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Real Estate Investing: Denver and New York City
Published on 2012-10-18 12:00:13
Finally, everyone is on board and understands that real estate market recovery is underway; the news is no longer filled with predictions of another real estate market crash or questioning whether or not we have reached the bottom. Apparently that issue has finally been resolved - we are making progress toward recovery and everyone essentially agrees.
Eazy-E’s Widow Loses California Pad to Foreclosure
Published on 2012-10-01 12:21:31
Easy-E may be gone, but legal problems remain - especially with his California home that was lost to foreclosure this year. Eric Lynn Wright, better known as Eazy-E, is well-known for his solo gangsta rap performances and albums as well as his connection with the group N.W.A.
QE3 Leads to Lower Mortgage Rates
Published on 2012-09-20 15:21:38
Over the last few years, the real estate market has definitely been a buyers market - meaning that mortgage rates and home prices have been incredibly low. As a result, potential homebuyers and investors have seen unbelievable opportunities to purchase properties for well below market value.
Young Couples are Ready to Buy Real Estate
Published on 2012-08-31 14:40:12
Over the last few days, some interesting news has come out in regards to the current real estate market. For example, 23% of home sales in the 2nd quarter were foreclosure properties. Furthermore, the price of the foreclosure increased 6% from the 1st quarter of 2012.
Real Estate Investor? Consider College Towns
Published on 2012-08-23 15:20:08
The current real estate market lends itself to some absolutely unbeatable deals. With an abundance of foreclosure properties on the market and low home prices, it is more than obvious that now is the perfect time to invest in real estate-especially with news of real estate market recovery underway.
A Look at the FHFA Foreclosure Pilot Program
Published on 2012-07-03 14:47:21
Over the last several years, foreclosure properties have dominated the housing market, providing incredible deals to homebuyers and investors across the country while at the same time placing a burden on lenders.
How To Determine Your Budget for Your Next Home Purchase
Published on 2012-04-11 09:07:06
Interested in buying a home? If you are, like so many others past and present, you are probably preoccupied with figuring out how much home you need.
Even Today, Its Still a Buyers Market And Prospects Are Looking Up
Published on 2012-04-04 09:38:47
When asked how important the economy is to deciding one’s vote in the elections coming up this fall, an overwhelming 87% of voters polled have said it was either extremely important or very important.
Buying a Home or a Foreclosure? It Helps to Get a Pre-Approval Letter
Published on 2012-03-30 08:59:08
When buying a home in any market, showing sellers you are serious about buying – and have the means to pay for your purchase – is always important. (If you are buying foreclosures at foreclosure court auctions, you will definitely need that proof.)
A New Way to Stop Foreclosure?
Published on 2012-03-27 09:46:54
There are roughly 10.7 million American homeowners underwater, which is about 22.8% of all residential mortgages in existence today.
30-Year Fixed Mortgage Rate Exceeds 4.00%
Published on 2012-03-23 09:15:51
When it comes to the real estate market, most people know that 2006 marked a peak for home prices that was followed by a real estate market crash. Since the crash, the real estate market has been full of foreclosure properties, which has continued to drive down home prices.
Is the Overvaluing of Homes Leading to More Foreclosures?
Published on 2012-03-19 09:59:41
The foreclosure crisis continues unabated, with more foreclosure listings headed toward the market this year.
Bank of America, Federal Government Reach an Agreement for Bigger Mortgage Balance Reductions
Published on 2012-03-16 11:09:58
When the foreclosure fraud settlement – now called the National Mortgage Settlement Agreement – was reached in February, critics railed at its terms that did little to punish the offending lenders at the heart of a fraudulent foreclosure process or help those who are currently struggling with underwater balances.
Surprising Victims of the Foreclosure Crisis: Churches
Published on 2012-03-13 08:56:59
Foreclosure victims, for the most part, are made of people and institutions from all walks of life. Foreclosure, as weÂ’ve seen, isnÂ’t limited by race, gender, age, income level, profession, location, or any other factor.
More Foreclosures On Their Way, Especially From Fannie Mae, Freddie Mac
Published on 2012-03-09 09:02:02
Housing experts have long estimated that foreclosures will rise in 2012 as a result of a massively backlogged foreclosure pipeline dating from 2010 – the year that foreclosure fraud scandals put a screeching halt to the foreclosure process for over a year.
