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March 07, 2009
Are you wondering, "Is anybody going to buy my house?" If so, you can join the ranks of the worried homeowners association. Although it probably won't make you feel any better, you aren't alone in your quest to find a qualified buyer. Nearly everyone is feeling the pinch of the downturned economy and nearly crippled real estate market.
Buy my house is the chant of the day. Over the past few months I have seen sellers carrying "buy my house" signs to attract the attention of bus tour home buyers. Buy my house signs are posted throughout every neighborhood and busy intersection.
November 16, 2008
Looking for cheap homes for sale? If so, you're in luck! In today's recessed economy, foreclosures are occurring at an unprecedented rate. In most suburban neighborhoods, two of every ten homes are up for sale. Although not every house is cheap, there is an abundance of real estate properties priced well under current market value.
A large percentage of cheap homes from sale are foreclosure properties. However, great deals can be found in bank owned, short sale, probate and "For Sale by Owner" real estate. Each type of property has its own set of pros and cons. It is crucial to thoroughly understand what is involved. Otherwise, the cheap homes for sale could end up being one big money pit.
September 10, 2008
Foreclosure rates are skyrocketing and millions of Americans are facing the very real possibility of losing their home. Many homeowners are choosing to walk away from their house because they can no longer afford to pay high-interest mortgage notes on real estate which is now worth less than it was when they purchased it.
Foreclosure is also affecting numerous unsuspecting tenants. Oftentimes, homeowners rent their distressed property in hopes of being able to retain their property. If they end up losing their home to foreclosure, tenants are forced to move and generally end up losing their security deposit and advanced rent monies.
June 01, 2008
Investing in foreclosed real estate can be quite profitable if you play your cards right. While it's not always as easy as the late-night infomercials suggest the following tips can help you understand the facts and get prepared for what lies ahead.
When real estate is foreclosed, it first goes up for sale at auction. In order to buy foreclosed property, individuals must place a minimum bid equal to the amount of the loan balance, along with any accrued interest, attorney fees and other costs associated with the foreclosure process.
March 03, 2008
When looking at homes for sale, there are many options to consider. Are you looking for single family residence home or multi-family real estate such as a duplex or apartment building? Are you looking for a fixer-upper home or a brand new home that requires no additional work?
Many homes for sale are being offered as FSBO (For Sale by Owner), which may or may not be the best choice for you. Others are offered as REO (real estate owned) foreclosure homes, while other homes for sale are offered directly through a real estate agent.
October 22, 2007
Today, more Americans face forlosure than ever before. Newspaper headlines and the evening news report foreclosures at are the highest rate in 30 years. High interest rate loans, increased unemployment rates and expansive consumer debt are contributing factors to this financial phenomenon that is wreaking havoc on our economy.
Forlosure is a stressful process for all parties concerned. The homeowner is fearful of losing their home and the lenders are stressed about how foreclosures will affect their bottom line. With millions of homeowners defaulting on their mortgage loans, many lenders are facing financial ruin.
August 26, 2007
Do you have a cash flow problem? Insurmountable debts? Trouble with your mortgage? Foreclosure could be just around the corner unless you act now.
If you have debt trouble or a just a problem paying your monthly bills, you may be at risk of foreclosure. Yes, skip one payment on your mortgage and your lender is entitled to seize your property. Perhaps you're already in pre-foreclosure after defaulting on one or more payments.