by Paul McCain on November 29, 2010
by Paul McCain on November 5, 2010
Buying foreclosed properties for sale is the best way to gain equity. The housing crisis affected a whole lot of homeowners even those with high paying jobs living in affluent neighborhoods. These people find themselves caught in a foreclosure nightmare that they are powerless to fight. This unfortunate scenario has given rise to a growing number of posh homes still in top condition that have been foreclosed upon and are now available in the [...]
Continue Reading: In Buying Foreclosed Properties For Sale Consider REO Homes
by William Dover on September 29, 2010
Many people mistakenly believe that free information can truly help them acquire the best deals in the foreclosures market. Despite the abundance of house foreclosure listings providers that are now available online, many still cope with the real estate industry by relying on information made by free listings. However, it is important to know that in order to survive and succeed in this investment, a free listing may not be your best option.
Continue Reading: Why Subscribing to House Foreclosure Listings Is Important
by Elizabeth Rush on July 21, 2010
by Elizabeth Rush on November 19, 2008
The Federal Deposit Insurance Corp. (FDIC) is planning to use an estimated $24 billion in federal funds to help nearly 1.5 million homeowners in the United States avoid foreclosure.
The program includes providing guarantees to 2.2 million loans that have been modified, particularly risky loans by borrowers with small down payments or weak credit. With modified loans, borrowers will have longer loan terms and pay lower interest rates.
Continue Reading: FDIC Proposes to Spend $24 Billion Federal Funds to Address Foreclosures
by Paul McCain on August 13, 2008
by Elizabeth Rush on July 28, 2008
by Elizabeth Rush on July 8, 2008
by William Dover on June 27, 2008
The first thing you should consider when buying a foreclosure property, or any real estate property for that matter, is how good your credit score is. An unblemished credit will usually mean being able to enjoy the most competitive mortgage rates in the market. Of course during these times, your credit report may reflect mortgage provider or lender inquiries, also known as hard inquiries.
Continue Reading: Buyer’s Corner: How to Keep Credit Clean
by Elizabeth Rush on June 4, 2008
Although losing your home to foreclosure is one of the worst things that could happen to you, you might still be able to avoid it by selling your home before the reinstatement period is up. Unfortunately, there are also a lot of homeowners who have chosen this option and you must attract potential buyers by dropping your asking price.
Continue Reading: Foreclosure Sellers: Handling Low Offers
by Jason MacDowell on November 22, 2007
Foreclosure investing is one of the upcoming business trends in an industry that has seen better days. Experts believe that the returns are much better in foreclosure investing as compared to the stock market and above all the risk is not as high. Experts from the industry have some tips to offer to all those who want to pursue foreclosure investing as a business.
Continue Reading: Top Foreclosure Investing Tips
by Paul McCain on July 3, 2007
It’s midsummer in Ohio, a name which in the local language meant “beautiful river”. The June festivals have all come to a close. The Ohio Housing Finance Agency has never been busier or more preoccupied with what has now become a priority; keeping Ohio residents in their homes as a solution to the severe pressure of the rising of foreclosures that this state has experienced over the last ten years, filings numbers increasing sharply in 2006. Urban counties in particular now figure as the major suppliers to properties listed in the Ohio foreclosure listings. Delaware county has recorded filings increase of 50% in the last 3 years; Franklin, Pickaway and Cuyahoga counties have increasing problems, its a statewide issue.
Continue Reading: Midsummer measures for home buyers and new investors.