More Foreclosures, Short Sales Sold in 4Q 2011
Published on 2012-03-07 09:33:18
The new year has witnessed a resurgence of sorts in the housing market – at least in some areas that have had price increases and decreases in foreclosure rates. But overall, 2012 is beginning to look more like a return of the foreclosure market of 2010 –with a vengeance.
Fannie Mae and Freddie Mac Refuse to Help Struggling Homeowners
Published on 2012-03-02 10:14:14
The real estate market crash and foreclosure crisis has led to a significant fall in home prices across the country. In fact, home prices are still falling, and according to S&PÂ’s Case-Shiller Home-Price Index, they have fallen a significant 33.8% from their peak in 2006.
The Middle Class is Missing the Boat on the Housing Market Recovery
Published on 2012-02-29 09:49:12
A cursory review of housing market statistics over the past few months uncovers a few trends that, on the surface, appear to be positive and encouraging.
States Using Foreclosure Settlement Funds to Plug Holes in Budgets
Published on 2012-02-27 09:36:33
The $26 billion (and potentially even more over the next three years) put up by five major lenders per the terms of the recently-signed National Mortgage Settlement Agreement is a huge chunk of money that could potentially be a huge boon to foreclosure victims and current homeowners across the nation.
A Closer Examination of How the Foreclosure Settlement Payment Breaks Down
Published on 2012-02-22 09:10:50
The National Mortgage Settlement Agreement, signed into action a couple of weeks ago, is still being developed and fleshed out as we speak. With that being said, the main emphasis – the $26 billion owed to states, the federal government, and individual homeowners all across America – is set in stone; what is to be developed now are the particulars of how much money goes to whom, and when that can be expected to occur.
Foreclosure Investors: More Foreclosures Are Coming Your Way
Published on 2012-02-20 09:45:20
Just over seven months ago, the real estate market was hit with a prediction: there would be nearly one million delayed foreclosures that shouldÂ’ve hit in 2011 but instead would arrive in 2012.
Shareholders and Wells Fargo Disagree
Published on 2012-02-17 09:07:42
Many lenders desired for the robo-signing damages and the results of other sketchy foreclosure processes and procedures would end with the conclusion to mortgage negotiation talks. However, the agreement failed to protect these lenders from future litigation, which has opened up the flood gates as everyone from investors to government officials are filing lawsuits against major lenders.
The Housing Market is Holding Back the Economy, Says Bernanke
Published on 2012-02-14 09:05:27
The Chairman of the Federal Reserve, Ben Bernanke stated today that he believes his organization is being hindered in its efforts to restore stability to the economy because of the poor performance of the U.S. housing market.
Think the Banks Will Pay with the New Foreclosure Settlement? Think Again
Published on 2012-02-08 13:11:15
The long-awaited foreclosure settlement for years of robo-signing, rubberstamping, and other fraudulent foreclosure practices is here, and over 40 states have signed the agreement calling for $25 billion from five major lenders (Bank of America, Wells Fargo, Citibank, Ally Financial, and JPMorgan Chase).
Homeowners Participating in Short Sales Beware: The Tax Man Cometh
Published on 2012-02-06 09:28:10
Did you know that debt forgiven during a short sale or debt-forgiveness program is subject to tax (since the IRS considers the amount of the forgiven debt as income)? Most people don’'t and that could result in significant financial stress come tax time.
Cash-Out Refinancing Still Not Popular with Homeowners Today, Says Freddie Mac
Published on 2012-02-03 10:00:48
Today, Freddie Mac, one of the two largest owners of mortgages in the United States (along with sister company Fannie Mae), reported that homeowners who opted to take cash out when refinancing their homes during the fourth quarter of 2011 was at the lowest point in the 26 years the company has been keeping up with those numbers.
Investing in Foreclosure Soars as Government-Led Rental Program Nears
Published on 2012-02-01 13:18:26
Investors have been heavily interested in buying foreclosure properties in stricken real estate markets across the country since the foreclosure crisis began in 2007, but lately investing in foreclosures has picked up considerably due to the eminent implementation of a federal foreclosure-into-rental program.
