November 6, 2009

Loan Modifications – Government Incentives

Filed under: Loan Modification - 06 Nov 2009
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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 …

November 2, 2009

Is short sale the answer to foreclosure?

Filed under: Foreclosure Help - 02 Nov 2009
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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 …

October 29, 2009

Foreclosure Auctions Give Bargains to Buyers

Filed under: Foreclosed Homes - 29 Oct 2009
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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 …

October 27, 2009

Guide to Tax Lien Sales at US County Auctions

Filed under: Tax Lien - 27 Oct 2009
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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 …

October 23, 2009

Loan Modification Methods and Impacts on Foreclosure

Filed under: Loan Modification - 23 Oct 2009
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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 …

October 19, 2009

Chicago Foreclosure Opportunities

Filed under: Illinois Foreclosures - 19 Oct 2009

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 …

October 14, 2009

Foreclosure Auctions Go Online

Filed under: Online Foreclosure Auctions - 14 Oct 2009
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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 …

October 10, 2009

U.S. House Prices Are Good For Buyers

Filed under: Bank Foreclosure - 10 Oct 2009
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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 …

October 7, 2009

Snap Up a Great Deal at an Orlando, FL Foreclosure Auction

Filed under: Florida Foreclosures - 07 Oct 2009

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 …

October 3, 2009

US Foreclosed Homes at Cheap Prices

Filed under: Bank Foreclosure - 03 Oct 2009

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 …

September 29, 2009

Avoid Home Foreclosure: Some Options

Filed under: Bank Foreclosure - 29 Sep 2009

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 …

September 26, 2009

Source Foreclosure Auctions in California

Filed under: California Foreclosures - 26 Sep 2009

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 …

September 22, 2009

The Foreclosure Experience

Filed under: Bank Foreclosure - 22 Sep 2009
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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 …

September 18, 2009

Bargain Foreclosure Homes in Minnesota

Filed under: Minnesota Foreclosures - 18 Sep 2009
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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 …

September 15, 2009

Loan Modifications at Steady Pace

Filed under: Loan Modification - 15 Sep 2009

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 …

September 11, 2009

Tips For Homeowners to Avoid Foreclosure

Filed under: Bank Foreclosure - 11 Sep 2009
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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 …

September 9, 2009

US Home Foreclosures Continue To Rise

Filed under: Bank Foreclosure - 09 Sep 2009
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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 …

September 7, 2009

How Do I Buy a HUD Property? (part 2)

Filed under: HUD Foreclosure Properties - 07 Sep 2009
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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 …

September 4, 2009

How Do I Buy a HUD Property? (part 1)

Filed under: HUD Foreclosure Properties - 04 Sep 2009
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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 …

September 1, 2009

Introduction to Foreclosure Properties

Filed under: Bank Foreclosure - 01 Sep 2009
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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 …

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