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Pay Less for Your Dream Home: Check Out Our Free Foreclosure List

Introduction: Why is buying off market and distressed real estate so popular in Miami?

Considering buying foreclosure properties? Since most foreclosures are not easily located online without experience you should find an experienced real estate agent that specializes in helping buyers find the best deals which can save you big bucks! My name is James Ruff and I have over 30 years of experience resulting in expert knowledge in multiple real estate market including the ultra competitive NYC real estate market and NY’s southern satellite found in none other than the Miami real estate market. When working with us as a buyer you can have access to deals you won’t find elsewhere.

Buying off market and distressed real estate can be a great way to get the best deals when you purchase real estate. When hiring your own agent to assist you in the buying process you’ll want to choose a team that can guide you through the hunting, negotiation, due diligence and transaction processes.

With the help of a seasoned professional, like the experienced real estate agents found at The James Ruff Group real estate brokerage you can succeed in buying a foreclosed home, by getting access to reo properties and reo sales in addition to other off-market real estate for sale.

Working with an experienced broker will ensure that buyers do not miss out on opportunities or leave money on the table when purchasing a home. Do you know the questions you should ask an agent before you hire them?

My agents and I at The James Ruff Group has extensive knowledge and understanding of how to buy real estate in the foreclosure process, how to buy distressed real estate, how to invest in fixer upper homes and non-performing notes (NPNs), how to purchase multi-family distress properties, how to acquire bulk REO packages, how to buy from absentee owners or vacancy lists, how to take advantage of probate leads or heirship leads, how to maximize profits with land flips and how to buy seller-financed deals while also guiding you through the process of how to buy off market homes in Miami or NYC. With The James Ruff Group’s experience and expertise in the NYC and Miami real estate markets, buyers can be confident that they will get the best deal on a home through off market and distressed real estate opportunities.

At The James Ruff Group we understand how important it is for buyers to get the best deal when purchasing a home and we are here to provide that opportunity. We understand how certain properties may be difficult to sell due to repairs needed or other issues and how these properties can present a great opportunity to buyers to purchase a property at a discounted price. We also understand how location arbitrage can be utilized when buying in one market and selling in another and how this process can help buyers increase their profits significantly.

We are here to provide our clients with the best opportunities available in the NYC and Miami real estate market. With our 30 years of experience, we have the knowledge and expertise needed to ensure that buyers get the best deal on a home through off market and distressed real estate opportunities. Let us show you how you can get the most out of your next real estate purchase by taking advantage of these great opportunities! Contact us today to learn more about how you can benefit from properties or off market and distressed real estate opportunities.

Where can I find off-market real estate?

Working with an experienced real estate agent that specialized in off market and hard to find deals is the fastest and easiest way to supercharge your buying power and find deals not easily found, or impossible to find elsewhere.

Get your free foreclosure sale list, other off-market real estate and hard to find properties.

What types distressed assets are available for the savvy buyer? 

Foreclosure

A foreclosure occurs when a homeowner is unable to make their mortgage payments, and the lender takes possession of the property. These properties are often sold at a significant discount, making them a great opportunity for buyers looking for a deal.

Pre-foreclosure

Pre-foreclosure properties, also known as “Notice of Default” or NOD, are properties that are in the process of foreclosure but have not yet been taken back by the lender. These properties can also be a great deal, as homeowners may be willing to unload the property for less than market value in order to avoid foreclosure especially if you can pay cash due to enhanced speed of the transaction without the delays caused by lending.

Distressed Assets

Distressed assets refer to any type of real estate that is in need of repairs or has other issues that make it difficult to sell. These properties can be a great opportunity for buyers looking for a fixer-upper or a property to flip and with the right guidance you can take advantage of specialized loan products that will allow you to make all-cash offers, and borrow based on a percentage of the improvement value of the home instead of the current value!

Probate Sales

Probate sales occur when a parcel is sold as part of the probate process after the owner has passed away. These sales can be a great opportunity for buyers looking for a deal, as the property may be sold for less than what some would consider fair market.

Tax Deed Auctions

Tax deed auctions occur when real estate is sold to pay off unpaid taxes. These properties can be a great opportunity for buyers, as they are often sold for less than market value.

