Posts (RSS)Foreclosure
Benefits from Foreclosure Prevention Workshops
Thursday, July 3rd, 2008In states and cities that were hit hardest by the subprime mortgage mess, you will notice that there are successive foreclosure prevention workshops being launched by both the local government and non-profit organizations.
Online Foreclosure Search VS Foreclosure Bus Tours
Tuesday, July 1st, 2008Foreclosure investing has always been around yet it is only now that it has become extremely popular. seasoned real estate buyers have discovered long ago the great return potential of these foreclosed properties. But with the market flooded with these repossessed properties, even first time home buyers are considering them.
Communities Suffering from Foreclosure Fallout
Monday, June 30th, 2008When the crisis in the housing and mortgage industries started, the hardest hit is obviously the homeowners who can no longer afford to meet their mortgage obligations. but in addition to these troubled homeowners, the communities where they reside are also at risk from suffering the after effects of having numerous foreclosure properties in the neighborhood.
Foreclosures Increasing Around US Military Bases
Monday, June 16th, 2008According to the data gathered by RealtyTrac, there has been a dramatic increase in foreclosures at the areas surrounding US military bases in the past year. The average increase was reported to be more than 80 percent, which is way above the national average of 59 percent.
Foreclosure Tour Bus: Making the Rounds
Thursday, June 12th, 2008There are plenty of reasons why people join a bus tour. There are people who hope to see the rest of the country, without spending much on travel expenses while some consider bus tours as a venue to meet new friends. But in Long Island, you can join a bus tour if you are interested in buying foreclosure homes.
Bankruptcy or Foreclosure: Which is Better?
Tuesday, June 10th, 2008There has been an ongoing debate for many experts about choosing which is a better option, bankruptcy or foreclosure? Actually the answer is NEITHER.
When Foreclosure Knocks
Friday, June 6th, 2008When distressed homeowners receive call from their mortgage lenders, they usually end up panicking and not thinking clearly. Because of this, most of them think that the only way to address this problem is to cry and wait for the eviction notice.
Do Not Expect Buyers to Pay for Home Improvements
Wednesday, May 28th, 2008If you are a homeowner facing foreclosure, you should be aware that the market is currently favoring the buyers. This means that you will have to work doubly hard to sell your home before the reinstatement period is up. Otherwise, you can say goodbye to whatever equity you have on your property.
Selling in a [...]
Senate Banking Committee Approves Foreclosure Bill
Thursday, May 22nd, 2008The new Foreclosure Aid bill made some headway in the Senate yesterday, as the Senate Banking Committee voted 19-2 in favor of the bill, the last hurdle now only being the general vote by the Senate. Many expect the bill to pass easily, since talks have gone on for several weeks about the bill and [...]
Foreclosure Buyers: New Landlords
Wednesday, May 21st, 2008The enduring crisis in the housing market has not only resulted to millions of foreclosed homes nationwide. As a way to minimize the negative effects of high foreclosures rate, lending standards have also tightened.
Because of these reasons, it is not surprising that individuals and families are choosing to rent instead of buy homes. This particular [...]