With hundreds of distressed properties available in the market, theres no better time to invest in foreclosures than today. For a very affordable price, you can buy a house that can bring you huge profits as foreclosed homes are being sold at prices way below their market value. In addition, you dont have to waste your precious time scouring neighborhoods just to find a good investment property.One of the best places to buy foreclosed properties...more
Finding free foreclosure listings in Florida is easy, if you know where to look. Foreclosure listings are hot assets among real estate investors today due to the huge profits that such lists bring. Investors and home buyers alike are targeting foreclosed properties because of their cheap prices. This led to a rise in the demand for repossessed homes and in turn, an increase in interest among investors for foreclosure listings. Free foreclosure...more
Know those deductions surrounding city of Columbus foreclosures Negotiating through all the legalities that can surround city of Columbus foreclosures is much easier when you have the right kind of background information. In the end, it doesn't matter what kind of foreclosure homes you are looking at, knowing about things like deductions even when you're interested in government tax foreclosures is a good idea.One of the biggest deductions you will find has to do with the equity that you've built up as time goes on and, in a perfect world, your investment property will both appreciate in value and deliver a good return when you put it on the market. However, you also have the ability to claim depreciation in many states, including the amount where your property has fallen in value each year based on wear and tear.City of Columbus foreclosures have many different opportunities to claim depreciation and one of them can be the use of a home office if you derive rental income from the property in question. Of course there are other methods and deductions that you can take advantage of whether you are looking at the Columbus foreclosures mentioned above or some other kind of...more
Commercial foreclosures are gaining momentum Even though a recent report has seen the overall home prices in Florida sink 10% in the last little while, one bright spot for that state are commercial foreclosures, which are on the rise, and this is the situation nationally as well. As far as investment in foreclosures of any kind goes, this is...more
Tim Geithner Weighs In On HAMP, Foreclosures Earlier this week the Congressional Oversight Committee lambasted the Treasury Department and its foreclosure prevention programs, specifically the Home Affordable Modification Program.Among other things, the report said:"Treasury's reluctance to acknowledge HAMP's shortcomings has had real...more
Negotiating a Payment Plan on a Foreclosure Be Cautious of Negotiated Payment PlansLet’s say a homeowner has unfortunately gotten behind on their mortgage payments due to a short term financial pothole, but soon find a way to dig themselves out and make additional “catch-up” payments and get their account in good standing once again. You’d think that any self-respecting good-Samaritan Banker would be happy to comply, allowing the needed flexibility and time for their indebted to catch up on amounts owning. But our self-respecting good-Samaritan Banker is caught at a crossroads. Once a mortgage goes into default, he is literally in a race with time to ensure he recovers his due recourse in its entirety. The issue against our homeowner is mortgage insurance. Where mortgages are insured under the National Housing Act by Canada Mortgage and Housing Corporation (CMHC), lenders tend to avoid committing to seemingly acceptable payback plans with their clients. Our Banker’s dilemma is purely a financial one. Lest he trusts you on your word and you don’t fulfill your promise to make up the over-due payments, he may find his own job on the chopping block. The reasons are...more
Finding Out About Your Rights in Foreclosure There are many different sources of foreclosure information out there. So who can you talk to for the right information? Who can you trust?The best place to start is with national or local...more
CNN reported last month that nearly 3 million American homeowners received a foreclosure filing in 2009, setting a new record for the number of people falling behind on their mortgage payments. According to RealtyTrac, one in 45 households or...more
Foreclosure listings are something that you are going to want to look at if you are in the market to buy a home and want to get an incredibly low price. A foreclosure is bad news for the individual facing it but you can benefit from free foreclosure...more
The economic crises across the world have made buying of properties an easier task. This is because under tough financial crises, buying of houses has come at lower prices than the market value. Apart from physical market, a person can check out for...more
There is a lot to be said about investing in residential foreclosures especially considering the large inventory of distressed properties for sale in the market today. Of course, as a home buyer or investor, you only want to learn about the truth...more
Foreclosures in Eau Claire County Remain High The rate of foreclosure in Eau Claire County, Wisconsin, seems to stabilize this year, but it remains high compared to foreclosure rates in the past several years. Market observers in the area...more