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Foreclosure Homes: Why are they Cheap?

When the housing market started crashing, the number of foreclosure homes reached millions. Many buyer and investors tried to grab the investment opportunities that these foreclosed homes for sale offered. Aside from the large selection to choose from, buyers will enjoy quite a big amount in savings. If you are wondering why these homes are [...]

Foreclosure Seller Tips that Will Beat Competition

The large selection of foreclosure properties for sale has created a market that clearly favors buyers. Such market conditions make seller anxious to sell their homes. But with the large supply of available foreclosure homes, you can expect these sellers to compete with each other. If you are hoping to sell your home during the [...]

Subprime Market Hurts Property Values Everywhere

If homes in your area are facing foreclosure due to the subprime market, it could also be hurting the value of your own property.

Before a home can be sold, an appraisal must be made on it so that the real estate agent in charge of the sale can correctly determine its value. However, when appraisers [...]

Boston Provides Free Legal Advice to Owners of Distressed Properties

Boston Mayor Tom Menino announced Thursday that the city would offer free help to owners of distressed homes in order to help them pay off their debts and avoid foreclosure proceedings.

Foreclosure Investing for Beginners

In the world of investment, real estate investing has always been considered as a lucrative business. But do not believe for a second that establishing a career in this field is going to be easy. Successful real estate investors have made plenty of wrong decisions before finally getting it right. Foreclosure investing is actually more [...]

3 Tips to Get Your Mortgage Approved

After realizing how much more affordable foreclosure properties are, you finally give in to your desire to buy one. But before you contact a foreclosure broker and go on a foreclosure-hunting expedition, you should first get pre-approved for a mortgage. By doing this, you will be able to know your exact budget and establish your [...]

Ohio Foreclosure Rates fall in February, but Still High Among Other States

New statistics released recently show that Ohio’s foreclosure rate actually slowed during the month of February, although it was still high enough to earn it the 7th spot among states with the highest foreclosure rates.

Strangely enough, Ohio was ranked 9th among states with the highest foreclosure rates in January, and despite the fact that it’s [...]

Foreclosures Jump 60% Nationwide in February

The market for foreclosure investing is expanding into 2008 as predicted, as new studies show that foreclosure filings rose roughly 60% over the month of February. Interestingly, instances of bank seizures nearly doubled within the same time period, which indicates that more homes that are going into default are ending up being sold off as [...]

Repo Homes Bus Tours Provide Homeowners with New Way to Buy Houses

With the growing inventory of repo homes becoming available around the country, many regions have seen a growing interest among small-time homebuyers and real estate investors in buying these low-cost homes through foreclosure auctions and other sales. But now it seems that some companies are even beginning to market to this trend by offering services [...]

Reading Into Home Equity

Home Equity is a big buzz word when it comes to buying foreclosures and bank foreclosed real estate, and for good reason. Home equity has a huge amount to do with how much a piece of real estate will go for at foreclosure auction. But to understand how to read into a property’s home equity to determine whether or not it’s worth pursuing at auction, you have to first understand how it is accrued and what it means.