Sheesh, it’s been over two and a half months since I wrote my last blog entry! A lot of water has gone under the bridge since last I wrote. I’ve had a lot of stuff I should have blogged about, but didn’t – maybe I’ll blog about it in the coming weeks, while it’s still somewhat fresh in my noggin.
The big reason for my silence these past 10+ weeks is … drumroll please… I bought my very own REO property! And not as an investment/income property, either: I bought one to live in. I closed escrow back on January 20 or so, and since then it’s been a blizzard of activity: repairing the property, moving, buying new furniture and all the other stuff which is typical anyone anyone buys and moves into a new home.
It almost goes without saying – yup, we got a good deal. A great deal, actually. In my professional opinion, we got one of the best deals on real estate I’ve seen around these parts in quite some time. That’s one of the joys of buying a REO property, of course: they are generally priced to sell and represent excellent value. Some more than others, of course, and the home I bought is definitely in the “more than others” category.
Of course, when a good property hits the market, there’s no time to waste. We put in an offer the day the property was listed, and got our offer accepted hours before two other offers made their noisome appearance. Fortunately for me my reputation as an upstanding and stalwart REO agent precedes me, and my beautifully-crafted offer was accepted without counter, except for the seller’s standard addendum.
So am I worried that there’s going to be some defect in the foreclosure, some robo-signing scandal that’s going to bite me in the rear years down the road? Nope. Lots of things keep me awake at night (like making my new mortgage payment!), but fear of improper foreclosure or title defect isn’t one of them. So let it be known: I put my money where my mouth is and stand behind the product I peddle: there’s nothing like getting a sweet deal on home sweet home. I know from first hand experience!
Alright, time to put the kid to bed and get ready for what will surely be another exciting day in the REO business. Stay tuned for more blog entries, I’m back on the blogging bandwagon!
