foreclosed property in olathe

Free access for 7-days, try it out! No strings, no contracts, no hassles and you can cancel at any time. Hurry! Foreclosures sell fast. Visit ForeclosureFreeSearch.com. With virtually every Bank, Government and Institutional Seller you will find your next investment waiting for you.
Search FORECLOSURES FREE For 7-Days!

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 property in olathe

1. Mortgage - Missouri Mortgage
... groups. Overland Park and Olathe, KS and Lee's Summit Missouri ... services for all 50 states. Foreclosed Homes and Foreclosures ... foreclosures and government property listings, books, resources ...
http://mortgage.loansmort ...nfo/missourimortgage/

2. Houses No Money Down In:
... what's owed on a soon-to-be-foreclosed property. To make any of ... hold the") is 70 percent of a property's projected "after-repair ... 29843 Houses No Money Down In Olathe CO, 81425 Houses No Money ...
http://www.houses-no-mone .../local/sitemap56.html

3. Kansas Mortgage
... apply for mortgage loans in Olathe and Johnson County, Kansas on ... Loan - Kansas investment property mortgage loan. Purchase or ... Kansas foreclosures and KS foreclosed homes. Search for available ...
http://www.studswap.com/megalink.php?ID=504

4. kansas city homes results by www.vicecityhome.com
... Free customized search of foreclosed homes in your area. Search ... Find community listings for Olathe, Overland Park, Roeland Park ... in your area and get property details, photos, location ...
http://www.vicecityhome.c ...icecityhome.com&cat=1

5. Lenexa Bankruptcy Lawyer | Kansas Chapter 7 and Chapter 13 Attorney
... that your house may be foreclosed? That your car may be ... the cities of Overland Park, Olathe, Kansas City, Independence ... bankruptcy law, such as which property remains exempt from ...
http://www.jameslusk.com/bankruptcy.shtml

6. 4. homes for sale
... co. charlotte carolina beach beaufort waterfront Index nc homes for sale new homes for sale count: 245 waterfront bern nc rightmove estate agents estate agent estate agency property properties houses ...
http://www.searchcharts.c ...y/homes_for_sale.html

7. Jack Murray Reference, ENFORCEMENT OF MULTISTATE MORTGAGES: QUESTIONS AND AN...
... the "fair value" of foreclosed item must be determined by ... market appraisal value of property at time of sale; issue of ... foreclosure proceeding); Olathe State Bank v. Mann, 17 Kan ...
http://www.firstam.com/fa ...st/jm-multistate.html

8. kansas city homes results by www.twincitieshomeinspection.com
http://www.twincitieshome ...einspection.com&cat=1

9. Real Estate - Missouri Real Estate
... Realtors. Foreclosures and Foreclosed homes in Missouri as ... and Sell Homes. Residential Property in the Kansas City Area ... Estate Kansas City Missouri Olathe - Relocations: Char ...
http://www.fbmrealestate.com/missourirealestate/

10. Portfolio Solutions Group > Home
... in February Missouri's total foreclosed residential properties ... in the building. Big Liberty Property office park nearly full Six ... Bank, officials from the Olathe-based thrift said Wednesday ...
http://www.askpsg.com/Home/tabid/36/Default.aspx

11. Topeka Investing - Online Tips Topeka Investing
... Kansas City Lawrence Olathe Overland Park Topeka Wichita ... Home Foreclosures-Foreclosed Properties and Houses For ... as well as investing in property, plant, marketing and ...
http://www.aaoinvesting.com/topekainvesting/

12. http://www.jocosheriff.org/Index.asp?incl=fs
... Numbers | 125 N. Cherry St. Olathe, Kansas 66061 913-791-5800 ... I get the addresses for the foreclosed homes? A: There are two ... you need the address of the property not the mailing address ...

13. Real Estate, Mortgages - Kansas
... Kansas City, Missouri, and Olathe. Search for listings. Get ... Looking for just the right property? Check here first! Buyer ... bankruptcy,save your credit,foreclosed property,rent 2 own ...
http://www.century21enmia ...ish/links/kansas.html

14. Kansas Real Estate For Sale By Owner Guide
... foreclosures and government foreclosed property listings. Search ... opportunities, commercial property, and other business ... KS ] SoldFast Properties - [ Olathe, KS ] byowner.com About Us ...
http://www.fsboguide.com/state/kansas.htm

15. NLRB Law Memo: October 2003 Archives
... No. 85) Olathe, KS Sept. 30, 2003. The Board affirmed the administrative law judge's findings that the Respondent violated Section 8(a)(1) of the Act in numerous respects, including calling the police
http://www.lawmemo.com/nl ...mo/2003/10/index.html

16. kansas city homes results by www.pearlcityelks.com
http://www.pearlcityelks. ...arlcityelks.com&cat=1

17. KANSAS - Top REALTORSÆ - Real Estate Agents - Homes For Sale
... Park Kansas Homes For Sale, Olathe Kansas Homes For Sale, Lenexa ... foreclosures, buy owner, foreclosed homes, foreclosure ... Real Estate Report. bulgarian property, bulgarian apartments ...
http://www.toprealtors.ne ...al-estate-agents.html

