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July 12, 2010

Homes in Foreclosure

The number of homes in foreclosure is expected to reach 4 million by the end of 2010. According to Bloomberg Business Week, more than 7 million homeowners have already fallen victim to America's real estate epidemic which has led to declining property values and lack of new home sales across the nation.

Homes in foreclosure affect more than those who lose their house. Entire communities pay the price. Real estate prices drop dramatically in areas hit hard by foreclosure. Homeowner's association fees rise to compensate for evicted property owners. Communities lose funds normally acquired through property taxes. Local governments are forced to make budget cuts to public services and education.

Real Estate Investing article on "Homes in Foreclosure"

February 22, 2010

Real Estate Short Sale

A real estate short sale is a type of agreement sometimes offered by mortgage lenders to borrowers who have fallen behind on home loan payments. In order to obtain short sale approval certain eligibility requirements must be met. While short selling offers financial relief to borrowers, it might not be the best strategy.

The real estate short sale process can take between three to six months to complete. The first step involves contacting the bank loss mitigation department. In addition to handling short sale real estate, loss mitigators also work with borrowers to obtain loan modifications, mortgage refinancing and deed in lieu of foreclosure transactions.

Real Estate Investing article on "Real Estate Short Sale"

May 05, 2008

Short Sale

Some mortgage lenders offer short sale real estate transactions to borrower's who have defaulted on their loan. In a nutshell, lenders allow borrower's to sell their property for less than is owed on it - hence the name, 'short sale'.

Short sales provide borrower's with an opportunity to sell their property and get out from under their loan. When negotiated properly, short sales allow the homeowner to walk away from the property, salvage what's left of their credit, and avoid foreclosure.

Real Estate Investing article on "Short Sale"

December 03, 2007

Realastate

Although the realastate market is currently in a slump, experts predict it will rebound in the near future. Savvy investors know now is the time to get in on great real estate deals that can yield plenty of profits in the future.

If you are just starting out in the realastate game, you will want to learn all there is to know before shelling out your hard earned cash. There are numerous types of realastate investments including houses, apartment buildings, condos, retail centers, office buildings, undeveloped land and real estate investment trusts (REIT).

Real Estate Investing article on "Realastate"

September 26, 2007

What is a Short Sale?

'Short sale' is a real estate industry term used when a lender accepts a discounted payoff on a mortgage loan. Short sales offer homeowner's who have defaulted on their mortgage an opportunity to sell the home for a lesser amount than is owed and avoid foreclosure.

Not all lenders are willing to engage in a short sale. Those who do, generally have their own set of procedures. Some may require the Seller to work with a real estate agent. A few will accept the short sale as full payoff, while others will require the Seller to pay the difference between the short sale and the original amount of the loan.

Real Estate Investing article on "What is a Short Sale?"