Thinking of good options on how to save your home from being seized by the mortgage company can be really tough if you are not aware of your foreclosure rights. Knowing and understanding your rights in foreclosure can help you rescue your property and get out of the trouble. One of the rights you have is to procure or buy the home before the specified period of time through a redemption process. Another option you have is to negotiate with your...more
Foreclosure is something which nobody wants to face in their entire life and Short sales is the best option to go with. There has been more than estimated cases of Foreclosure in US and most of the cases have been efficiently handled by Short sale brokers. Foreclosure is not only an embarrassing situation but also can put anybody in much of depression. Rise in Foreclosure cases has been due to loss of jobs and with second biggest factor is...more
Majority of US cities across the country, with Chicago and Seattle on the lead, are high on foreclosure activities over the last few months. Nineteen out of the top 20 metro areas in the country have the highest foreclosure activity rates for the months of July and September. California, Nevada, Florida and Arizona are still taking the lead in having the most number of foreclosures in the recent months. Said states were also the first ones to be hit by the foreclosure wave during its initial boom years, but were also the first to suffer the downturn when property values dropped and foreclosures skyrocketed to unprecedented levels. Data shows that many metro areas in these states have significantly shown lesser foreclosure-related filings than cities in other states where there is a surge in foreclosure activity. But foreclosure postings may be spreading to other areas which were not previously affected by foreclosure problems. This shows that high unemployment rate, lack of job opportunities and uncertainty over home prices could be causing homeowners to default on their mortgage payments. At least 122 metro areas have already posted an increase on their annual foreclosure...more
We all know the economy has been in a bad place recently. This can work to your favor, however, if your credit is good and you have some cash in the bank. It may be a great time to buy a Rancho Palos Verdes foreclosure and take advantage of a great investment opportunity.There are many beautiful areas in the state of California. But few are as...more
For some people, the concept of actually owning a home of their own has become practically unthinkable. Despite saving every penny they could, they have continued to find home ownership to be just beyond their grasp. When others were taking advantage of easy to get mortgages and jumping on the home buying bandwagon, these people resisted the...more
The housing market is made up of a significant bulk of foreclosed properties, which account for at least 19% of the total sales for the entire market. The rate is even higher for states where the housing boom was initially birthed such as Arizona, Florida and California. Statistics also show that 1 in every 371 homes filed a foreclosure in the month of September alone. This large interest in foreclosures raises the question of whether buying foreclosures could really save some money versus constructing or buying newly-built homes. According to Zillow.com, the housing prices in San Francisco area where 60 percent of the transactions in the housing market involve foreclosure re-sales, the average price is only 47 percent of what you will usually pay for non-foreclosure properties. The amount of potential savings also vary depending on the location of the property, but on the average, foreclosure prices are about 28 percent less than non-foreclosure prices, taking into account the distinct differences between these properties. There are also a lot of other factors that one must consider in buying foreclosures. Purchasing one could involve a longer transaction than buying...more
Is it true, is there actually a 2nd wave of foreclosures coming? Ive heard about it coming for months but it has yet to arrive. Well it is coming. Some banks are holding back inventory and many foreclosures have yet to go into default. Here is a...more
You owe it to yourself and your family to give Chapter 7 a look. Find free information like bankruptcy FAQ, articles, blogs, and even free publications from reputable bankruptcy attorneys in your area. Remember, many attorneys will offer you a free...more
However, having the right training is critical to success, as you must be familiar with what's expected when performing a foreclosure trash out, how to deal with the large national companies that traditionally hire property preservation firms, and...more
Lack of Property Preservation Leaves Foreclosure Lawns a Growing Menace.Its estimated that almost 4 million homes will receive foreclosure notices in 2010. And with the unemployment picture not brightening all that much, 2011 doesnt look that much...more
For investors and regular home buyers who are interested in purchasing FHA foreclosures for sale, there are certain things that they need to know first to make sure that the whole deal goes smoothly and that they end up with a great purchase and a...more
The best way to prevent foreclosure is to pay your home loan regularly. Some unexpected situations however may prevent you from paying your obligations. This means that your lender could foreclose on your home. Losing your job, falling ill,...more