Buy property from the Bank and pocket the profits in Hermosa Beach!
By Ryan "Rocky" Rockwood
(Keller Williams Palos Verdes)
Buy property from the Bank and pocket the profits in Hermosa Beach! Listen up Hermosa Beach CA! The daily newscasters and "talking heads" feature regular stories of the tragedy of foreclosures in California. Indeed, the rate of foreclosures is continuing to increase, partially driven by the financially illogical variable rate mortgages. With that said, if you are a financially savvy Hermosa Beach Real Estate Investor with solid financials, this is a great time to capitalize upon these intriguing opportunities, especially in the form of REO properties. California Banks are in the business of lending money, not owning, managing, or selling real estate. However, oftentimes a bank is forced to foreclose on an investment, and a property reverts from an investment to Real Estate Owned, or R...
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