Median Distressed Home Price Jumps 18 Percent in October

[facebook][retweet] The median price of distressed residential properties, which are those that are either in the foreclosure process or owned by a bank, jumped up by 18 percent year-over-year in October, according to RealtyTrac’s October 2014 Residential and Foreclosure Sales Report. The price of non-distressed homes increased at the slower rate of 11 percent during the same…

Distressed Homes Discount Averages 37 Percent in September

[facebook][retweet] Distressed residential properties had a median sales price of 37 percent below the median sales price of non-distressed properties nationwide in September, according to Realty Trac’s Q3 2014 Residential and Foreclosure Sales Report released Tuesday. The median price of distressed residential homes, which are those in foreclosure or owned by banks when sold, was…

Big Profits from Ugly Houses

It’s a common misconception that you have to “fix up” houses in order to sell them for a profit, but nothing could be further from the truth.  Many PIG members have a made a pretty penny (over a million dollars in a year!) from flipping ugly houses to other investors, also known as “wholesaling.”  The…