Asbestos Prevention Tips and Green Alternatives for Home Owners

Regarded as an old American tradition, buying a home is something many people have in the back of their minds for a long period of time.

Gradually saving up for a down payment and taking the proper steps, when at last, you feel you are ready to make one of the most important decisions in your life. It may not be completely clear, but the first steps in the home buying process are important to the success and enjoyment during this process.

Newly bought homes are often remodeled and repairs may be needed. Having the assistance of an experienced real estate investment expert or agent can make all the difference in the many steps that lead to home ownership.

Many homes or buildings built before 1980 may still contain asbestos or old corrosive building materials. This should not make you overly concerned, because asbestos exposure is easily avoidable by taking simple precautions. Many green, Eco-friendly alternatives are available which not only provide a safe and health method of insulation, they can even help in reducing annual energy costs.

Tips and Prevention

Naturally-occurring mineral, asbestos was utilized in a variety of construction applications throughout the 20th century. Due to its flame resistant, highly durable and inexpensive qualities, it became the ideal choice for manufacturers as a form of insulation, piping, brake lining and flooring.

If any asbestos is located in the home, most experts suggest to just leave it alone and undisturbed. Asbestos that is not deteriorated and left alone will almost always not pose any risks. The best action may be no action at all. When its fibers are disturbed and become airborne, it can be a cause for concern.

If a home inspector suggests removal is necessary, it must be performed by a licensed abatement contractor who is trained and equipped in handling hazardous materials. They can perform the removal in public facilities, homes and work places.

Exposure to damaged asbestos can cause a rare but severe lung ailment known as mesothelioma. Accounting for three percent of cancer diagnoses in the U.S. each year, diagnosis of these forms of asbestos lung cancer has been a difficult task because mesothelioma symptoms are so similar to other, less serious conditions.

Going GREEN in the home

Living in the 21st century, there is a renewed importance towards environmental sustainability, green construction and lowering your carbon footprint. Many realtors have understood this important aspect of our lives and can greatly assist clients in achieving a green home.

Utilizing Eco-friendly methods of building and insulation can have many environmental, economic and health benefits, including enhancement of air quality, improvement of pulmonary health, increase property value and reduction of energy costs. Currently, many cities in the U.S. have created lumberyards which re-store where you can purchase recycled building materials that are authentically strong and inexpensive.

The use of cotton fiber, lcynene foam and cellulose are viable alternatives that possess many of its superior qualities without the toxicity. Cotton fiber is becoming a favorite insulation method. Made from recycled batted material, it is then treated to be fireproof. Water based spray polyurethane foam, lcynene, is a healthy insulation which contains no toxic components.

The United Nations Environmental Program states that the use of these recycled building materials, on top of the installation of energy saving appliances and the maximization of natural lighting in a building, can reduce energy use energy use by 25 percent.

Bulk REOs Wanted

I have been fortunate to align with a company who is the direct seller of bulk REOs who I expect to work with for years to come.  The principals are of the highest integrity with an incredible pipeline of REOs, Notes, etc.  Unfortunately they can’t accommodate every buyer request in a timely manner.  It is for that reason we’re looking for a secondary product source.

We have a backlog of experienced buyers interested in residential and commercial REOs & Notes, especially in CA, AZ, TX, NV, FL, NYC and the surrounding area as well as Nationwide.  I do not have anyone interested in the rust belt nor houses below $75,000 in value.  Not only do we have proofed up buyers ready to go, but our primary source is also interested in buying and reselling bulk REO packages up to $1B in value.

We are interested in dealing directly with institutions and/or proven sellers of bulk REOs and request a conversation with the seller to validate the source before introducing buyers.  We have a checklist of questions that has been created in conjunction with our buyers and will be happy to forward that for your review.

Contact me at bobbaumandeals @ gmail.com if you have a reliable source of bulk REOs.

Bulk REOs Available Now!