Home Affordable Modification Program to be Continued Through 2013, Expanded
Published on 2012-01-30 09:32:11
Victims of the foreclosure crisis and underwater homeowners alike will be pleased to know that the federal government is extending the mandate for the Home Affordable Modification Program (HAMP) through 2013, and will also expand its role as the government continues to combat the housing crisis.
Hard-Hit Foreclosure Victims Look to Republican Candidates for Answers
Published on 2012-01-27 10:56:38
As the 2012 Republican primary season rolls on, with the next primary in Florida on Tuesday, January 31, foreclosure victims, underwater homeowners, and owners of distressed properties in the Sunshine State look to the slate of candidates for proposed solutions as they tour the state in advance of the election.
Will Homeowners Benefit from the $25 Billion Foreclosure Settlement?
Published on 2012-01-25 10:05:41
People who say that the proposed $25 billion foreclosure settlement between states and five major lenders is near are perilously close to the boy who cried wolf, but this time a resolution may actually be near.
2012 Delivers More Good News for the Housing Market
Published on 2012-01-23 10:19:12
This week, reports released indicated that existing housing sales figures in the U.S. finished December with a strong 5% increase, putting the statistic in the black for the year and lending credence to the notion that a housing crisis recovery could be in the works.
Foreclosure Figures: National Shadow Inventory Worth Hundreds of Billions
Published on 2011-07-05 14:05:13
We all know by now what shadow inventory is – the collection of mortgage delinquencies and defaults that have not yet been put on the market by underwater homeowners or homes that are in foreclosure but haven’t been sold or
Trump Gives Bank of America a Taste of Reality
Published on 2011-07-01 14:28:13
Donald Trump has been all over the news with his brief attempts to run for President, which is likely just another way to obtain media attention. However, now the spotlight has turned from his presidential campaign and onto real estate, of which Trum
Former Baywatch Beauty Pam Anderson Sued Over Real Estate Deal
Published on 2011-06-30 14:52:25
Celebrities and the well-to-do have been caught up in the foreclosure crisis almost as much as everyday Americans. Their properties, at times worth millions, have gone under and been sold at foreclosure – and those are just the ones that have m
Foreclosure and the Rich and Famous: Former McCain Mansion Up for Sale
Published on 2011-06-29 12:57:29
The foreclosure market does not really discriminate all that much, striking rich and poor, young and old alike in cities, in suburbs, and in the country. No one is immune, and we’ve reported previously on several properties owned by celebrities
Deadline for Federal Emergency Homeowner Assistance Looms
Published on 2011-06-28 14:25:30
The foreclosure crisis continues, with more waves of foreclosures pending. Short sales, REOs, and other forms of distressed properties have taken their tolls as well on homeowners and home values. And millions of Americans live in the world of shadow
Real Estate Mogul Corcoran Says Now is the Time to Buy
Published on 2011-06-27 14:05:18
We’ve been on record numerous times as being advocates for buyers who are looking for the right time to make a move in the foreclosure market. The combination of high foreclosure inventory, low home prices, discounts for buying foreclosures and
Fannie Mae, Freddie Mac Sued by Michigan Counties
Published on 2011-06-24 13:00:40
In what is a surprising development in the foreclosure crisis, two of the nation’s largest home loan guarantors - Fannie Mae and Freddie Mac – were sued by Michigan counties who allege that the two agencies dodged taxes and cost the state
Shadow Inventory in Housing Market Decreases Across Nation
Published on 2011-06-23 13:44:45
Those who are into real estate and the foreclosure market probably have at least heard of the term “shadow inventory”, but many do not understand exactly what it means for the market as a whole and for their individual investments. This i
Shopping Center Near Arizona Cardinals, Phoenix Coyotes Faces Foreclosure
Published on 2011-06-22 12:50:42
Arizona has long been recognized as one of the epicenters of the foreclosure crisis. That state, along with nearby neighbors California and Nevada, were hit hard by the waves of foreclosures that started happening all over the country in 2007 when th
