Sell Your House in 7 Days - David Cooper

Don't Lose Your House in a Foreclosure Auction

Sun, 28 Jun 2015 23:50:07 -0700

Don’t Lose Your House in a Foreclosure Auction by David Cooper on June 29, 2015 in Distress Property Solutions 310-463-7667NEED HELP in Los Angeles CALL 310-463-7667Foreclosure deals are still everywhere. That’s why it’s so important that you understand how to speak to a distressed seller about their options. You might be the very best chance they have at starting over without suffering from a foreclosure on their record and a severely damaged credit rating because they Don’t Lose Your House in a Foreclosure Auction When a distressed homeowner first talks to us about their property, they might not even be considering selling it. At that point, they know that they’re facing foreclosure, but they likely don’t know what their options are. As a real estate investor, our job is to help them understand all their options, which no one else may have taken the time to do. That brings me to another important point. As an ethical real estate investor, our goal is always to help a seller find a solution that’s best for them. Sometimes that might mean selling their house to us, but other times it won’t. By helping them understand their foreclosure options, you can provide them with valuable information and a way out of their situation that enables them to start over, which might end up being a win-win scenario for you both. Let’s discuss their possible options: 1. Keeping the House Through a Loan Modification If a homeowner is adamant that they want to try to keep their house, talk to them about how loan modifications and foreclosure avoidance plans work. By staying in direct contact with their lender and working out a refinancing or payback plan, they may be able to avoid foreclosure and eviction. The homeowner should be aware, though, that these modifications and plans come with very strict rules. A single late or short payment can result in almost immediate foreclosure. Often, lenders see loan modifications as a homeowner’s second chance. If a homeowner falls on hard times again, the lender is not going to be very understanding and is unlikely to offer them a second loan modification. If the homeowner believes that they can get out of their financial rut and stick to regular monthly payments, a loan modification might be the right step. If you’re talking with them about this, be sure to let them know that you may be able to help them if, at any point, they decide that they want to sell their home and get out from under the burden of their mortgage. If a homeowner wants to work with the bank through their loan modification process, don’t assume that that’s the end of it. This process is lengthy and highly stressful, and there’s always a significant chance that the bank won’t approve the modification. I recommend that you stay in touch with the seller throughout the process in case they aren’t approved and you end up being their only hope to avoid foreclosure. READ MOREDon't Lose Your House in a Foreclosure Auction http://www.lasvegaswinner.org/dont-lose-your-house-in-a-foreclosure-auction/

Delinquent Under Water Home Mortgages Declines

Wed, 17 Jun 2015 02:38:39 -0700

While more than a quarter of a million homes regained equity during Q1, the percentage of residential properties with negative equity – commonly referred to as being “underwater” or “upside down,” meaning the borrower owes more on the mortgage than the home is worth –Delinquent Under Water Home Mortgages Declines -year-over-year by about 19.4 percent from 6.3 million homes in Q1 2014 down to 5.1 million homes in Q1 2015. The 5.1 million homes with negative equity in Q1 represent about 10.2 percent of all residential mortgages nationwide.“Many homeowners are emerging from the negative equity trap, which bodes well for a continued recovery in the housing market,” said Anand Nallathambi, president and CEO of CoreLogic. “With the economy improving and homeowners building equity, albeit slowly, the potential exists for an increase in housing stock available for sale, which would ease the current imbalance in supply and demand. There are still about 5 million homeowners who are underwater and we estimate that a further 5 percent appreciation in home values across the U.S. would reduce the number of owners with negative equity by about one million.”The national aggregate value of homes in negative equity for Q1 was $337.4 billion, which was a year-over-year decline of 13 percent from the $388 billion reported for Q1 2014, according to CoreLogic.About 9.7 million residential properties out of the 50 million homes nationwide with a mortgage (19.4 percent) have less than 20 percent equity, which is commonly referred to as being “under-equitied.” About 2.7 percent of homes (1.3 million) have less than 5 percent equity, which is commonly referred to as having “near-negative equity.” Borrowers with near-negative equity are at risk of moving into negative equity if home prices drop, according to CoreLogic. Under-equitied borrowers may have a difficult time refinancing their homes or obtaining financing for another home purchase due to underwriting constraints, CoreLogic said. READ MOREDelinquent Under Water Home Mortgages Declines http://www.lasvegaswinner.org/delinquent-under-water-home-mortgages-declines/

