From the category archives:
Among the reasons given for the continued rise in number of foreclosed properties are unemployment, subprime lending, adjustable-rate lending and difficult family circumstances such as divorce or hospitalization.
Another major reason is negative equity – home value is less than loan amount. Borrowers who have negative equity, sometimes known as underwater borrowers, often decide to walk [...]
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If you are planning to buy a home that you will occupy for a long time, now is the time to buy, according to Moody’s Economy researcher Celia Chen. Individuals who lost properties to tax foreclosures could begin recovering by looking for bargains among thousands of low-priced homes across the country.
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Housing and Urban Development Secretary Shaun Donovan defended President Barack Obama’s $75 billion foreclosure program by responding to critics who aver that the program is using the money of responsible taxpayers to support irresponsible borrowers, losers and speculators. There are some people saying that the foreclosure program is unfair to Americans whose assets became tax [...]
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Many people view real estate as a good investment for their money. One of the best choices for investing in real estate is buying foreclosure properties. Buying foreclosure properties is especially a good idea right now with the current market conditions. A lot of people look at real estate for a new personal residence, or to buy properties for resale at a higher price or simply as rental properties that will provide them with an ongoing monthly income. Whatever your reasons are for considering buying foreclosure properties, you need a foreclosure listings service to do your research and learn about the foreclosure market so that you know what to expect.
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HUD foreclosure properties are often a great alternative to other real estate that is often overpriced. HUD foreclosure properties sell for less. Sometimes this is a little bit less than other homes that are similar and sometimes it is a lot less than homes that are similar. It all depends on a number of variables, from the local housing market to the condition of the home to how long the home has been on the market. Generally, HUD foreclosure properties that are in reasonable condition sell quickly. So you need to be paying attention when looking for affordable HUD foreclosure properties that are in move-in condition.
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