Florida Foreclosures
December 30, 2011
Now that you have found the right property, made an offer and closed on your bargain Florida foreclosure property, the next step is to rehab the property and get it ready to either lease or sell. The best ways to use your rehab dollars are to follow the 1:3 rule that every dollar you spend,… Read More »
Arizona Foreclosures
December 18, 2011
The government acquires HUD foreclosures when a FHA borrower defaults on their mortgage and the lender forecloses. FHA insurance guarantees that the lender gets paid and title is then transferred back from the lender to HUD. HUD offers their real estate foreclosed homes for sale at deep discounted prices to buyers who intend to reside… Read More »
Alabama Foreclosures
December 9, 2011
According to Trulia, the average price per square ft. for a Mobile, Alabama home is $72, and the median sales price during the period July 11, 2011 through September 11, 2011 was $130,000. There are currently 765 homes that have received a foreclosure notice and are in some stage of pre-foreclosure or foreclosure. During the… Read More »
Oklahoma Foreclosures
December 6, 2011
There are several options available to Oklahoma distressed homeowners including a mortgage modification, refinance, short sale, reinstatement and forbearance. The other way to approach negotiations with your lender is to determine if they violated any truth and lending laws or disclosure laws at the time they made your original loan. This requires the expertise of… Read More »
Oklahoma Foreclosures
December 2, 2011
There are several options available to Oklahoma distressed homeowners including a mortgage modification, refinance, short sale, reinstatement and forbearance. The other way to approach negotiations with your lender is to determine if they violated any truth and lending laws or disclosure laws at the time they made your original loan. This requires the expertise of… Read More »