Banks Increase Foreclosure Auctions on Non Paying Homeowners

Mon, 15 Jun 2015 04:40:28 -0700

Banks Increase Foreclosure Auctions on Non Paying HomeownersBanks realize that because of this seller’s market, they can get top dollar, even for the scratch-and-dent properties that foreclosures represent,” said Daren Blomquist, vice president at RealtyTrac. “That gives them more motivation to push through even some of the tough foreclosure cases that had lingered in the process longer.”Meanwhile, more zombie foreclosures in certain states reflect an increase in foreclosures starts in areas where it takes a long time to move through the process.The growing number of zombie foreclosures in certain metro areas contrasts with the strengthening national housing market. Zombie foreclosures throughout the U.S. fell to about 127,000 at the end of the second quarter — making up about one in five of properties in foreclosure — down 10% from a year earlier.It’s been years since the housing bubble burst (one popular measure says home prices in major cities started falling in mid-2006). A growing labor market and economy have helped some struggling homeowners, as have modified loans. Meanwhile, state and local lawmakers have enacted plans to speed up the foreclosure process or to use land banks to acquire troubled properties.Zombie properties cause a variety of problems. The empty homes frequently devolve into eyesores, hitting neighborhood property values. Banks don’t like them because the loans are non-performing assets. And governments miss out on tax revenue. The national zombie-foreclosure rate shows that one in every 1,040 homes was owner-vacated and in the foreclosure process at the end of the second quarter. An area with a relatively large number of troubled properties was New Jersey’s Atlantic City, where casinos are struggling and one in every 130 homes was a zombie foreclosure. Read More http://www.lasvegaswinner.org/banks-increase-home-foreclosure-auctions-on-now-paying-homeowners/

Todays Foreclosure News California

Fri, 12 Jun 2015 08:36:08 -0700

Los Angeles Foreclosed HomesZombies still up from a year ago in half of U.S. metrosZombies still increased in 91 of the 183 metropolitan statistical areas analyzed in this report. Major markets where the number of zombies increased from a year ago included New York (up 38 percent), Los Angeles (up 39 percent), Houston (38 percent), Philadelphia (up 19 percent), and Boston (up 14 percent).“We are at the end of a long workout cycle and the distress inventory being processed by banks here are an aggregation of tough foreclosure transactions that have typically evolved with starts and stops to the process but in reality the outcome for these REOs has been known for a while,” said Mark Hughes, chief operating officer with First Team Real Estate, covering the Southern California market. “As such the owners have moved on and left these zombie foreclosures to deteriorate and limp along until a new owner brings new blood.”There are many more options available in today’s housing market for homeowners and engaging a knowledgeable Realtor representative early in the process can potentially save troubled homeowners time, money, and potential credit and foreclosure actions.”The average square footage of an owner-vacated zombie foreclosure in the second quarter was 1,718, 92 percent of the average square footage of owner-occupied foreclosures (1,873) and 6 percent of all owner-vacated zombie foreclosures involved a deceased homeowner, compared to 3 percent of all owner-occupied foreclosures with a deceased homeowner.Financial institutions with the most zombie foreclosuresFinancial institutions listed as the beneficiary on the foreclosure documents with the most zombie foreclosures were Wells Fargo (16,171), Bank of America (9,543), US Bank (8,278), JP Morgan (7,519) and NationStar Mortgage (6,560).Banks Are Willing to Do Loan Modifications as Zombie Foreclosed Homes Increase by 39 percent in Los Angeles Area isTodays Foreclosure News California Read More //www.lasvegaswinner.org/today-foreclosure-news-california/http:

10 Ways On How to Sell Your House Before Foreclosure

Sun, 07 Jun 2015 03:42:33 -0700

310-463-7667 The increase in home ownership has been accompanied in many countries by record foreclosure rates, particularly during the recession. Just a couple of missed mortgage payments can start foreclosure proceedings, and before you know it the house you’ve worked so hard to buy can be taken away from you. Worse yet, you may still end up owing money if the sale of the home doesn’t cover your loan balance, and a foreclosure hits your credit like a freight train. If you’re threatened with foreclosure you may be able to prevent this scenario, but you’ve got to act fast.Make your mortgage payment your top priority. If you’re in serious financial trouble, don’t worry about credit card bills, personal loans, and other unsecureddebts until after you pay your mortgage. The only thing to be aware of if you take this path – credit card companies can harass you faster than your mortgage company right now. So be prepared for phone calls. Falling behind on these debts can cause you to accumulate fees and can damage yourcredit, but the consequences are simply not as serious as falling behind on your mortgage, soprioritize your debts accordingly.Get help. If you’re having trouble making payments, you may benefit from credit counselingor a debt management program that includes housing counseling. Your lender may have such a program, or you can see if your local housing authority or extension service offers debt counseling or foreclosure avoidance services. If not,Choose a credit counseling agencycarefully, as some agencies charge exorbitant fees that will make you even worse off. Depending on your circumstances a debt management program may also be a good option. Finally, you may also want to consult an attorney, especially if your situation may be the result of predatory or deceptive lending practices. In any case, get help quickly so that you can take advantage of all possible remedies, and above all be careful about who you deal with (see the warning below).10 Ways On How to Sell Your House Before ForeclosureREAD MORE http://www.lasvegaswinner.org/10-ways-on-how-to-sell-your-house-before-foreclosure/

Banks Offer Up to $10,000 in Short Sale Houses Moving Allowance

Tue, 02 Jun 2015 09:02:13 -0700

David Cooper 310-463-7667Banks grant short sales for two reasons: the seller has a hardship, and the seller owes more on the mortgage than the home is worth.Even in Foreclosure There is Money in Your HouseThe seller will need to prepare a financial package for submission to the short sale bank. Each bank has its own guidelines, but the basic procedure is similar from bank to bank.A few examples of a hardship are:Unemployment / reduced incomeDivorceMedical emergencyJob transfer out of townBankruptcyDeathThe seller’s short sale package will most likely consist of:Letter of authorization, which lets your agent speak to the bank.HUD-1 or preliminary net sheetCompleted financial statementSeller’s hardship letter2 years of tax returns2 years of W-2sRecent payroll stubsLast 2 months of bank statementsComparative market analysis or list of recent comparable salesWriting the Short Sale Offer and Submitting to the Bank READ MORE Banks Offer Up to $10,000 in Short Sale Houses Moving Allowance http://www.lasvegaswinner.org/banks-offer-up-to-10000-in-short-sale-homes-moving-allowance/

Ten Ways to Delay a Bank Foreclosure Auction on Your House

Wed, 27 May 2015 01:04:14 -0700

David Cooper Home Loan AdvocateAsk what it will take to stall foreclosure: Lenders may have programs in place designed to help homeowners. These types of programs have been facilitated by government subsidies as part of the 2009 economic bailout plan that provides help for homeowners. Ask what your lender can do and they can give you information about any programs they have to help homeowners.Begin negotiations or refinancing efforts: The foreclosure process may be stalled as you work with your lender to renegotiate or refinance your loan under one of the programs available.Request to see the note or other documents: Under debt collection laws, the bank has to prove you owe the debt by producing the original mortgage note. It may take them some time to find it, buying you more time to come up with the cash you need to avoid foreclosure. Ten Ways to Delay a Bank Foreclosure Auction on Your House Read More http://www.lasvegaswinner.org/ten-ways-to-delay-a-bank-foreclosure-auction-on-your-house/

