Real Estate Foreclosures
What You Should Know About Your Agent
When it comes to buying a home, many things come into play. One of the most important aspects of the traditional home buying process is your agent. Your agents will be doing the negotiations for you; therefore, it is essential that you trust your agent. In order to trust your agent, you should know important things about your agent before entering into the home buying process. When picking an agent, make sure you ask the right questions and do [...]
Home Prices Headed for Triple Dip? Maybe – Which Means Triple Opportunity
Fiserv, a financial analytics company, caused a stir this week when they announced that they were predicting a “triple dip” in home values for 2012. In other words, they expect another dramatic fall in home values across the country due to increased foreclosures to the tune of 3.6% by the middle of summer
Bugs, Bulldozers, and Banknotes: The Foreclosure Crisis Continues
Investors and homebuyers looking for great buying opportunities and the once-in-a-lifetime chances to buy terrific properties at significant discounts have been reveling in the market over the past few years as a record number of foreclosures have entered the market and lingered, supported by a growing backlog of foreclosed homes all across the
A Tale of Two States: Washington, Massachusetts Deal With Foreclosures
The foreclosure market is widespread; virtually every state in the union has been impacted by it over the past five years. From Alaska to Florida, Maine to Hawaii, and everywhere in between, foreclosures have lowered property values and cost states billions in lost property taxes – and created the best buyer’s market in
Jobs, Debt, and Real Estate: Making Sense of Madness
It seems like everything is out of control these
Federal Program for Houses in Foreclosure Deemed Inadequate
The Mortgage Bankers Association reported that last year's houses in foreclosure total in the U.S. had tied the highest number on record despite several federally-supported programs meant to prevent this scenario from occurring. A number of analysts have asserted that federal programs were ineffective and did not do much in helping homeowners keep their properties.
Most REO Properties in New York Were Flipped, Furman Says
A big portion of REO properties in New York City over the 15-year period from 1993 to 2009 were flipped within a year, according to a study conducted by the Furman Center for Real Estate and Urban Policy, a research center launched by the Robert F. Wagner Graduate School of Public Service and the New York University School of Law.
Housing Bailout Impact on the Real Estate Industry
Before the problem in the mortgage industry caused further damage, the federal government has decided to step in with a multi-billion dollar bailout program. Effective last October 1, the said mortgage relief program aims to target about 500,000 distressed homeowners, allowing them to shift their existing mortgage to government-backed loans.
Once the initial $10 billion budget was utilized to buy mortgage securities, interest rates are expected to be more attractive considering that more capital will be available to the market. Of course, this does not mean that applying for a loan and qualifying will now be a lot easier especially with the stricter lending guidelines that lenders are imposing.
Real Estate Market: Where is it heading?
When the controversial housing rescue proposal was signed into law last month, many analysts and experts wondered if the timing was right. After all, the market must hit rock bottom first before it can fully recover from the foreclosure crisis.
Great Economy but an Unstable Real Estate Market
Even though the local economy of Georgia has been stable, there has been a consistency in the rate of Georgia foreclosure homes. There have been people who have not been able to keep up with the mortgage payments and have been losing homes at a terribly high rate.
