Comments on: Why Buying A House Amid The Recession Is Actually Wise

By: kimberly lee

kimberly lee — Thu, 24 Sep 2009 07:29:31 +0000

this maybe bit off-topic … but I was just wondrin… if reos are repossessed from owners, does that mean they still have tenants when buyers inspect them? like if i want to check a certain property, ill meet its previous owners? just curious…

anyway my hubby and i are looking for a new place somewhere in hennepin county and this article sure is helpful. thanks a lot!

By: Richard Smith

Richard Smith — Wed, 16 Sep 2009 10:28:52 +0000

It is actually wise to invest in real estate nowadays, you’ve a good point here, real estate is keeping it’s pace and going up… it’s worth putting your hard earned money on this.

By: Sally McLaughlin

Sally McLaughlin — Wed, 16 Sep 2009 01:59:46 +0000

Hi, I’m planning to buy an REO property and this article is a big help, it only confirms that you should start investing as early as now to make a full advantage of it, as the price goes higher your actual investment benefits from the fluctuation.

Keep on posting.

By: Dax Dickson

Dax Dickson — Sun, 13 Sep 2009 10:48:02 +0000

I completely agree that now is the best time to buy real estate since at least 2001.

All I do is commercial finance and there is so many people trying to buy these REO’s that I changed my focus from traditional commercial real estate to non-traditional commercial rehab construction loans using residential properties as collateral. A lot of these deals need work and do not qualify for Fannie Mae or Freddie Mac mortgages.

This current market is the best I have since in my ten plus year finance career.

Dax Dickson
612-578-9898