TITLE

Foreclosure Sales Strategy Aims to Give Owners an Edge Over Investors

AUTHOR(S)
Allen, Mike
PUB. DATE
September 2010
SOURCE
San Diego Business Journal;9/20/2010, Vol. 31 Issue 38, p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the impact of home foreclosures in California on real estate firm New Vista Asset Management owned by Jim Park and Gary Acosta. According to their prediction, the trend will continue to increase in the year and it will be beneficial to their company since the portfolios of houses that they will manage will increase as well. It notes that the company already sold 8,146 foreclosed properties since April 2009 which amounted to more than one billion dollars.
ACCESSION #
54292873

 

Related Articles

  • New Vista to Sell Freddie Mac REOs. Hochstein, Marc // American Banker;5/30/2008, Vol. 173 Issue 103, p9 

    The article reports that the Federal Home Loan Mortgage Corporation, known as Freddie Mac, has allowed New Vista Asset Management of San Diego, California to market their repossessed homes. New Vista focuses on selling repossessed homes to first-time home buyers and minorities, and also made a...

  • Deal Would Recycle Foreclosed Homes. Launder, William // American Banker;11/30/2007, Vol. 172 Issue 230, p17 

    The article discusses the plan of New Vista Asset Management, a marketer and manager of repossessed homes, to partner with U.S. federal mortgage lender Fannie Mae in promoting foreclosed properties as affordable housing. The companies will use New Vista's network of mortgage lenders to promote...

  • Countrywide in Property Pact. Berry, Kate // American Banker;4/28/2008, Vol. 173 Issue 81, p10 

    This article discusses a partnership between Countrywide Financial Corp. and New Vista Asset Management to market foreclosed properties in minority neighborhoods. New Vista will provide seminars for first time home buyers interested in foreclosed properties in these neighborhoods. Countrywide...

  • Foreclosure-Related Vacancy Rates. Whitaker, Stephan // Economic Commentary;7/26/2011, Vol. 2011 Issue 12, p1 

    In this article the author highlights the distribution of foreclosure-related vacancy in Cuyahoga County, Ohio and its impact on the home market. He presents data on occupancy of foreclosed home, foreclosure gap since sheriff's sale, and percent of foreclosed home awaiting for resale in Cayuhoga...

  • Foreclosure Entity Ramps Up Operations. Allen, Mike // San Diego Business Journal;3/14/2011, Vol. 32 Issue 11, p26 

    The article reports on the acquisition of the real estate owned management unit of REDC Default Solutions LLC by New Vista Asset Management.

  • CHAPTER 9: Plan B: Fixer-Uppers, FSBOs, Foreclosures, and More. Bray, Ilona; Schroeder, Alayna; Stewart, Marcia // Nolo's Essential Guide to Buying Your First Home;12/1/2012, p215 

    The article discusses various issues related to buying fixer-uppers housing, houses for sale by owners (FSBOs) and buying in foreclosures. It is mentioned that the best bargain is usually a fixer-upper somewhere in the middle with a manageable amount while buying fixer-uppers. It is noted that...

  • Foreclosure homes to be auctioned.  // Business Journal Serving Fresno & the Central San Joaquin Valley;10/3/2008, Issue 323926, p6 

    The article reports on the auction of foreclosure homes. Hudson and Marshall will be auctioning off about 400 bank-owned foreclosures in Southern California within October 7-12. The homes worth between $12,000 and $750,000. For each property, buyers must deposit $5000 in the form of cash,...

  • THE MONEY MULTIPLIER. Krantz, Matt // Men's Health;Sep2007, Vol. 22 Issue 7, p100 

    The article offers ideas on seeking and purchasing foreclose house. According to an online foreclosure database, lenders foreclosed on more than 1.2 million homes in 2006. Clients can purchase a foreclosure house for as little as 50 percent of its previous sale price. However, buyers are warned...

  • CHAPTER 9: Plan B: Fixer-Uppers, FSBOs, Foreclosures, and More. Bray, Ilona; Schroeder, Alayna; Stewart, Marcia // Nolo's Essential Guide to Buying Your First Home;Dec2016, p233 

    The article presents Chapter 9 of the book "Nolo's Essential Guide to Buying Your First Home" by Ilona Bray, Alayna Schroeder, and Marcia Stewart which focuses on the creative alternatives in searching for the right house. These include houses for sale by owner (FSBO) without a seller's agent,...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics