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Blog entries tagged with "foreclosure":
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Please Save My Home
It seems that another blog needs to be written about the REO offer and just how to submit one, at least to my office.
This 1950's Ranch house had been foreclosed upon and left in need of repairs. The owners were going to move here but found out they had a baby on the way and deceided to stay put. The had the entire home painted, did some cosmetic changes, replaced lights, hardware, and fixtures. … (1 comments)
I don't like to write about short sales, because people will find the post through Google... but this is important.
Sunny Isles Beach Oceanview and Ocean Reserve 19370-19390
Collins Avenue SIB Realty 305-931-6931 Sunny Isles Beach Real Estate
Ok, so I was listening to the President yesterday morning when he was talking about the people who are losing their homes and that there is a program called Hope Now.
What is Hope Now?
Never heard of it before but it has been around. In the state of TN the … (0 comments)
This is an outstanding explanation of our current credit crises by Porter Stansbury;
Among all the problems distressed home owners have to face, a new one has appeared. What do I do with my pet?
Foreclosure & Investment Property News 
Gerry Green, Chairman of the Assembly Housing and Local Government Committee, has co-authored Assembly bill 2517.
As the U.S. Treasury, according to the recently approved bailout plan, prepares to purchase distressed real estate assets to help the faltering financial and mortgage sectors get back on their feet, a real danger lurks in the shadows for Las Vegas. And other communities across the land. The example of what … (5 comments)
Homes For Sale in Naples Park
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Every day I am asked when will the residential real estate market turn around and when will it hit bottom in Atlanta and begin to turn around. Based on the monthly and quarterly number we receive at Keller Williams Realty, it seems like we have already hit bottom. If you recall, the … (0 comments)
Hi Everyone I got this forward today and thought it was funny enough to post!!
This is going to be a play by play of what is going on for a small property in Norwalk that is supposedly on its way to foreclosure. Since I got a good buyer in my back pocket, I have been actively on top of things looking for property that fits … (6 comments)
Wow - we all get them - the difficult home seller and the house that "needs work". And by difficult, I don't mean high maintenance or opinionated I mean - "Pre-foreclosure, mid-way through an acrimonious divorce with assets being hidden, sons who are drug dealers and in and out of jail … (0 comments)
Short Sales occur when a property owner needs to sell their home but owes the bank(s) more than the current market value of the house. This is often referred to as being "upside down" on the mortgage. The property owner may negotiate with the mortgage note holder(s) to sell the home … (0 comments)
Foreclosures and short sales have become a common term in real estate. Many areas have additional properties entering the marketplace from new construction due to high rise condominiums to sprawling new communities which adds pressure to the existing properties on the market.
Short Sales, Foreclosues at an all time high, The Bail Out, The Stock Market Plung,..
See Full Article at Wikipedia.com/ North Attleboro
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Yes, you can buy a house for Zero Down in Minnesota!
Maybe you are in a position where you have double mortgages because it was easier to purchase your new home than to sell your old home. Or, maybe you have too high of a mortgage payment and need some financial relief to avoid foreclosure. Or, maybe you were relocated by your … (0 comments)
Todays real estate market is mostly foreclosures....we are seeing more and more of them. There are a few things I believe that prospective buyers should be aware of. Some banks seem to be discouraging pest inspections. Some banks are leaving it up to the buyers to even have one done at … (0 comments)
Well are you the buyer or the seller? My answer regardless would be YES! You ask "what is a short sale"? It's when the net proceeds from the sale of a porperty are not sufficient to satisfy the outstanding mortgge(s) on the property and the seller is unable to pay the … (0 comments)
The Center for Responsible Lending estimates that one in 33 U.S. homeowners will be in foreclosure within the next 2 years. Nevada, California, Florida & Georgia are among the states hardest hit by the national foreclosure crisis, California also being among the hardest hit by ARM foreclosure starts.
