Financing

A new ‘foreclosure freeze’ is being announced for some CT homes but make sure you have all the details before thinking you can just kick back and relax with that turkey dinner, without having to worry about the eviction crew knocking on the door.

In a powerful turn around for the San Diego real estate market new data shows home equity loans surging again. Home equity loans and home equity lines of credit (HELOCs) were some of the first types of mortgages to suffer when the housing market melted and lenders slashed borrowers’ credit lines. Considering the little security these types of loans provide lenders many would have thought they would be the last form of credit to see come back, if at all.

Short sales and loan modifications have been on the rise this year in the wake of the massive mortgage settlement but each are having quite a different impact on the housing market.

While some parts of the country continue to be hard hit by the foreclosure crisis San Diego real estate appears to have gained immunity. Some states have seen incredibly high double digit surges in foreclosures in the last few months. This is now being compounded even further as September figures reveal a 25% leap in re-defaults on homes with loan modifications, and some types of loans continue to experience a 40% re-default rate within 12 months of loan modification, dragging out the foreclosure crisis even longer.

Crooks are out to steal your rents and jeopardize your deals. Are you prepared? One of the fastest growing foreclosure related scams affecting real estate investors today is unscrupulous individuals targeting vacant properties and leasing them out right underneath the real owners’ noses.

Some real estate investors have been reporting local title companies are making it virtually impossible to flip houses using double closings, so is this the end of the easy money train and wholesaling real estate?

Where can you find easier mortgage financing for buying or investing in CT homes today? Yes, interest rates may be at ridiculous lows but does that really matter if no one can actually qualify for them?

Why don’t banks always accept the highest bid on foreclosures and REOs? Some investors in some parts of the country have recently been complaining about bidding wars over REOs and other distressed properties, so why is it that the highest offer isn’t always the winning one?

Could it really take until 2026 for home prices to recover from foreclosures and return to their previous levels?

Seniors are quickly becoming one of the hardest hit groups from the new rise in foreclosures, leaving many with a bleak outlook for the future…