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Key to Fast Sale: Paint
2008-06-30 01:33:21
In today's tough market, selling a home particularly one in the pre-foreclosure stage can be very challenging. Considering the millions of foreclosure homes for sale, sellers should find a way to make their homes stand out in the market.
Read more: Paint

Falling Victim to Mortgage Fraud
2008-06-26 23:06:41
Buyers of real estate properties, even foreclosure homes, should be cautious about mortgage fraud. Falling victim to one can prove to be a painful experience, both financially and emotionally. As the saying goes, prevention is always better than the cure. Even if you are dealing with a supposedly-reputable mortgage provider, you should still be able to protect yourself from fraud.
Read more: Mortgage , Mortgage Fraud

New Florida Law Protects Against Mortgage Fraud
2008-06-25 02:23:25
For the month of May, Florida posted the 4th highest foreclosure rate in the nation, with one out of 228 homes entering some stage of foreclosure. Considering this, it is not surprising that the local government is doing everything in its power to stem the rising tide o foreclosure.
Read more: Mortgage

Selling Foreclosed Homes
2008-06-24 00:59:31
To date, there are over a million homes in some stage of foreclosure and 700,000 foreclosed properties up for sale. The large inventory of repossessed homes has certainly dampened the moods of some brokers. Some have even decided to quit the business altogether but there are other brokers who recognized the hidden opportunities offered by these foreclosed properties.
Read more: Homes

Foreclosure Backlog: Florida’s Biggest Concern
2008-06-23 02:10:13
Ever since the subprime mess erupted, Florida has been on top of the list of states with the highest foreclosure rate. Last month, the state had the second most number of foreclosure filings in the nation.
Read more: Foreclosure , Concern

Troubled Homeowners Turn to Short Sale, Discouraged by Slow Process
2008-06-20 01:27:11
For many distressed homeowners facing foreclosure, an option that is usually considered after refinancing and loan modification, is a short sale. However, it seems that the process involved in this option is relatively slow.
Read more: Homeowners , Short , Process

Interested in Foreclosure Homes? Go on a Tour!
2008-06-18 01:43:10
In San Francisco, the ever-growing number of foreclosure properties has become too much to handle. Real estate agents needed to become more efficient when it comes to showing homes in order to take advantage of the opportunities that these bargain homes offer. Thus, the birth of foreclosure tours.
Read more: Homes , Foreclosure

Poll Revealed 50% of Mortgaged Americans Worried about Foreclosure
2008-06-16 06:32:36
In a recent poll commissioned by the American Bar Association, it was discovered that about 50 percent of Americans who currently have a mortgage are having concerns about staying in their homes and avoiding foreclosure.
Read more: Foreclosure

Philadelphia Sheriff Helps Distressed Homeowners
2008-06-13 06:34:52
he foreclosure crisis has actually given birth to a slew of non-profit organizations with goals to provide assistance to troubled homeowners in order to avoid foreclosure. But in Philadelphia , one sheriff has decided to help in his own way by refusing to conduct any foreclosure sales.
Read more: Homeowners , Sheriff

3 Factors to Consider in Foreclosure Buying
2008-06-12 05:45:44
Many real estate experts will vouch after the fact that buying foreclosed properties is indeed a good decision. Not only will you be enjoying much savings but you also get to choose from quite a large inventory of foreclosure homes.
Read more: Foreclosure , Buying

Foreclosure Rescue Bill Faces More Delays
2008-07-10 02:44:18
With the nation suffering from the high national foreclosure rate, it is only right that the federal government is busy looking for a long-term solution to this crisis. Among its efforts is the foreclosure rescue bill that will allow troubled homeowners to re-finance their existing mortgages and avail of government-backed loans instead.
Read more: Foreclosure , Rescue , Delays , Foreclosure Rescue

Renters Haunted by Foreclosure Stigma
2008-07-08 02:23:22
Losing your home to foreclosure is surely something that can considered as traumatic. But if you think that things can not get worse, you might actually find yourself having some trouble looking for an apartment because of your foreclosure record.
Read more: Foreclosure , Haunted

Durham Leaders Help Distressed Homeowners Stop Foreclosure
2008-07-03 01:39:07
In almost all states, it is the same story. The crisis in the mortgage industry has resulted to an increasing number of properties entering some stage of foreclosure. The state of North Carolina actually posted a 14 percent increase in foreclosure rate compared to last year, with currently one filing for every 1,086 homes.
Read more: Foreclosure , Durham , Leaders , Homeowners

Home Builders Competing with Foreclosures
2008-07-01 00:01:37
It seems that the problem in the mortgage industry has claimed another victim. This time around, it is the home builders. It is not enough that they are trying to sell these newly-built homes in a sluggish market but to makes matter worse; they are now competing with foreclosure properties – some of which were their own creation.
Read more: Builders , Foreclosures

Foreclosure Buyers’ Don’ts
2008-07-28 02:28:44
Buying a foreclosure home for the first time requires careful consideration of all the possible things that could go wrong. Obviously, you will have to gain a little knowledge about the entire foreclosure process and market conditions as well as get pre-approved for a mortgage loan even before your foreclosure search begins.
Read more: Foreclosure , Buyers

