Bulk Purchasing As Investment Option

Bulk Purchasing As Investment Option

For $4.8 million, a former yacht dealer snagged each and every foreclosed property available for sale at a Michigan county auction. To the dismay of eager investors, Bill McMachen bought all 645 foreclosed properties at a tax foreclosure auction in Macomb County, the Detroit News reported Friday. Among the properties bought, 403 were residential, 235 vacant land, […]

CitiMortgage Enters The Rental Arena

CitiMortgage Enters The Rental Arena

CitiMortgage announced the launch of the Home Rental Program, a program designed to provide an alternative to foreclosure and allow eligible borrowers to stay in their homes.   The Home Rental Program will be managed by Carrington Capital Management, LLC and Carrington Mortgage Services, LLC. CitiMortgage and Carrington developed the program as a pilot. Under the program, the eligible borrower […]

Home Inspector Guidelines

Home Inspector Guidelines

1. Definitions and Scope 1.1.  A general home inspection is a non-invasive, visual examination of the accessible areas of a residential property (as delineated below), performed for a fee, which is designed to identify defects within specific systems and components defined by these Standards that are both observed and deemed material by the inspector.  The scope of work […]

Safeguard Acquires BofA REO Operations

Safeguard Acquires BofA REO Operations

Safeguard Properties announced in a statement Thursday that it has reached an agreement to acquire the entire field service operations of  Bank of America. Through the agreement, Safeguard will take on the employees and vendor network of the field service operations out of three facilities – two in California and one in Texas. The transaction is […]