The US Government has established a program to assist with modifying loans for properties under foreclosure distress.  The Home Affordable Modification Program (HAMP provides incentives to loan servicers and financiers willing to modify loans for real estate with loans at …

Government foreclosures are becoming increasingly high and so has Bank REO foreclosures as well. If you are one of those individuals that are currently experiencing the doom of foreclosure, there is help. The loss mitigation department of your bank will …

It seems there is a never ending supply of foreclosed homes to auction.  While it can be difficult to figure out exactly the number of properties sold at foreclosure auctions, it is difficult to dispute that the number of foreclosed …

What is a tax Lien?

All US County’s levy a property tax on real estate; this is then used to pay for local county services such as street lighting and trash collection.

But what happens if the property owner fails to pay …

REO foreclosures are intimidating to many home owners as they are on the increase. There are so many companies that have come out of the “wood works,” attempting to offer loan modification methods to help in the foreclosure process.

Some …

Most days across the US, investors attend foreclosure auctions to seek and pick up bargains.  However, the clearance rates of these auctions are very low showing a continuing underlying situation of over supply and under demand.  Nevertheless, those buoyed by …

These days just about anything can be, and is, sold at online auctions.  Due to the size of the transaction, buying and selling real estate at online auctions has been almost non existent.

This is all changing with some US counties …

Since the top of the housing market in November 2005, US house prices have been on the decline – and a rapid decline in many areas of the nation.

According to the Financial Post, it is too early to call a …

Since the decline of the housing market and the ongoing economic crisis that people are facing across the nation in the United States, it has become apparent that there are more foreclosed properties than usual.

In Orlando, Florida, there is an …

By now it is pretty well known that foreclosure auctions are fast becoming the best place to look for bargains when it comes to getting hold of “distressed” properties at prices that cannot be beaten! This is a “secret” that’s …

In today’s freefalling economic situation there are going to be a good many people that think that there is nothing that they can do if they have gotten a Foreclosure Notice from your lender. The truth of the matter is …

The real estate market is currently at a standstill due to the economic crisis that the nation experienced in the mid 2008 until this time. Many people all across the nation are losing their homes to foreclosure due to the …

Families across the nation are victims of the foreclosure process due to the declining real estate market and the economic crisis. There have been so many job losses that result in nonpayment of so many bills. Paying a mortgage has …

Foreclosure activity continues to rise in Minnesota.  More than half the number of homes sold in Minnesota are due to foreclosure and smart buyers are taking advantage.

As unemployment continues to rise and homeowners default on their mortgages, property prices continue …

Since the beginning of the US Federal program to improve home loans into more affordable products for borrowers, about 12 percent of eligible borrowers have taken up the opportunity.

Since March over 360,000 borrowers had received three month trial loan modifications …

As foreclosure activity continues to rise and more and more workers either have their wages cut or lose their job, action must be taken by homeowners with a loan who are at risk of default.  There are a number of …

Despite ongoing Federal and State Government measures, home foreclosures continue to rise.  US home loans fell at a record pace in July as 1 in every 355 households with a loan received a foreclosure filing (more than 360,000), as stated …

How?

Once you’ve located a HUD property that you’re interested in, you’re going to need to know the process of purchasing a HUD home. Bids on homes are required to be submitted through a registered real estate broker, who typically will …

HUD (the United States Department of Housing and Urban Development) acquires foreclosed properties from lenders that are insured through the Federal Housing Administration. Post acquisition, these properties are made available for sale to the public. It is important to note …

Foreclosed properties, or foreclosed homes, are typically homes in which the owners failed to comply with a lender’s agreement. In other words, the property owners failed to pay their mortgage repayments (that is, they defaulted).  Often the home is of …