Real Estate Investing in South Florida.
Let our Investment experts maximize your net profits.
One of our guiding principles is the relentless drive to position ourselves ahead of the market needs, anticipate change and be ready when it comes. Our team has gone from short sales to foreclosures to investment, portfolio and community management, equipping ourselves with the knowledge and tools to get the job done right.
Our account executives foster exclusive relationships with private investment sources, as well as maintain traditional sources under review. In all cases our entire team understands that the key to winning bids for our investors is accurate responsiveness. Our valuation systems, as well as individual work ethics allow us to deliver both.
Real estate owned or REO is a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. A foreclosing beneficiary will typically set the opening bid at a foreclosure auction for at least the outstanding loan amount. If there are no bidders that are interested, then the beneficiary will legally repossess the property. This is commonly the case when the amount owed on the home is higher than the current market value of this foreclosure property, such as with a high loan-to-value mortgage following a real estate bubble. As soon as the beneficiary repossesses the property it is listed on their books as REO and categorized as an asset (non-performing asset).
REO transactions are a layer or two more complex than traditional sales. Some institutions will ban investor offers during the first days or weeks the property is being offered for sale, in order to fulfill NSP (Neighborhood Stabilization Program) requirements. Each institution has drafted their own purchase addenda to enforce their own guidelines. Some REO sales include deed restrictions regarding the resale of the asset. Each REO transactions must be handled carefully.
A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property, and the property owner cannot afford to repay the liens’ full amounts, and whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt. Any unpaid balance owed to the creditors is known as a deficiency. Short sale agreements do not necessarily release borrowers from their obligations to repay any deficiencies of the loans, unless specifically agreed to between the parties.
Senior lien holders will typically approve a short sale within 80% of its market value, established by BPO (Broker Price Opinion), especially if a cash buyer is on contract, thereby making it a desirable investment.
The downside of a short sale is the length of time between offer and bank approval, with no guarantee. Negotiations can be complicated and lengthy, with buyers at times faced with revising their offer to make the deal happen. Our team includes attorneys and short sale processors on staff that ensure a short sale negotiation will be ultimately successful.
County Court Foreclosure Auction.
The public auction is an excellent source of investment, and one little explored by the consumer in general, especially investors. There is perceived uncertainty around the sale of real estate in this manner, due to factors such as: 1) Lack of access to the asset prior to ownership, 2) Lack of ways to accurately identify repair costs, 3) Potential liens that may remain after the sale, 4) Potential city/county code violations, 5) Potential litigation required to evict residents, 6) Lack of title insurability.
The truth is, a foreclosure public auction actually has a curative effect on title, thereby eliminating most junior lien holders to such asset. For the above reasons, most bidders lack the ability to accurately predict/ project the net profits of an investment acquired through this source. Our team of analyst have been fascinated for years and effectively cracked it. Our pre-acquisition analysis on auction assets includes the best timed most accurate and detailed report-ability available on the subject, including market value, rental value, drive by inspections, CAP, Equity, ROI predictions, and more. Our bidders are fully licensed by the state to hold escrows and enter proxies on behalf of the investor.
Detailed Pre-Acquisition Analysis.
Our Pre-Acquisition team has developed proprietary platforms and formulas to single out the best investments on the market from hundreds of others, in minutes, and generate full, proven reporting by the same day as it goes on the market. When our counterparts are still wondering about the details, we have secured, presented and had approved by our investors a complete assessment; and our brokerage team has the tools and actionable data to secure the most desirable assets on their behalf.
Our proven success has led us to a growing portfolio, and an obligation to minimize expenses and maximize profits. Our Management team has everything needed, from accounting and logistics to maintenance vendors on staff. Our responsiveness and organized structure gives us the confidence and ability to fulfill the needs of the most discriminating investor. Review our Property Management Services for more information.