Just follow our 3 step system for success at auction and you'll join the few who have the inside secrets to success:

  1. Use our FTT technology to focus only on the properties with an 8 in 10 chance of selling;
  2. Stay in your market ready to drive by last minute opportunities the FTT sends you;
  3. Bid around 83% of market value to consistently string together profitable deals.

Investors:  For a free trial of the Foreclosure Target tracker that will email you the properties that are actually going to auction every day, click here

Real estate agents:  To start building the knowledge to have meaningful conversations with real estate investors and win their listings, register for the free AuctionSteps Foreclosure Activity Report where we'll email you a short report each day highlighting foreclosure auction activity in your area. 

For more information about our services or even just to ask questions about how to be more successful at the auctions, speak with any of our field representatives at auction or call us at (888) 490-4450.

As a quick disclaimer, we do NOT track the entire state and put the majority of our attention in the counties where we do the most loans.

Best wishes for your success,
David Huey, CEO
Sound Equity Inc.


Housing Bottom 'May Be a Ways Off Yet'

June 28, 2012 09:00 by David Huey

Despite many economists predicting that home prices have bottomed out and the recovery process is underway for the housing industry, Michael Feder, President/CEO of RadarLogic, has a different opinion.

“Shadow inventory is overwhelming and will continue to be a weight on the market,” Feder said. “Looking at the market going forward, supply will overcome demand for years to come. The activity we continue to see is coming more and more from distressed properties which will lead the industry until the inventory situation is addressed.”  The key drivers that lead the housing industry are supply and demand. In May, the supply of inventory for existing home sales (2.54 million) and new home construction (146,000 units) was six months, Feder said. However, he added that if seriously delinquent homes, which was 3.7 million through May and the shadow inventory of about 4 million properties, were accounted into this total, there would be 27 months of inventory.

Read the full story here.


It's now easier than ever to know what's actually selling at auction

May 17, 2012 12:54 by David Huey

Simplicity, ease of use and confidence in the data are key components of success in the highly competitive, fast-paced foreclosure auction world.  To help our clients get to the most relevant, useful data as fast and easy as possible, Sound Equity released a major enhancement to our web site yesterday making it easier than ever before for investors to find and jump on the best properties actually going to auction each day. 

The screen shot below shows the new Foreclosure Target Tracker (FTT) property search results page.  The new tabbed interface on the property results page breaks the data into 4 tabs displaying the most relevant data to each user with a single click: 

  1. My Hot List - With a single click, users can see today's Hot List properties ***in their zip codes*** and another click shows them the ones scheduled for tomorrow. 
  2. Opening Bids - The Opening Bids tab shows every property in the user's zip codes scheduled for the current day with an opening bid. 
  3. My Bids (or 'Client Bids' if logged in as an agent or staff) - Shows properties that users have expressed an interest in bidding on. 
  4. All Properties/Search - Although most users only need to focus on the "My Hot List" tab since it shows users 86% of the properties that actually sell at auction each day, the All Properties/Search tab provides a full search capability that advanced users will appreciate.

Note: the properties below were actual FTT hot list properties that were automatically emailed to our clients before the auction.  Other than the single last minute cancellation, every one of them sold.  If you want to win at auction, you have to instantly filter out the thousands of postponements and focus your valuable time on the properties worth buying!  The FTT has an 86.1% accuracy rate of doing just that. 

For more information about how Sound Equity can help you find and win great investment properties at California foreclosure auctions, and finance 75% of the purchase, talk to any of our field reps at auction or Contact Us Online.  Or click Free Trial for a no obligation, completely free 30 day trial of the FTT. 

Best wishes for your investing success,
David Huey, CEO
Sound Equity Inc
(888) 490-4450


Sound Equity adds online trustee sale bidding through any computer, tablet or SmartPhone

April 4, 2012 21:23 by David Huey

Overview

With 4000-6000 properties scheduled per day in California and only 50-150 actually selling (1-3%), getting a shot at a California foreclosure is truly like finding a needle in a haystack.  Fortunately, the FTT solves this enormous challenge by predicting with 86.1% accuracy which properties will actually sell at auction each day.  Combine this groundbreaking technology with our on-site, at-auction bidders and capital, and Sound Equity is making it easier than ever to compete and win in this tough environment.

Plus, with our new mobile and online bid management system, investors can bid on auction properties right from their computers, smart phones or tablets and our underwriters and on-site bidders can instantly go to work helping our clients win the best auction properties in California!