A few weeks back I wrote about the new listing at 1119 Von Phister a bank owned property that happens to be right next door to where I live. I totally forgot until yesterday that I almost bought that house in 2004. I had plans to renovate it and sell … (0 comments)
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Here is a very important article that I just read about some of the processes taking place to deal with all the foreclosures going on. Bank of America just announced this today.
Yes, it appears that this new program may help desperate homeowners to move out of foreclosure, but if you agree to the program, you have to sign a note promising FHA that they will receive 50% of the equity gained in the house. It just doesn't feel right to me.
… (0 comments)
I pulled this website off of another blog-- www.hotpads.com. If you are interested in looking at the foreclosure rates then this is a good website to look at.
In the spirit of Jerry McGuire, "Help me help you!", let me offer a new perspective, the BGS3 perspective. The Wall Street Journal reported that one is six homeowners owes more on a mortgage than what the home is worth. http://online.wsj.com/article/SB122341352084512611.html Put another way, nearly 12,000,000 households are facing potential default … (1 comments)
Please be advised Our New Office Keller Wiliams Atlantic Shore has moved into Northfield New Jersey. We are now located in the Kensington Building next to Formica's Bakery. Please stop in to check us out
Our world is changing. The financial markets are in turmoil. None of the rules seem to apply any more. Sadly, this is affecting many folks on an individual basis. Due to circumstances beyond their control, many people today are unable to make their mortgage payments on time. Good, hard working people … (1 comments)
First off, let me preface this blog by saying I by no means am an expert in high finance and I am not an economist. So if I'm wrong on a few of my assumptions please feel free to correct me. I also want to state that I am philosophically against … (0 comments)
The attempts to rescue the economy have given millions of depressed and fearful U.S. homeowners facing foreclosure in southern New Jersey, some hope. The government promising help for such homeowners was written into the $700 billion federal rescue bail out plan and implicit in the bailouts of financial firms that are … (1 comments)
Apparently a Chicago Sheriff has seen enough innocent tenants tossed out in the street. My understanding of the situation is that many of these tenants continued to pay their rent each month and were surprised to find out that the landlord had lost the house to foreclosure.
Part 1 - How Did We Get Into This Mess?
Posted BY Danny Thornton : The Mortgage & More Blog 
Foreclosures have been going on in the mortgage industry for as long as I can remember. However, it has never gotten as bad as it is now. Before we go any further, lets take a look at what a foreclosure is. Foreclosure is a legal proceeding that is brought about by … (8 comments)
If you are thinking about buying a foreclosed property to rent to tenants, you MUST read this article. There are so many crucial factors that need careful consideration in order for the owner to actually turn a profit on a foreclosed property. There is no denying how bad the real estate … (5 comments)
Debt Relief Income Exempt from California State Income Tax:
Are you like everyone else out there wondering what the Real Estate Market is doing, trying to time the market for the best buy or deal? What is a great deal, would you know it if I placed 5 of them on the desk in front of you and said pick … (0 comments)
Seems every day brings to light another bizarre angle to this incredible mess - today I was made aware of the web site You Walk Away.
Are they legit and can they help distressed homeowners? I have no idea!
Like Wall Street, the real estate industry is feeling the painful effects of loose lending practices and bad mortgage loans. Now, more than ever, prospective homebuyers and sellers should be aware about what's happening with the housing market -- and where it's headed -- in order to make smart decisions. In … (0 comments)
A lot of the national foreclosure problem has been rental houses. Some tenants are paying their rent to people that don't pay the mortgage and then get foreclosed and the tenants end up evicted. In our Property Management business, I usually have 2-3 calls a week from people that have to … (2 comments)
The number of foreclosures has risen drastically in the last few years. In Louisville and all across the nation, all we see in the news is how bad things are. Well, we're here to tell you that foreclosures doesn't have to be your first option of a solution to your mortgage … (0 comments)
With the current mortgage meltdown, the credit crisis, the impending "recession", and the real estate market seeing it's biggest correction in decades, there has arisen an opportunity the likes of which we may not see again during our lifetimes. "Amid the first national home price decline since the Great Depression, an … (0 comments)
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LANSING - Attorney General Mike Cox today announced a major settlement between the State of Michigan and Countrywide Financial, the nation's largest mortgage lender, resulting from allegations of predatory lending. The settlement will provide relief for more than 10,000 current and former Michigan homeowners who are struggling with the national home … (5 comments)
What are property flippers doing in your area?
