Tagged : income properties

Will White House Put a Moratorium on All Foreclosures?

ICON Realty Team

Tuesday, October 19th, 2010 at 8:08am. 459 Views, 0 Comments.

David Axelrod, one of the top advisers at the White House, spoke Sunday about the need for a moratorium on home foreclosures. This comes following pressure for at the White House to intervene in response to growing evidence that financial institutions have been using incorrect documents to evict many of the nation’s homeowners.

According to Axelrod, the flawed documents are taking a toll on the nation’s real estate markets as well as financial institutions. Axelrod expressed some reservations about a complete nation-wide moratorium citing the need for some valid foreclosures to continue to be processed.

Instead Axelrod said the current administration will be pressing bank lenders to speed up their review process in order to determine which…

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Foreclosure Properties Now Sell for 26% Less Than Other Homes

ICON Realty Team

Monday, October 18th, 2010 at 2:38pm. 547 Views, 0 Comments.

RealtyTrac’s latest quarterly results show that foreclosure properties sell for approximately 26% less than other homes. The results have also revealed the states with high foreclosure rates and sales discounts on distressed homes. For example, in Nevada the percentage of foreclosure sales has finally dropped from 65% to 56%.

Distressed home sales include the sale of homes that are scheduled to be auctioned, are in default, or are real-estate-owned. According to RealtyTrac, approximately 248,000 homes were sold between April and June 2010.

That’s a 5% jump when compared to the previous quarter, and non-distressed sales went up even more during the most recent quarter. Most are giving credit to the federal housing tax credit for growth seen in the…

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Investing in Real Estate? Look to Indianapolis

ICON Realty Team

Saturday, September 11th, 2010 at 2:01pm. 543 Views, 0 Comments.

According to the Wall Street Journal last month, if you are looking for a place to buy investment property, then Indy is your kinda place. Huntsville, Alabama and Durham, NC are right up there with Indy, but Orlando and Vegas and two of the riskiest places in the country to buy.

In fact, a number of people outside of the Indianapolis area are buying houses and renting them out, planning to hold on to them for several years, then sell when the market improves considerably. Sadly the number of foreclosures in the area, have meant there are many houses selling for sometimes at half of their appraised value. One such buyer, Jason Moore, of Baltimore, is an Indianapolis native and bought a 4 bedroom room for less than $60,000. After buying the…

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25 Indianapolis Rental Homes for Sale

ICON Realty Team

Monday, February 22nd, 2010 at 8:20pm. 729 Views, 0 Comments.

We are excited to team up with W Realty Partners, LLC to offer a portfolio of 25 Indianapolis area rental properties for sale. The homes in the portfolio are currently rented and are for sale with tenants rights.  The homes can be sold as an entire package or one at a time.

Every property in the portfolio has been completely rehabbed and is currently leased and managed by a top rated Property Management firm in Indianapolis.

We have created a dedicated website to the properties located here. On this website you have the ability to view pictures of the properties, view a map showing the location of each property, and review the asking price and current rental amount.

VIEW ALL LISTINGS HERE

VIEW PROPERTY LOCATIONS

VIEW PROPERTY PRICE AND…

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