Real Estate Keywords

Dec
3

The American Foreclosure Crisis

Posted by Bill Morin in News

It is no secret that we are facing a national foreclosure crisis in the United States. Many homeowners are struggling to make their mortgage payments and are worried how they are going to make it through the holiday season. As a result numerous states are considering a temporary moratorium on all foreclosures through January 2009. California Governor, Arnold Schwarzenegger has proposed a 90-day suspension for home owners that are currently in default but has allowed enough flexibility for the lenders to reject the ban under certain circumstances. More »

Nov
26

Why There was a Huge Increase in Foreclosed Properties in 2008

Posted by Steve Hanson in News

The increasing number of foreclosures is the current hot topic for the media and politicians. Stories of people losing their homes makes for compelling and interesting television. Promising to stop the rash of foreclosures should get a politician a lot of votes. However, neither the media or the politicians are really addressing the important issues of why are the number of foreclosures increasing, when and how did this start and when will it end? More »

Feb
15

Short Sales, Tall Profits

Posted by Tim Harris in Short Sales

In today’s changing real estate market, short sales and foreclosures are essential topics for realtors to understand. However, even seasoned real estate pros are sometimes nervous to venture into the business of foreclosed properties.

Many people find themselves upside down in their mortgage payments in today’s housing market. Foreclosures happen more and more frequently. Many homeowners find themselves in default and feel compelled to sell their homes short rather than face full foreclosure. Up to 50% of all homes for sale are owned by sellers who owe more on the home than it is currently worth. More »

Jan
11

Avoid Foreclosure: An Option That Many Do Not Know About

Posted by Thomas Bladecki in Selling your home

Looking down the barrel of a foreclosure, if you are among one of the over 1.4 million homeowners facing this same issue, there may be a creative technique to save your home. Save your home and salvage your equity so that you can fight again. The last thing that you want to do is give your home back to the lender. More »

Jan
11

Short Sale Or Foreclosure: Which Is The Better Options For Protecting Your Credit?

Posted by Thomas Bladecki in Selling your home

Homeowners that are facing a foreclosure have a number of options available to stop the foreclosure process. One of the options available on is a “short sale”; this is where the lender will allow you to sell the home for less then what the current amount owed is. Many homeowners simply let their home go into foreclosure because they are not sure about the options, or just give up. Before giving up and letting your home go into foreclosure keep in mind that you do have options, and depending on which one you choose, there are a number of pros and cons for each. More »

Jan
10

Loss Mitigation: The Art Of Negotiation

Posted by Thomas Bladecki in Selling your home

With foreclosures at an all time high in the US today, most home owners that are facing foreclosure hear all kinds of bank terminology words like, pre-foreclosure, short sales, REO’s, bank owned properties and loss mitigation are all terms that some fear. We will look a one of these terms and what it means to you. More »

Jan
10

Pre-Foreclosures: A Guide To Buying Them

Posted by Thomas Bladecki in Buying Houses

There are many advantages to buying homes from homeowners that are in “default” and on the verge of losing their home, however only the individual investor can measure the risk and rewards of each one. Some investors do not see a high enough reward in foreclosures, and think that they are too risky. Others think that the moral issues of buying from individuals that are in a runt of bad luck or misfortune. Unfortunately, these types of investments are what the “American capitalist” live to do, without this type of situation, there is not a lot of room to prosper quickly and get your piece of the ‘American Dream”. More »

Jan
9

Short Sales: They May Be Your Answer If You Are Facing Foreclosure

Posted by Thomas Bladecki in Selling your home

Are you facing a home foreclosure? Has your financial hardship landed you in a position that may cause you to lose your home? Well then, a short sale may be the answer. Selling your home by doing what is referred to as a “short sale”, by which the lender agrees to accept less then what is owed, may be just what you need to get on the road to recovery. More »