A foreclosure property is a home in foreclosure -- when a notice of default has been filed in the public records. It means the owner has stopped making mortgage payments and the lender has given notice that unless the payments are brought up to date, it will sell the property to the highest bidder.

Lenders can foreclose for other reasons, but the most common reason lenders file a notice of default is when a borrower is at least two payments in arrears.

If the home owner does not bring the loan current, the lender will take the property away from the owner. The final step the lender takes after a certain period has passed is to try to auction the property at a public sale.

Not all homes that fall into foreclosure go to public sale because owners have the right to make up back payments up to a point, the time which varies from state to state.

Real estate investors and home buyers see profit in buying foreclosures because they can often buy the property for the amount owed, picking up the home owner's equity for free.

As an investor, before you decide to buy a home in foreclosure by making up the back payments to the lender, giving the seller a few dollars and recording a deed, call a real estate lawyer.

A short sale occurs when a home owner is in foreclosure but before the property goes to public auction. Under a short sale, a lender must agree to accept less than the amount that is owed on the property.

Unlike a foreclosure, investors typically buy the home for even less because investors are not paying off the existing loan nor making up the back payments. Investors are striking a deal with the existing lender to take less than what the lender has coming to avoid dealing with a foreclosure.

It's a myth that lenders are not going to make a deal with an investor unless the seller has fallen behind on the seller's
obligation to make timely mortgage payments. Sellers don't need to be in default for a short sale to occur. For a buyer who wants to occupy the home, buying a short sale makes financial sense.

• Buying an REO is similar to buying a short sale except the property is already owned by the lender.
  
• The property was acquired by the lender through a foreclosure action.
• Often lenders will sell repossessed homes for less than the past loan balance.
• Bank-owned properties are called REOs, meaning real estate owned by the lender.
  

Bank-owned properties are called REOs, meaning real estate owned by the lender. Banks end up owning the property when nobody at the public auction bid enough to cover the amount owed against the property. REO homes are often considered the best way to buy a distressed property because the seller is already out of the picture. It's just the investor, the investor's agent, the bank and the bank's agent who are negotiating the transaction. Some REOs can be purchased directly from the lender.

Right now South East Michigan is very abundant with great investment opportunities.  Many of the homes in this area are perfect for investors from all over the world.  You need an agent that understands today's Michigan investment market.  We have access to the right properties and the experience required to get them to the closing table.  With so many homes going through the foreclosure process, the knowledge of how to get a short sale approved and sold is key.

Already have homes that aren't performing?  Call me, let me show you how we can get those non-performers off your books and replaced with investment properties that deliver.

You have decided to buy a home and there is a few things your going to need to take into consideration if your going to make this a smooth transaction.  It is my job to be there for you every step of the way.  I am going to represent you to sellers, and advise you during the entire process.  You need an agent that is going to work hard to get what you need.  

Did you know if you call one of those numbers on a sign in someone’s lawn or from a house book in the restaurant you are actually calling the office of the person that is trying to sell the home.  It's not much different than calling the attorney that suing you for advice on how to defend yourself. You need to ensure you have your own representation before you speak to any agent or see any property.

When you have decided to buy a home you need to contract with an experienced team that understands today’s Real Estate Market in Michigan.  Many agents today are new to the industry or work at the job part time for a little extra money and have very little knowledge of how to even find many of the properties that are available. We have all of today’s modern resources available to us.  We are current with every available search database and the experience needed to get the home you want when it comes time to submit an offer.  Many home buyers find that they have wasted a lot of time or money searching for homes with inexperienced agents that do not know how to represent them fairly and efficiently.

When working with our team you get unique professional representation

• Listen to your wants and needs
  
• Present you with homes that are close to your specifications
  
• Negotiate on your behalf with the selling agent
  
• Prepare fair aggressive offers on a home you want
  
• Meet you at as many properties as it takes to find that dream home
  
• Assist you financing
  
• Answer your questions and concerns
  
• Call you back and return your email's
  

Did you know that most agents working at a real estate office have very little experience in the Real Estate market?  
Many agents take on real estate as a part time job with the anticipation of making a little side money while they learn
how to sell homes.  That learning process can be very costly for the homeowner trying to sell their property.

A good real estate agent can make or break your deal. You want to hire the best real estate agent you can find, which means hiring an agent who will put your interests first, above his or her own.

Selecting the right agent to represent your property is the first and most important move you make when you decide to sell your home.  Many homeowners make the mistake of choosing the wrong agent, and that can cost you thousands of dollars as well as  months of time agonizing over the sale.  With foreclosure rates climbing and more homes being made available on the market, you need a salesperson that has the experience to anticipate challenges before they arise.  Don’t make the mistake of just settling for any agent that’s willing to come out to your house and accept the job.

My marketing team uses today’s technology coupled with years of experience to bring you a selling program that will deliver results.  We ensure your property is presented professionally to dozens of the hottest Realtor search sites in the world.  

Some of our services include

• We conduct and construct the CMA to determine the properties true value
  
• My team goes through the property shooting dozens of high-def photos for the presentation
  
• We develop high impact marketing brochures and WebPages
  
• Submission to sites like Trulia, Realtor, Point2Agent, and dozens more
  
• Our homes are compiled into investor newsletters and distributed to interested buyers
  
• Professionally present the property to our vast buyer database
  

Over the years sellers have come to us after being on the market with an inexperienced agent and wished they had taken the time to contact us first.  Your home is one of the most valuable assets you will ever own.  Don’t trust your life’s investment to just anyone. Allow my team at JessAnthony.com to market your home and get the most for what you have worked so hard for.

When you call

• We will go over a few facts about how much you owe and what the home is worth
  
• We will coordinate a time with you to meet you at the property for photos and measurements
  
• We develop an expectation of how long it will take to sell
  
• Where we will market your home
  
• What buyers will I present your property to
  
• And more...
  

Every home and situation is unique however we will utilize my experience and resources to get the most for the property.