Government and Lenders Need to be More Aggressive in Helping Beleaguered Homeowners!
Here is an article I recently saw in the Los Angeles Times, that I thought was very appropriate for investors looking at buying properties. The investor should aggressively target these homeowners that are either in pre-foreclosure or in the bankruptcy stage. Not to take [...]
Home Sales Up in ‘09 But Prices Still Down
A tax credit for first-time home buyers helped prop up the Lehigh Valley housing market in 2009, marginally increasing sales from their sluggish pace in the previous year. But prices continued to fall as most buyers were interested in low-priced homes and more homes went into foreclosure.
The [...]
Feds Subpoena FHA Lenders with High Foreclosure Rates
I recently read an article that indicates that the Feds are going after mortgage companies with questionably high rates of foreclosures on homes they finance. This week, U.S. Department of Housing and Urban Development (HUD) Inspector General Kenneth M. Donohue and Federal Housing Administration (FHA) Commissioner David H. [...]
Changes in the Foreclosure Market
Last week I saw an interesting article by Rick Sharga, Senior Vice President of RealtyTrac, Inc as he tries to predict the future.
As we enter a new year — and begin a new decade — it’s a good time to take a look ahead and try to answer some of the [...]
Sick of Renting? Buy a Foreclosure
In today’s flagging housing market it’s easy to envy renters — they don’t have to worry about paying for home repairs, home owners’ association dues, or property taxes. On the other hand, they do have to worry about throwing their money away month after month, while they’re not building equity. [...]
More Fiddling As Foreclosure Crisis Rages On
The good news is the Obama Administration appears to be finally conceding that its efforts to staunch the foreclosure crisis are not working as planned.
It doesn’t take a rocket scientist – or a Nobel winner, for that matter – to figure that one out, with foreclosures set to [...]
Low-Cost Foreclosures Attract Investors
The influx of foreclosed homes on the market is grabbing the attention of investors. Bob Diamond’s system of buying foreclosures is one of the best and most complete programs on the market. For more information on a complete range of foreclosure and bankruptcy topics, see my web-site at http://investments-in-foreclosures.com
According to a [...]
Foreclosure Epidemic Worsens With 1 Million New Filings
The housing crisis continues as foreclosures rose another 5% in the third quarter of 2009, and are predicted to increase to as many as 25-million before the epidemic ends. Six states that were heavily targeted by lenders account for nearly 62% of foreclosures, with California alone accounting for [...]
How to Write “Subject-To” Offers
A “subject-to” offer simply means that the buyer is willing to purchase a piece of property “subject-to” some specific circumstance. Usually that circumstance will be the sellers existing mortgage. It can also be a variety of other things. One of the most common “subject-to” clauses in real estate contracts is “subject-to” [...]
The Real Estate Market: Don’t Celebrate Housing’s Recent Uptick Yet
by Martin Denholm, Contributing Editor
Recently, Marc Lichtenfeld and Martin Denholm took a collective pop at some lazy journalists and other media cheerleaders. Their crime? Whipping the investment community into false optimism through misleading headlines regarding earnings announcements.
They’re at it again.
This time, the flashy headline writers [...]
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