Foreclosures

Foreclosure sales refer to properties that have been taken back by the lender due to the homeowner’s inability to make their mortgage payments. These properties are often sold at a foreclosure auction at a significantly marked down price, making them a great opportunity for buyers looking for a good deal.

Short Sales

What’s the difference between a short sale, foreclosed properties, and pre-foreclosed properties?

A short sale is a real estate transaction where the seller’s mortgage lender agrees to accept a payoff of an outstanding loan balance for less than what is owed. A foreclosure process is initiated when a homeowner fails to make their mortgage payments and the bank takes legal action to repossess the home. A pre-foreclosure property refers to homes in which the owners are in default, but not yet in foreclosure. The pre-foreclosure period offers buyers an opportunity to purchase a property before the bank takes possession potentially presenting a good deal for patient and experienced buyers.

Short sales can present opportunities to buyers looking for deals as they may be able to purchase the home at an attractive price and avoid the time consuming process of dealing with a foreclosure. However, buyers should be aware that short sales may take longer to complete as the seller’s mortgage lender must approve the sale. Additionally, buyers will likely not receive any information on how much the seller owes on their loan and how much the bank may be willing to accept in a short sale transaction.

It’s important to note that while many people over simplify the process of buying a short sale, they often neglect to voice the challenge presented in short sales by mortgage banks. Often times the mortgage lender pulls properties off the market and are done move forward with a transaction even after a would-be buyer has invested significant amounts of time into the process of trying to purchase the target property.

Estate Sales

Estate sales occur when an asset is sold as part of the estate of a deceased person. These properties can be a great opportunity for buyers looking for a deal, as the property may be sold for less than fair value.

Pre-Foreclosure Properties (also known as ‘Notice of Default’ or NOD)

Pre-foreclosure properties are properties that are in the process of foreclosure but have not yet been taken back by the lender or put up for foreclosure auction, yet. This is not the same as buying a foreclosed home and can provide you much greater leverage than if you wait until the property is foreclosed upon.

These properties can be a great opportunity for buyers looking for a deal, as homeowners may be willing to sell the parcel or unit for less than market value in order to avoid foreclosure. Timing is critical if you plan to take advantage of the opportunities presented by a pre-foreclosure.

Bank Owned Properties (also known as REO or Real Estate Owned)

Bank-owned properties are foreclosed homes and foreclosed properties that have been taken back by the lender due to the homeowner’s inability to make their mortgage payments resulting in a foreclosure sale. This type of foreclosed property is often sold at a significant discount, making them a great opportunity for buyers looking for a deal.

Get your free foreclosure sale list, other off-market real estate and hard to find properties.

Abandoned Properties

Abandoned properties are properties that have been vacant for an extended period of time and are no longer being maintained by the owner. These properties can be a great opportunity for buyers looking for a fixer-upper or a house to flip.

Investment Pools

Investment pools refer to groups of investors who pool their resources to purchase properties. These can be a great opportunity for buyers looking to get into real estate investing without the high cost of purchasing a property on their own.

Wholesale Deals

Wholesale deals refer to properties that are sold at a discounted asking price to investors, who then turn around and resell the property for a profit. These deals can be a great opportunity for buyers looking to enter the real estate market.

HUD Homes

HUD homes are properties that have been owned by the Department of Housing and Urban Development (HUD) due to foreclosure on a federally-insured mortgage. These properties are often sold at a discounted price, making them a great opportunity for buyers.

VA Foreclosures

VA foreclosures refer to properties that have been taken back by the Department of Veterans Affairs (VA) due to foreclosure on a VA-backed mortgage. These properties are often sold at a discounted price, making them a great opportunity for buyers.

Fannie Mae and Freddie Mac Homes

Fannie Mae and Freddie Mac homes are properties that have been taken back by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) due to foreclosure on a conforming loan. These properties are often sold at a discounted price, making them a great opportunity for buyers.

Get your free foreclosure sale list, other off-market real estate and hard to find properties.

