With the high number of foreclosures across the country, lenders are struggling to stay above water and find a way to cut their losses. The most recent initiative involves paying homeowners who are facing foreclosure to pursue a short sale instead. At first glance, this may not seem like it would actually cut any costs. [...]
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Judge Rules Wells Fargo Must Face Claims
Wells Fargo & Co. has recently received some devastating news that many lenders hoped to avoid by participating in mortgage negotiation talks. Specifically, the company will be forced to deal with the repercussions of their unethical actions. A Brief Background During the real estate market crash and afterwards throughout the beginning of the mass increase [...]
Taking a Look at the Foreclosure Settlement Holdout States
The much-anticipated – and much-criticized – foreclosure settlement worth $25 billion between five major lenders and the states was finally signed this week, but even though over 40 states put their names on the dotted line, there are still a handful of states that refuse to sign. A review of these holdout states does not [...]
Housing Prices Still Impacted by Foreclosures
There are signs of hope in the American economy in 2012 so far – unemployment is down and the economy is still growing, to name two – but in terms of the domestic real estate market, foreclosures are still having an impact on housing prices. Data released recently indicate that the sale of foreclosure listings [...]
Renters, Take Note: You Have Rights if You’re Landlord Faces Foreclosure
Renters across the country have been in dismay over the past few years as wave after wave of foreclosures has crashed upon the market. The reason is obvious: If the landlord enters the foreclosure process and loses the mortgage, then the lender can evict the present occupant – regardless of any previous rental agreements between [...]
Mortgage Rates Hit Record Low—Again
Throughout 2011, interest rates for fixed rate mortgages hit record lows on numerous occasions. As a result, those looking to purchase a new home or investment property were able to secure homes below market value and increase their savings by obtaining a low interest rate from various lenders. However, many people have wondered how the [...]
Federal Reserve: Foreclosures Do Not Help the Housing Market
In a paper submitted to the Committee on Financial Services in the House of Representatives, Federal Reserve Chairman Ben Bernanke argued something that many experts and analysts have long been saying regarding housing in the U.S.: Foreclosures do not help the housing market and are weighing down a real estate recovery. Specifically, the report states [...]
Why Is the Number of Renters Increasing?
ForeclosureDeals.com recently released an infographic that compares rental prices and home prices over the last three years. According to the data contained in this infographic, home prices have gone down by 46%, while rental rates have gone up by 60%. This trend brings to light one of modern society’s most common debates regarding housing is this: Should [...]
What is a USDA Home Loan and its Benefits?
Many people are familiar with your typical home loans that you secure through a local or national lender. However, USDA home loans are often overlooked when exploring homeownership due to a lack of familiarity with the term. USA home loans provide numerous benefits not only to rural communities but also to the borrower. What, exactly, [...]
Why is it Difficult to Choose between Renting and Buying?
Click image to enlarge When it comes to deciding whether to rent or to buy, many people are stuck weighing the pros and cons of each situation and still being left without a clear answer. However, a recent infographic revealed by ForeclosureDeals.com offers a unique comparison of home prices and rental prices by state. As [...]
Attention U.S. Government: It is Time to Act
The current economic situation within our country and the prolonged foreclosure crisis is becoming entirely too much for many people to handle. Recently, information was released that indicated that the Feds provided banks with $7.7 trillion in bailout money that was kept secret from American taxpayers. This information has made struggling homeowners and those who [...]
Assessing the Strength of the Residential Mortgage Market
The residential mortgage market has been reeling lately, suffering blow after blow over the past five years as a product of one of the largest real estate bubbles in American history popping dramatically in 2006-2007. Now, as 2012 approaches, many players in the real estate industry are gauging the strength of the residential mortgage market [...]
How Should You Invest in Real Estate? A Simple Primer
These days, many analysts, advisors, and investors are pushing real estate as a reliable investment vehicle. This makes sense; even despite the monumental price collapses that have hit the market lately – or perhaps because of them – real estate continues to offer a chance to leverage one’s capital for maximum gains in an increasingly [...]
An Update on Commercial Foreclosures Here and Abroad
Not too long ago it seemed like the commercial real estate market was doing much better than the residential real estate market in the United States and abroad. While the residential foreclosure rate increased at lightning speed, investors and potential homebuyers remained wary. As a result, the residential real estate market was (and still is) [...]
Homeowners, Bad News: Foreclosure Market Isn’t Even Halfway Over
In what will certainly put a hamper on the mood of many homeowners across the country, experts indicate that the foreclosure crisis that has paralyzed the American real estate market for close to five years is not even halfway over – which means more is yet to come. Industry experts, including the Center for Responsible [...]
Mortgage Woes Contribute to Real Estate Woes
If there was any doubt prior to 2007 as to just how important the housing market is to the U.S. economy, there isn’t any more – not after several years of declining home values, falling existing home sales, and sluggish demand for real estate. GDP is barely keeping above water, and real estate is a [...]
Deciphering Real Estate Numbers
It is no surprise that many people are expanding the scope of their business as a result of the rocky economy. Many lawyers have moved to judicial foreclosure states in an effort to capitalize on the high foreclosure rate throughout the country. In addition, with the incredibly high unemployment rate, many businesses are seeking to [...]
Bank of America Listens to Debit Card Fees Outcry, but Ignores Foreclosures
It is undeniable that social media has made it much easier for people to bind together toward a common cause. Occupy Wall Street protestors have utilized social media to gather people in various cities across the country, many of which are protesting foreclosures and occupying abandoned buildings. Recently, Bank of America (which has been a [...]
What are Dual Agency Relationships and how do they Work?
When you select a real estate broker, you often want this broker/agent to be on your side regardless of whether you are buying or selling the home. If your broker only represents you in the process, then you have a single agency relationship with your broker. For example, if you are selling a home and [...]
Looking for a Real Estate Agent? Ask the Right Questions
When looking for a real estate agent there are several things you can take into consideration. What is their style? When hiring a real estate agent you are essentially hiring someone to represent you throughout the process. Therefore, you probably want someone that represents you in a positive light. What is their approach? Are you [...]
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FHA 203k Loans: For many homeowners remodeling could be a better a...
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Rob@Jupiter Real Estate: In Florida we have many condos located on oceanfro...
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Larry: It should almost be a necessity to have a swimming...
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New Media 4 Agents: I think we are past the stage of wondering if it w...
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Jim Wagoner: Good information we all should try to live by....
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$10000 California First Time Home Buyer and New Home Tax Credit Extended
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Unite Against the Sarasota MLS Board
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Short Sale Heaven Coming April 5th 2010
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The Lones Group – Real Estate Social Media Marketing Firm – Sues Agent For Being A Zebra
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California Senate Bill 94 (SB94): Passes; Not even Attorneys can do it!
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