Dallas Area Foreclosure Postings Drop Sharply for July
Published on 2011-06-21 13:48:44
Foreclosure auctions all over the country are the primary means of buying discounted homes through the foreclosure process to investors and homebuyers alike. Homes that will be sold via these auctions are generally posted in advance, so we know what
Investors Snap Up Cheap Bulk Foreclosures
Published on 2011-06-20 10:59:06
It’s no secret that the foreclosure crisis has resulted in a massive inventory of discounted homes that offer steep bargains and price reductions to investors and homebuyers. What you may not know, though, is exactly how cheap some houses may b
Help Out There For Homeowners in Distressed Properties
Published on 2011-06-17 14:26:26
The foreclosure market continues on, and more and more distressed properties are being added to the already overcrowded market each and every month, all across the country. The foreclosure rate also continues to climb in certain areas, even though it
Unemployment Claims Fall While Housing Starts Pick Up
Published on 2011-06-16 13:26:10
The real estate market as we know it is impacted by a lot of different factors and influences. The economy, of course, is the main one, with unemployment being a pretty big part of the problem. As people continue to file for unemployment claims, they
Philadelphia Foreclosure Prevention Measures Seem to be Working
Published on 2011-06-15 13:39:06
Some cities actually escaped the real estate market collapse relatively unscathed. Others were hammered hard and are still struggling to recover. Philadelphia, the City of Brotherly Love, is a combination of both; early on, from 2007 to 2008, the cit
Bank of America in the Spotlight Again
Published on 2011-06-14 14:04:34
It seems as though Bank of America Corp is unable to catch a break. Lately the bank has been in the spotlight with national attention due to the couple that foreclosed upon Bank of America as a result of the company’s refusal to pay attorney fe
A New American Dream? Probably Not.
Published on 2011-06-13 15:23:06
Rumors have been flooding the media in regards to how the current housing situation relates to the traditional American Dream of homeownership. Some speculate that the changes in the housing market and increased number of foreclosures have altered th
Empty Homes, Inventory Continue to Dominate Markets
Published on 2011-06-10 11:06:00
If there is one constant across the country when it comes to the real estate market, it is high housing inventory. Existing inventory remains sky-high all over the nation because of low prices and stifled demand – brought about in part because
Signs of Stability in the Housing Market? The Jury is Still Out
Published on 2011-06-09 12:58:16
The housing market has been like a rollercoaster – up, then down, over and over again. But, over the past few years it has been more like the world’s tallest rollercoaster: mostly down, with a drop that seems to go on and
Making Money off of Real Estate This Summer
Published on 2011-06-08 13:18:30
We love to point out opportunities for people like you to make money off of real estate whenever possible. This mostly comes in the wonderful world of buying foreclosures at incredible discounts and selling them for a profit (hard to ignore when some
Where Are the Hot Markets?
Published on 2011-06-07 11:41:29
We know that the real estate market across the country, on average, is down considerably. Some places have home values that date back to 1998, while some go back even to the 1980’s. That’s a huge drop, and in some areas, the fall isn̵
Foreclosures Backfire on Bank of America–Couple Takes a Stand
Published on 2011-06-06 14:12:35
Many homeowners across the country are fed up with the wrongful foreclosures by many lending companies across the country. One Florida couple feels that Bank of America has taken things too far and plotted their own foreclosure on the
Have We Reached a Foreclosure Peak?
Published on 2011-06-03 14:28:28
Foreclosure rates have been up and down, here and there, over the past five years. For the most part, they were up – steadily increasing year after year as waves of foreclosures crashed down onto the market. Housing prices have dropped, and for
Signs of Real Estate Progress Evident in D.C.
