October 14th, 2011

Hello and Welcome to the ReiFax.com Webinar Training Archive for October 14th, 2011. Here are some of the questions our subscribers asked in today’s training. Please watch the video to see the answer to all these questions and more:

• Q: How current is the data on ReiFax?
• Q: Could you please explain what debt to equity is on ReiFax property Detail or foreclosure tab?
• Q: Ramon, you basically answered that. But now I’ll ask “What’s Active equity and Potential equity?”
• Q: how do I get buyers list that recently bought cash?
• Q: how do I get a buyer list of people that  bought cash in the last 120 days?
• Q: Is it possible to view & listen to previous webinar’s?
• Q: Ramon can I do a search to find out which banks are selling the most REO in a specified area?
• Q: Please explain how to access the probate section and its different categories ( like out of town owners, etc).
• Q: How would you find Owners of “non-owner occupied” homes that own them free and clear/purchased before 1995 (for example) Thank you
• Q: When filling in the equity fields, I have been using 30 for debt to equity.  My question is for A Equity and P Equity should I have a positive number?

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Filed Under: ReiFax Trainings Archive Tagged with Amp, Banks, Foreclosure, Google, Hello, Probate Section, Property Detail, Reo, Subscribers, Webinar

July 22nd, 2011

Hello and Welcome to the ReiFax.com Webinar Training Archive for July 22nd, 2011. Here are some of the questions our subscribers asked in today’s training. Please watch the video to see the answer to all these questions and more:

• Q: Good Morning Ramon:what”s the easiest and most effective way to look for REOs(banks owned only)?.Sometimes i get the banks owned ones along with a lot of foreclosed by investors propeties.
• Q: A Couple of months ago i attended a Breia meeting and i heard Francisco talking about an iphone app for Reifax;unfortunatrly i wasn”t able to attend those mmetings last two months;do you guys have any iphone app that could be used in driving for dollars search?
• Q: In the market value, do you include the 4 bedrooms also?
• Q: Where are the definitions for your naming, Market Value, Active Value, Pequity, etc…..?
• Q: Are you including in the Market Value the foreclosures also?
• Q: How do you arrived to market value?, I notice that when I do comps I see that the number of bedrooms do not match the property that I’m comparing to.
• Q: Does reifax works with the android phone? I get errors whn I tried to open it.
• Q: I am just refreshing myself in finding marketing lists for short selling. I have the demo you sent, but haven’t looked at it recently, so if you have time could you go through that again. Just if you have time.
• Q: ALso, I would like to see how to print the labels
• Q: in the result, the owner’s name has last name and first name in that order. is there any way to reverse that in the excel spreadsheet?
• Q: what features are not on the mobi site that r on the .com site?
• Q: show how to search broward county for properties with >30% equity that are in distress
• Q: Could you show how to to go about using the real estate contract function? Thanks. Dan

Filed Under: ReiFax Trainings Archive Tagged with Banks, Bedrooms, Broward County, Definitions, Demo, Driving For Dollars, Excel Spreadsheet, Foreclosures, Google, Hello, Investors, Iphone, Labels, Last Two Months, Marketing, real estate contract, Subscribers

December 17th, 2010

Hello and Welcome to Xima’s Webinar Training Archive for December 17th, 2010. Here are some of the questions our subscribers asked in today’s training. Please watch the video to see the answer to all these questions and more:

• Q: how do you use the new version to find comprable properties. i now where it is on the old version but i couldn’t find it on the new version.
• Q: how do you pull up 4 plex preforeclosures?
• Q: what is the best way to get new listings
• Q: I haven’t been able to figure out how to create custom tempelates for reports.  In the old version, we cam select from the list of fields.  Now I can’t find that list of fields.
• Q: How can I dictate the order of fields to appear in the excel report?
• Q: how can you get the comps?
• Q: can you also get pre n o d . for example, if somone has been late on the past but the bank has not file lis pendis on the  property yet
• Q: how old is your list
• Q: can i get home owner’s phone numbers?
• Q: can i screen out certain banks?
• Q: for example if don’t want to deal with bank of america. can i screen it out on my search
• Q: How do you save a search/selection criteria for repeat/future use?
• Q: ALSO, can the EXCEL output report be manipulated prior to production or must I do it manually afterward?
• Q: Where does all the owner info (like phone numbers) come from?

