Search results for home foreclosures

The interest in buying foreclosure real estate, especially bank foreclosures, has always been high. People want to buy foreclosures, because this is one of the most profitable investments in real estate one can make. Foreclosure homes are real estate properties securing a loan that has not been paid for. Bank foreclosures are owned by the bank who has made the loan and who tries to sell the property in order to recover their money. Foreclosure investments are considered among the safest, becaus read more »
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RealtyTrac notes that the number of loans in which the borrower hasn’t made a payment in 90 days or more but is not in foreclosure is at 5.1% nationally, a record high. Be sure to view the full post thru the link provided. read more »
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The chart below shows areas that had the highest proportion of home foreclosures to total homes in 2009. These figures were published in the April edition of Money magazine. We used the Money data and created a graph you can view thru the hyperlink. read more »
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RealtyTrac said today that California foreclosures declined on a monthly and yearly basis in the hard-hit states of Nevada, Arizona and California, but still grew rapidly in Florida.

Still, fears remain about the hundreds of thousands of homeowners who are still being evaluated for help under loan modification programs. Read the full post thru the link below read more »
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A recent research report from the University of Chicago’s Booth School of Business and Northwestern University’s Kellogg School of Management reports that of the large number of mortgage defaults across the country, 26% were what they call strategic. This report defines strategic as one in which the mortgage default was a calculated, done by homeowners who have the money to make the payments. The owners decided that the homes negative equity position indicates to them it would be economicall read more »
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1. Don?t ignore the problem. The further behind you become, the harder it will be to reinstate your loan and the more likely that you will lose your home. If you are behind on your mortgage payments or have received notice that you are behind in payments, you need to contact your lender quickly and ask to speak with a loss mitigator. Typically, your lender will mail you a ?loan workout? package. This package contains information, forms and instructions. If you want to be considered for assistan read more »
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A new study from Experian and Oliver Wyman, looks at the prevalence of strategic mortgage defaults, ?walking away? from a home mortgage that is more than the current sales value of the home. According to the study, there were 588,000 nationwide strategic defaults in 2008, more than double the total in 2007. To read the full post, please visit: http://www.brokerforyou.com/brokerforyou/?p=1604 read more »
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A new study from Experian and Oliver Wyman, looks at the prevalence of strategic mortgage defaults, ?walking away? from a home mortgage that is more than the current sales value of the home. According to the study, there were 588,000 nationwide strategic defaults in 2008, more than double the total in 2007. To read the full post, please visit: http://www.brokerforyou.com/brokerforyou/?p=1604 read more »
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Restrictive covenants (also called deed covenants) have been affecting buyers of real estate for as long as property has been transferring ownership. Such covenants are a condition of sale for real property, placed on the buyer by the seller or passed on from previous owners. read more »
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