free foreclosure listing in ny

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 free foreclosure listing in ny

1. Listing Free Foreclosure Houston
... Open new window bottom taskbar Foreclosure free listing ny Homepage of Foreclosure free listing ny. Home. government foreclosure listing both free government foreclosure listing into foreclosure ...
http://www.foreclosure-li ...eclosure-houston.html

2. Foreclosure Government Home - free listing for foreclosure house foreclosure...
Foreclosure Government Home - free listing for foreclosure house foreclosure free listing ny forsyth county georgia foreclosure dallas foreclosure home tx foreclosure free search com central florida ...
http://www.stripedhat.com ..._government_home.html

3. Unique Real Estate Foreclosures and MLS
... south florida mls orange county ny. To can you believe that for ... net lift the tampa florida mls listing wrote. For at tomorrow just ... seven hard to beat. To foreclosure free listing pre and soon you ...
http://www.condo-miami.co ...=florida&arizona=real

4. Hud Home Ny - ** Hud Home Ny Selling House Condo MLS Cornwall Hud NY
... ny.us; Wten, albany, ny: hud listing in nj foreclosure free listing ny foreclosure listing las vegas free hud foreclosure listing http://munex.arme.cornell.edu/groton. ithaca, ny, city of Hud home hud ...
http://hud-home-ny.reposecrets.com/

5. The Foreclosure prevention loans no equity with foreclosure guides and direc...
... nj goverment foreclosures free bank foreclosure listing sarasota foreclosures foreclosure ... ... foreclosures pa. Florida bank foreclosure foreclosures in watertown%2c ny houston land tax ...
http://foreclosure-preven ...ty.zuza.polkowice.pl/

6. The Foreclosure list illinois with Understanding Foreclosures and foreclosur...
... fha foreclosure. Free listing foreclosure charlotte ... texas land foreclosures free search foreclosures %27pasco ... wisconsin foreclosure law foreclosures in watertown%2c ny stop ...
http://foreclosure-list-i ...is.zuza.polkowice.pl/

7. The Buying foreclosures with real estate foreclosure listings and find homes...
... find foreclosure lists michigan land foreclosure free search foreclosures foreclosure in illinois ... ... listing pinal county foreclosure stop foreclosure foreclosure bailout foreclosures in watertown%2c ny ...
http://buying-foreclosures.zuza.polkowice.pl/

8. Ocean Front International Real Estate Index 64
... foreclosure san diego foreclosure real estate ebay estate foreclosure real estate foreclosure ny real free listing foreclosure real estate new jersey real estate foreclosure virginia real estate ...
http://www.oceanfrontinte ..._estate_directory/64/

9. The Mobile home foreclosure with Foreclosure Home Listing and foreclosure fo...
... foreclosures in watertown%2c ny. Foreclosure illinois ... foreclosure list illinois free foreclosure list fha ... stop foreclosures now foreclosure listing free government ...
http://mobile-home-foreclosure.zuza.polkowice.pl/

10. REALLY FREE FORECLOSURE SEARCH -reo laws ohio, reo services nj, repo mobile ...
... homes auctioned how to get va foreclosure list free forclosures az foreclosed multi family homes in ... ... foreclosure home listing new jersey affluent georgia counties closing costs in orange county ny ...
http://foreclosure.daemon ...reclosure-search.html

11. The Va foreclosures with foreclosure listing site ratings and Foreclosure WO...
... foreclosures foreclosure homes denton free foreclosure listing deed in lieu of foreclosure foreclosure redemption loans. Foreclosures in watertown%2c ny. Foreclosure list free foreclosure sites ...
http://va-foreclosures.zuza.polkowice.pl/

12.
... hq.com Foreclosure Listing, Ny Realty, Ny Foreclosures, FREE Report Reveals Short sale training Secrets, Insider Secrets reveal how anyone can buy foreclosure home at 20%-60% below market. www ...
http://www.theforeclosure ...eeforeclosurelisting/

13. Dallas Foreclosure Stop Texas - bountiful foreclosure free government listin...
... c...rnia property foreclosure brooklyn foreclosure free home listing ny atlanta foreclosure listing 800 foreclosure help foreclosure free property florida foreclosure property tampa Home >> Fore ...
http://www.wctconline.com ...osure_stop_texas.html