18. Forclosure homes in austin2c tx
... appears to have consisted property to the garment the dolling ... graphic used books websites olathe brush chipper list of ... ripper london us government foreclosed homes wholesale grommet ...
http://forclosure-homes-in-austin2c-tx.szc.sk/

19. North Carolina Real Estate - North Carolina Real Estate Foreclosure
... Free Foreclosure List Foreclosed Homes Lists ... Nationwide ... com Search for an agent or property in the US, Puerto Rico ... Bank, officials from the Olathe-based thrift said Wednesday ...
http://north-carolina-rea ...ealestateforeclosure/

20. San antonio cowboy real estate
... internet apartment rent olathe kansas jeep liberty steering ... jeeps in kansas intellectual property expert witnesses jeep ... carburator parts foreclosure los angles county foreclosed property
http://san-antonio-cowboy ...state.itpkb.kutno.pl/

21. Real Estate Investing Course and Book on Tax Foreclosure Sales and Tax Lien ...
... techniques: 1214 West Popular, Olathe, Kansas. For $3,000 down, one ... 4: How to Value Tax Sale Property Lesson 5: Managing ... a tax lien, tax deed, foreclosed property or REIT. However ...
http://www.rogueinvestor. ...estate_investing.html

22. foreclosed property in olathe
foreclosed property in olathe Your best online resource for foreclosed property in olathe. We have lots of information about buying foreclosures and using them as investments. Join our discussion ...
http://www.foreclosure-in ...operty-in-olathe.html

23. apartment, north kansas city -
... comprehensive listings of foreclosed homes at RealtyTrac.com ... Kansas City Apartment. Change Property Type Apartment Office Retail ... Mission, North Kansas City, Olathe, Oveland Park, Overland Park ...
http://www.xgrid.info/xg/ ...nt,-north-kansas-city

24. Foreclosure In Kansas
... preforeclosed and foreclosed houses in Kansas. Search ... contact to the foreclosure property owner for dealing directly ... 146,866; Topeka, 122,377; Olathe, 92,962; Lawrence, 80,098 ...
http://kansas.foreclosure4sale.com/

25. kansas city home
... home. Find homes for sale in Olathe and Kansas City, Kansas. www ... Free customized search of foreclosed homes in your area. Search ... in your area and get property details, photos, location ...
http://www.apropertylist.com/kansas_city_home.html

26. campground for sale in gunnison colorado coloradonewswomanfired
... colorado school district aspen colorado property - Housing in denver colorado colorado river ... ... Colorado realestate contract foreclosed homes colorado - Frisco colorado snowmobile ...
http://campground-for-sal ...tate-of-colorado.biz/

27. Foreclosure - Buy Foreclosure
... Foreclosed Property Foreclosed Real Estate Foreclosure ... Learn how to buy foreclosure property for residence or investment ... Shawnee, Merriam, Lenexa, Olathe, Stop Foreclosure! We Buy ...
http://www.theforeclosure ...e.com/buyforeclosure/

28. Ford focus engine dress up
... has changed colleges foreclosed hud land in dallas county ... mustang convertible trucks olathe ford obsolete ford parts ... under sail all day; help and property to the very dreadful to Mrs ...
http://ford-focus-engine-dress-up.heldenmoed.be/

29. We Buy Real Estate Saugatuck in Michigan
... Georgia homes for sale tampa florida Olathe / Kansas foreclosed homes for sale Jonestown in Texas ... ... Cornersville, Tennessee milwaukee real estate property Bronx County/New York long island real estate ...
http://www.theelder-fletc ...augatuck_in_Michigan/

30. Home sites for sale wilmington north carolina
... sale in houston for homes foreclosed homes houses for sale in ... home decor homes for sale in olathe new homes for sale macomb twp ... gamer shield everquest homes property for sale burley idaho unlock ...
http://home-sites-for-sal ...arolina.pa.lebork.pl/

31. homes for sale wichita kansas
... Lenexa Liberal Manhattan Olathe Overland Park Pittsburg ... www.foreclosurewar ...d=foreclosed+for+sale 21. Wichita Kansas ... me assist you in selling your property in the shortest possible ...
http://homesforsalewichitakansas.quitswichita.com/

Other Results for foreclosed property in olathe
british columbia home foreclosures repo
butte county california home foreclosures
free home foreclosures
bank home foreclosures
california home foreclosures
charlotte, nc home foreclosures
countrywide home loans foreclosures
foreclosures dallas home
home foreclosures in cincinnati
home foreclosures for sale
home foreclosures palm beach county
home foreclosures danbury ct
home foreclosures wny
mobile home foreclosures and vermont
mobile home foreclosures texas
san antonio, tx, home foreclosures
home foreclosures tampa, fl
oklahoma home foreclosures
nuevo california home foreclosures
williamsson foreclosures home sale
stopping home foreclosures
texas counties home foreclosures
home foreclosures santa rosa florida
wv home foreclosures
ocwen federal home foreclosures

Research Links