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Bernanke Speaks out on Foreclosure’s Effect on Economy

Federal 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

Citing 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 of their rights and options when facing foreclosure.

Minnesota Senate Approves Foreclosure Bill

The Minnesota state Senate announced on Monday that they had given preliminary approval to the proposed home assistance bill that was aimed at helping homeowners in need fight off foreclosure. Foreclosure homes have been growing in incredible numbers in Minnesota, and are currently at record highs in many areas throughout the state, especially the Minneapolis / St. Paul area.

Essential Tips for First Time Home Buyers

The key to buying a home successfully is to make smart decisions. You can only do this if you are equipped with the right information and attitude. For example, you will need to know these critical tips for first time buyers in order to jumpstart your search.

Credit Score – before you even begin your home-hunting, [...]

House Debates New Foreclosure Rescue Bill

News from the House of Representatives this week is that discussion will cover a proposed $300 billion housing rescue package aimed at trying to turn around the horrible condition of the real estate market. Most of the money would be used to try to stem the tide of foreclosures, which previous legislation hasn’t been able to do, causing many to criticize the federal government for doing little to actually help homeowners in foreclosure.

Choosing the Right Fixer Upper

Many seasoned investors go around looking for properties that could be repaired or renovated and then sold once again for a considerable profit. In the industry, it is basically referred to as ‘flipping’.

One of the first things to consider is where to buy. There are actually cities like Dallas with thriving housing markets despite the [...]

When Scents Become Sensible

When selling in a market that obviously favors buyers, sellers must employ small yet effective tactics that could help them win over these potential customers. For instance, sellers of San Francisco foreclosure homes will generally enjoy an easier time if they made sure that the property is prepared for viewing.

Sellers should realize that it is [...]

New Federal Money Going to Help Cape Cod and Massachusetts Foreclosure Victims

The Massachusetts beach community of Cape Cod along the Atlantic Ocean got some much needed assistance this week from state organizations to help fight their rising level of foreclosures, which are especially high in Barnstable County.

High Foreclosure Rate Creating Opportunities for Buyers in North Carolina

While North Carolina, like any other state, has seen rising numbers of foreclosures in recent years that have hurt home values and contributed to a slowdown in the market, the situation in the state is nowhere near as bad as it is in other areas, and may present one of the best buying opportunities for [...]

Foreclosure Bus Tour in Florida Seen as Part of a Growing Trend

As 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 [...]