foreclosure: HOPE FOR HOMEOWNERS within the U.S. FORECLOSURE PREVENTION ACT OF 2008 - 07/31/08 01:37 PM
People ask whether there is HOPE for them from possible home foreclosure in the new law signed by President Bush on July 30, 2008 (U.S. Housing & Foreclosure Prevention Act of 2008).Everyone should be careful about this and get the advice from qualified Realtors and mortgage professionals.We set forth below a copy (5 comments)
foreclosure: Banks & Lenders Are Taking Less Than What's Owed At Trustee Sales After Foreclosure - 05/14/08 08:23 PM
It's interesting that in Orange County, California, during April, 2008, buyers took foreclosure homes off the bank and lender hands at trustee sales for 21.5% less than the amount owed. One year ago during April, 2007, the banks and lenders weren't so interested in discounting at trustee sales. Perhaps the banks (0 comments)
foreclosure: Is A Home Buyer Equity Sharing Arrangement a Good Thing in This Market? -- Part One - 05/03/08 04:02 PM
A man contacted us a week ago about his predicament. He and his wife had entered into an EQUITY SHARING AGREEMENT with a mortgage broker during 2006 to buy a home in South OC, California. This family made payments to the mortgage company as rent on the agreement. The mortgage company (8 comments)
foreclosure: What Should You Consider When Thinking About Foreclosure Buyer Opportunities? - 03/28/08 11:22 AM
What Should You Consider When Thinking About Foreclosure Buyer Opportunities?Buyers must be pre-approved for a loan by a lender. Source of Down Payment Must be confirmed.The bank could require that you finance your purchase with them. Expect competition for your offer. Some buyers bid on multiple properties. Banks won't accept offers that are contingent on (1 comments)