14. The Free foreclosure listings with bank foreclosure illinois and Free Forecl...
... in alabama free listing of foreclosures ... foreclosure free countrywide home loan ... fast caribbean foreclosure foreclosures ... in watertown%2c ny brighton foreclosures ...
http://free-foreclosure-l ...gs.zuza.polkowice.pl/

15. news: salem virginia real estate companies
... real estate 2613 flintridge dr property management modesto ca remax preferred real estate oklahoma city ok corpus christi texas realty real estate marketing lists free foreclosure listing in ny imprint
http://www.sanne-net.de/s ...estate_companies.html

16. Florida writers fort myers
... job opportunities lutsen cabin rental free listing foreclosure homes ltc medicare certified staff ... ... in the athens olympics womens new balance 1122 ny times of ticonderoga mission furniture in north ...
http://florida-writers-fort-myers.ouzo.zagan.pl/

17. The Foreclosure home listing with House in Foreclosure and foreclosure preve...
... foreclosure and alameda foreclosures in watertown%2c ny foreclosure houses foreclosure solutions. foreclosures listings free foreclosure listing foreclosures made easy canada foreclosures canada ...
http://foreclosure-home-listing.zuza.polkowice.pl/

18. free listing foreclosure real estate
... real estate foreclosure free foreclosure listings ... estate foreclosure listing chicago richardson ... real estate foreclosure wisconsin real ... foreclosures binghamton ny real estate ...
http://www.lahousebuyers. ...oreclosurerealestate/

19. The Foreclosure listing service with Foreclosure Homes in Ellensburg Washing...
... Florida foreclosure listing of foreclosure free ... lists. Az foreclosure free bank foreclosure ... listings. Laws of foreclosure ohio foreclosures ... in watertown%2c ny fha loan and ...
http://foreclosure-listin ...ce.zuza.polkowice.pl/

20. free home foreclosure listing
... course home foreclosure in genesee county ny minneapolis foreclosure homes repo homes ... ... homes in lorain county bank foreclosure homes free government listing of foreclosure homes ...
http://www.marinoltd.com/ ...reclosure_listing.htm

21. The Foreclosure list free with gov foreclosures las vegas and foreclosure gu...
... free foreclosure listing foreclosures in watertown%2c ny avoid foreclosure tampa fl nc foreclosures government property foreclosures. Pre foreclosures pa stop foreclosure quick foreclosure houses ...
http://foreclosure-list-free.zuza.polkowice.pl/

22. free foreclosure listing at The Foreclosure Palace
... listing sales tx - foreclosure free listing missouri - foreclosure free listing nj - foreclosure free listing ny - foreclosure free listing online - foreclosure free listing pre - foreclosure free ...
http://www.idealrecords.c ..._foreclosure_listing/

23. The Foreclosure prevention minnesota with illinois foreclosure and avoid for...
... delaware foreclosure listing illinois free ... foreclosure avoiding foreclosure ezhouseseller.com ... government foreclosures free foreclosures veterans ... in watertown%2c ny property foreclosures ...
http://foreclosure-preven ...ta.zuza.polkowice.pl/

24. Foreclosure Free Hud Listing - countrywide home loan foreclosure free forecl...
Foreclosure Free Hud Listing - countrywide home loan foreclosure free foreclosure listing florida foreclosure government hud list va foreclosure listing ny free foreclosure property listing in tx ...
http://www.bringthenoise. ...free_hud_listing.html

25. Foreclosure Listing Las Vegas
... listing illinois free foreclosure listing in nj foreclosure free listing ny foreclosure listing las vegas free hud foreclosure listing free foreclosure listing in texas dallas ... [ Click To Open In ...
http://www.foreclosurepro ...elistinglasvegas.html

26. free foreclosure listings in ny
... only free multiple listing service. brighton ny owner in distress The area's Largest Foreclosure ... ... Foreclosure - Foreclosure Listing Ny Free ... Bank Forclosure Listings ... Foreclosure Listing Ny ...
http://www.bank-foreclosu ...e-listings-in-ny.html

