foreclosed homes in longview tx

RealtyTrac is used by everyone who wants to save big money buying real estate, including first time home buyers, investors and realtors. RealtyTrac researches and compiles distressed real estate data for businesses, investors and consumers. Pre-foreclosures, REOs (bank owned), and government properties can be accessed directly from the RealtyTrac web site, or from one of our data partners' Web sites. Buyers can search bargain homes in our national database of foreclosures, or choose from a suite of online products.
Homes for 1/2 Price

Distressed assets: profiting from mistakes of others
Author: Murray Priestley
Distressed asset investing can cover a wide range of scenarios from foreclosures on private homes, to buying and selling assets in failed companies, to stocks and bonds in companies entering or leaving bankruptcy protection or under other financial pressure. It’s about making money from other people’s problems or mismanagement. There are bargains to be had because the seller is usually desperate to raise cash in a hurry.

Early this decade in North America, there were all kinds of opportunities for distressed assets investing, and not just in securities. Remember the big fiber optics bust? Cisco Systems and Nortel, among others, found themselves with too much inventory and too much debt. After dramatic growth throughout most of the 1990s, the market for fiber optic equipment and systems declined dramatically in 2001. Fiber overcapacity and cutbacks in telecom carrier capital investment triggered near panics in stock markets in the U.S. and Canada.

Fiber optics equipment is constantly being improved to give more bang for the buyer’s buck. It’s not something that can lie around in warehouses until the market for it improves. Suddenly, a lot of equipment, billions of dollars worth, had to be dumped. Distressed asset investors profited. True, the companies and their investors lost a bundle, but they stood to lose everything without the intervention of distressed asset investors.

Exodus Communications (an unfortunate name, as it turned out), once claimed to be “the recognized market leader in managed hosting services.” Venture Asset Group, a Palo Alto, Calif.-based financial services firm specializing in sales of assets of troubled telecom companies, got the nod to liquidate the company’s venture capital investment portfolio in 17 private companies, valued at about $200 million.

A company spokesman said buyers could include storage and Web-hosting companies or speculators, including venture capital firms, looking to pick up cheap investments and turn the companies around. “In bankruptcy, everybody’s focus is usually on the big assets (such as the core company), which are very hard to find buyers for right now. There can be liquidity in small assets.”

Bankruptcies or Chapter 11 reorganizations often trigger distressed assets opportunities. As you might imagine, though, these are rarely opportunities for individual investors. But where there is a possibility of a buck to be made, someone somewhere in the investment industry will find a way to let private investors in on the fun and the rewards. Today, there are funds managed by professionals who have the knowledge, flexibility and patience that a company’s creditors may not have.

Many institutional investors, such as pension funds, are barred from holding bonds that are below investment grade, even if the company is a viable one. They may sell at deeply discounted prices, which has the effect of lowering priced further. Banks often prefer to sell non-performing loans; they are not in the business of figuring out how reorganizations will work out for creditors. And holders of trade claims have no expertise in assessing the likelihood of getting paid once a company has filed for Chapter 11 protection.

An example is Barney’s Inc. It filed for Chapter 11 in early 1996. Many clothing designers chose to sell their trade claims and recoup a portion of their money. It was of no consequence whether Barney’s was a solid company that had simply overextended itself, they wanted something immediately. Investors who believed the company would emerge successfully from Chapter 11 protection bought the claims for as little as 25 cents on the dollar. The price rose 50% within months, when it was announced a potential buyer had been found for Barney’s.

When creditors can’t wait or are unwilling to wait, steep discounts are common – and this is the distressed assets investor’s opportunity to make a good profit.

Some companies in the process of reorganizing their debt will issue new securities to junior creditors when they cannot repay them in full. If a fund manager believes the company will emerge from bankruptcy and be viable, he might buy these junior bonds for an opportunity to receive shares in the company under a reorganization plan.

