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Portals to Personal Power

Welcome back! Are you getting the deals yet? If not, Basic Membership is only $2.99 per month, Silver ($25 pm), Gold ($100 pm) or Diamond ($1,000 pm). The realestate deal alerts and luxury goods deals go straight into YOUR mailbox before anywhere else! Want to be notified the next time we post something? Get the O-GRADY.com RSS feed.

Many have been burnt by the decline of their real estate assets. Many more have lost their livelihood through foreclosure. Others have left the real estate business entirely. Meantime, thousands have capitalized on the opportunites never before seen in this industry or in this country. Our new range of services Continue reading Portals to Personal Power

Govt - HAMP is Not Working

Government Official Says HAMP is Not Working Neil Barofsky, special inspector general for the Troubled Assets Relief Program (TARP), admitted that far fewer homeowners will receive assistance under the HAMP program and other government efforts to ease foreclosure than originally estimated.  Barofsky estimates that only 1.5 million to 2 million homeowners will be helped as opposed to the 4 million originally expected to receive foreclosure help from the government. Barofsky does not believe offering modifications is a meaningful goal of the foreclosure program, since so few have actually been helped and many who have received modifications are redefaulting. Herbert M. Allison, assistant Treasury secretary for financial stability said the program should be measured not just by the number of permanent modifications made, but also by the assistance given to provide Deed in Lieu of Foreclosure and Short Sale assistance. Obviously, the enhancements to the HAMP program announced on March 26 are an indication that new strategies and incentives are needed if millions of people are going to be helped to avoid foreclosure. Pets Suffer in Foreclosures Too It’s not just two-legged homeowners who are suffering when a home is foreclosed upon.  Foreclosure is leading to a surge of abandoned pets in many communities. In many cases, homeowners forced out of Continue reading Govt – HAMP is Not Working

HAMP Credit Scores down

HAMP Participants Find Credit Scores are Dropping Many homeowners who tried to do the right thing by saving their home through a loan modification under the Home Affordable Modification Program are being startled by the news that their credit score has fallen by 100 points or so as a result. Continue reading HAMP Credit Scores down

Trends in house-flipping

The stories keep coming in and time after time flipping property is being legitimized.  I guess after a rash of blaming flipping for everything, including causing the foreclosure crisis, people are realizing that their convenient scapegoat is actually a valuable good that needs to be done to alleviate the housing market Continue reading Trends in House-Flipping

Understanding How To Stop Mortgage Foreclosure

When it comes to wanting to learn how to stop mortgage foreclosure, there are a lot of things that have to be taken into consideration. With today’s market, it is important to avoid even entering the long process because you will find that by not doing everything you can to Continue reading How To Stop Foreclosure

.53c LTV in Florida

We have 13 homes in Lee and Collier counties, Florida. (Number 2 and no. 4 have Chinese Drywall and we have a repair quotation for $35,000 each). All of these homes are top of the line, some are gated and two are pool homes. They are all bank Continue reading Florida REOs at .53c

How To Stop Foreclosure - 3 Legitimate Solutions

To Stop Foreclosure in nearly any city in the United States of America, there are basically only a few legitimate options. Some of these you’ll know, and some will be brand new to you. Here are a few directions you can take:

  • Sell your house prior to the foreclosure auction. The value of this idea will vary heavily depending on the nature and quality of your local real estate market. If you’re in a market that still has very slow resale rates, selling your home could be a challenge. Ask a local real estate agent to determine the average number of days on the market for properties in your area.
  • Continue reading 3 Foreclosure Solutions

How to Do a Loan Modification

Here’s a good program we found …. Loan Modifications

16-unit Apt Bldg, Pta Gorda, FL

Apartment building in Punta Gorda, FL.
ZIP is 33950.

The apartment complex has 16 apartments.  The owner has split some of the apartments into separate room rentals but said they would convert all to full apartments should the new owner desire. They have provided us with the following information: more [...]

Distressed Shopping Centre

PRE-FORECLOSURE DISTRESSED SHOPPING CENTER IN HOLLYWOOD FL

$2,800,000 +3% Fees

45,000 SQ FT building
5.5 acres of land
2 outparcels
$62 per sq ft
Huge upside potential
Perfect for owner-user
Used to be anchored by a grocery store
20,000-30,000 available for [...]

273 NWide $10/door

273 Nationwide REOs at $10k per door, or $8,500 for 10 or more. Members download the tape here – select [...]

Naples shortsale 54%

Naples luxury home just in, exclusive.

Price was $999,999

Estimate retail value $1.2M (neighbours are $1.5M-$6M)

YOURS for $650k
Members contact us for [...]

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