27. The Government foreclosure with foreclosures maryland and Asset Management F...
... stop foreclosure foreclosures in watertown%2c ny jacksonville foreclosures new york state ... ... palm beach county foreclosures az foreclosure free listing foreclosure foreclosure questions ...
http://government-foreclosure.zuza.polkowice.pl/

28. The Foreclosure and checklist with foreclosure listing service and foreclosu...
... Pennsylvania foreclosure lists foreclosure listing knoxville tn foreclosures az foreclosure ... ... buying foreclosure free home foreclosures foreclosures in watertown%2c ny foreclosures ...
http://foreclosure-and-ch ...st.zuza.polkowice.pl/

29. Make $$ with foreclosure free search and get a great home for less too
... real estate vero beach real estate free foreclosure listing reo foreclosure mississippi real ... ... real estate terms miami real estate foreclosure canada Upstate Ny Real Estate listing foreclosure ...
http://www.servinglinecou ...osure_free_search.htm

30. - Foreclosure - free search property information listing
... listing 2 Foreclosure real estate listing ... Estate - GA 5 Get a free Mouse Pad - MOUSEPADS ... services directory 1 Listing of apartments ... 4 New York Real Estate - NY 6 New York Real Estate ...
http://www.real-estate-de ...formationlisting.html

31. Discover free listing foreclosure homes and legal forms real estate rental l...
... real estate for sale foreclosure investment real ... and option to purchase listing lease option property ... georgia lease option free legal forms lease ... lease option vehicles in ny state listings own rent ...
http://www.real-estate-in ...foreclosure-homes.htm

32. Pennsylvania medical malpractice attorneys
... san francisco homes for sale british columbia history map of long island ny female masks free foreclosure listing australia weather triple beam scale blackjack rules blackjack odds blood in ...
http://pennsylvania-medic ...montessorihelmond.nl/

33. The Round rock foreclosures with illinois foreclosure and find homes in pre ...
... real estate foreclosure sales foreclosure real estate foreclosures in watertown%2c ny mortgage foreclosure free listing of government foreclosures, fha loan and foreclosure foreclosure procedures ...
http://round-rock-foreclosures.zuza.polkowice.pl/

34. Avoid Foreclosure Tampa Fl - houston foreclosure listing service brooklyn fo...
Avoid Foreclosure Tampa Fl - houston foreclosure listing service brooklyn foreclosure free home listing ny free foreclosure listing pa minnesota foreclosure listing florida county foreclosure ...
http://www.nqlx.com/Keywo ...closure_tampa_fl.html

35. The Foreclosures florida with buying foreclosures and va foreclosure
... va foreclosures foreclosures in watertown%2c ny stop foreclosure foreclosure real estate ... ... on tax lien fha foreclosures free foreclosure search. Free listing of government foreclosures ...
http://foreclosures-florida.zuza.polkowice.pl/

36. The Absolute foreclosures with government foreclosure and mortgage foreclosures
... on buying foreclosures free listing of foreclosures ... in british columbia home foreclosure help simi valley ... foreclosures in watertown%2c ny fannie mae foreclosure ...
http://absolute-foreclosures.zuza.polkowice.pl/

37. The House foreclosure in illinois with bank foreclosure home and Steps of Fo...
... sites foreclosure in texas south carolina foreclosures free listing of foreclosures foreclosures in watertown%2c ny, florida foreclosure foreclosures in indiana foreclosure process. government ...
http://house-foreclosure- ...is.zuza.polkowice.pl/

Other Results for free foreclosure listing in ny
free websites for foreclosed homes
free list of foreclosures
government forclosures
fannie mae foreclosure
land foreclosures
avoid foreclosure
home foreclosure listings for md
free listing of foreclosed homes
free foreclosures
foreclosures in dolores co
forclosures in rancho cucamonga, ca
boat salvage auctions repos
free listing of government foreclosures
va forclosures
bank repo homes
foreclosure houses
bank forclosure in maryland
forclosure listings
va repo
realestate forclosures
government foreclosed homes
arizona foreclosures
rural housing usda foreclosure
free foreclosure bank list
foreclosure auction

Research Links