The current real estate environment is ripe with potential issues that must be taken into consideration. Local real estate prices, mortgage worthiness and local economic and employment conditions are only some of the variables that an investor in foreclosures must take into account. If someone is just beginning to invest in foreclosures to build their real estate portfolio, it is important to understand that decisions made …
There are several ways to accomplish the purchase of buying homes without using any cash. this article is just a couple of way of doing it. Owner occupents are the focus as these tactics are available to investors. Federal Housing Administration (FHA) foreclosure homes are different from any other type of foreclosure home in that there are several methods of buying a property utilizing low money down …
Should You Choose an ARM For Your Foreclosure Home Purchase? If you qualify for the particular foreclosure home you wish to purchase with a fixed interest rate, then you should choose the fixed rate mortgage 99% of the time. In this article you will learn why the ARM can be such a bad idea and how you can overcome the anxiety of your decision based upon …
Assistance For Homeowners Facing Bank Foreclosure: The Homeowner Stability Initiative The current economic recession, which began in December 2007 according to the National Bureau of Economic Research, has created grim conditions for some homeowners and neighborhoods throughout the country. On February 18, 2009, President Barack Obama unveiled the Homeowner Affordability and Stability Plan, a $75 billion dollar program intended to assist homeowners facing bank foreclosure. The …
Like every other third party mortgage investor on the planet, Fannie Mae has had a rough time lately. When Wall Street finally stopped buying sub-prime loans Fannie Mae found themselves holding millions of un-sellable mortgages…essentially holding the bag. Was it greed that created this situation? That is too easy of an answer. The truth is the system was set up for people who are responsible …
When is the Real Estate Market going to turn around? Some experts say that the housing market will not turn around until late in 2011. One thing for sure is that there is a lot of profit to be made in foreclosures. Either buying foreclosures to hold (which I have done many times) , selling foreclosures as a professional (the commission is often double, I did this thousands of times) …
REO stands for “Real Estate Owned” and is the term that the mortgage holder uses to identify homes that they have foreclosed on and they are holding in their inventory. These “REO listings” are held in the banks inventory for as short a period of time as possible because a Bank or lending institution does not want to own Real Estate and until recently, rarely …
REO listings are nothing more than foreclosure that are using a less known acronym. Read more »
If you’re looking to save money on purchasing a house, foreclosures are a great way to go. However, even if you find the property for free (which you can do on USHUD.com) there are still very costly mistakes that most people make when buying a foreclosure. Foreclosure Buying Mistake #1: Taxes It is unfortunate, but most people over pay on the transfer taxes of their foreclosure …
5 Costly Mistakes When Buying Government Foreclosures Read more »