Banks offer Distressed Homeowners $10000 for Short Sale

Tue, 26 May 2015 07:57:15 -0700

What is a Short Sale?A short sale happens when the lender is shorted on a mortgage, meaning the lender accepts less than the total amount that is due.If your mortgage is $100,000, but your home is worth, say, $90,000, you are $10,000 short, not including costs to close the sale such as real estate commissions, recording fees or title and escrow charges. It is possible to have a short sale if your mortgage balance matches the sales price because there are still closing costs that will throw the sale into “short” territory.Sometimes, to avoid going through the cost of foreclosure, a lender will sanction a short sale by letting a buyer purchase the home for less than the mortgage balance while the home is in pre-foreclosure stage. A pre-foreclosure stage is one of the three stages of foreclosures.Here are sample steps of a short sale:Seller signs a listing agreement with a real estate agent subject to selling as a short sale with third-party (the bank) approval. The agent finds a buyer who makes an offer based on market value, which is often less than the amount of the mortgage. Seller accepts the buyer’s purchase offer. Seller’s lender accepts the buyer’s purchase offer.Transaction closes when the READ MORE Banks offer Distressed Homeowners $10000 for Short Sale -----------------------------------------------------------------------------------------------------------------------------------------------------------------http://www.lasvegaswinner.org/banks-offer-distressed-homeowners-10000-for-short-sale/

Bank Owned REO Foreclosure Homes Sold for 87 Percent of Market Value

Thu, 21 May 2015 00:21:20 -0700

http://www.lasvegaswinner.org/homeThe average sale price of REOs sold in the first quarter was 87 percent of the average estimated market value of those same properties at the time of sale. In some markets REOs sold at a much higher price-to-value ratio, including San Diego, California (100 percent), Charlotte, North Carolina (100 percent), San Francisco, California (97 percent), Bakersfield, Carolina (97 percent) and Portland, Oregon (97 percent).“We’ve seen distressed inventory work its way through the auction and REO process at a varying pace depending on local market conditions and price points,” covering the Southern Californiamarket. “The uptick in April is a natural part of that flow toward equilibrium and a more stable market.”Markets where REOs sold for the lowest price-to-value ratio in the first quarter were East Stroudsburg, Pennsylvania (62 percent), Akron, Ohio (66 percent), Atlanta (70 percent), Cleveland (70 percent), and Baltimore (74 percent). READ MORE Bank Owned REO Foreclosure Homes http://www.lasvegaswinner.org/bank-owned-reo-foreclosure-homes-sold-for-87-percent-of-market-value-first-quarter/

5 Income Tax Write Offs That Makes Owning a Home Better Than Renting

Wed, 13 May 2015 23:32:00 -0700

Using data collected from the Internal Revenue Service (IRS), we calculated that a homeowner owning a home, who took the average for each of four tax benefits would claim $15,871 in home-related deductions. Those factors are as follows:Homeowners are given access to several tax benefits that renters don’t even know Buy and Hold investments can offer a lot more than monthly rent checks. Critical tax deductions can make huge contributions to your bottom line ever year., do homeowners really save that much more on their taxes than renters? . Interest paid on the mortgage Points paid on the mortgage The total cost of all property taxes The total cost of insuring the mortgage Transitioning from a renter to a owning a home comes with significant tax benefits. See how much you can save when you buy a home READ MOREhttp://www.losangelesforeclosures.biz/5-income-tax-write-offs-that-makes-owning-a-home-better-than-renting/

What Neighborhood Grade Makes Good Real Estate Investment

Tue, 12 May 2015 07:56:35 -0700

Low Income (“C” and “D” grade neighborhoods)Low income neighborhoods generally have a large portion of their residents on government assistance (for example Section 8 housing assistance). The ratio of renters to owner-occupied homes is greater than 50% and often as high as 80%.These neighborhoods are almost always the most affordable (lowest-priced) areas within a market and usually have some of the highest rent-to-value ratios. This provides some of the highest cap rates and cash-on-cash returns compared to other neighborhood types.You will find substantial area anchors including schools, churches and shopping in these neighborhoods. The anchors are there to meet the needs of the people that live there.Low income neighborhoods are best suited for the wholesale (flip) strategy. SEE MORE What Neigborhood Grade Makes Good Real Estate Investment-------------------------------------------------------------------------------------------------------------------------------------------------------------http://www.losangelesforeclosures.biz/what-neighborhood-grade-makes-good-real-estate-investment/

