New York’s Foreclosure Data Inaccurate?
The data of foreclosure filings obtained in New York, counting that of Erie County are said to be incomplete. This is the danger of depending only on one research firm, which has not perfected yet the act of data collection. [...]
Continue Reading: New York’s Foreclosure Data Inaccurate?North Carolina Foreclosures Drop, Thanks to New Law
When the foreclosure figures for September came, many local officials were relieved to see their efforts paying off. Among their efforts to curb foreclosure include the approval of a state law that requires lenders to give distressed homeowners 45 days notice before any default notices can be filed. [...]
Continue Reading: North Carolina Foreclosures Drop, Thanks to New LawSellers Corner: Pest Control Issues
One of the things that the foreclosure crisis has created is a housing market that clearly favors buyers. For this reason, home sellers are getting anxious especially the ones who are worried about a possible foreclosure. There are actually a lot of reasons why a property would stay in the market for a long time and among them is pest control issues. [...]
Continue Reading: Sellers Corner: Pest Control IssuesForeclosed Homes: The Affordable Choice for First Time Home Buyers
Buying a home is actually the easy part. The hard part is making sure that the homeowners will be able to meet the mortgage obligations. For this reason, home buyers are reminded to be very careful when making the decision to buy a home. If affordability is the primary issue being considered, then these foreclosed homes are just perfect. [...]
Continue Reading: Foreclosed Homes: The Affordable Choice for First Time Home BuyersForeclosure Rescue Scams: How to Spot Them
According to the Federal Trade Commission, the agency responsible for preventing fraudulent, unfair and deceptive business practices, foreclosure rescue scams are actually not as difficult to spot since they usually take the following forms: [...]
Continue Reading: Foreclosure Rescue Scams: How to Spot ThemHome Buyers Flocking Foreclosure Auctions
For most home buyers and investors, the current market conditions are certainly not as appealing as they were during the housing boom. But if you look closely at what the recent events have resulted to, you might find the investment opportunity you might have been looking for all these times. [...]
Continue Reading: Home Buyers Flocking Foreclosure AuctionsForeclosure 101: Negotiating with Lenders
Last week, the implementation of the government's $300B housing rescue program finally started. This certainly gives hope to a significant number of troubled borrowers. Of course, the success of the mortgage relief program lies in part in the successful negotiations with the lenders. [...]
Continue Reading: Foreclosure 101: Negotiating with LendersForeclosure Scam Artist Sentenced to 10 Years
The problems in the housing industry did not only result to million of Americans losing their homes to foreclosure. It also gave rise to a growing number of foreclosure-related scams, perpetrated by unscrupulous individuals. The good news is that the judiciary branch of the government is serious about punishing these foreclosure scam artists. [...]
Continue Reading: Foreclosure Scam Artist Sentenced to 10 YearsHousing 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. [...]
Continue Reading: Housing Bailout Impact on the Real Estate IndustryStopping Foreclosure with a Short Sale
For troubled homeowners looking for a way to stop foreclosure, there is an option that has become quite popular these days – the short sale. An agreement between the distressed borrower and the lender, this transaction will effectively stop foreclosure and save both parties much inconvenience. [...]
Continue Reading: Stopping Foreclosure with a Short SaleAbout Us
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