These shares are sometimes referred to as ‘orphan’ equities when the issuing company has no Wall Street coverage. Lack of coverage results from investment banks tending not to view companies emerging from bankruptcy as potential clients. Consequently, the only people able to understand the value of these orphan issues are investment professionals who have taken the time to research the company’s liquidation value during the Chapter 11 process. They now profit from buying the newly issued equities at low prices when other creditors, issued the shares in exchange for their claims, dump them because they don’t understand their value.

This is what happened with El Paso Electric when it exited bankruptcy in early 1996. Its orphan equities were first issued at $5 a share. As creditors dumped them, the price fell. Savvy professionals were able to add to their holdings when this happened. Two years later, the shares were trading at more than $9.

Orphan equities can be highly profitable as the investment community, at first overlooking the stock, gains more understanding and confidence in its value. This ultimately leads to Wall Street coverage and higher prices.

As always, look for a manager with a solid track record.

Distressed asset investing can be a good way to increase diversification in an investment portfolio. Opportunities are more prevalent in a recession, but companies get into trouble in expansionary times, too. Distressed assets do not have the same volatility as many other types of investment. Excessive prices, if they existed, have already been wrung out of them.

About the Author

Written & published by Murray Priestley, Managing Partner of Portofino Asset Management, private investment managers and publishers of the Portofino Report. www.portofinoasset.com

Other sites that feature foreclosed homes in longview tx

1. The Real Estate New London Hampshire Center
... com: Real estate listings & homes for sale - Search for a new home or find mortgage rates, real estate agents, and relocationservices throughout the US, Canada, and Puerto Rico. http://www.realtor ...
http://real-estate-10.realestate577.com/

2. Home Mortgage Refinancing Second Mortgage Quote Mortgage Loan No money down ...
... Tuscaloosa, AL, Tyler-Longview, TX, Utica-Rome, NY ... NY OH OR PA RI SC SD TN TX UT VA VT WA WI WV WY ... Forclosure List Federal Homes List HUD Foreclosures ... Foreclosure Listings Foreclosed Homes Forclosed ...
http://www.fastmortgagesonline.com/

3. Top 10 Real-Estate-Guide Sites - Tips on buying foreclosures, Mortgage loan,...
... chappaqua acreage foreclosed homes manhattan ... springs window state tx us condos manhattan mt ... dit computers dese hud homes condominiums ct ... new haven register longview community college ...
http://www.getpaidtosurve ...state-listings-64.htm

4. U S L A N D R U S H . C O M has land for sale, real estate listings for sale...
... Auctioneers Land Financing Foreclosed & REO's Land Government ... TX League , TX Lewisville, TX Longview, TX Lubbock, TX McAllen, TX ... TX York Town, TX Zapata, TX Featured Homes in TX. ID#: TXHOU1 ...
http://www.uslandrush.com ....php?propertystate=tx

5. Austin Austin Texas Realtors - East Coast
... listings of foreclosed, tax lien, and ... > texas real estate, tx - america real estate ... Dallas ... Texas Homes - NUMBER1EXPERTS Sell ... East Texas , Tyler-Longview-Athens ... Metro ...
http://www.cpaustin.com/A ...Realtors - East Coast

6. Soundfront Real Estate South Carolina
... Foreclosure List Foreclosed Homes Lists ... estate south carolina ? tx real estate ... Vacation Rentals ... homes, condominiums, real ... s.c. Real Estate Longview Real Estate Smyrna ...
http://www.ncwrealestate. ...lestatesouthcarolina/

7. Real Estate - Homes Realestate Homes Realestate
... fsbo. List of foreclosures, forclosures and foreclosed homes in all 50 House.info FREE USA Real ... ... Real Estate East TX Realestate Homes Farms Ranches Texas, Real Estate, Tyler, Longview, Nacogdoches ...
http://real-estate.gr8finds.com/homesrealestate/

8. antonio home lease option san texas
... public investors of a Longview company - have ... & Texas hill country homes for sale. ... www ... antonio land open san tx antonio finder land san ... antonio auction foreclosed land san house for ...
http://www.sanantonioreal ... option san texas.php