Pre-Auction Sales (also known as ‘preforeclosure sales’)

Pre-auction sales are sales that occur before a property is set to be auctioned off. These sales can be a great opportunity for buyers looking for a deal, as the homeowner may be willing to sell the real estate for less than they could had the acted sooner in order to avoid foreclosure.

Creative Financing Options

Creative financing options refer to alternative methods of financing a property, such as owner financing or lease-to-own agreements. These options can be a great way for buyers to purchase a property when traditional financing options may not be available.

Subject To Deals (also known as “taking over the payments”)

Subject to deals refer to properties that are sold with the existing mortgage “subject to” the terms of the current mortgage. These deals can be a great opportunity for buyers looking to purchase a property with less money down.

Land Contracts/Contract for Deed/Installment Sales Contract

Land contracts, contract for deed, and installment sales contract are alternative financing methods where the buyer makes payments directly to the seller instead of a mortgage lender. These options can be a great way for buyers to purchase a property when traditional financing options may not be available.

Wraparound Mortgages

Wraparound mortgages refer to a type of financing where the buyer takes over the payments on the existing mortgage and the seller continues to make the payments to the lender. A home purchase deal done in this way can be a great opportunity for buyers looking to purchase a property with less money down.

Simultaneous Closings (aka “Double Closings”)

Simultaneous closings, also known as “double closings,” refer to the process of closing on a property and then immediately reselling it. These deals can be a great opportunity for buyers looking to enter the real estate market.

Absentee Owners

Absentee owners refer to property owners who do not live in the property and may be more willing to sell at a discounted price. These properties can be a great opportunity for buyers looking for a deal.

Divorce Sales

Divorce sales refer to properties that are sold as part of a divorce settlement. These properties can be a great opportunity for buyers looking for a deal, as the property may be sold for a bargain.

Probate Leads

Probate leads refer to properties that may be sold as part of a probate process after the owner has passed away. These leads can be a great opportunity for buyers looking for a deal, as the property may be sold for less than a a typical home on the market.

Fire Damaged Properties

Fire damaged properties refer to properties that have been damaged by fire and may be sold at a discounted price. These properties can be a great opportunity for buyers looking for a fixer-upper or a property to flip.

Get your free foreclosure sale list, other off-market real estate and hard to find properties.

Fixer Upper Homes

Fixer upper homes refer to properties that are in need of basic or extensive repairs and may be sold at a discounted price. These properties can be a great opportunity for buyers looking for a fixer-upper or a property to flip.

Non-Performing Notes (NPNs) and REO Note Deals

Non-performing notes (NPNs) and REO note deals refer to the purchase of mortgage notes that are in default or foreclosed properties that are owned by the lender. These deals can be a great opportunity for buyers looking to enter the realty market.

Distressed Multi-Family Properties

Distressed multi-family properties refer to multi-unit properties that are in need of repairs or have other issues that make them difficult to sell. These properties can be a great opportunity for buyers looking for a fixer-upper or a property to flip.

Bulk REO Packages

Bulk REO packages refer to the purchase of multiple properties that are owned by the lender in a single transaction. These deals can be a great opportunity for buyers looking to enter the real estate market.

Absentee Owners (also known as “Vacancy Lists”)

Absentee owners, also known as “vacancy lists,” refer to property owners who do not live in the property and may be more willing to sell at a discounted price. These properties can be a great opportunity for buyers looking for a deal.

Probate Leads (also known as “heirship leads”)

Probate leads, also known as “heirship leads,” refer to properties that may be sold as part of a probate process after the owner has passed away. These leads can be a great opportunity for buyers looking for a deal, as the property may be sold for less than market value.

Land Flips

Land flips refer to the process of purchasing land at a discounted price and then reselling it for a profit. These deals can be a great opportunity for buyers looking to enter the real asset market.

Seller Financed Deals (aka owner financed or seller carry back loans)

Seller financed deals, also known as owner financed or seller carry back loans, refer to properties that are financed by the seller instead of a traditional lender. These deals can be a great opportunity for buyers looking to purchase a property when traditional financing options may not be available.

