From the monthly archives:

July 2008

Demand for Foreclosure Websites Soar

by Jason MacDowell on July 31, 2008

Demand for Foreclosure Websites Soar

It seems that the effects of the enduring foreclosure crisis have reached the Web. A recent survey showed that many internet users are searching for sites that contain information regarding foreclosure. For the month of June, there were approximately 1.82 billion internet users who searched for ‘foreclosure’. Compared to last year, there was apparently an increase of about 177 percent.

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Foreclosure Seller Tips: Getting Your Asking Price

by Paul McCain on July 29, 2008

Foreclosure Seller Tips: Getting Your Asking Price

Market conditions dictate who will have the upper hand. Right now, buyers have all the advantage. With the large inventory of homes for sale, declining home prices and sluggish home sales, you can expect buyers to have the leverage.

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Avoiding Foreclosure By Organizing Your Finances

by Elizabeth Rush on July 28, 2008

Avoiding Foreclosure By Organizing Your Finances

If you have managed to escape the subprime mortgage mess, it should not mean that you will let down your defenses. One of the ways you can easily avoid losing your home to foreclosure is by organizing your finances early on.

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Nantucket MA Foreclosure Filings Soar 421%

by William Dover on July 25, 2008

Nantucket MA Foreclosure Filings Soar 421%

Last year, the number of foreclosure petitions filed in the Nantucket Superior Court and Massachusetts Land Court was over 23. After one year, the foreclosure petitions have risen to 92, a 421 percent increase.

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Distressed Borrower Commits Suicide Over Foreclosure

by Jason MacDowell on July 25, 2008

Distressed Borrower Commits Suicide Over Foreclosure

Less than two hours before her home was scheduled to be auctioned, a Massachusetts woman decided to commit suicide by shooting herself. This unfortunate news shocked Americans and forced many to think if it is a sign that the housing crisis is really taking a toll on the nation.

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Buyer Beware of Foreclosure Fine Print

by William Dover on July 23, 2008

Buyer Beware of Foreclosure Fine Print

With the market brimming with foreclosure homes for sale, many consumers can not help but be interested in taking advantage of the opportunities offered by these distressed properties. Unfortunately, buying a foreclosed home is not as simple as most people think.

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Foreclosure Homes and the Waiting Game

by William Dover on July 14, 2008

Foreclosure Homes and the Waiting Game

For most buyers and investors, it is all about right timing. Even seasoned realtors will testify how important it is to make a purchase at the right time and place. Considering that the housing market is brimming with properties in all stages of foreclosure, it is certainly difficult to decide if you should buy now or wait further.

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California Residents Receive Foreclosure Relief

by Paul McCain on July 10, 2008

California Residents Receive Foreclosure Relief

Ever since the subprime mess erupted, California has consistently been among the states with the highest foreclosure rate. The number of foreclosure filings increased by so much that the state government finally recognized it as a threat to the local economy. Even local residents and non-profit organizations have teamed up to provide help to troubled homeowners facing foreclosure.

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Foreclosure Investing: Are You Ready?

by Elizabeth Rush on July 8, 2008

Foreclosure Investing: Are You Ready?

Foreclosure investing is fast becoming popular among real estate investors because of the better return potential that it offers. Unfortunately, it will take some degree of preparedness before you can consider yourself worthy of this business

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Haggling Makes Winners Out of Buyers

by Elizabeth Rush on July 1, 2008

Haggling Makes Winners Out of Buyers

Any consumer advocate will tell you that haggling is something usually encouraged. Some consumers feel like they are forcing the seller to negotiate, but this is not the case. Keep in mind that sellers usually have a wiggle room whenever they put a price tag on their products.

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