US REO REPORT
Property Manager
Ivan Mariduena
Sales Executive
Jennings Realty Inc.
820 Church Suite 200
Evanston, IL. 60201
Ph: 847-440-8433
Fax: 847-328-5432
Email Ivan

Welcome to US REO REPORT

Your source for foreclosure real estate information and REO property listings

The opportunity to purchase real estate below market has never been greater. The increase of real assets held by financial institutions has created one of the best opportunities for savvy investors. Many investors made millions during the real estate slump of 1980's and 1990's. Millions will be made as a result of the sub-prime crisis in today's market.

 

REO: Real Estate Owned. Properties which are in the possession of a lender as result of a foreclosure or forfeiture

Search Foreclosure: Properties that have been acquired by a lender or in some stage of the foreclosure process. You can make an offer now, and receive clear title

Search Short Sale: Title is still vested in the name of the mortgagor. Lenders are willing to negotiate an amount that is less than loan outstanding.

Search HUD: Federally Insured Loans that have defaulted. Title is vested with the Housing and Urban Development.

Estate Sales: Title is vested in the name of the heirs of a deceased individual. These properties are not in foreclosure but present an opportunity for investors to purchase real estate below market.

Sam Zell, one of Chicago's greatest investors perfected the art of buying discounted real estate during 1990's. As the decade of 1990's rolled in, lenders were foreclosing on properties at a rate similar to today. Vast amounts of nonperforming real assets were acquired by Zell at bargain prices. Zell developed the nickname the "grave dancer" for his affinity for buying distressed  assets.

South Florida's Jorge Perez of the Related Group has assembled a one billion dollar vulture fund. His group will buy troubled mortgages and distressed property that range from raw land to finished condominiums. He was quoted in the Miami Herald "I strongly believe that Miami real estate is undervalued," Three years from now, people will look back and be amazed, Nevertheless, right now there are some people stuck in the middle of a loan who do not have any cash and need to get rid of some inventory" - We are going to take advantage of this situation" TRANSLATION: We are going to buy dirt cheap maybe 50%-60% below market. Trust, me this is not a dumb guy; He will not be paying anywhere close to market.

The speculators and amateurs have been virtually cleared out, your competition has decreased. The smart money is buying real estate at bargain prices. Successful investors never follow the herd; They are often considered contrarians. Novice investors are often buyers when they should be sellers and sellers when they should be buyers

Depressed asset prices coupled with low interest rates make this a perfect storm. I have identified the assets that provide an investor with the best opportunity. These assets are held by motivated sellers, you can buy them right now. This list is free, call me if you want to put a deal together.