Finance

North Carolina Foreclosures Drop, Thanks to New Law

When the foreclosure figures for September came, many local officials were relieved to see their efforts paying off. Among their efforts to curb foreclosure include the approval of a state law that requires lenders to give distressed homeowners 45 days notice before any default notices can be filed.

Credit Scores: Is Yours High Enough?

Many people assume that they have high credit scores because they pay their bills on time. Before jumping to this conclusion, you should know first how credit scores are calculated and what the common misconceptions are.

Negotiating in a Tough Market

Although current housing market conditions favor buyers over sellers, it does not mean that every buyer will be successful in grabbing the hottest deal in the market. It is not the market conditions which guarantee success but good negotiation. Even sellers can benefit from having good negotiation skills especially in a very competitive market.

Housing Bill Momentum Slowed Down by Senate Issues

When the Senate voted on the controversial housing rescue plan, it received overwhelming support. But sadly, the likelihood of it becoming a law soon is reduced because of some problems coming from another unrelated proposal.

Foreclosure Bill under White House Threat

The growing concern over the possible effects of high foreclosures rate on the entire housing market has prompted legislators to propose a foreclosure rescue bill. After many months of being scrutinized, the said bill will hopefully see the light of day very soon. That is, if the White House allows it.

Foreclosure Business: Tips to Finance Foreclosures

If you have been in the foreclosure business, it is important that you know how to finance it. Many people have the wrong notion that money is necessary. But you would be surprised that you actually do not need to have money if you decide to invest in foreclosure properties. Here are some tips that [...]