Location Arbitrage:

Buying in One Market and Selling in Another (i.e., moving a house to a higher-priced market)

Location arbitrage refers to the process of buying a property in one market and reselling it in another market for a profit. This strategy can be a great opportunity for buyers looking to enter the real estate market.

James Ruff owner and principal broker of The James Ruff Group LLC a licensed real estate broker

Conclusion

In conclusion, whether you are looking to purchase an off market home, off market multi-family property, or off-market commercial property like hotels, commercial lots, industrial lots, or warehouses, through processes such as foreclosures, pre-foreclosures, or simply buying off market real estate via private sales ,and distressed assets in Miami and NYC, can be a great way to find deals on your dream home or real estate investment. Provided you qualify, our team can help you achieve a fully underwritten pre-approval letter that is as good as cash to help empower you to achieve your real estate goals. With so many opportunities available, it’s important to do your research and work with a professional to find the right property for you. With the right strategy, you can pay less for your dream home and start building equity in your favorite real estate market. If you’re looking to purchase in NYC or Miami, you deserve the best, and we will help you build your wealth, security and happiness through quality real estate guidance.

Contact us today for more information or feel free to schedule an appointment so can get the professional expertise you should and live a prosperous life.

Get your free foreclosure sale list, other off-market real estate and hard to find properties.

Book an appointment with James Ruff Principal Broker of The James Ruff Group LLC real estate firmThe James Ruff Group LLC licensed real estate broker NY, FL, MA

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The James Ruff Group LLC Privacy Policy

 

We are committed to respecting your right to privacy and protecting your information when you visit or use our services.

This privacy policy also describes the choices available to you regarding our use of your personal information and how you can access and update this information.

We want you to understand what information we gather about you, how we use it and the safeguards we have in place to protect it. This Privacy Policy applies to information collected through this website and otherwise. Your use of this website and our services, and any disputes arising from it, is subject to this Privacy Policy as well as the Terms of Use and all its dispute resolution provisions, including arbitration, limitation on damages and choice of law.

This website is a general audience site and we do not knowingly collect personal information from children under the age of 13.

If you have questions or concerns regarding this policy, you should first contact us at info@thejamesruffgroup.com

Email and Email Addresses
We collect your email address when you provide it to us through our website or when you sign up for our blog. We will never sell your email address. We will only use your address to communicate with you regarding the servicing of your accounts or to make you aware of products and services that may be of interest to you.

When you send The James Ruff Group an email, we may retain your message and our response for quality assurance purposes. It is important to remember that regular (non-encrypted) email is not secure.

Online Forms
We collect information from you when you fill out an online form. All online forms are subject to the same policy we have on email.

Planning Tools and Calculators
Information that you input on the web site while using any of our planning tools and calculators is not captured, stored or used in any way other than to provide you with the information you’re looking for at the time you use the tool or calculator. These calculators were built only for the purpose of helping you understand your financial options, enabling you to explore various scenarios and “what if” calculations for items like loan payments, retirement and education planning.

“Cookies”
We may use cookies and other online tracking devices. Cookies are small text files that a website’s server places on your computer. The cookies provide a means for websites that you visit to track browsing activities conducted with your computer. This includes information such as pages and content viewed, the time and duration of visits, search queries entered into search engines, and whether a computer user clicked on an advertisement. Cookies make the personalization of your web experiences possible and can also be used to retain data related to a particular browser such as items in online shopping carts.

There are other devices for tracking online activity including web beacons. A web beacon is a small string of software code that represents a graphic image on a website or in email. Web beacons can be used for many purposes – including website traffic reporting, unique visitor counts, advertising/auditing/reporting, and personalization of a website.

Working with Other Companies
From time to time, our partners may establish a relationship with other partners on the Internet to provide you with additional value and new products we may not offer ourselves. In these circumstances, we will treat information you provide us in the same manner described in our Privacy Policy. Our partner website may offer access to other sites either through the use of hyperlinks. In some cases, the other site will also collect information from you. Please review the privacy policies of these third parties prior to providing any information to them when you link to their web site.

 

  1. Collection and Use of Your Personal Information

We collect Personal Information from you only when you voluntarily submit it in order to obtain certain information, including without limitation (A) requests to find out more about our programs; (B) requests to contact us; and (C) requests to forward your information to one of our affiliates.

