banks: Summer Brings Sales - In Foreclosures II - 07/05/13 03:54 AM
Summer Brings Sales - In Foreclosures II
As Summer heats up, we find that the sales are heating up as well.  Though there were only ten foreclosure sales noted in the  newspaper (TNT) this week the number jumped up to twenty-one!
These were split almost evenly between next Friday, July 12th and four weeks out on August 2nd. Next week had a couple extra, with a total of eleven sales scheduled.  Next month's first sales were showing nine scheduled.  The other two were evenly split between two weeks out on July 19th, and five weeks out on August 9th.  As is normal, … (6 comments)

banks: Free Access to Credit Scores Act - 06/04/13 09:34 AM
Fair Access to Credit Scores Act of 2013
There is a bill before Congress called the Fair Access to Credit Scores Act of 2013 (introduced in March), and some believe that this will be of benefit to the home buying public.  They believe that if the consumer is provided with a FREE credit score, along with the free credit reports that are now law, that they will better understand where they stand on the credit continuum, and aren't as likely to get overcharged in their use of credit.
There is a well-known national magazine which is supporting this Act.  Yet even … (5 comments)

banks: Spring Brings Sales - In Foreclosures - 04/29/13 03:15 AM
SPRING BRINGS SALES - In Foreclosures As spring has come upon us, the sales of homes has begun in earnest.  Some are even complaining about lack of inventory to meet the needs of their buyers.  This brings about what has not been seen in some time - bidding wars.
In light of such a change in the real estate market, another group has decided it must be time to get into the market again.  Those players are the banks, who have foreclosed properties to sell.  After several months of NO foreclosure notices in the local newspaper, the number of foreclosure notices … (11 comments)