Green Bay Real Estate, LLC Green Bay Real Estate, LLC, concentrating in the Fox Valley area (Green Bay, Appleton, Oshkosh, Wisconsin), is committed to giving their clients the most reliable and honest service. Visit us at www.greenbayrealestatellc.com For more information contact Dan Balke at (920) 405-9900 Ext 112.
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Foreclosure Rates Soar in March
Foreclosure filings including default notices, scheduled auctions, and bank repossessions rose 7 percent in the first quarter of 2010 compared to the third quarter of 2009 and were up 16 percent from the first quarter one year ago. This information came today in a report from RealtyTrac, [...]
Credit and How It Can Affect the Investor
When first starting out in real estate investing or any kind of entrepreneurial venture, the question often becomes, where am I going to get the money to invest or start my business? Mortgage companies want 20% down to purchase a house. Private lenders charge high interest [...]
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 [...]
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 [...]
New Wrinkles in Loan Modification
Consumer mortgage loan advocates have long said that the best way to help struggling homeowners is not to cut interest rates, but to cut the principal on mortgages. Now it looks like they finally be getting some traction, as more banks agree to do the once unthinkable.
For the record, mortgage lenders [...]
The Mortgage Debt Forgiveness Debt Relief Act of 2007
The basic way we make money as real estate investors is buying at a low price and selling for a higher price (for flips) or buying cheaply so you can have a low mortgage and renting the property at a profit. This is the same way a [...]
Why Treasury Needs a Plan B for Mortgages
AFTER months of playing pretend, the Treasury Department conceded last week that the Home Affordable Modification Program, its plan to aid troubled homeowners by changing the terms of their mortgages, was a dud. The 10-month-old program is going nowhere, the Treasury said, because big institutions charged with implementing [...]
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. [...]
Obama Needs to Change Course on Jobs
I recently noticed an article by Newt Gingrich and Dan Varroney which accurately describes how the foreclosure crisis is affected by the lack of jobs. See my website on related foreclosure information.
“President Obama is holding a jobs summit to address the crisis of nearly 16 million Americans without work, [...]
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