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Most recent news and comments by real estate/foreclosure attorneys, real estate agents, Realtors®, certified home inspectors, other real estate professionals and foreclosure home investors.
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Most recent foreclosure blogs
How can you pre-select bank foreclosure properties online before spending your time on the road?
More and more foreclosure home investors are finding most promising bank foreclosures online first, compare their prices online, then negotiate with banks or bid through real estate agents hired by banks. Here's how you can find bank foreclosures online... Continue reading...
Posted: November 5, 2008 ...................................Post a comment
Blog category: Bank foreclosures >
Will rescue package solve foreclosure crisis?
Loan modification will help homeowners by providing lower payment program for five years. Banks and other financial institutions will restructure their loans in a way to accommodate homeowners’ ability to pay.
Will this $50 billion part of the $700 billion package stop foreclosures? Continue reading...
Posted: November 5, 2008 ...................................Post a comment
Blog category: Foreclosure news > Rescue package
Biggest Misunderstanding About Foreclosure Auctions
Foreclosure auctions drive big crowd. And, many people assume that they are bidding on the foreclosure property. This is not true. You bid on mortgages (liens) on the property, nothing more. Continue reading...
Posted: November 5, 2008 ...................................Post a comment
Blog category: Foreclosure auctions>
Negative equity at record high levels
According to CNN, the states where homeowners have the highest negative equity are Michigan (39 percent), Arizona (29 percent, Texas (29 percent), and California (27 percent). Continue reading...
Posted: November 5, 2008 ...................................Post a comment
Blog category: Foreclosure news >
Rules of home foreclosure game is changing after rescue (bail out) package
U.S. Treasury's initial $700 billion rescue package will definitely reduce the number of home foreclosures. Homeowners who relied on Adjustable Mortgage Loans (ARMs) to become eligible for mortgage loan with insufficient income will be able to renegotiate their loans with banks. Continue reading...
Posted: November 5, 2008 ...................................Post a comment
Blog category: Government foreclosures >
Importance of hardship letter in preforeclosure
Hardship letter is a must in pre-foreclosure procedure explaining reasons of distress and financial difficulties of homeowner. It justifies why bank should agree to get paid in an amount less than what homeowner owes. Continue reading...
Posted: November 5, 2008 ...................................Post a comment
Blog category: Preforeclosures >
Biggest Misunderstanding About Foreclosure Auctions
Foreclosure auctions drive big crowd. And, many people assume that they are bidding on the foreclosure property. This is not true. You bid on mortgages (liens) on the property. Nothing more. Continue reading...
Posted: November 5, 2008 ...................................Post a comment
Blog category: Foreclosures auctions >
Some Little Known Aspect of Foreclosure Procedures
Foreclosure procedures in your state: Foreclosure procedures significantly differ in judicial (mortgage) foreclosure and nonjudicial (deed of trust) foreclosure (trustee sale). So, the first step is to find out foreclosure practices in your state. Continue reading...
Posted: November 5, 2008 ...................................Post a comment
Blog category: Foreclosure procedure >
Foreclosure Negotiation After Banks Start Freezing Foreclosures
J.P. Morgan Chase announced on November 3, 2008 that it would not put any more homes in foreclosure status. This freeze will be in effect for the next 90-day period. J.P. Morgan Chase intends to modify its $70 billion mortgage loan portfolio by renegotiating with homeowners to keep homeowner to save their homes from foreclosure. Continue reading...
Posted: November 5, 2008 ...................................Post a comment
Blog category: Foreclosure negotiation >
Don't buy any foreclosure property without inspection
Avoid high risk: Foreclosure homes are distressed and neglected homes. Owners of foreclosure homes are in trouble. You cannot expect homeowners in financial difficulty to maintain and repair their homes with pride of ownership. Expect the worst. Continue reading...
Posted: November 5, 2008 ...................................Post a comment
Blog category: Foreclosure inspection >
Foreclosure financing in financial crisis
Financial crisis of 2008 made lenders more cautious about new lending. However, banks are still in the business of borrowing and lending. And, they have historically the highest level of foreclosed properties that they must sell. Continue reading...
Posted: November 5, 2008 ...................................Post a comment
Blog category: Foreclosure financing >
Buy directly from lenders who have largest inventories of foreclosure properties
Start searching online and with free listings of bank foreclosures and government foreclosures.
Free listings of bank foreclosure homes for sale: Bank of America, after acquiring Countrywide has a large inventory of foreclosed homes. Continue reading...
Posted: November 5, 2008 ...................................Post a comment
Blog category: Foreclosure listings >