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3 Things You Should Ask Yourself When Buying a Home

With current market conditions favoring buyers, it is only natural for home buyers to be a bit choosy before making that decision to buy. If you are also in the market for a home, you should make sure that you ask yourself these three important questions.

Chicago Holds 2nd Highest Metropolitan Foreclosure Rate in Nation

Chicago claimed the spot this February as the metropolitan area with the second highest rate of foreclosure in the country. The only city with a higher rate of foreclosures is Los Angeles.

The city has taken many steps to try to curb its foreclosure rate, but with the increasing number of sub prime and adjustable rate [...]

Denton County Sees 40% Spike in Foreclosures

Texas has been a well known hotspot for foreclosure homes for some time, but most of the attention has been focused in the media on cities like Dallas and Houston. However, we are also seeing great amount of foreclosures in smaller areas that are just as desirable among homebuyers and investors as these cities, and [...]

Florida Residents Demonstrating for Foreclosure Assistance

As more and more Florida residents succumb to the struggles of mortgage debt and the ensuing foreclosure, citizens are becoming enraged and demanding that the government do more to help indebted homeowners. The activist group ACORN has convened in Tallahassee, the state capital, to protest what they see as widespread foreclosure due to predatory lending [...]

Michigan Enacts New Anti-Foreclosure Bill

New efforts to fight foreclosure in Michigan have led state governor Granholm to sign into action a bill aimed at helping owners of distressed properties hang on to their homes. Michigan, especially the metro Detroit area, has been in foreclosure trouble for quite a while now, and the new bill is aimed at slowing the [...]

Massachusetts to Provide $2 Million in Foreclosure Prevention Funds

Massachusetts has set aside $2 million to help homeowners at risk avoid foreclosure and default through education and counseling at centers throughout the state. The efforts generated by the money will focus on areas hardest hit by the foreclosure crisis, and attempt to provide assistance by teaching homeowners about options like refinancing, selling or working [...]

Senator Seeks Provision in Foreclosure Bill to Aid Veterans

While the Senate is expected to continue to discuss the specific provisions of the proposed Foreclosure Prevention Act through most of Thursday, Senator Norm Coleman of Minnesota has proposed an interesting new amendment that would seek to curb VA foreclosures and help veterans keep their properties.
Currently, the law provides veterans with an extra 3 months [...]

Senator Seeks Provision in Foreclosure Bill to Aid Veterans

While the Senate is expected to continue to discuss the specific provisions of the proposed Foreclosure Prevention Act through most of Thursday, Senator Norm Coleman of Minnesota has proposed an interesting new amendment that would seek to curb VA foreclosures and help veterans keep their properties.
Currently, the law provides veterans with an extra 3 months [...]

Selling Your Distressed Home

You might be surprised to know that distressed homes do not always end up in foreclosure. If the owners are lucky, they will be able to sell them before the reinstatement period is over. If you are one of these owners who has recently received a Notice of Default, you will have to act fast. The good news is buyers and investors are usually attracted to these distressed properties because of their really great return potential.

Common Mistakes That Could Cost You

For some, buying or selling a home is a task that requires much patience and hard work. If you are worried about making mistakes that could cost you the entire sales deal, then here are some things you should take note of.

Duration of the Deal: The entire buying process is not as short as [...]