Phoenix AZ Experience 534% Rise in Foreclosures; Worst Yet to Come
2008-07-25 05:44:11
Residents and local officials of Phoenix have really something to worry about. According to the latest data, there was a 534 percent increase in the number of foreclosure filings for the first half of the current year, bringing the total to 12,573. Sadly, experts are saying that half of this number will end up as foreclosures.
Read more: Foreclosures

Foreclosure Crisis: the Pain of Walking Away
2008-07-25 00:08:25
For most Americans, owning a home is one of the proofs that they have made it. But with the current mess in the mortgage industry, there are already millions of homeowners at risk of losing their homes to foreclosure. Some of these unfortunate individuals have even decided to simply walk away from their mortgage obligations.
Read more: Foreclosure , Crisis , Walking , Walking Away

Alaska Foreclosure Counselors Hoping for the Best
2008-07-23 00:36:02
Foreclosure counselors working for the Consumer Credit Counseling Services of Alaska are alarmed about the increasing number of distressed homeowners facing foreclosure. The non profit group has been shelling out advices and information in order to provide valuable help to these troubled borrowers who are on the brink of losing their homes.
Read more: Foreclosure , Counselors

Misunderstanding Credit Scores
2008-07-21 00:20:27
Although market conditions clearly favor buyers over sellers, it is still important to understand how credit scores can make buying more profitable especially with the currently tightened credit market. It is quite surprising that many consumers fail to take advantage of the benefits that come with understanding credit scores. In a new report from the Consumer [...]
Read more: Misunderstanding

Avoiding Foreclosure Help Scams
2008-07-14 00:20:55
It is quite sad to know that the current crisis in the mortgage industry has not only resulted to millions of homeowners losing their home to foreclosure. The incidence of foreclosure rescue scams has also soared considerably.
Read more: Foreclosure

Foreclosure Buying: The Importance of Mortgage Pre-Approval
2008-08-13 08:56:01
With market conditions clearly favoring buyers over sellers, it is not surprising that you would like to take a share of the pie and purchase a foreclosure property for its good return potential. However, it is important for you to get pre-approved for a mortgage loan first before you start shopping for one of these distressed properties
Read more: Foreclosure , Buying , Mortgage , Approval

Be Cautious of Foreclosure Scams
2008-08-12 09:01:11
It is a known fact that the foreclosure crisis experienced nationwide has resulted to the millions of homeowners having trouble with their mortgage payments. Sadly, the current mess in the mortgage industry has also given rise to an increase in foreclosure-related scams committed by con artists.
Read more: Foreclosure

New Foreclosure Legislation Signed by New York Governor
2008-08-11 10:40:42
In a situation where time is of the essence, it is indeed a great relief for troubled New York borrowers to know that there is a new law that gives them an extra 90 days to find a solution to their mortgage problems and hopefully, avoid losing their homes to foreclosure.
Read more: Foreclosure , Legislation , Signed , Governor

Negotiating with Lenders to Stop Foreclosure
2008-08-07 20:36:30
The economy has certainly made it hard for many homeowners to stay within their budget and pay their bills on time. If you are among these homeowners struggling with mortgage payments, you should seriously consider speaking with your lender before things become worse and unmanageable, resulting to the loss of your home to foreclosure.
Read more: Foreclosure , Lenders

States Deal with Local Foreclosure Problems
2008-08-06 19:36:23
Last week, the housing bill that aims to provide mortgage relief for many troubled homeowners nationwide was finally signed into law. For many experts and analysts, the said legislation will not be able to address a significant percentage of distressed borrowers considering that the numbers are in the millions.
Read more: Foreclosure , States , Local

Scams Multiplying as Foreclosure Crisis Endures
2008-08-05 19:12:32
It is not enough that all government officials of this country are worried about the millions of homeowners facing foreclosure. It would seem that the foreclosure crisis has also brought with it numerous incidence of scam perpetrated by con artists who see these distressed borrowers as easy target.
Read more: Foreclosure , Crisis

Low Income Renters: New Victims of Foreclosures
2008-09-03 03:01:42
If you thought that the only ones severely affected by the foreclosure crisis are the lenders and distressed homeowners, you are in for another surprise. It would seem that even the low income renter are suffering from the problems brought about by the enduring problem in the housing industry.
Read more: Income , Victims , Foreclosures

Shame of Foreclosure Keeps Troubled Borrowers from Seeking Help
2008-09-01 05:02:53
In Howard County, Baltimore, the growing number of foreclosure filings has certainly started affecting the local economy. In an effort to address the problems brought about by the foreclosure crisis, the local government along with several non-profit groups has decided to launch several foreclosure prevention seminars and workshops. Unfortunately, only few troubled borrowers attend them.
Read more: Foreclosure , Borrowers , Seeking

Help Available for Ohio Families Facing Foreclosure
2008-08-29 02:48:50
As the problem in the housing industry endures, an increasing number of Ohio homeowners face the possibility of losing their homes to foreclosure. The number of foreclosure filings soared by 88 percent since 2006 until the end of 2007. For the present year, it is still uncertain how many more households will be affected but for sure the outlook for the state's housing market is grim.
Read more: Foreclosure , Families , Facing

Foreclosure Mess: Is the worst over?
2008-08-27 04:46:01
After tracking home values in many different neighborhoods in the nation, the First American CoreLogic reports that home prices have actually stabilized in over 883 statistical areas. These said areas recorded absolutely no declines for the last two months.
Read more: Foreclosure

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