It is not news that lenders are feeling the stress of the high foreclosure market. Many homes are becoming abandoned and therefore lenders are attempting to sell their foreclosure properties as soon as possible to decrease their liability. Bank of America has even taken to demolishing houses to help prevent the possibility of abandoned homes [...]
Tag Archives: foreclosure
Phoenix Home Buyer Foundation Program
PHOENIX HOME BUYER FOUNDATION PROGRAM Helping families rebuild the foundation after suffering from a foreclosure or short sale. What is Phoenix Home Buyer Foundation Program? Phoenix Home Buyer Foundation Program was founded on the idea to assist people in purchasing a home again and help stabilize home prices in the Phoenix community at the same [...]
Why Now is the Perfect Time to Invest in Foreclosures
As any real estate professional knows, today’s market is a buyer’s market. Low home prices, dirt-cheap interest rates, and an overflowing supply of homes give buyers the upper hand in the market. But with seemingly every incentive to purchase known to man available now, all at the same time, qualified buyers are still wary of [...]
6 Tips On How REO Agents Can Avoid Legal Trouble With Foreclosure Properties
Experts are predicting that real estate foreclosures will continue to rise through 2012. Unfortunately, with that rise comes an increase in foreclosure fraud and the potential for REO agents to find themselves in the middle of damaging litigation. To avoid legal trouble when working with multiple foreclosure properties, here are some valuable tips on how to [...]
Been There, Done That: Tips for Short Sale & Foreclosure Buyers
Despite what the name suggests, the process of buying short sale properties is anything but short. In contrast, the process can be long, averaging from three to six months or more. However, buying a home in short sale; when a property is sold for less than the outstanding mortgage(s) can sometimes mean big savings for [...]
The Boondoggle that is HAMP – thanks for the help DC
The beat goes on….all of the “special committees”, the federal involvement in FNMA, the “investigations” and “inquiries” into fraud and time bomb loans… and the hundreds of millions of dollars (or billions by now)….and what to show for it? Abysmal performance of Home Affordable Modification Program (HAMP) and a combative stance that essentially mandates struggling owners to destroy their credit before a lender will speak to them.
Atlanta and Other Cities Targeted by Sovereign Citizens – more nuts to mix
Atlanta and many other metro areas are struggling with vacant foreclosed and bank owned homes. Vandalism is not uncommon, break-ins and squatters are seen on a fairly regular basis. Now Atlanta is becoming a playground for “sovereign citizens” – and they are being charged with stealing millions of dollars of property.
When Can I Buy A Home After A Short Sale-Foreclosure-Bankruptcy?
Purchasing a home for Inland Empire residents after a bankruptcy, foreclosure or short sale can be a very frustrating. Most people do not even know how long one must wait before entering the housing market. Documentation is the key to avoiding a frustrating experience for the first time home buyer or even the season home owner. [...]
Foreclosures Before the Clean Up
Many buyers are convinced that foreclosures are the way to go – lenders are willing to drastically cut prices just to move inventory. Buyers however, often lack a clear understanding of the process and what “as is” really means. Being an appraiser specializing in distressed homes gets me inside right after lenders take them back, and what I see never fails to amaze me. I’m also amazed at how little buyers really understand about the hazards of foreclosure properties.
What are the Differences between a Dayton Ohio Short Sale, Deed in Lieu, Foreclosure and Loan Modification?
If you or someone you know in Dayton, Ohio is behind on payments and facing foreclosure, it’s important to understand what Short Sales are, Deed in Lieu, Loan Modifications and Foreclosure itself. Each is very different and can have a long term affect on your credit and your ability to purchase your next home. Just as you see a specialist for a medical condition, you want to speak with a specialist that can help explain your options. A Dayton Ohio Realtor who specializes in Short Sales is a great place to start.
Renting your home from Fannie Mae is an option!
If Fannie Mae is the owner of the property you may be able to stay and rent from the lender or continue a remaining lease protected under the Protecting Tenants at Foreclosure Act. So who is affected by the rental policy? This would apply to qualified renters occupying a Fannie Mae owned home at the [...]
Atlanta #3 in Foreclosure Activity for 2010
Metro Atlanta is the number 3 major nationwide city for foreclosure activity in 2010, with a 21 percent bump since 2009, according to a report released Thursday. Only the Houston and Seattle areas rank ahead of metro Atlanta in the number of reported foreclosure activity, according to RealtyTrac Inc.
In Local News Florida Disney’s Celebration feeling the pain
Even Disney is feeling the economy and foreclosure crunch, the small town of Celebration Florida is looking at high foreclosure rates due to most of the homes in the area were purchased as second homes. The government’s loan modification only focuses on your primary home so unfortunately, most lenders may consider modifying a second home, however, if it means the difference of you getting a loan modification on your first you better kiss good bye the second or third property.
What happens if I am a landlord and my property is in foreclosure?
If you are dealing with clients that maybe either requesting a loan modification or a short sale but they are in foreclosure with tenants in the property, this short article will help you in the right direction and give you some basic information on how to proceed.
What if I have a second lien and I have qualified for a Trial Modification under Home Affordable Modification Program.
If you have qualified your first mortgage under the Home Affordable Modification Program and already have begun making your trial payments, but are wondering if you second mortgage lien will qualify for assistance under the same loan modification program. Here is what you will need to do to find out: - Contact your second lien [...]
Move Those Foreclosures!
It appears that two major lenders are cranking up the foreclosure engines again – welcome news as standing still only prolongs this mess. A company in Tampa has allegedly been showering “robo-signers” with gifts….and when is someone – ANYONE – going to look into the very interesting Atlanta foreclosure housing market?
Here Come the Foreclosure Dead Beat Law Suits
In true American fashion, the foreclosure mess has a spin off – the foreclosure processing crisis. Questions of illegal and improper paperwork preparation have resulted in major lenders suspending action….bring on the dead beat law suits!
Should Buyers Consider Foreclosures?
Should home buyers consider foreclosures? The debacle surrounding them continues to grow with indications of improper legal filings by major lenders. I don’t regard foreclosures as great opportunities – bargains can be had but they are few and far between and once the dust settles they typically wind up at market level.
Understanding the Loan Modification Process in 5 Easy Steps
Cutting through the red tape of the Government program announced back in March of 2009 can be daunting for so many American Homeowners. I’ve done my research and have not found many user friendly sites that actually break it down step by step.
Property Default Solutions, Inc. offers complete REO services
REO-Benefit has spun off it’s asset management business, now called Property Default Solutions, Inc (PDS). PDS Inc is asset management company offering a full array of services for the management and disposition of non-performing real estate and loan assets. PDS Inc is based out of Orange County, Ca. and caters to banks, mortgage servicers and mid-sized to large home [...]
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Carmen Brodeur: Very interesting! I better go buy more wrinkle cre...
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Ria Grace: What is good of having custom home is that you can...
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Patrick: A great online property management forum is agents...
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Kyle Pearce: Unfortunately, in every industry, there are some w...
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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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