Real Estate Prices Increase as Spring Home Buying Season Begins

Mon, 11 May 2015 01:48:48 -0700

The median existing single-family home price increased in 85 percent of measured markets, with 148 out of 174 metropolitan statistical areas (MSAs) showing gains based on closings in the first quarter compared with the first quarter of 2014. Twenty-five areas (14 percent) recorded lower median prices from a year earlier. The number of rising markets in the first quarter was mostly unchanged compared to the fourth quarter of last year, when price increases were recorded in 85 percent of metro areas. Fifty-one metro areas in the first quarter (28 percent) experienced double-digit increases, a sharp increase from the 24 metro areas in the fourth quarter of 2014. – READ MORE Real Estate Prices Increase as Spring Home Buying Season Begins http://www.losangelesforeclosures.biz/real-estate-prices-increase-as-spring-home-buying-season-begins/

New Website Helps Real Estate Investors Find Fix and Flip Properties

Thu, 07 May 2015 01:44:07 -0700

Real Estate Properties With Fix and Flip Profit FixFlip.com goes beyond simple cost per square foot search calculations that might otherwise incorrectly identify a home as a bargain.FixFlip.com’s algorithm identifies only currently listed rehab properties best suited for investors, thereby saving fix/flip investors countless hours and money.This unique feature puts FixFlip.com in a class by itself.Key features and benefits of FixFlip.com include: Nationwide database provides daily updates and the most accurate property listingsProprietary property filtering shows listings that are investor oriented rehab opportunities Full property descriptions with complete agent contact information simplifies purchase inquiriesInvestors save time and identify investment properties faster with less hassle READ MORE Through a proprietary algorithm, FixFlip.com goes beyond simple cost per square foot search calculations that might otherwise incorrectly identify a home as a bargain. FixFlip.com’s algorithm identifies only currently listed rehab properties best suited for investors, thereby saving fix/flip investors countless hours and money. This unique feature puts FixFlip.com in a class by itself. READ MORE New Website Predicts Real Estate Properties With Fix and Flip Profit READ MORE NEW WEBSITE HELP REAL ESTATE INVESTORShttp://www.losangelesforeclosures.biz/new-website-predicts-real-estate-properties-with-fix-and-flip-profit/

Real Estate Mortgage Delinquency Rate Falls to 7 Year Low

Wed, 06 May 2015 03:27:48 -0700

Real Estate Home Mortgage Delinquency Rate Falls to 7 Year LowLoans that were at least 30 days late dropped to 5.54 percent in the first quarter from 6.11 percent a year earlier, the Mortgage Bankers Association said in a report Wednesday. The share was the lowest since the second quarter of 2007. Newer loans are benefiting from rising property prices, tighter underwriting requirements and the lowest jobless rate in seven years, while mortgages originated before the real estate bust are still moving through foreclosure. The share of loans on which foreclosure actions were started in the first quarter was 0.45 percent, the same as a year earlier, and the historical average, according to Joel Kan, vice president of surveys and forecasting for the Washington-based bankers group. READ MORE Real Estate Mortgage Delinquency Rate Falls to 7 Year Low http://www.losangelesforeclosures.biz/real-estate-home-mortgage-delinquency-rate-falls-to-7-year-low/

