Real estate investors find Atlanta foreclosures a very profitable venture. Nowadays the prices of the foreclosed properties have gone down in the region of Atlanta. One can come across a lot of variety as far as properties are concerned. The properties are available in a wide price range. The dip in the price of real estate in Atlanta makes it an obvious choice for all the real estate investors. The city of Atlanta has grown on to become a...more
Attractive Investments in Foreclosures in Kansas City There are several good reasons to invest in foreclosures in Kansas City. Apart from the great discounts and incentives being offered to foreclosure investors, buyers have the opportunity to reside in an economically sound community that has high marks on livability, community services, recreation, education and health as well as access and transportation.Foreclosures in Kansas City can...more
Understanding the Process Involved in Property Foreclosures The steps involved in property foreclosures vary depending on the agreement between the lender and the homeowner. Laws governing foreclosures may also differ from one state to another. People who are having difficulties paying their mortgage loans should exert effort to learn the foreclosure process to have a better chance of avoiding it. How Homes Get Foreclosed Foreclosure happens when a homeowner defaults on his mortgage loan. After a certain period of time, the lender or bank that holds the mortgage can foreclose on the house and sell it to recover the amount lost from the loan default or take over ownership of the property through repossession. The actual process starts when the lender files a default notice called Lis Pendens or Notice of Default. What Homeowners Can Do A homeowner can retain his property if he can pay the loan and make it current. In most cases, a homeowner negotiates an agreement with the lender and they agree on a time frame within which the homeowner will have to pay for the amount that he was unable to pay for in time. Another option is for the homeowner to sell the house before it...more
Foreclosure Restarts Get Slow JP Morgan Chase & Co and Bank of America have finally started efforts to resume sales of about 230,000 foreclosed homes across the US. However, observers noted that the mortgage lenders are hitting snags. Thus, it is expected that numerous foreclosure cases would remain unclear until the early part of next year....more
There is a ton of problems that you can think of when it comes to foreclosed properties. From financial to the physical aspect of the home, there may be an issue or a hassle. In all of these, you have to be willing to handle all the problems that exist in dealing with foreclosures. Since not many investors put their money in this industry, you can...more
A Speedy Solution to the Foreclosure Crisis A speedy solution to the foreclosure crisis following the disclosures about foreclosure documentation fraud is imperative for all concerned – the house owners, the mortgage industry and the government at the federal and state levels; it is best for the economy.Talks are on between the banks and the attorneys general for the setting up of a fund – the first of its kind in the history of the industry. The aim is to pay compensation to those house owners who can prove that they have been wrongly foreclosed upon.The attorneys general of all the states have teamed up to investigation the foreclosure issue. They have been tackling the banks one by one but the terms are broadly similar. The officials of the state have focused on Bank of America, JPMorgan Chase and Wells Fargo. The expectation is that any agreement with them will be a blue print for agreement with others.The fund matter is being looked upon by each side separately. The most contentious point is abut how much should be the contribution of each, the time period and who would take the decision about which of the house owners should be compensated.Another bone of...more
Foreclosure Inventories Rise to Record Levels in October It is quite logical and not surprising that the level of foreclosure inventory rose to all-time highs in October. According to the October Mortgage Monitor Report of a mortgage...more
Need Foreclosure Help? Don't Look for it on Late Night TV! Home foreclosures are on the rise and so are the sneaky tactics of scam artists. There are many foreclosure rescue scams advertised on late night television and online. The old...more
Finding a Residential Property From HUD Foreclosure Listings Houses under HUD foreclosure listings are some of the most affordable residences available in the U.S. Like other foreclosed properties, HUD houses are offered at almost half their...more
If youre struggling to meet the payments on your home, have fallen into delinquency and you can see no light at the end of the tunnel then you may have to concede to losing your home. While this is likely to be an unpleasant experience to any person,...more
It is in FNMAs mission to make homes available for home buyers. As a lending company, FNMA gives you help in landing that dream house you have always wanted. FNMA offers programs for homeowners and buyers in purchasing a home. A home that is...more
Hiring the Right Foreclosure Attorney As a part of Sulaiman Law and Associates, Ahmad Sulaiman has represented dozens of homeowners who could no longer afford to pay off their lenders because of the current state of the economy and housing...more