GLG Topic: Distressed Property Investing
Distressed Property Investing refers to the acquisition of real estate assets (property or land) that were originally purchased with a loan in which the buyer has defaulted. Vehicles used to potentially acquire distressed property include Short Sales, Foreclosures and Bank Owned REOs (Real Estate Owned).
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Leading Experts: Distressed Property Investing
Dennis Cisterna, III
Principal
American Pacific Development
Dennis Cisterna is a Principal at American Pacific Development in California. American Pacific Development is a residential real estate development and consulting firm currently focused on distressed real estate opportunities and strategies. Mr. Cisterna oversees operations in the Southern California...
Howard LiggettPresident and CEO
Distressed Real Estate Consulting Services, Inc.
Howard C. Liggett is the President and CEO of Distressed Real Estate Consulting Services, Inc. The Florida based company provides a broad range of real estate consulting expertise to institutional investors, equity and mortgage REITs, and alternative asset portfolios. Mr. Liggett also serves as Executive...
Study Groups: Distressed Property Investing(?)
| Study Group Name | Members |
|---|---|
| Land Acquisition Experts (US) | 41 |
| Land Brokerage Experts (Florida) | 86 |
| Land Brokerage Experts (California) | 90 |
GLG NewsSM Analysis: Distressed Property Investing(?)
The number of foreclosure actions continued to rise in the first part of this year and owners and investors found they were unable to either refinance or sell the homes for what they had in mortgages. One of the little understood facets of this current phase in the disintegration of the housing markets...
Unsold inventory is at an extremely high level, which will be increased significantly as mortgage foreclosures continue to ramp up through 2008. The median home price has dropped only 4.6% year over year. Even with historically low interest rates, the credit crunch will continue to suppress...
Will the abandonment of mortgage defaulted properties create opportunites for tax debt investors? What innovations may be on the horizon to address the anticipated loss of property tax revenue to the nation's cities & counties? Will tax certificate sales become the method of choice for recovering...
Bad news for some, though, will soon turn out to be good news for others. The second half of this year will yield ample opportunities for residential land / lot buyers.
GLG InstituteSM Seminars: Distressed Property Investing(?)
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