Los Angeles CA Real Estate Home Prices Hit 8 Month High March 2015

Tue, 05 May 2015 03:03:28 -0700

Los Angeles CA Real Estate Home Prices Hit 8 Month High Home prices rose 2% in March, pushing year-over-year growth to 5.9%, the fastest annual pace since July, said CoreLogic, an Irvine, Calif.–based analysis firm.Seven states, including Texas and New York, have reached new records, and 27 states are at or within 10% of peak price levels.Home prices rose 2% in March, pushing year-over-year growth to 5.9%, the fastest annual pace since July, said CoreLogic, an Irvine, Calif.–based analysis firm. Seven states, including Texas and New York, have reached new records, and 27 states are at or within 10% of peak price levels.In February, prices in six states were at record levels.“All signs are pointing toward continued price appreciation throughout 2015. In fact, the strong month-over-month gain in March may be a harbinger of accelerating price appreciation as we enter the spring selling season,” said Anand Nallathambi, CoreLogic’s chief executive.There were hints last year that home-price growth could rebound in 2015 as demand rose and supply remained constrained in cities across the U.S. Some economists have raised their forecasts for annual home-price growth, and now see it above 5% in 2016, rather than settling down closer to growth for worker paychecksIn February, prices in six states were at record levels.“All signs are pointing toward continued price appreciation throughout 2015. In fact, the strong month-over-month gain in March may be a harbinger of accelerating price appreciation as we enter the spring selling season,” said Anand Nallathambi, CoreLogic’s chief executive.There were hints last year that home-price growth could rebound in 2015 as demand rose and supply remained constrained in cities across the U.S. Some economists have raised their forecasts for annual home-price growth, and now see it above 5% in 2016, rather than settling down closer to growth for worker paychecks READ MORE REAL ESTATE HOME PRICESLos Angeles CA Real Estate Home Prices Hit 8 Month High http://www.losangelesforeclosures.biz/los-angeles-ca-real-estate-home-prices-hit-8-month-high/ #REALESTATE

How to Sell Foreclosure Real Estate Los Angeles CA For Top Dollar

Mon, 04 May 2015 03:24:23 -0700

Bar none the most important factor to help you get the most for How to Sell Foreclosure Real Estate Los Angeles CA For Top Dollar is pricing it correctly from the start. Find an experienced Real Estate Agent in your area that knows the fair market value of homes and use their expertise to help gauge where your home should be listed at. Priced competitively from the onset gives your property the very best opportunity to get seen and sold. READ MORE FORECLOSURE REAL ESTATEhttp://www.losangelesforeclosures.biz/how-to-sell-foreclosure-real-estate-los-angeles-ca-for-top-dollar/

List of Foreclosed Homes Los Angeles

Sun, 03 May 2015 01:17:51 -0700

List of Foreclosed Homes Los Angeles The first two steps in buying a foreclosure home should happen almost simultaneously: Find a real estate broker who works directly with banks that own foreclosed homes and get apreapproval from a lender Be prepared to prove source of funds if yours is an all cash offer. Source of funds could be a ard money lender who is willing to put up 65% of the after repaired value of the home, so your offer would have to be 65% below asking price to make the offer All Cash READ MORE LIST of Foreclosed Homes Los Angeleshttp://www.losangelesforeclosures.biz/list-of-foreclosed-homes-los-angeles/

43 Top Real Estate Economists Predict Great Returns Housing Thru 2017

Fri, 01 May 2015 00:22:16 -0700

The real estate industry is expected to remain on a sustainable course of solid growth for 2015 through 2017, according to a new three-year forecast from the Urban Land Institute (ULI) Center for Capital Markets and Real Estate. The outlook – the latest installment of the semi-annual ULI Real Estate Consensus Forecast – is based on a survey of 43 of the industry’s top economists and analysts representing 32 of the country’s leading real estate investment, advisory, and research firms and organizations. - READ MORE REAL ESTATE PREDICIShttp://www.american-apartment-owners-association.org/property-management/real-estate-investing/solid-real-estate-growth-predicted-2017/ FREE LIST Los Angeles Foreclosure Homes for Sale http://www.losanagelesforeclosures.biz

Wall Street Hedge Funds to Raise Rents 5.6% on Single Family Housing

Thu, 30 Apr 2015 08:32:24 -0700

The largest U.S. single-family home landlords plan to raise their rents as much as 5.7 percent this year as they shift focus from buying real estate to boosting their bottom lines.“In the 2015 rental season, we’re really seeing the ability to move rents,” David Singelyn, chief executive officer of American Homes 4 Rent, the largest publicly traded single-family landlord, with about 35,000 homes, READ MORE Wall Street Real Estatehttp://www.losangelesforeclosures.biz/wall-street-real-estate-hedge-funds-to-raise-rents-on-single-family-housing/

