November 25, 2007

Forclosures

Home forclosures are escalating across the entire nation, forcing people out of their homes and into bankruptcy. Florida has taken one of the hardest hits in foreclosures, with more than 20,000 filings in 2007. California and Texas are close behind, with forclosures reaching well over 10,000 in each state.

Foreclosures in Arizona have risen over 40 percent since last year and Colorado reports 1 out of every 345 households has filed forclosure or on the brink of filing. Vermont, Maine and the District of Columbia seem to be the only states immune from forclosures. However, experts predict foreclosure rates will rise in these states when adjustable-rate mortgages start escalating.

Real Estate Investing article on "Forclosures"

November 12, 2007

Shortsale are lenders willing to do them?

Today, many lenders are willing to engage in shortsale real estate transactions in order to avoid the expense of foreclosure. In a nutshell, when a lender accepts less money than is owed on the loan, it is considered a shortsale. Sounds simple, but the process is actually quite involved. If you do it correctly, you can walk away from your home without owing a dime.

Real Estate Investing article on "Shortsale are lenders willing to do them?"

November 03, 2007

Tips for Giving and Receiving Inheritence Property

Inheritence can be a complicated matter. There is paperwork to file, taxes to pay and occasional family battles to contend with. If a person dies without leaving a will, inheritence property can be tied up in probate court for quite some time.

Even if inheritance property is listed in a will or living trust, it must still go through probate to ensure its validity. A probate judge reviews the deceased's estate, notifies beneficiaries and verifies assets. If there are debts associated with the estate, they must be settled prior to disbursement of inheritence property.

Real Estate Investing article on "Tips for Giving and Receiving Inheritence Property"