In this Issue for August 2013: Home Prices Keep Rising Foreclosures Down From a Year Ago Reasons To Improve Your Credit Even If No Loan Is In Your Future Home Prices Keep Rising Home prices continue to rise despite higher mortgage rates. The S&P/Case-Shiller home price index was up 12.2% compared to a year […]
Foreclosure Backlogs Could Hurt Gulf Shores Home Buyers
Backlogs in foreclosure processing are causing delays in home-price improvement and could wind up affecting the cost of a mortgage, thereby hurting Gulf Shores home buyers wanting to get a mortgage. As unpleasant as it is for everyone involved, when a borrower can’t — or decides not to — make payments, the more quickly you […]
Foreclosure Free Ride
Delinquent borrowers facing foreclosure are learning that they can stay in their homes for years, as long as they’re willing to put up a fight. Among the tactics: Challenging the bank’s actions, waiting to file paperwork right up until the deadline, requesting the lender dig up original paperwork or, in some extreme cases, declaring bankruptcy. […]
Foreclosures: Finding Funds For Investing
There are many different ways to secure funds for foreclosure investing. Many of the top investors have their own money allotments for foreclosures, or a tight relationship with a bank who views them as a small business. While this is great for the seasoned investors, where does that leave the new investors in the market? […]
Real Estate Foreclosures Rising Again
The number of foreclosures climbed in October, as mortgage lenders started to work through the paperwork problems that had delayed new filings for much of the last year. Foreclosure filings were reported on 230,678 properties nationwide in October, a 7% increase from September, according to RealtyTrac, an online marketplace for foreclosed properties. Despite the increase, […]
Real Estate Short Sales Explained
The term “short sales” is used to describe a situation in which a homeowner is at risk of defaulting on their loan, and the lender agrees to sell the property below the original appraisal price in order to avoid foreclosure. Most lenders do not readily agree to short sales, although exceptional circumstances such as a […]
Short Sale vs Foreclosure
There are several differences between a short sale and a foreclosure. Homeowners who find they are having difficulty meeting their monthly mortgage payments should be careful to understand these differences before taking action. Discussing the options with their mortgage company, scheduling a meeting with a real estate consultant, and learning what potential taxable and credit […]
Why Foreclosures Take So Long
One of the reasons banks favor short sales over foreclosures is that lenders are taking too long to repossess a home. According to RealtyTrac, a firm that monitors the foreclosure market, homes in the U.S. spent an average of 318 days in some stage of foreclosure before a bank formally regained ownership during the second […]
Modifying Your Loan To Prevent Foreclosure
Record volumes of home foreclosures in The united states are producing challenging instances for property owners. Obtaining a loan modification could be the smartest thing you ever do. Homeowners all across America are finding it difficult to repay loans due to layoffs and adaptable rate mortgages. Foreclosure solutions are being searched for by these home […]
Foreclosures Slow, But Huge Backlog Remains
Fewer Americans had their homes repossessed by banks or were put on notice for being behind on their mortgage payments in April compared to a year ago. Questions or comments about this video? Use the comment link below to contact us with any question you may have.
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