We honor all “do not track” requests and settings. If you use any signal(s) or other mechanism(s) that provides you the ability to exercise choice regarding the collection of personally identifiable information about your online activities over time and across third-party websites or online services, we will not attempt to override such signals or mechanisms, nor will we track your use of any such signal or mechanism. When you use our website, no other parties can collect personally identifiable information about your online activities over time and across different websites. Your choice is indicated by your settings in your web browser. A “do not track” indication sent from your web browser will result in any tracking activity (i.e., tracking cookies) within the website to be programmatically disabled.

We collect the following personal information from you:

  • Contact Information such as name, email address, mailing address, and phone number

We use this information to:

  • Send you requested product or service information
  • Respond to customer service requests
  • Administer your account
  • Send you a newsletter
  • Send you marketing communications
  • Improve our Web site and marketing efforts
  • Conduct research and analysis
  • Display content based upon your interests

By clicking the Submit button, you agree to have your information shared with us and for us to contact you via telephone, mobile phone (including through automated dialing, text SMS/MMS, or pre-recorded messaging) and/or email, even if your telephone number is on a corporate, state, or the National Do Not Call Registry, and you agree to our Privacy Policy.

Special Notice to California Residents. If you are a resident of California, in addition to the rights set forth in this Privacy Policy:

  1. We will not share any personal information about you to the extent prohibited by applicable California law or to the extent your prior consent to share is required by applicable California law; and
  2. You have the right to request information from us regarding the manner in which we share certain categories of information with third parties for their direct marketing purposes. California law gives you the right to send us a request at a designated address to receive the following information
  • 1.1. the categories of information we disclosed to third parties for their direct marketing purposes during the preceding calendar year
  • 1.2. the names and addresses of the third parties that received that information; and
  • 1.3. if the nature of the third party’s business cannot be determined from their name, examples of the products or services marketed.

The rights of Users

We adopt this Notice to comply with the California Consumer Privacy Act of 2018 (CCPA). Any terms defined in the CCPA have the same meaning when used in this Notice.

Users may exercise certain rights regarding their Data processed by the Owner.

In particular, Users have the right to do the following:

  • Withdraw their consent at any time. Users have the right to withdraw consent where they have previously given their consent to the processing of their Personal Data.
  • Object to processing of their Data. Users have the right to object to the processing of their Data if the processing is carried out on a legal basis other than consent. Further details are provided in the dedicated section below.
  • Access their Data. Users have the right to learn if Data is being processed by the Owner, obtain disclosure regarding certain aspects of the processing and obtain a copy of the Data undergoing processing.
  • Verify and seek rectification. Users have the right to verify the accuracy of their Data and ask for it to be updated or corrected.
  • Restrict the processing of their Data. Restrict the processing of their Data. Users have the right, under certain circumstances, to restrict the processing of their Data. In this case, the Owner will not process their Data for any purpose other than storing it.
  • Have their Personal Data deleted or otherwise removed. Users have the right, under certain circumstances, to obtain the erasure of their Data from the Owner.
  • Receive their Data and have it transferred to another controller. Users have the right to receive their Data in a structured, commonly used and machine readable format and, if technically feasible, to have it transmitted to another controller without any hindrance. This provision is applicable provided that the Data is processed by automated means and that the processing is based on the User’s consent, on a contract which the User is part of or on pre-contractual obligations thereof.
  • Lodge a complaint. Users have the right to bring a claim before their competent data protection authority.

Details about the right to object to processing

Where Personal Data is processed for a public interest, in the exercise of an official authority vested in the Owner or for the purposes of the legitimate interests pursued by the Owner, Users may object to such processing by providing a ground related to their particular situation to justify the objection.

Users must know that, however, should their Personal Data be processed for direct marketing purposes, they can object to that processing at any time without providing any justification. To learn, whether the Owner is processing Personal Data for direct marketing purposes, Users may refer to the relevant sections of this document.

How to exercise these rights

Any requests to exercise User rights can be directed to the Owner through the contact details provided in this document. These requests can be exercised free of charge and will be addressed by the Owner as early as possible and always within one month.

