Bank Foreclosure
September 29, 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 that you actually do have a few options open to you if you are about… Read More »
California Foreclosures
September 26, 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 rapid decline in the real estate market. Real estate investors are taking advantage of this… Read More »
Bank Foreclosure
September 22, 2009
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 become very difficult for many American families. The foreclosure process is an ugly experience and… Read More »
Minnesota Foreclosures
September 18, 2009
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 to fall providing buying opportunities not seen in a long time, if ever. Selling… Read More »
Loan Modification
September 15, 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 through to August. If borrowers keep up their payments during the trial period then… Read More »
Bank Foreclosure
September 11, 2009
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 things that these homeowners at risk can do to help their situation: Talk to your… Read More »
Bank Foreclosure
September 9, 2009
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 by RealtyTrac. As unemployment continues to rise, foreclosure filings climb. Foreclosure activity shot up 7… Read More »
HUD Foreclosure Properties
September 7, 2009
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 submit the bid via HUD’s online bidding process. The winning bidder is notified by… Read More »
HUD Foreclosure Properties
September 4, 2009
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 that although it is HUD that sells the foreclosed property, these are not technically HUD-owned… Read More »
Bank Foreclosure
September 1, 2009
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 good quality but the previous owner in most cases simply could not keep up with… Read More »