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Foreclosure
NY State Senator Seeks to Hold Lenders Accountable
Tuesday, May 13th, 2008In New York, one state lawmaker is pushing for new legislation that would be aimed at not allowing foreclosures to destroy a neighborhood or community by sitting on the market unowned and uncared for. This tends to drag down home values in nearby communities, and can lead to even more foreclosures as a result.
State senator [...]
Lure Buyers at No Extra Cost
Monday, May 12th, 2008In cities like San Diego, the number of homes entering foreclosures is rising steadily. As a troubled homeowner, one of the options you can explore is putting a ‘for sale’ sign in front of your yard and hope that buyers will stumble on your property before the re-instatement period is up.
You should know that [...]
Michael Jackson’s Neverland Saved From Foreclosure
Monday, May 12th, 2008The famous Neverland Ranch, of the entertainer Michael Jackson, was saved from a foreclosure sale set for this week after a loan on the California property was sold to a large real estate investment firm called Colony Capital. Michael said the loan is about $23.5 million and it had been held by Fortress Investment Group. [...]
Homeowner Frustration on the Rise Due to Foreclosure
Thursday, May 8th, 2008It’s logical that the rising trend in foreclosure houses nationwide would lead many homeowners to become extremely frustrated and distressed. Losing a home and dealing with an adjustable rate mortgage that seems to only work against you has to be an incredibly taxing and frustrating experience. And now officials are seeing a new trend among [...]
Frank Warns Lending Industry not to Oppose New Foreclosure Assistance Legislation
Wednesday, May 7th, 2008US Financial Chairman Barney Frank warned lenders Monday that the new legislation proposed before the House that would require lenders to trim down the debt owed by some homeowners in danger of foreclosure so that refinanced loans for those borrowers could be sponsored by the federal government was their last chance to help the housing [...]
Bernanke Speaks out on Foreclosure’s Effect on Economy
Wednesday, May 7th, 2008Federal Reserve Chairman Ben Bernanke announced Monday that the mortgage market throughout the country remains strained due to defaults, and urged that something, anything must be done to halt foreclosure, as it is crippling the nation’s economy as a whole.
Speaking to the New York University School of Business, he remarked about how mortgage defaults and [...]
Maryland to Offer Foreclosure Information Session in Frederick
Wednesday, May 7th, 2008Citing the lack of assistance for Maryland citizens and the lack of information and effective resources being provided to help homeowners avoid foreclosure, a new foreclosure prevention / education meeting is being held by the Maryland Department of Licensing, Labor and Regulation in Frederick, Maryland on Monday night. The meeting will help to inform citizens [...]
Foreclosure Bus Tour in Florida Seen as Part of a Growing Trend
Thursday, May 1st, 2008As the foreclosure inventory climbs around the country and buyers start to take an interest in the low prices foreclosure homes and properties available through foreclosure auctions present, some real estate agents and specialists have discovered a new way to market these properties to potential buyers—and it involves a big green bus.
The “Foreclosure Tours R [...]
Foreclosure Basics: Three Keys to Negotiation Success
Wednesday, April 30th, 2008Negotiation is actually a very complicated matter. You can not determine the outcome of any sales transaction despite similar circumstances. This is because both seller and buyer would try to make the result as balanced as possible, if not favorable to them. For this reason alone, it is important that you obtain a dominant bargaining [...]
Foreclosure Hunting Basics
Thursday, April 17th, 2008With the housing market filled with millions of foreclosure for sale, maybe it is time you consider them as great investment opportunities. You will be surprised to know that many investors have actually bought these foreclosure homes because of their amazingly-huge return potential. Besides, these foreclosed properties are sold at very cheap prices and you [...]