Buying a Home Is One of the Last Wealth Creation Opportunities

Tue, 28 Apr 2015 02:39:37 -0700

Due to current low interest rates and anticipated appreciation rates for the next few years, Buying a home is “one of the last legitimate wealth creation opportunities,”according to Tim Rood, chairman of Washington, D.C.-based business advisory firm The Collingwood Group“The leveraged return if you put down 10 percent on a house, the trajectory of appreciation lately is you’re going to get your money back inside of a year andthen after that 5 to 10 percent appreciation rates,” Rood said. “It’s phenomenal.” READ MORE BUYING A HOMEhttp://www.losangelesforeclosures.biz/buying-a-home-is-one-of-the-last-legitimate-wealth-creation-opportunities/

12 Steps to a Find the Lowest Interest Real Estate Refinance Mortgage

Mon, 27 Apr 2015 04:22:45 -0700

To get the lowest real estate mortgage refinance rates, first prepare your finances and then shop for interest rates with both major banks and loan brokers Here are 12 ways to ensure you lock in the lowest refinance rate possible: READ MORE REAL ESTATE REFINANCE htttp://www.losanagelesforeclosures.biz/real-estate-mortgage

New Secrets for Buying Pre Foreclosure Homes for Sale

Thu, 23 Apr 2015 23:23:08 -0700

Buying pre-foreclosures has two main advantages over buying at the auction or purchasing bank-owned properties, according to Siems. First, a homeowner facing foreclosure may be motivated and willing to do almost anything to avoid losing property to the bank. Secondly, investors can inspect the property before purchasing it. READ MORE SECRETS http://www.losangelesforeclosures.biz/6-secrets-for-buying-pre-foreclosure-homes-for-sale/

Home Prices are UP and Sales Are UP as Real Estate is Gaining Strength

Thu, 23 Apr 2015 04:03:39 -0700

April’s Auction.com Nowcast indicates that existing home prices will fall in the range of $201,052 to $222,215 for the month. The targeted price of $211,633 is up by 5 percent from April 2014. The release from Auction.com noted that the existing home sales data for March released Wednesday by the National Association of Realtors (NAR) found that both the annual rate of existing home sales for March (5.19 million) and the existing home price for March ($212,100) were within the ranges for March that Auction.com predicted a month ago in the Nowcast. The existing home price of $212,100 represented an increase of 7.8 percent from the previous March. READ MORE Home Prices http://www.losangelesforeclosures.biz/home-prices/ FREE List Los Angeles Foreclosed Homeshttp://www.losnagelesforeclosures.biz

10 Ways Contractors Make Your Home Repair a Nightmare

Tue, 21 Apr 2015 21:15:37 -0700

10 Ways Contractors Make Your Home Repair a Nightmare by David Cooper on April 22, 2015 in UncategorizedEven when dealing with licensed pros, homeowners hiring a contractor should seek referrals from past and current clients, and ask to see the contractor’s work, both completed and in progress. “Everyone has their own perspective of what’s good,” says Tom Pendleton, president and owner of Pendleton Homes & Remodeling in McLean, Va. A client might give a contractor a glowing recommendation because he was a nice guy who got the job done ahead of schedule, when the actual work looks sloppy. READ MORE 10-Ways-Contractorshttp://www.losangelesforeclosures.biz/10-ways-contractors-make-home-repair-nightmare/

Flipping Foreclosed Homes Trending Higher in 2015

Tue, 21 Apr 2015 00:04:25 -0700

The rising trend of home flipping around the country seen in Q4 continued to build momentum among investors in nearly every market surveyed in Q1, according Auction.com‘s First Quarter 2015 Real Estate Investor Activity Report released on Monday.The percentage of investors surveyed who said they intended to flip the properties they bought rose by 6.5 percent in Q1 from the previous quarter, according to Auction.com. The rise of that trend was especially evident in the Western States, where the ratio of investors who preferred flipping as a strategy over renting was as high as three to one in some places. The percentage of investors in both California and Washington who said they preferred to flip was 75 percent, compared to 24 percent for renting. The percentage of flippers in Nevada and Idaho was 79 percent and 71 percent, READ MORE http://www.losangelesforeclosures.biz/flipping-foreclosed-homes-trending-higher-2015/