 

Bidding Components

 

  • New “Bid” link in FTT emails make it easy to bid from anywhere
  • Full, unlimited access from computers, tablets and Smartphones
  • Online, easy to use Bid Management for Sound Equity clients and our underwriters, bidders, sales staff and brokers.

 

FTT Emails

With only 1-3% of scheduled properties going to auction, the best way to win is to jump on FTT “Hot Property” emails.  The FTT scours every trustee sale every 5 minutes looking for clues suggesting which properties will actually go to auction and be worth buying.  Properties it picks are instantly emailed to our clients and the thousands of properties that cancel, postpone or aren’t worth pursuing are automatically filtered out.  No most wasting time on the 97% that don’t go to sale.  Instead, FTT users can focus on the 86.1% of daily sales that the FTT identifies.   There is truly no faster or more convenient way to find out why properties are worth jumping on. 

Last Minute Opening Bids

For every hour of notice the bank gives when they set the opening bid, properties are bid up 1% higher.  For example, properties with an opening bid set 3 hours before auction time sell for an average of 3% higher.  On a $300k property, that’s $9000 in lost profit potential. 

Why?  Simply, the earlier the opening bid is set, the more people know about it.  Last minute opening bid drops present quite possibly the ONLY properties worth buying at auction today and there is absolutely no better way to jump on last minute opening bids that with Sound Equity’s FTT system and on-site bidders. 

To make it even easier for our clients to jump on last minute opening bid drops, FTT Emails now include a “Bid” link in the left column for each property (see screen shots below).  Clicking this link takes the user to the property details page on the FTT web site where the user can submit a bid, request a loan, save their diligence or just express preliminary interest in a property… all from any computer, tablet or Smartphone.  Our underwriters and bidders are instantly notified and will be ready come auction time!


 

FTT Website—Property Diligence

Sound Equity Due Diligence

Each property on the FTT website includes the option for Sound Equity underwriters to save information from our diligence on each property.  As part of SEI’s diligence, we’ll specify a Suggested Bid (based on our experience on what properties are selling for) and a Max Loan Amount. 

Client Diligence, Placing a Bid and Requesting a Loan

We also enable clients to save their diligence, submit their preferred and max bids and requested loan amounts.  Our underwriters will thoroughly review every property bid on that we think is going to auction.  And when you place a bid, we’ll not only do the bidding and buy the property for the lower possible price, but you’ll know that we’ve done our homework.  After all, we don’t up on 75% of the capital on a property unless we know it’s a great investment!

  • Preferred Bid:  How much you hope to get the property for.  Our bidders will always bid in small increments to win properties at the lowest possible price.
  • Max Bid:  This is the absolute highest possible price you would be willing to pay.  Again, we hope to win for a lower price, but this is the highest amount you could pay to beat out other bidders.
  • Requested Loan Amount:  This is how much you’d like to borrow from Sound Equity. 


FTT Website—Bid Management

Sound Equity clients, staff & brokers now have a new menu item on the FTT Website… labeled “My Bids” for clients and simply “Bids” for our bidders, underwriters, etc.

Clicking “My Bids” provides access to all pertinent information for bids placed on properties.  There’s also a “Bid Search” window that allows advanced users to search by over a dozen fields to view & manage bids they’ve placed on properties. 

Users can then bid on additional properties or view detailed information on each property or update their diligence or bid information.


 

Summary

With thousands of “junk” that isn’t going to auction to weed through, tough competition and limited professional services, Winning at trustee sale auctions has never been tougher.  With the help of Sound Equity’s FTT technology, our on-site bidders, millions of dollars of capital available for lending at auction and insanely experienced underwriters, Sound Equity provides the key ingredients to successfully investing at the auctions.

For more information, visit us at www.SoundEquity.com, call our main line at (888) 490-4450 or call your Sound Equity sales rep.

 


2012 Foreclosure Market Outlook: What happens to a default defferred?

February 24, 2012 08:02 by David Huey

There was an abundance of good news on the foreclosure front in 2011 that might portend a rosy outlook for 2012 — at least at first blush.  According to RealtyTrac, a new wave of foreclosures could be coming in 2012, if the recent spike in "default filings" is any indication.

Continued at... http://www.realtytrac.com/content/news-and-opinion/exclusive-report-emerging-foreclosure-trends-for-2012-6963

 

Sincerely,

David Huey
Sound Equity