9. eBay - texas, texas Residential items on eBay.com
... Any Existing Homes Foreclosed Homes New Homes ... FORECLOSURES NEAR DALLAS TX - $0.01 Pickup only ... Texas - Home Houses Homes for Sale or Rent all ... 30 minutes to Tyler & Longview $42,000.00 Pickup ...
http://realestate.search. ...QQfsopZ2QQsacatZ12605

10. The First Time Home Buyer Question Center
... Florida Nursing Home Negligence Lawyers Flower Mound Homes For Sale Forclosed Home Search Foreclosed Homes Free Listing Foreclosed Homes In Michigan Foreclosed Homes Pasco Florida Foreclosure ...
http://home-9.home577.com/

11. Homes - Prefab Homes In Wisconsin
... Click a category below: Foreclosures And Hud Homes In Northern Michigan Modular Homes Nh Foreclosed Homes In Longview Tx Home Bar Signsguitar Bar Custom Luxury Home Plans Mortgage Loan Refinance Home ...
http://www.expresshomeson ...mes_in_wisconsin.html

12. Foreclosed Houses for sale in TX Rent to own Houses for sale in TX Houses fo...
... Lone Oak Lone Star Long Branch Long Mott Longview Loop Lopeno Loraine Lorena Lorenzo Los Ebanos ... ... Lowake Lozano foreclosed homes for sale Houses and Homes for sale and rent in Dallas TX, Houston TX ...
http://rentownsolutions.com/tx.htm

13. Texas Home Foreclosures & TX Foreclosure Homes - Texas Repo Homes TX - Forcl...
... is where to find these TX repo homes. Lists of ... purchase your first foreclosed property. We have ... HERE for Texas repo homes Texas Home ... Long Branch Long Mott Longview Loop Lopeno Loraine ...
http://www.americaforeclo ...exas_foreclosures.asp

14. Sell Home Marshall
... York Foreclosures Foreclosed Home Search Greene ... Estate Classifieds - Homes For Sale - Classifi ... in El Paso, Texas - TX ... Condominiums in El ... one of ... ... Laredo Longview Lubbock McAllen ...
http://www.ibuysellhomes. ...nia/SellHomeMarshall/

15. Texas Real Estate
... has information on dallas homes. About texas+ darlas homed ... on dallas real estate brokers. tx and details of cannot be texas ... best thing about flatonia. longview flatonai search. texas ...
http://texas.real-estatehomesonline.com/

16. foreclosed homes in longview tx online resources
... Boats. Homes and More. Government and police auctions online, even the hard to find ones. Instant access. Here's four of our most visited auction links: What kinds of properties do most autions sell ...
http://www.information-ma ...es-in-longview-tx.php

17. Homes for sale in coral springs florida
... for sale sale of foreclosed homes aspirin ... homes for sale in plano tx peach princess pc game ... computer system check homes for sale in quincy ... home for sale in longview washington for sale ...
http://homes-for-sale-in- ...florida.pa.lebork.pl/

18. Canyon Lake Real Estate Homes property and land for sale
... texas acreage foreclosed houston tx acreage ... texas acreage lots and homes houston texas acreage ... for sale in austin,tx acreages for sale in ... acres for sale around longview, tx acres for sale ...
http://www.texas-real-est ...ntactcity=Canyon Lake

19. Jamaica Vacation Package - SPEND SPRING BREAK IN JAMAICA
... LA Lansing, MI Lexington, KY Longview, OR Los Angeles, CA ... Palm Beach, FL Wichita Falls, TX Wilmington, DE Worcester, MA ... Quote - Lausanne Hotels - Foreclosed Homes in California ...
http://www.tropicaltravel ...amaica/vacation/2795/

20. Best_Links_to_Estate
... taylors estate agents tx real estate estate ... estate real estate homes ct real estate dallas ... frank cluttons foreclosed hervey chester ... Houston Kingsville LONGVIEW Laredo Lubbock ...
http://www.connect-you-to ..._links_to_estate.html

