Foreclosures | Paces Funding

27 01, 2018

How A Can Of Paint For The Front Door Can Increase Sale Price By $1,500

Margret Ekers2018-01-27T15:26:39-05:00January 27th, 2018|Categories: Construction Loans, Flipping, Foreclosures, Hard Money, Home Improvements, Home Upgrades, New Construction|Tags: exterior door paint, House Painting, paint for front doors|

If you earn money flipping houses, every upgrade needs to increase the sale value of your investment. You know you need to paint the front door, because it's weathered looking. But do you know what color to paint it to get the most money from the sale of the house? We do. Zillow analyzed thousands of photos from residential property sales. It looked at specific colors and specific locations on the houses that increased or decreased the average sale price, and by how much. Color makes a huge impact on buyers. Even though it would be easy for the buyer

23 01, 2018

What You Need To Know About Note Purchases

Margret Ekers2018-01-23T03:12:53-05:00January 23rd, 2018|Categories: Foreclosures, Hard Money, Hard Money Loans, Investing, Investment, Investment Properties, Short Sales|

Smart investors often make an extreme profit by investing in promissory notes. See, a note purchase means the purchaser is buying a lender's promissory note instead of the actual property. The foreclosure process can be expensive in time and money for financial institutions. When a loan under-performs, these institutions are often willing to sell them at a discount. Note purchases are a risky business though. Legal counsel is strongly advised for all note purchases. Again, when an investor purchases a promissory note, the buyer buys a lien right from a lender. This means, the buyer can't actually possess the property.

19 09, 2017

Buying a Foreclosure With Tenants

YSNM Support2017-09-19T13:00:21-04:00September 19th, 2017|Categories: Foreclosures|Tags: Foreclosures, Tenants|

Purchasing a foreclosed home can be a great investment opportunity. Whether you’re taking occupancy yourself, or leasing the home to tenants, you’ll most likely see some gains from your purchase. But, what if the foreclosure already has renters taking up residence? If you’re considering purchasing a foreclosure with tenants, you’ll first need to decide whether you’re going to live there, or continue renting it. Depending on the location of the home, there may be some state and local laws in place that will determine how you proceed. If there is a lease, tenants may be protected in a foreclosure situation.

3 11, 2016

Fulton County Tax Foreclosure Sales (and How to Find Them)

YSNM Support2016-11-03T10:00:04-04:00November 3rd, 2016|Categories: Business, Foreclosures, Hard Money, Investing, Investment, Investment Properties, Investments, Private Lending, Tax Foreclosures, Taxes|Tags: Atlanta, atlanta hard money lender, Auction, Buy Cheap Properties, Buying a Tax Foreclosure, Fulton County, Hard Money, Hard Money Loans, Real Estate Investing, Tax Foreclosure Sales, Tax Foreclosures|

In the state of Georgia, it’s legal for the government to seize property, such as homes and land, for the nonpayment of taxes. According to the Georgia Department of Law, a homeowner’s obligation to pay property taxes is backed by the property itself. If a homeowner fails to pay, the county tax commissioner can sell the home to raise the amount due back in taxes. Often these homes sell for exceptionally low prices—but how does the whole process work? How Does a Property Get Seized? When a homeowner’s property taxes are past due, the tax collector can proceed through a

16 09, 2016

Cashing in on Short Sales and Foreclosures

YSNM Support2016-09-16T10:00:01-04:00September 16th, 2016|Categories: Foreclosures, Short Sales|

When you find a “diamond in the rough” house or commercial property, you must act quickly! Day after day, investors are hunting for houses and commercial properties—and they probably have their eyes focused on the same prize. Discovering a spectacular property at the right price is the name of the game. If it is a short sale or foreclosure—you need to act right away. Banks are around to lend money and make money. They are not in the business of property management and most certainly want to dispose of the property as soon as possible. When a building or house

3 02, 2016

HUD Auctions Explained

YSNM Support2016-02-03T10:00:19-05:00February 3rd, 2016|Categories: Foreclosures, Hard Money, HUD|

Housing and Urban Development (HUD) homes are residential properties that have defaulted on a Federal Housing Administration (FHA) loan. It is a special type of foreclosure where the property becomes owned by government by extension of the HUD division. These properties can go for cheap, but are they worth it? Generally, yes. However, HUD homes require a little more patience because these types of auctions deviate from the norm. There are two periods of a HUD auction – a time period where only owner-occupiers may buy, and then a time period where real estate investors may buy. If you submit

8 10, 2015

Could Hard Money Help You With Foreclosure?

YSNM Support2015-10-08T14:51:43-04:00October 8th, 2015|Categories: Foreclosures, Hard Money, Loan|

If you have a foreclosure in your credit history, a hard money loan may be the best way to begin bouncing back. While your credit scores are important with this type of loan, they aren’t the only factor hard money lenders look at when choosing whether to extend you credit. Hard money lenders typically lean on the fact that the house will be used as collateral, which means we’re often more likely than a conventional lender to understand that a foreclosure doesn’t necessarily mean you can’t handle credit. Bank lending is generally very inflexible, and it doesn’t appear that that

3 10, 2015

How to Get the Best Deals on Foreclosures

YSNM Support2015-10-03T19:31:36-04:00October 3rd, 2015|Categories: Foreclosures, Hard Money|

As a real estate investor, you know that you’ll make more money on a flip when you can buy as low as possible. In many cases, that means shopping the foreclosures. But how can you be sure you’re getting the best deal possible without wasting time throwing low-ball offers that no bank will accept? Choose the Right Day Making an offer on a foreclosure that just hit the market is no way to score a bargain. Every bank has its own guidelines on when they’ll make a price drop—or accept a lower offer than list—but there are certainly some good windows

3 08, 2015

Best Places to Find Real Estate Investments in Atlanta

YSNM Support2015-08-03T00:07:37-04:00August 3rd, 2015|Categories: Foreclosures, Investment, Loan|

If you’re an investor, how do you find the best deals? Chances are that you’re always on the lookout for new sources. If you’re just starting out in real estate investing, you could probably use a nudge in the right direction – so here’s a comprehensive list of where you can find the best real estate deals. Search the HUD Website for REI Opportunities The U.S. Department of Housing and Urban Development maintains an extensive list of HUD homes for sale in Georgia. Using their website, you can access foreclosure listings from HUD, the Department of Veterans Affairs, and several

13 07, 2015

Hard Money Loans for Atlanta Foreclosures

YSNM Support2015-07-13T18:58:48-04:00July 13th, 2015|Categories: Foreclosures, Hard Money, Investment, Real Estate|

Foreclosures in Atlanta and the rest of Georgia are higher than they are in the rest of the country, on average, and they have been for several months. So what does that mean for you? Atlanta Foreclosures: Good for Investors Because Atlanta foreclosures are higher than usual – they’ve been on an upswing since January – that means there’s more opportunity for you, as an investor, to take out a hard money loan and pick up a property that you can flip. The selection is better, and you’ll likely spend less money than you would when properties are few and

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