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 [...]

More Good News for Housing Market, but Foreclosures Loom on Horizon

February 17, 2012

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Home Builders Continue to be Optimistic Will Spring bring a new lease of life for the housing market? Home builders seem to think so. They are hopeful home sales will pick up with the warmer weather, ushering in good news for the market and the economy. For the fifth straight month, builder sentiment in February [...]

Is Real Estate Recovery Right Around the Corner?

February 10, 2012

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

55+ Consumers Boosting Builder Confidence A new index by the National Association of Home Builders show there’s optimism in the market for single family homes targeting the 55+ consumer. The measure takes into account builder sentiment based on current sales, prospective traffic and anticipated sales for six months. Builder confidence in the segment increased four [...]

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 Have Dropped, but Housing Market Remains Frail

January 13, 2012

in This Week in Real Estate | Tagged , , ,

Foreclosures Touch Lowest Level According to a new report, foreclosures plummeted 34 percent in 2011 and reached the lowest mark since the recession began. Though that’s good news, the numbers are still daunting. RealtyTrac Inc., said about 1.9 million homes began their journey on the foreclosure process last year. That number could also be misleading [...]

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 [...]