It appears as if a good part of the old Countrywide Home Loans mess, acquired by Bank of America when they purchased the sub-prime loan giant earlier this year, may be headed to a somewhat happy ending.
Or is it? The economic climate is changing. That is a given. Is it good or bad?
Taking that First Step to Stopping Foreclosure - with the Hardship Letter to your Lender
Friday begins The Coldwell Banker 10 Day Sales Event running October 10-19th. In order to get a little more activity for our sellers Coldwell Banker is sponsoring a National Sales Event. This will be advertised on TV, Radio, Newspapers, and online. We asked our sellers for a price reduction and we … (0 comments)
I find that many people who contact me about help with their foreclosure situation have waited too long or moved too slowly towards finding a solution. They are understandably stressed and sometimes depressed, but I wish homeowners in trouble would understand the importance of addressing the situation and designing a plan early on. … (0 comments)
The real estate market in Jacksonville and Orange Park is just as crazy as anywhere... I guess! Although I really wouldn't know since I don't sell anywhere else other than Northeast Florida. Like anyone else I can only go by what's reported in the media. (Ahhh, the media! Don't get me started...that … (0 comments)
Aloha, and have a great day
Lance Owens (RS)
(808) 936-8383
Lance@KonaHomeTeam.com
www.KonaHomeTeam.com
Aloha Kona Realty Inc.
78-6740 Alii Drive
… (1 comments)
In addition to my previous blog defining "Short Sale" as a "Market Value Sale", there is now a new term floating around with the CEO's of large financial institutions these days: "Lender Mediated Sale". 
Many, many, many homeowners have found themselves forced to make a tough decision, to feed their family or to keep a roof over their head. And if you're one of these people or have a friend or family member that can just no longer make it you know it's a painful … (0 comments)
Thomas Dart, the Sheriff of Cook County, Illinois, the county I live in, has suspended home foreclosures. Chicago is in Cook County. The reason he says is that he is having to evict renters whom have paid their rent, but the home owner has defaulted. He says it is not fair to … (5 comments)
Foreclosure Rural Fixer Upper … (0 comments)
I know the market is tough right now and everyone is pinching pennies. However, if you've got vision and financial savvy you may be able to purchase your next home for next to nothing.
I got an email with this snippet from The New York Times that I thought I'd share - interesting stuff!
NEW YORK (CNNMoney.com) -- A plan announced today by Bank of America will be the most aggressive foreclosure prevention effort ever undertaken by a U.S. bank.
How does our government handout money to companies run by greedy buffoons who have mismanaged their companies seemingly having their main objective being to make themselves millions at any cost? At the very least the top management in every company applying for bailout, rescue money whatever the most palatable term is, … (0 comments)
You might not have been aware of the fact that you can sell your mortgage notes or sell it online, but more and more sellers are choosing to do so.
Wild Markets, The Fed, and Opportunities
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Since Foreclosures, short sales, and bank owned or REO properties are such a hot commodity right now, I've developed a few different websites here in the Virginia Beach, Norfolk, Chesapeake, and Hampton Roads area in general to keep my clients up to date in what's happening:
The housing market crisis spurred by the overwhelmingly embraced practice of predatory lending is unfortunate to say the least. Countless Americans are, as I type, selling off their excess belongings (and sometimes their cabinets and appliances) on Craigslist as they prepare to downsize to an apartment or move in with family and … (2 comments)