Filed Under: ReiFax Trainings Archive Tagged with Bank Of America, Banks, Google, Hello, Old Version, Owner Info, Phone Numbers, Preforeclosures, Property Owner, Search Selection, Selection Criteria, Subscribers, Webinar

October 29th, 2010

Hello and Welcome to Xima’s Webinar Training Archive for October 29th, 2010. Here are some of the questions our subscribers asked in today’s training. Please watch the video to see the answer to all these questions and more:

• Q: explain debt equity please. what does that tells me in terms of bank reo’s. what % should i choose.
• Q: This is a great class.  I am new at Xima – Will you be posting this to your blog this afternoon – so that we can re-watch?
• Q: Why do you use 10k for known debt? Is 1k the same?
• Q: Can you search multiple zip codes?
• Q: As a Realtor, what is a good search to do to find short sale listings?
• Q: When we use our equity search should we use ONLY the mortgage “known debt” or both mortgage AND public records?
• Q: what is the difference between known debt in the Mortgage section and the Foreclosure sections?
• Q: Can do a Search only using the street name instead numbers
• Q: My calculations did not equal your calculations. Why? I mean adding 4 comps and dividing by my calculator didn’t equal XIMA’s calculation.
• Q: where do go to find who the property is listed with. who is the listing agent that the banks want you to go thru

Filed Under: ReiFax Trainings Archive Tagged with Bank Reo, Banks, Blog, Calculator, Comps, Debt Equity, Foreclosure, Google, Hello, Mortgage Section, Property Owner, Public Records, Realtor, Subscribers, Webinar, Xima, Xima Training, Zip Codes

By: Joseph B. Smith

One of the best times to invest in foreclosures is to take advantage of foreclosure homes auctions. These auctions provide many exciting opportunities for the buyer especially those who look forward to seeing a lot of different options from which to select their properties. When a defaulting borrower fails to make current his obligation to the bank or lender, the latter would then try to sell the property in a public sale in order to recover its money. Since banks would be aiming for a quick sale of these properties, it is not uncommon to find foreclosure homes that are truly priced way below their actual market values.

Strategize Your Entry

Of course, joining foreclosure homes auctions is not an easy task particularly to those who have yet to experience one. The good news is you can actually learn it in an easy manner and in a short time. By researching how an auction is conducted, one can have a good idea on how to participate. An auction is a special event that has its own set of rules that a participant must follow to be able to bid. It would be thus helpful if you know these rules so that you can conform to what is required in the event.

One good strategy is to attend an auction first without bidding. Your goal here is to primarily just observe how everything works in an auction. Observe the people, bidders, auctioneer, the bid amounts and the properties being sold. Interact with the bidders and subtly ask questions that may help you when your time comes to bid. It would be a good thing if you can do this at least three or four times before you join one yourself. In this way, you become familiar with the whole process and confident to bid on your own.

In addition, researching the properties before the conduct of foreclosure homes auctions is a good strategy. This means that you can build a list of properties that you are going to bid for based on the results of your research. In this way, you will avoid wasting time and opportunity at the bidding event itself. When you have a list of foreclosure homes that you are confident about, you will never have to worry about going home unsuccessful.

About the Author

Joseph B. Smith has been educating buyers on the finer points of foreclosure homes auctions at Foreclosure-Auction.net for over five years. Contact Joseph B. Smith through Foreclosure-Auction.net if you need help finding information about foreclosure homes auctions.

(ArticlesBase SC #3379214)

Article Source: http://www.articlesbase.com/ – Foreclosure Homes Auctions: Strategies For Success

Filed Under: Articles , Foreclosures Tagged with Advantage Homes, Amazon, Auction, Auctioneer, B Smith, Banks, Bid, Bidders, Find Homes, Foreclosure Auctions, foreclosure homes, Foreclosures, Market Values, Money, Obligation, Participant, Short Time