MOSCOW, Ohio, Feb. 23 (UPI) — An Ohio man said he made good on his threat to tear down his home before allowing his bank to foreclose on the property.
Terry Hoskins of Moscow said RiverHills Bank refused a $170,000 offer to pay off the money owed on the $350,000 loan, with officials saying they could make more money from a foreclosure sale, so he gave the bank an ultimatum for the final fate of his house: “I’ll tear it down before I let you take it,” he said.
“When I see …

A special message for the members of Richmond REIA:
If you haven’t heard it by now, I’m going to let you in on a little secret…
NOW is the time to BUY.
The real estate market is the softest it has been in decades and we are truly in the best buyer’s market we may ever see in our lifetimes. It’s a fact that even the mainstream news touts daily. Deals are out there waiting to be snatched up, and fortunes of our generation are already in the making.
Unfortunately, I meet people …

Mark Deutsch – Networking Like Your Business Depends On It!

See Mark on WTVR 6 with Bill Bevins

Networking Like Your Business Depends On It!
        Our guest speaker at our January 2010 meeting was Mark Deutsch. Mark is the CEO & Executive Director of Business Network International (BNI) – Central Virginia (www.bniva.com), the largest and most successful business referral organization in Virginia. BNI provides a structured and supportive system for businesses to build their revenues through referrals and word‐of‐mouth marketing.
        Mark spoke with members …

Fri Jan 15, 6:21 pm ET
WASHINGTON (Reuters) – The U.S. government is taking action to speed the resale of foreclosed properties by temporarily expanding access to Federal Housing Administration mortgage insurance, U.S. housing officials said on Friday.
Effective Feb 1, the Housing and Urban Development Department will waive for one year an FHA rule that prohibits insuring a mortgage on a home owned by the seller for less than 90 days, giving FHA borrowers access to a broader array of recently foreclosed properties.
The move is to allow homes to resell as …

Local Virginia real estate investors association opens its membership to investors and vendors from out of state.
RICHMOND, VA – (Press Release) – January 3, 2010 – Richmond Real Estate Investors Association (RREIA) announces that effective January 1, 2010, real estate investors and vendors with services of interest to real estate investors can now apply for membership in Richmond REIA.
Troy Ross and Deb Orth, founders and owners of the club are excited about the possibilities that this opens up to the club’s local membership. “The opportunities for out-of-state investors to …