Dynamic Education In The Distressed Real Estate & Mortgage Industries
News
In Kansas, trailers rent for $2,000 a month
Fri, 01 Jun 2012 12:10:33 EDTIn the oil boomtowns of southern Kansas, enterprising residents are turning into real estate moguls, renting out everything from double-wide trailers to rooms in an old bank for as much as $2,000 a month.
Foreclosures made up 26% of U.S. home sales
Tue, 05 Jun 2012 05:24:50 EDTHomes in some stage of foreclosure accounted for more than one in four home sales during the first three months of the year, according to a report released Thursday.
Home sales surge in April
Tue, 22 May 2012 13:13:50 EDTThe housing market surged in April, with home affordability at record levels.
Where home prices are rising fastest
Mon, 21 May 2012 19:19:04 EDTThe tide is already turning in some U.S. housing markets, with home prices in these 10 metro areas expected to climb anywhere between 10% and 21% by the end of next year, according to Fiserv.
Taking a Closer Look at the Advantages of Foreclosures
No timestamp info...Many people would look at the concept of foreclosures as something so negative However, what they do not realize is that there are several advantages that people would find in foreclosures than just losing homes, both for the property sellers and buyers
Now Is the Time to Buy Foreclosure Properties
No timestamp info...Stringent laws for foreclosures are already in the works as Kamala D Harris, the attorney general of California, pushes for debt reduction on homeowners' mortgages in hopes of reducing foreclosures If you are hoping to find a cheap house to buy, now is the time to do so Now would be the time because at least before the number of foreclosed properties is likely to drop because of the approval of such proposed laws
How to Prepare for an REO Sale in Seven Simple Ways
No timestamp info...You know you have the perfect house to sell Your Broker Price Opinion (BPO) listings are practically screaming to be sold You have already overseen repairs and seen to the fact that the house looks great You even did a little landscaping on the yard, just to give your potential buyers an idea of what the home will look like
Wrangling the Foreclosure Network Getting Through Customer Service
No timestamp info...If you are dealing with a big bank, chances are you spend hours waiting for the customer service representative on the other line to pick up the phone You are probably frustrated because you get transferred to multiple departments or hate the impersonal robot who patiently tells you which department to choose Here are some tips to get through and get the most from your bank's customer service hotline
Is Selling an REO property a good fit
No timestamp info...Are you looking for a way to supplement your income in a big way? Then selling Real Estate-Owned (REO) or bank-owned properties may be just the thing for you You may be asking yourself, is selling repossessed homes something I can do?
Foreclosure Feeling Dealing with Real Estate Depression
No timestamp info...Are you feeling depressed because of the market? You are not the only one Dealing with the amount of foreclosures and the fall of the real estate market has caused a rise in depression (as much as 37 percent of people facing the foreclosure axe) and yes, even suicides among the affected
The Highest Foreclosure Rates in the U S
No timestamp info...While foreclosure rates at the national level are seeing better figures, some areas do not seem to be going along this trend Indeed, some are even moving in the opposite direction and are actually rising up
Differentiating Between Inexpensive and Undervalued Properties
No timestamp info...The foreclosure tsunami has started to subside and the prices of foreclosed properties have begun to stabilize After the burst of the U S property bubble in 2008, the national economy is now beginning to show some significant signs of recovery despite the fact that the prices of homes remain relatively low compared to the pre-bubble burst The subprime meltdown has forced many Americans into foreclosure, while others have resorted to selling at less than the appraised value to settle their mortgages and at least still make some money in the process For most homeowners who are caught in the property bubble burst, selling before foreclosure is the best option
Three Important Factors That Can Help You Determine When Is The Best Time To Buy Foreclosures
No timestamp info...Just ask any real estate 'expert' and he or she will tell you the same thing: If you can afford it, the best thing to do is hold on to a house for five years to recoup your investment Of course this nugget of wisdom does not apply to soaring markets that suddenly come crashing to Earth Finding the best time to buy all depends on several factors
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