As many of you are aware, access to a reliable, consistent source of REO packages has been challenging due to changes in the banking systems brought about by a volatile market place and a flurry of new policies introduced by the government.  As we now see many banks beginning to pay back bail out money and many more starting to implement plans to stabilize, programs have been put in place to facilitate disposition of toxic assets.  The private sector is being encouraged to participate in this process and the timing is excellent for you to take advantage of this situation.

We are fortunate to have been introduced by a trusted associate to one of the first groups given approval to tap into government sponsored pools of REOs.  There are also services in place to support private investors interested in the process of purchasing and managing packages of REOs.  Details will be following shortly, but in the meantime the best part about this program is they have made it very easy to test the waters. 

The only requirement to begin the process of acquiring REO packages is to submit an LOI.  That’s it.  Buyers will be required to proof up directly to the institutions at the appropriate time, but for now buyers just need to submit an order with specific details outlining their buying criteria.  Please be as descriptive as possible and include total budget for a package of REOs, geography, average price, desired discount, and as many other details as necessary to ensure there is no misunderstanding of exactly what is wanted.  For now we will be focusing on residential REOs only, although we have been told a variety of instruments will also be made available.

Contact me at bobbaumandeals @ gmail.com to submit your LOI.  Do this as soon as possible so we have your details  when the packages become available.

Nationwide And Regional REO Packages

More than a dozen bulk packages of residential REOs have been released by Fannie Mae for the first time in a while and are available for bid.  They are broken down by region and buyers who submit bids by end of business June 10, 2009, will be eligible.  A complete list and protocol is available to buyers and their direct representatives.

Also available, in a straight purchase, without bidding, are nationwide packages of residential REOs in the range of $2M – $5M, through private sellers.  Full tape is available for qualified buyers.

Buyer will be responsible for due diligence in both cases.  All offers submitted by end of business June 10, 2009, will be considered.  Packages will not be broken up to sell individual properties.

Contace me at bobbaumandeals @ gmail.com with any questions or interest.  Do this now, as there are only 2 days left.

REO’s Nationwide – All or Cherry Pick

The seller of a Nationwide REO package is fed up with buyer who did not perform and now selling off balance of package in bulk, one at a time, by state, whatever you like.  There are 276 residential REOs remaining.  The properties priced out at an average of $13,000 each when bought in bulk.  The seller is willing to negotiate a bulk deal or individual pricing, which would vary by location.  The seller is not interested in any more non-performers, cash buyers who can close quickly, only.

As a bonus, the previous buyers who did not perform paid for title work so it’s all been completed, so the new buyer will benefit from discounted closing costs.  Also, the properties are being provided with warranty deeds.

Full addresses are available for any of the properties below.  It is up to the buyer to do any due diligence:

Breakdown as follows:
AL – 5
AR – 3
CA – 1
FL – 3
IA – 1
IL – 22
IN – 22
KS – 1
KY – 1
LA – 2
MA – 1
ME – 1
MI – 84
MN – 10
MO – 10
MS – 7
NY – 1
OH – 54
OK – 3
PA – 8
SC – 4
TN – 1
TX – 5
WI – 25
WV – 1

Contact me at bobbaumandeals @ gmail.com if you can move on this quickly.  An LOI/MFA/NCND/POF is not required.  The full tape will be sent immediately and I am ready to put the seller on the phone with a qualified buyer.

Midwest REO Package Available For $400K

Here’s a Midwest REO package of residential homes averaging @ $5,000 ea., priced for a quick sale @ $400,000 + fees = @ 7% of BPO.

Direct to Private Seller who does not want tape blasted out to broker community on the internet, so must register buyer and full tape will be sent directly to them.

No paperwork needed, buyer expected to do their due diligence in advance and go straight to contract.

Properties will be sold with quit claim deed.

Just became available April 13, so ready for you today if you act quickly.  Happy to get seller directly on the phone with validated buyer to discuss.

Contact me at bobbaumandeals @ gmail.com if you have a buyer for this package.

REO Package Being Offered At 25% Of BPO

This REO package is coming directly from a friend who is the owner; seller fell out so available NOW for cash buyer!  This must close by end of business Friday, April 3rd.