We may provide this information in a standardized format that is not specific to you. The designated email address for these requests is support@ylopo.com

Consent to Receiving Emails, Auto-Dialing & Auto-Texting:

By registering, you are giving us and our professional real estate clients and advertisers permission to contact you via text message, email, or telephone using the email address and/or telephone number that you have provided during the registration process. Such contact may, from time to time, include attempts to contact you via auto-dialing or auto-texting technology. You may opt out of receiving these forms of communication by unsubscribing from any email communication or texting STOP as a reply to one of our text communications. There is no fee charged by us or its advertisers to receive text messages, however, your mobile service provider may charge you for sending and/or receiving text messages and air-time, as well as any other standard applicable rates charged by your mobile service provider.

Information Sharing

We will share your personal information with third parties, including with one of the participating lenders associated with this site, only in the ways that are described in this Privacy Statement. We may provide your personal information to companies that provide services to help us with our business activities such as offering customer service. These companies are authorized to use your personal information as is necessary to provide these services to you.

We may also disclose your personal information:

  • As required by law such as to comply with a subpoena, or similar legal process.
  • When we believe in good faith that disclosure is necessary to protect our rights, protect your safety or the safety of others, investigate fraud or respond to a government request,
  • To any other third party with your prior consent to do so.
  • We may share your personal information with other companies so that they can market their products or services to you. If you do not want us to share your personal information with these companies, contact our website vendor and advertising provider at support@ylopo.com

Cookies and Other Tracking Technologies

We may use cookies, for example, to keep track of your preferences and profile information. Cookies are also used to collect general usage and volume statistical information that does not include personal information.

We may use another company to place cookies on your computer to collect non-personally identifiable information to compile aggregated statistics for us about visitors to our site.

Links to Other Web Sites

Our Site includes links to other Websites whose privacy practices may differ from ours. If you submit personal information to any of those sites, your information is governed by their privacy policy statements. We encourage you to carefully read the privacy statement of any Web site you visit.

Security

The security of your personal information is important to us. We follow generally accepted industry standards to protect the personal information submitted to us, both during transmission and once we receive it. No method of transmission over the internet, or method of electronic storage is 100% secure, however. Therefore, we cannot guarantee its absolute security. If you have any questions about the security of our Web site, you can contact our website and advertising provider support@ylopo.com

Additional Policy Information

Our Web site includes Widgets, which are interactive mini-programs that run on our site to provide specific services from another company (e.g. displaying the news, opinions, music, etc.). Personal information, such as your email address, may be collected through the Widget. Cookies may also be set by the Widget to enable it to function properly. Information collected by this Widget is governed by the privacy policy of the company that created it.

Our Web site offers publicly accessible blogs, social media, or community forums such as Facebook, Twitter, or Google Plus. You should be aware that any information you provide in these areas may be read, collected, and used by others who access them.

Visiting our Websites From Outside the United States.

This Privacy Policy is intended to cover collection of information on our websites from residents of the United States. If you are visiting our websites from outside the United States, please be aware that your information may be transferred to, stored and processed in the United States where our servers are located and our central database is operated. The data protection and other laws of the United States and other countries might not be as comprehensive as those in your country. By using our services, you understand that your information may be transferred to our facilities and those third parties with whom we share it as described in this Privacy Policy.

No Rights of Third Parties.

This Privacy Policy does not create rights enforceable by third parties or require disclosure of any personal information relating to users of our websites.

Notification of Privacy Policy Statement Changes

We may update this privacy statement to reflect changes to our information practices or changes in regulations governing privacy. If we make any material changes we will notify you by email (sent to the email address specified in your account) or by means of a notice on this Site prior to the change becoming effective. We encourage you to periodically review this page for the latest information on our privacy practices.

This Privacy Policy was last revised on October 1, 2022. We reserve the right to modify or amend this policy at any time by posting the revised Privacy Policy on the website.

At The James Ruff Group, we respect your privacy.

If you have questions regarding our Privacy Policy, please email us at info@thejamesruffgroup.com. We hope you enjoy our site!