Tag Archives: foreclosure

There are still thousands of properties out there owned by banks. Even though most of their portfolio was reduced after the mortgage collapse there is new inventory created every day. Every time a property goes into foreclosure and doesn’t sell the bank retains that property.  As most investors know banks are not in the business […]

What do you need to get together in order to buy another home after a foreclosure? Those who have completed short sales and that were among the first round of foreclosure victims should now be getting back to the point where they can qualify for mortgages for buying a home again.

Foreclosure properties still offer huge discounts for home buyers looking for new residences, vacation homes and investment properties but are you really prepared for the potential work involved?

Need to stop foreclosure on your home? Here are 7 smart and silly strategies to stop foreclosure or get out from under the debt. Which is right for you?

Foreclosures and bank reviews continue to hit the news making it all the more confusing for struggling homeowners to make sense of what is going on with their mortgages. Are you going to get help or do you need to sell your home fast?

Sensational headlines desperate to boost dwindling readership levels so that they don’t go broke have been luring already victimized homeowners into a dangerous sense of false security.

Banks are paying out masses of money for homeowners completing short sales. It sure beats losing everything and still owing on the mortgage for sellers and is making cutting incredible deals even easier for real estate investors but how long will it last?

If you want to buy a foreclosure this year, don’t bother attending an auction. Huge auction websites like to talk about how easy it is to buy a foreclosure at one of their local events, but the reality is that winning a house in a bidding war and then securing a mortgage for it is a lot more complex than you might think. If you’re considering trying to buy your next real estate investment at an auction, here are a few reasons you might want to reconsider.

It looks like the presidential candidates are finally paying attention to the housing crisis. In this Tuesday’s State of the Union speech, President Obama touted his settlement with big banking. The settlement would dampen the startling foreclosure rate by giving $25 billion to homeowners who are underwater on their mortgages. Immediately after the speech, White House staffers and the GOP candidates began talking about how to fix America’s housing crisis. Here’s what they had to say.

Are you selling a house that isn’t worth as much as the balance remaining on your mortgage? Then it may be time to walk away. With the real estate market not expected to recover until 2023 and foreclosure rates abysmally high, more and more Americans are choosing to let their lender repossess their home even though they’re ahead on the mortgage. It’s a strategy that the lending industry calls “strategic default,” and if you’re struggling to build equity in your home, it might be worth a closer look.