There will be 3 points paid, 1 to buyers rep, 1 to intermediaries, 1 to sellers rep (me).  They will pay an additional 1 point bonus, assuming the deal is closed at the asking price with $5M in escrow, that’s $50k, to YOU!

This package includes 70 pending sale contracts that are in place through a nationwide ReMax association.  New buyer can choose to assume any or all of those contracts at their discretion.

Additionally, there is a turn key exit strategy in place that the new buyer can plug into if they choose.  This could prove to be a tremendous benefit as it will help with the process of managing the assets for buy & hold and/or quick sale.

388 properties nationwide
Clear title
Independent BPOs price this at 20m
Being offered for 5m – 25% of BPO
ReMax recently assessed ARV as > 28m
Full tape available

Breakdown as follows:
AL – 9
AR – 3
CA – 1
CO – 3
FL – 1
IA – 1
IL – 27
IN – 29
KS – 4
KY – 6
LA – 2
MA – 2
ME – 1
MI – 105
MN – 11
MO – 31
MS – 8
NH – 1
NJ – 1
NY – 2
OH – 80
OK – 5
PA – 8
SC – 4
TN – 2
TX – 6
WI – 26
WV – 2

Contact me at bobbaumandeals @ gmail.com ASAP, we’re really pushing this one hard since buyer fell out and want to get this done FAST!  Don’t need any LOI/MFA/NCND/POF LMNOP.  Full tape will be sent immediately, ready to put seller on phone with qualified buyers.

Nationwide REO Package – 2 days only!

Many of you have requested a Nationwide REO package and we have this one as of tonight, but only for a short period of time.  The bank will accept the first offer submitted with escrow in place by end of business this Thursday, 3/5/2009.

This nationwide REO package has 638 residential properties with a BPO of $100m, offered at 52% + fees, must be sold as a package.  LOI/soft POF with NCND/MFA will get buyer all available details and connect them directly to the seller.  Here’s the breakdown of number of properties per state:

AZ-51
CA-194
FL-45
GA-47
IL-38
MA-6
MD-2
MI-35
MN-4
MO-16
NJ-15
NV-55
NY-8
OH-21
TX-61
VA-29
WI-11

We have also received a few small packages in AZ, TX, NY/NJ in just the last few days.  For those who have already submitted an LOI and we knew what they wanted the process was easy, we forwarded those packages to them.  Even if for whatever reason you don’t submit an LOI today, if you’re interested in buying REOs at all, please at least let me know what you want.  That way I can alert you to an opportunity when it comes up.

If you are working with frustrated buyers who can’t find real product, then please email me today at bobbaumandeals @ gmail.com and we can begin the process to prove this can be done.

California REOs And More

I am direct to the sellers mandate who has approximately $2.5 billion in California residential REOs that they are breaking down into smaller packages.  This group has been getting REOs and closing deals for the last couple of years, and can be counted on to do what they say they’re going to do.  The price range is around 52% of BPO, and with the high demand for California REOs in general, I would expect this to go quickly.

This same group has ongoing access to nationwide product, so any LOIs submitted with reasonable requests for anywhere in the country will be considered.  We will expect an LOI with soft POF, NCND/MFA to be in place before product will be presented, but even on a custom compile order, there is generally less than a 72 hour turn around.

If you are direct to a buyer who is ready to buy but has been frustrated because they can’t find real product, email me today at bobbaumandeals @ gmail.com and we can begin the process to prove this can be done.

California REO Packages Available

Here’s the latest opportunities from a reliable friend.  Only need buyer to sign off on NCND to deliver full tape to them, no LOI/POF needed at this time.  If you have a CA buyer anxious to get their hands on real product, then email me ASAP and will send NCND.  Thank you for your consideration.

California – 110 properties
BPO: $14,818,600
Price: $8,742,974
59% LTV
Source: Seller’s Rep/Private Seller

California – 171 properties
BPO: $34,511,050
Price: $20,361,519
59% LTV
Source: Seller’s Rep/Private Seller

Contact me at bobbaumandeals @ gmail.com if you have interest in the above packages.