Published on 2011-06-02 11:46:46
Many investors and homeowners alike have a keen eye focused on the housing market to determine its current status and gauge whether or not progress is occurring. Daily news and blogs provide a glimpse of hope for those in the real estate arena as rep
National Foreclosure Market Update By the Numbers
Published on 2011-06-01 13:38:41
Statistics don’t lie. They are a dependable source, so whenever possible, we like following the latest statistics for the real estate market across the country to identify trends and see where the market is
Banks in Hot Water, Could Facet Billions in Foreclosure Case
Published on 2011-06-01 09:51:03
We’ve been following with interest the ongoing foreclosure scandal case between several major banks and the federal government, namely because – with the exception of the obvious issues of falling prices, slack demand, and ongoing foreclo
National Association of Realtors Says Home Sales Down
Published on 2011-05-31 16:02:02
In the ‘up one minute, down the next’ housing market we live in, each week brings new revelations. While existing home sales were improving a week or two ago, they are now declining once more – leading many to w
Banks in Hot Water, Could Be Out $17 Billion in Foreclosure Case
Published on 2011-05-25 14:40:45
We’ve been following with interest the ongoing foreclosure scandal case between several major banks and the federal government, namely because – with the exception of the obvious iss
Buying a Home? Read these Essential Tips on Avoiding Foreclosure
Published on 2011-05-24 13:25:55
Palin Purchases Arizona Home
Published on 2011-05-23 14:27:46
Many homebuyers across the country are taking advantage of the incredible home prices and low mortgage rates. Everyone from first time homebuyers to investors alike is making home purchases during this prime purchasing time. However, your aver
Foreclosure Crisis Continues
Published on 2011-05-20 13:48:58
An Update on Home Sales for April
Published on 2011-05-19 13:22:27
We like to take a look at certain housing market statistics every now and then, mainly to gauge where the real estate market is headed so you can be aware of any major moves in the market. While it can be tough to predict where the market will b
A Closer Look at Foreclosures in the United States
Published on 2011-05-18 15:09:04
Despite the decline in the foreclosure filings due to slowed lender processes, the country is still experiencing an incredibly high foreclosure inventory in comparison to one year ago. Specifically, we are looking at a 12.7% increase in forecl
Are Foreclosures Safe Buys for a Live-In Home?
Published on 2011-05-17 11:00:42
The short answer: Absolutely! Of course, the long answer involves several issues you will want to consider before you say yes to purchasing a foreclosure on the market. First, a little about the foreclosure process itself.
Rethinking Real Estate Investment in this Economy
Published on 2011-05-16 14:27:27
If one thing is for certain in the real estate market today, it is this: Investors and homeowners alike can’t make heads or tails out of the market to the point where anyone feels confident about either investing or buying homes.
Considering Renting? The Market Says BUY
Published on 2011-05-13 13:51:14
Dayton in Ohio is facing falling home prices which affects the local rental market. Throughout the country, most people are trying to decide between renting and buying. Traditionally, renting wins out as tenants do not have to pay for repairs
Optimism Amid Federal National Mortgage Association Foreclosures
Published on 2011-05-13 08:33:54
The level of bank foreclosures and Federal National Mortgage Association foreclosures in New York may not have risen to the level seen in hard-hit areas like Nevada and Arizona, but the housing crisis did affect the region. A recent poll conducted by
Bank Foreclosures and Freddie Mac Homes for Sale Pull Values Down in 1Q
Published on 2011-05-12 11:15:47
The huge amount of distressed Freddie Mac homes for sale and bank foreclosed dwellings in the U.S. caused values of residential properties all over the country to decline to their lowest point since 2008. Data for the first quarter of 2011 showed tha
Sales of Regular and Pre Foreclosed Homes Fell in Orange County
Published on 2011-05-11 07:44:24
Sales of residential properties in Orange County, California, including regular dwellings, condos and foreclosed and pre foreclosed homes, declined during the 22-day period ended April 12, 2011. Figures were down from the same period a year ago by ov
Mediation Not Working As Foreclosure Sheriff Sales Continue to Rise
Published on 2011-05-10 09:01:21
The number of foreclosed properties being offered at sheriff sales in Florida continues to rise despite the mediation program that has been put in place in March of last year to get lenders and borrowers to negotiate for foreclosure alternatives. The
Efforts to Prevent Foreclosures Unable to Hold Back Increases
Published on 2011-05-09 08:44:53
Several initiatives to prevent foreclosures have been launched by the U.S. government in the past few years. However, certain areas of the country continue to post higher foreclosure rates at the start of 2011. In Texas, the housing market crisis did
Foreclosed Townhouses and Commercial Foreclosures Down in Texas
Published on 2011-05-06 08:56:19
The number of foreclosed townhouses and other residential foreclosures has gone down in most Texas markets during the January-May 2011 period. Another significant real estate data for this time frame was the drop in commercial foreclosures, including
Bank of America to triple the number of mortgage outreach centers
Published on 2011-05-05 11:21:23
Partly in response to public criticism and to comply with consent orders signed last month, Bank of America, the largest mortgage service in the nation, will triple its number of outreach centers. The bank will open 28 new locations, bringing the pre
Number of Bank and VA Foreclosed Homes Set to Rise in Chicago
Published on 2011-05-05 09:55:02
The volume of bank as well as VA foreclosed homes is expected to soar again in the next months in Chicago, Illinois as foreclosure proceedings on local households increased during the first three months of 2011. This follows a lull in activities that
Repossessed Houses for Sale and Foreclosure Filings Down in San Diego
Published on 2011-05-04 10:02:02
The number of foreclosure-related actions in San Diego County, California, including default notices, foreclosure auction sales and repossessed houses for sale, has declined during the January-March 2011 quarter. When compared with the same period of
Foreclosed Multi Family Homes for Sale Rising in New York
Published on 2011-05-03 08:47:41
The number of foreclosed multi family homes for sale in New York City has risen in the past few years. A study conducted by the Furman Center for Real Estate and Urban Policy of New York University has revealed that foreclosure notices issued to rent
Can a Mortgage Company Owe You Money From a Foreclosure?
