With the existing foreclosure crisis in America still ongoing, it can be becoming a common practice for many people, qualified or not, to offer their explanations for what has triggered such a meltdown in the home loan business and steep declines in property values. Many of the reasonings offered are nicely thought out and serve to highlight many different aspects for the economy and how its enduring record foreclosure rates. No single discussion...more
Despite the federal government's efforts to curb the enduring foreclosure crisis, many homeowners are still facing the problem of losing their homes to foreclosure. And with the upcoming midterm election, there are 12 states which are worried about their voters as the foreclosure angle complicates the qualification of these distressed homeowners. In the United States, a resident will need to register in the county they are living in, before the...more
The Real Estate market is continuously experiencing a fast decline in home prices as millions more of foreclosures are expected to fill the market in the next few years. This will definitely cause home prices to further ease down and downplay the recovery that some cities are starting to experience. The controversy involving foreclosure paperwork could also cause foreclosures to stay at the same low levels of prices. Recent months have taken a toll on the housing market as fewer people have bought Real Estate, and buyers are turning more to foreclosure purchases and other distressed properties. The latest index for home prices in 20 major US metro areas shows that the average price fell 0.2 percent in August, with 15 cities posting similar declines. According to LPS Applied Analytics, an inventory of homes also reveals that the foreclosure problem is far from over. About 2 million loans are currently on the verge of foreclosure with another 2.4 million borrowers exhibiting mortgage default behavior in their payments. It is expected that prices will fall by another 10 percent over the next year and not much improvement could be seen at least for the same period. Homeowners having...more
It would certainly be a lot simpler if you would learn how to find foreclosures for sale the easiest and most convenient way. The key is to utilize whatever resources you have on hand right now. Also, you should consider taking advantage of the fact that you are living in the information age and knowledge is power.If this is your first time and you...more
When facing foreclosure, one of the first places you should turn to is that of the United States Department of Housing and Urban Development, also known as HUD.There you will find experts who can help to point you in the right direction. One direction that you may be pointed to is that of a HUD approved housing counselor.A HUD approved housing...more
When looking for lower cost home buying options, it is helpful to learn about finding Florida foreclosures. These awesome money saving deals are not listed on the open market. The open market may list homes at much less than before, including offering perks unheard of in previous years, yet there are still homes that can be found for much less than these. This is what is great about finding Florida foreclosures.The awesome savings are what is wonderful about finding foreclosed homes. These properties are often very beautiful with many amenities, but they can be found for tons less than the market value that they would usually be appraised for. A mortgage company that has such a property cannot wait to stop losing money on the property, so they will lower the price greatly in order to attract new buyers. This can save as much as ten to fifty percent.Another benefit of purchasing a home at less than market value is that there is the result of instant equity. Usually it takes several to many years for a homeowner to recoup the money spent on owning a home, if they were to sell it. Florida foreclosures are at the top of the United States list of highest foreclosure rates. Incredible...more
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 market. If youre searching for a foreclosure...more
A lot of people are under the impression that they understand the housing market, but unfortunately, they are actually unaware of all the players involved and how they got so far in debt. As a leading foreclosure lawyer in Oak Brook, Illinois, Ahmad...more
You may think that you should only enter litigation with your lender in a foreclosure case if there is the possibility that you can afford your home, and that if you cant afford your mortgage, you should cut your losses and abandon your home....more
As a respected foreclosure lawyer in the Chicago area, Ahmad Sulaiman of Sulaiman Law and Associates has met with dozens of clients who are facing foreclosure. And many of them are more focused on ending the situation than searching for the options...more
The goal of a proper foreclosure defense will result from an in-depth study of all the documents and the specific narrative of the client. As an experienced foreclosure lawyer of Sulaiman Law and Associates, Ahmad Suleiman has acquainted himself and...more
As a homeowner facing financial hardship, you may think that once you receive a complaint of foreclosure the legal notice telling you a claim has been filed by your lender you have to start packing your bags. But, this couldnt be further from the...more