From the monthly archives:

August 2008

HOPE Helps 2 Million Distressed Homeowners

by Jason MacDowell on August 28, 2008

HOPE Helps 2 Million Distressed Homeowners

For the past 13 months, the housing coalition HOPE NOW has provided assistance to over 2 million distressed homeowners so that they can continue to keep their homes and stop foreclosure. This is according to the latest report released by the group.

Continue Reading: HOPE Helps 2 Million Distressed Homeowners

Foreclosure Tour Buses: All Aboard!

by Paul McCain on August 26, 2008

Foreclosure Tour Buses: All Aboard!

In Centreville, Virginia, home buyers and investors who are in the market for one of these foreclosure homes are getting on foreclosure tour buses in order to check out the many bank foreclosure for sale.

Continue Reading: Foreclosure Tour Buses: All Aboard!

Foreclosure Crisis: Creating Buying Opportunities

by Paul McCain on August 22, 2008

Foreclosure Crisis: Creating Buying Opportunities

When the crisis in the mortgage industry began, it primarily hit subprime borrowers. As the foreclosure crisis endured, home values started declining and eventually affected homeowners who are considered to be prime borrowers. For experts, this signals that the market is about to hit rock bottom, resulting to large inventories of affordable real properties. And with such prediction, buyers and investors are getting ready to buy these bargain homes.

Continue Reading: Foreclosure Crisis: Creating Buying Opportunities

NC Governor Okays Foreclosure Bills

by Jason MacDowell on August 20, 2008

NC Governor Okays Foreclosure Bills

In an effort to reduce the number of foreclosure filings in the state, North Carolina Governor Mike Easley signed into law three bills that will give homeowners a chance to win their struggles with foreclosure.

Continue Reading: NC Governor Okays Foreclosure Bills

Mortgages Becoming More Expensive

by Jason MacDowell on August 15, 2008

Mortgages Becoming More Expensive

With the housing industry still trying to recover from the losses suffered because of the mess in the subprime market, it is indeed surprising that the government-sponsored enterprise Fannie Mae has announced that it is making an effort to boost finances. Unfortunately, this effort comes with a high price for consumers.

Continue Reading: Mortgages Becoming More Expensive

Hot Tips for Selling Distressed Homes in the Fall

by Elizabeth Rush on August 14, 2008

Hot Tips for Selling Distressed Homes in the Fall

With the children going back to school and holiday season fast approaching, it is not surprising that looking for a buyer for your distressed property will be so much more challenging.

Continue Reading: Hot Tips for Selling Distressed Homes in the Fall

Foreclosure Investing: Using the Right Tools

by Paul McCain on August 13, 2008

Foreclosure Investing: Using the Right Tools

Real estate investors and buyers have shifted their attention to these foreclosed properties because they are considerably more affordable yet offer better return potential. If you think that foreclosure investing is easy, you should know that with the right tools, it certainly is.

Continue Reading: Foreclosure Investing: Using the Right Tools

California Faces Another Foreclosure Wave

by Paul McCain on August 12, 2008

California Faces Another Foreclosure Wave

Sitting at the heart of the national housing crisis, the Central Valley in California faces new foreclosure challenges as the prices of basic commodities rise and household incomes contract. This situation is leading experts to believe that the next foreclosure wave is just around the corner.

Continue Reading: California Faces Another Foreclosure Wave

Housing Rescue Legislation: Are You Qualified?

by William Dover on August 11, 2008

Housing Rescue Legislation: Are You Qualified?

Last month, President Bush signed a housing rescue bill, which will provide assistance to at least 500,000 distressed homeowners. The $300 billion legislation is set to be implemented starting October 1

Continue Reading: Housing Rescue Legislation: Are You Qualified?

Foreclosure Seller Tip: Following Up on Your Potential Buyers

Following up on potential buyers, contrary to what many people believe, should not only be done when a potential buyer says “Goodbye” after checking out the foreclosure property you are selling. You should know that the follow up process actually starts as soon as potential buyers walk thru the front door.

Continue Reading: Foreclosure Seller Tip: Following Up on Your Potential Buyers