Published on 2011-05-03 07:44:01
The short answer: Yes, it can.
State Snapshot: Taking a Look at the Real Estate Market in Texas
Published on 2011-05-02 15:28:13
For the past decade, Texas has been one of the fastest-growing real estate markets in the country. Dallas, Houston, Austin, and other rapidly-growing population centers in the state have made it a haven for real estate investors who want to profit. A
How does the High Foreclosure Rate affect the Rental Market?
Published on 2011-05-02 13:58:27
This question is frequently asked and often puzzles investors and real estate experts alike. The fact of the matter is that there is not a direct correlation between high foreclosure rates and the rental market; instead, the effects greatly depend on
Buyers’ Interest Goes Beyond Bank and Government Tax Foreclosures
Published on 2011-05-02 09:56:32
Homebuyers' interest in cheap bank foreclosed properties and government tax foreclosures had been well-documented. In certain areas of the U.S., however, sales of more expensive dwellings are also picking up. In Denver, Colorado, buyers were busy
What Exactly are the Major Differences Between a Foreclosure and a Short Sale?
Published on 2011-04-29 13:28:49
With distressed properties, there are generally three options available to a homeowner. The first is to modify the terms of the loan so the homeowner can make the payments and keep the house. The second is to complete a short sale, and the third is f
Homebuilding Improves Amid Foreclosed Manufactured Homes for Sale
Published on 2011-04-29 08:55:44
Distressed single family dwellings and foreclosed manufactured homes for sale are sold at heavily-discounted prices and are far cheaper than new houses. Since the start of the housing market crisis, these distressed properties have taken a huge chunk
How Long Do You Have To Own Your Home To Apply For A Reverse Mortgage?
Published on 2011-04-28 12:05:33
When considering a reverse mortgage, there are several things to take into consideration. The individual must be at least 62 years old and must either own the property or be able to pay off the property with the equity in the house. Furthermore, the
Foreclosed Land for Sale and Distressed Homes Projected to Rise in Utah
Published on 2011-04-28 08:06:43
Housing industry experts in Utah are predicting that the number of residential foreclosures and foreclosed land for sale in the region will reach 40,000 by the end of the current year. According to them, the housing crisis in the state will get worse
How Do I Find Out if a Property is in Foreclosure?
Published on 2011-04-27 14:12:00
Every year, thousands of properties are placed in foreclosure, and are up for sale at auctions around the country. Finding these properties and determining if a property is in foreclosure can help investors and prospective homebuyers alike hone in on
Bank and Government Foreclosures Hurting Prices in Twin Cities
Published on 2011-04-27 08:05:44
The high number of bank and government foreclosures is still hurting residential prices in most areas of the Twin Cities in Minnesota, analysts have claimed. For the first quarter of 2011, prices and sales were down from last year, along with the inv
How do I Locate Abandoned or Distressed Properties?
Published on 2011-04-26 11:13:06
There is a variety of ways to locate abandoned and distressed properties, which are properties that are being sold due to the homeowners’ inability to fulfill mortgage obligations. Although there are many ways to secure a list of these properti