Articles
| Foreclosures |
Buying Foreclosed Property from a Bank
March 4, 2010 Posted by Peter Connor
New York, NY - March 4, 2010 - (RealEstateRama) — Most banks are in the business of making money from loans on houses, not from actually owning houses. Therefore, when they are required to foreclose on a bad home loan, the first thing they want to do, after they finalize the foreclosure process, is to sell the house in question. They merely want to recoup as much as possible of their loan amount as quickly as possible. As a result, for the smart investor, there are often great bargains available in the foreclosure market.
Several Ways to Find Cheap Foreclosures
February 1, 2010 Posted by RealEstateRama
Los Angeles, CA - February 1, 2010 - (RealEstateRama) — Because of the collapse of the subprime market and the growing number of unemployment, the real estate market is swamped with affordable foreclosures. Foreclosure means disaster to some people but a gold mine for others. If you are one of those people who want to jump on the bandwagon of foreclosure investing, there are some ways to make sure that you are getting a better deal. But the first thing you need to remember is that though foreclosed homes are cheap, you can still get better properties at a very low price. All it takes is to know where to look for these good deals.
The Mortgage SAFE Act: Safe, or an Act? Check Your Mortgage Expert Carefully
January 7, 2010 Posted by Joffrey Long
Granada Hills, CA - January 7, 2010 - (RealEstateRama) — Refinancing to the wrong residential loan could cost you your home, ruin your credit and disrupt family. In an attempt to combat faulty lending practices, earlier this year, lawmakers passed the Secure and Fair Enforcement Mortgage Licensing Act “SAFE Act.” It establishes a national standard mandating consumer protection against fraud and misleading lending practices. Crafted to abolish shoddy residential lending, SAFE primarily institutes a system for licensing and registering loan originators. California must comply with enact requirements by the end of 2010
Loan Dispute Mediation
November 18, 2009 Posted by Joffrey Long
Granada Hills, CA - November 18, 2009 - (RealEstateRama) — While opinions differ on the percentage of loan workouts that wind up in default, there’s no question that a large number of them do. Foreclosure often leads to disputes, which lead us to mediation. Mediation, which should not be confused with arbitration, (FN1) is simply a formalized attempt by the parties to resolve differences, with the assistance of a skilled third party negotiator. Mediation can be brought about by a contractual agreement (that originated prior to the dispute) or by mutual agreement when a dispute arises.
Buyer Beware: Tips from the FDIC on How to Protect Against Foreclosure Frauds, Easy Money Schemes and Other Costly Deals
May 27, 2009 Posted by FDIC
Arlington, VA - May 27, 2009 - (RealEstateRama) — Many people concerned about their mortgage, their job or their finances may be especially vulnerable to scams and other costly “fixes” for their problems. The Federal Deposit Insurance Corporation today issued a variety of tips to help consumers be on guard financially in the current economy.
Buying Foreclosed Homes: Deal or No Deal?
April 23, 2009 Posted by RealEstateRama
Bound Brook, NJ - April 23, 2009 - (RealEstateRama) — HouseMaster®, the first and one of the largest home inspection franchisors in North America, reports there are abundant opportunities for qualified homebuyers in the current real estate market - triggered by a 28 percent rise in foreclosure activity from last year. While President Obama’s $75 billion loan modification and refinancing Homeowner Affordability and Stability Plan will help as many as 4 million struggling home owners it won’t save everyone from foreclosure resulting in prime deals for qualified homebuyers.
U.S. Cities Where It’s Hardest To Get By
April 17, 2009 Posted by RealEstateRama
These struggling metros have a combination of high unemployment, steep cost of living and low median income. There are few smiles among those who live in Providence, R.I., these days.
Smart Ways To Profit From Foreclosures
June 19, 2008 Posted by RealEstateRama
With 700,000 bank-owned homes on the market, and another one million in some state of foreclosure, according to RealtyTrac, an Irvine, Calif., provider of foreclosure listings, you might be tempted to add a distressed property to your portfolio
Foreclosure Scams Lurking In Your Neighborhood
May 27, 2008 Posted by RealEstateRama
Delinquent homeowners looking to break free from default notices are getting tricked by brokers promising to save them from foreclosure, only to make off with thousands in fees or what home equity is left.
American Housing Market Still Sliding
May 6, 2008 Posted by RealEstateRama
With an increasing number of Americans losing their homes and house prices tumbling, the credit-crunched U.S. mortgage market may not yet have found its bottom