21. austin foreclosure at The Foreclosure Palace
... public records foreclosed homes realty ... county sheriff's dept longview foreclosure, 405th ... hud homes appraiser 247th austin ... voter registration tx milwaukee subsidence ...
http://www.idealrecords.com/austin_foreclosure/

22. foreclosure real estate mount vernon wa
... OK OR PA RI SC SD TN TX UT VA VT WA DC WI WV WY ... sale, a ... HUD and foreclosed real estate and ... Also see local new homes, foreclosure real ... real-estate.html 20.Longview Washington ...
http://www.lahousebuyers. ...lestatemountvernonwa/

23. Commercial Realestate Niagara - The best commercial products, sites and info...
... Houses For Sale, Cheap Houses, Foreclosed Homes, Repo Homes, Bank Forclosures, Forclosed Home ... ... listing) Entrepreneur Business: Longview Marshall Texas TX Business For Sale 24 ...
http://commercial.findast ...al-realestate-niagara

24. Real Estate - Scott Real Estate
... estate agent in Midland, TX with Virtual Tours on ... Homes for sale in Longview, Kelso, Kalama ... Search online for homes in Ashland, Talent ... Government Foreclosed Home Foreclosure ...
http://www.dqrealestate.com/scottrealestate/

25. Repossed Moble Homes - Debt Consolidation In The Houston Texas Tx Manufactur...
... in the houston texas tx area online. and ... directory for foreclosed homes. forclosures ... repossed manufactured homes for sale Houses real ... t moble for sale in longview washington ...
http://repossed-moble-homes.reposecrets.com/

26. east texas home results by www.deepeasttexasnature.com
... you need for San Antonio, TX and surrounding areas. Search ... com Texas Foreclosed Homes Search for real estate ... Real Estate University Longview Home Purchase Relocation ...
http://www.deepeasttexasn ...texasnature.com&cat=1

27. Real Estate Directory of Real Estate Agents - Washington Real Estate Agents
... Washington State Foreclosed Homes Search for ... 273-5573 Shelton Land & Homes -Shelton- (360) 426 ... Kennewick, Kirkland, Longview, Olympia, Pasco ... OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV ...
http://www.agentsrealesta ...estate/washington.php

28. Trailers 13
... & Government Foreclosed Homes Bank Foreclosure In ... at RealtyTrac - your Foreclosed Home Specialists ... forclosures in orange tx The largest access to ... bank owned in texas longview Search for ...
http://www.mobile-home-pa ...find/trailers-13.html

29. Texas TX Homes - Information and Links
... homes for sale houston, tx mcallen, tx homes foreclosed homes in mckinney, tx harker heights, tx ... ... tx new homes in copperas cove , tx homes for sale longview, tx rental homes in houston, tx ...
http://www.homebuyers-choice.net/index-141.html

30. Houston-Sugar Land-Baytown Market Report: Housing
... Fort Hood Laredo Longview Lubbock McAllen ... off the market. Foreclosed homes that are in ... ago. The most expensive homes were in San Francisco ... see http://www.tdi.state.tx.us/commish/storms/index ...
http://www.recenter.tamu. ...rts/HoustonSLBay2.asp

31. tyler texas results by www.21stcenturyalliance.com
... to you 24/7. www.mafcresidential.com Find Foreclosed Homes Search over 500,000 foreclosure, auction ... ... Tyler Texas Real Estate Texas College Tyler Tx Longview Texas Homes Search Tyler Real Estate Texas ...
http://www.21stcenturyall ...uryalliance.com&cat=1

Other Results for foreclosed homes in longview tx
repo homes
the foreclosure summit
va repos
foreclosure lawyer fort worth
las vegas forclosure
boat repo
hud repos
foreclosure world
florida foreclosures
foreclosure lists
foreclosure list
foreclosure lawyer denton
houston foreclosures
investing in pre foreclosures
repo depo
deed in lieu of foreclosure
georgia foreclosures
repo manufactured homes
real estate forclosures
free forclosure listings
bank repo
repo truck
foreclosure options
house foreclosures
stop home foreclosure

Research Links