Buyer’s Perspective: Short Sales vs. Foreclosures

August 2, 2013

in Home Foreclosures, Short Sales | Tagged , , ,

They are known as “distressed properties,” when in reality they are properties that belong to distressed homeowners. Foreclosed properties and those being sold short are homes that the homeowner can no longer afford, for any number of reasons. If you have your heart set on purchasing from among an area’s distressed properties, you may have [...]

Tips for Buying a Foreclosed Home

July 5, 2013

in Home Buying Guide, Home Foreclosures | Tagged , , , , , ,

Homebuyers in the market for a deal on their dream home needs two things: lots of patience and the stomach to do battle with investors. Any home that is in a decent area and priced right is facing keen competition in today’s market. Homebuyers in the market for a foreclosure need those qualities tenfold. Buying [...]

Can I Keep My House if I go Bankrupt?

November 9, 2012

in Home Foreclosures, Mortgage Loans | Tagged , , , , , ,

Bankruptcy is never an enjoyable process. And in some cases, yes, you will not be able to stay in your house. But not in all of them, say experts. Sometimes, filing bankruptcy could be just the ticket for keeping your home. Exempt vs. Non-Exempt Assets Bankruptcy is either the liquidation or reorganization of a person’s [...]

How to Bid on a Repossessed Home

April 6, 2012

in Home Buying Guide, Home Foreclosures | Tagged , , , , , ,

With the downturn in the economy, many homes have been repossessed or are known as distressed properties. Bidding on a repossessed home can be a great value and save a prospective buyer anywhere from 10 to 70 percent because banks or government agencies are eager to unload the properties. However, when bidding on a repossessed [...]

Strict Lending Standards & Foreclosures Taking Their Toll

February 3, 2012

in Home Foreclosures, Mortgage Interest Rates, This Week in Real Estate | Tagged , , , , , , , ,

New Home Orders Rise Looks like the market for new homes is on the mend. Orders for new homes increased in the quarter ended December, bringing a much needed cheer to the home building industry.The news has made the chief executives for some of the nation’s biggest home building companies cautiously optimistic about a market [...]

Foreclosures, House Flipping, and the American Dream

December 16, 2011

in Home Buying Guide, Home Foreclosures, This Week in Real Estate | Tagged , , , , ,

Foreclosures Drop in November ‘Tis the season for cheer and care. Mortgage Goliaths Fannie Mae and Freddie Mac got into the spirit and issued an eviction moratorium, giving a break to homeowners missing their payments during the holiday season. There’s relief elsewhere, too. Foreclosure filings dropped 14 percent in November, compared to a year ago. [...]

Real Estate News: Foreclosure Rates Continue to Slow Market

October 14, 2011

in Home Foreclosures, This Week in Real Estate | Tagged , ,

Another Two Years for a Market Turnaround Have you been wondering when the housing market will pick up steam again? Give it another year or two, says a leading economist. That’s how much time it could take for the foreclosure storm to blow over and the oversupply of inventory to rectify itself, according to Mark [...]

5 Reasons to Buy a House in Florida Now

September 6, 2011

in Home Buying Guide, Home Foreclosures, Regional Real Estate Tips | Tagged ,

If you’re dreading another winter up north and are ready to relocate to a warmer climate, hit the road and start shopping for a house in Florida. Think you can’t afford it? You might be wrong. The average price of a condo in Florida is hovering around $97,000, and single-family homes are listing at an [...]

What Causes House Foreclosures?

July 13, 2011

in Home Foreclosures | Tagged

If you live in any one of the 50 states impacted by the recent mortgage crisis, you may have noticed a large upswing in the number of “for sale” signs in your neighborhood. Many of these homes even have a foreclosure or bank-owned sign in the front yard. In February 2011, approximately 1 in every [...]

HUD Foreclosure Grants

July 10, 2011

in Home Foreclosures | Tagged ,

What are HUD Foreclosure Grants? HUD Foreclosure Grants refer to $73 million, made available through President Obama’s comprehensive Homeowner Affordability and Stability Plan (HASP).  Grants will be distributed by the U.S. Department of Housing and Urban Development to over 500 national, regional and local organizations to provide housing counseling and training in an effort to [...]