Posts Tagged ‘Foreclosure’

Saturday, November 21st, 2009

foreclosed home
Amelie Mag asked:




2003 Sea Ray 390 asking $250,000 Forclosure

Thursday, November 19th, 2009

BrokawYachts asked:


FORECLOSURE! 2003 Sea Ray 390 asking $250000 located here in San Diego California

Fight Foreclosure: Make ‘Em Produce The Note!

Thursday, November 19th, 2009

consumerwarningnet asked:


One of the last ways you can fight foreclosure is to make them produce the note. In many cases the note is sitting in a warehouse somewhere and nobody knows or cares where it is.

Foreclosure consequences

Thursday, November 19th, 2009

MiCasaMiDinero asked:


This video is from the show Open House on CNN. This video briefly explains what some tax & credit consequences homeowners may face after a short sale or a foreclosure. Consult with a CPA or your attorney for specifics. More information at: sccrealestateuncensored.com/2007/shortsale-foreclosure-pt4/ micasamidinero.com/2007/shortsale-foreclosure-pt4/

Foreclosed homes offer an opportunity to be a homeowner at lower cost. Homes are foreclosed in three phases namely- pre-foreclosure phase, auction and real-estate own phase. In order to have a better deal on the purchase of foreclosed homes, you need to know regarding these phases properly.

Pre-foreclosure phase is the time while the owner of the real estate is desperate to sell the home due to his/her inability to repay the credit. In this phase, undervaluation of property is a common happening and you can avail a good discount compared to the market price. The urgent financial requirement of the owner may offer you flexible sales agreement. But while buying foreclosed home takes proper care to gather information regarding the cases and litigations (if any) against the property.

In auction phase, the foreclosed home is sold to the highest bidder. Auction is a more organized and institutionalized phase compared to direct dealing with the owner. But, before auction, make your home work properly and check whether you have the required cash in hand as auction can not be postponed.

In the REO phase the lender resells the repossessed property due to the inability of the borrower to repay the loan amount. There are some lenders who sell after doing some renovations on the property. Hence you have a good chance to have a furnished home. But, the discount here is less compared to the above two phases.

The rate of foreclosure is compounding due to the global credit crunch and increased inability of people to repay their loan burden. But at the same time, the global slowdown has caused a slash in property prices. Hence, before purchasing a foreclosed home, you need to make sure that you are purchasing at a lower price compared to the newly developed ones.

Wednesday, November 18th, 2009

foreclosed home
Akhila Choudhary asked:




Housing Foreclosure Epidemic

Monday, September 28th, 2009

bankruptcyattorney asked:


Bankruptcy Attorney Jamie Ryke of the Second Start Law Firm talks about the Housing Foreclosure Epidemic

Short Sale or Foreclosure: Will You Save Money?

Wednesday, June 10th, 2009

ExpertRealEstateTips asked:


Many people think you save money by buying a home that’s a short sale or foreclosure. That’s not necessarily true. Even if you do save money on a short sale it can take longer to close on escrow. California real estate agent Charlotte Laws talks about saving money with short sales or foreclosures.

Foreclosure Alley – P2

Friday, May 29th, 2009

RemiG2006 asked:


01.10.08

Foreclosed home owners out for revenge

Wednesday, May 27th, 2009

KXLY asked:


There are 478 homes in Spokane that are involved in the foreclosure process. While that’s lower than the national average, the condition former owners are leaving these homes is anything but average. KXLY4’s McKay Allen reports.

No let up in US foreclosure pain – 15 May 09

Sunday, April 12th, 2009

AlJazeeraEnglish asked:


The US housing crisis lies at the heart of the current recession, with a wave of forclosures sending Wall Street into a free fall as lenders were hit by hundred of billions of dollars in losses. A few months on, and the rate of foreclosures shows no signs of slowing down. In the town of Boise in Idaho, even some people with the most affordable housing are being forced to relocate, as Al Jazeera’s Tom Ackerman reports.