April 2008 Monthly Archive
April 29, 2008
Chapter 13 Payments
Chapter 13 payments are established as part of Chapter 13 bankruptcy filing. The debtor must make regular payments directly to an assigned Trustee who oversees the case. The Trustee will then disperse payments to creditors until accounts are paid in full. In some instances, chapter 13 payments can be made through payroll deductions if approved by the bankruptcy court.
Once bankruptcy has been approved, chapter 13 payments are outlined in the debtor's repayment plan. Regular payments are made to repay creditors, tax liens and if the debtor owns a home, chapter 13 repayment plans can help stop foreclosure.
Real Estate Investing article on "Chapter 13 Payments"
April 27, 2008 | Comments: 5
California Probate Realestate
California probate realestate is one of the biggest untapped real estate markets in the United States. Oftentimes probate houses can be purchased for pennies on the dollar because Estate Executors don't have the time or money to deal with them.
Estate Executors of California probate realestate frequently sell the property for less than it is worth. This is particularly true if the estate executor resides out of town or in another state. Selling the probate real estate can save them a tremendous amount of money in travel expenses, legal fees and other costs associated with settling the decedent's estate.
Real Estate Investing article on "California Probate Realestate"
April 23, 2008 | Comments: 1
Bank Loss Mitigators
Bank loss mitigators are individuals who work with homeowners facing foreclosure. Typically, loss mitigators are representatives of the Loss Mitigation Department of banks and lending institutions. However, they might also be independent agents who work directly with the homeowner and assist in negotiations with mortgage lenders.
The primary duty of bank loss mitigators is to help homeowners devise a plan that will enable them to either remain in their home or obtain a short sale. Loss mitigators review the homeowner’s financial situation and help them determine which plan will be in their best interest.
Real Estate Investing article on "Bank Loss Mitigators"
April 17, 2008
Bank Foreclosures: Evaluating the Risk Before You Invest
Bank foreclosures offer investors the potential to make a hefty profit, but they also carry a tremendous risk. Before investing in real estate owned properties, it's imperative to conduct research to fully understand the process involved and weigh the pros and cons.
When foreclosure homes are not sold at auction, they are returned to the bank. Also known as real estate owned (REO), bank foreclosure properties are sold directly through the lender. Most banks want to sell REO properties as quickly as possible. However, this does not mean they are eager to sell them for less than is owed on the mortgage note.
Real Estate Investing article on "Bank Foreclosures: Evaluating the Risk Before You Invest"
April 14, 2008
Real Estate Investors: How to Spot Con Artist Scammers
Some real estate investors are circling like vultures in distressed markets. Waiting and watching to catch the distraught homeowner having a weak moment, then sweeping in to save the day by offering to buy their home for pennies on the dollar.
There are plenty of shady real estate investors who will invade your privacy with promises of wealth. They encourage you to invest in distressed properties through unsolicited emails, send you free tickets to investing seminars, and entice you through late-night infomercials.
Real Estate Investing article on "Real Estate Investors: How to Spot Con Artist Scammers"
April 10, 2008
Distressed Properties: The Truth About Investing in Foreclosure and REO Houses
Distressed properties are a real estate investor's dream, but are they profitable as many people claim? According to experts, the answer is a resounding "Yes!" -- if you know the tricks of the trade.
Investing in distressed properties such as foreclosure and real estate owned (REO) houses can pave the way to profits. However, experts warn investing in these types of homes will not create overnight wealth. Instead, investing in foreclosed homes is better suited for investors who prefer slow and steady portfolio growth or those who engage in house flipping.
April 06, 2008 | Comments: 1
"For Sale by Owner"--- Real Estate for Sale
Type in "real estate for sale" at your favorite search engine and you'll find more than 200 million results. Drive through nearly any community and you'll find dozens of "For Sale" signs situated in front yards. Pick up any newspaper and you'll find page after page of real estate for sale.
With all this real estate for sale it's become a "Buyer's Market."
A Buyer's Market means there is too much real estate for sale for the number of available buyers. Homes take longer to sell and prices fall. This is good news for potential homeowners, but not-so-good news for sellers; particularly those who need to sell their homes in order to avoid financial ruin.
Real Estate Investing article on ""For Sale by Owner"--- Real Estate for Sale"
April 01, 2008 | Comments: 2
"Real Estate Investing" Is House Flipping the Way to Get Started?
Real estate investing is certainly not new, but today's real estate market is considerably different than it was just a decade ago. Although the real estate market is currently cool, investing has never been hotter.
Every day, people flock by the dozens to real estate investing seminars in hopes of achieving their financial dreams. They know there is money to be made in realestate and are willing to plunk down a few thousand bucks to obtain the knowledge.
Real Estate Investing article on ""Real Estate Investing" Is House Flipping the Way to Get Started?"
