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  2. Foreclosure
    3. (Page 2)

Foreclosure

Investors Drive Foreclose Prices Up

Home shoppers in parts of the country with lots of foreclosures are finding it increasingly difficult to buy. Investors are bidding up prices thousands above the original asking price. Federal legislation slowing the number of foreclosures is adding to the problem by reducing the number of homes on the market. For instance, in Las Vegas, […]

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Foreclosure leaders focused on 4 states in new metro list

The 26 cities with the highest foreclosure rate in the nation are all located in four hard-hit states, with Las Vegas topping the list, according to a report released Wednesday. Metro areas in California, Florida, Nevada and Arizona topped the foreclosure filing list for the first quarter of 2009 in a report from RealtyTrac, an […]

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Georgia Dream, NSP

I know I said this before…but really, NOW is a good time to buy. Take a look at what my mortgage specialist sent me: “DCA Allows up to $14,000 for down payment or repairs on foreclosed properties under Neighborhood Stabilization Program The Department of Community Affairs, better known as DCA, has come out with a […]

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Survey: Households Say Now Good Time to Buy

More than three-quarters (78 percent) of potential first-time home buyers say that now is a good time to buy a home, despite widespread concern about the economy. Out of the 1,000 prospective U.S. first-time home buyers surveyed in early March for the CENTURY 21 First-Time Home Buyer Survey, 68 percent think now is a better […]

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How Will Foreclosure Effect Credit Scores?

The amount of damage to a credit score caused by foreclosure, deed in lieu or a short sale during 2008 and 2009 may be mitigated by the slower economic times, say some credit and legal experts. FICO may have to adjust its credit scores to lessen the impact of a foreclosure in the last two […]

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Foreclosure Plan Doesn’t Reach Everyone

Not everyone was a winner under the program to help troubled homeowners announced Wednesday by the Obama administration. The refinancing plan does nothing for people whose mortgages have dropped substantially in value because it’s limited to borrowers who owe no more than 5 percent more than their home’s current value. Borrowers who are severely underwater […]

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Bankers Still Resisting Bankruptcy Cram downs

Banks are facing the inevitability of bankruptcy modification of mortgages.Banks have fought the notion of what is called a cramdown, saying that giving bankruptcy judges the ability to modify first mortgages will drive up borrowing costs for everyone.Supporters of cramdowns point out that modifications are no more costly than bankruptcies.To get the support of Citigroup, […]

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Allow me the opportunity to help you with a Short-Sale…

Unfortuntly another friend has lost their home due to foreclosure.  I wish I would have known they were going  through this… I would have wanted to help with either assisting them obtain a Loan modification or via Short-Sale.. If you are facing Foreclosure- please allow me the opportunity to help you.  Email or call anytime: […]

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Where Buyers are Picking Up Housing Bargains

Smart investors in all parts of the country are picking up fabulous housing bargains. Bill Leon, president of Florida’s Broward (County) Real Estate Investors Association, has been buying and selling investment property for years, but he thinks today’s deals are unprecedented. “People are afraid not to sell because they don’t know where the bottom of […]

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