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Archived Articles on Real Estate and Foreclosure
Are You Looking For A Site That Has Low Cost Mls? By: Kristi Ambrose
One website I found online will actually allow you to list your home(s) for sale on the same local Realtors MLS and many other real estate websites. This is a great way to go about finding the people you need to find in order to sell your house.(read entire article)(posted on: 2009-05-03)
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Understanding The Steps Of A Bank Foreclosure By: Otto Ruebsamen
The bank foreclosure process is a several step process which is activated by a bank which owns a mortgage that is not being paid on. Typically a bank will take steps to correct the situation prior to beginning the bank foreclosure process. This is due to the fact that this foreclosure process is quite costly to the bank and under most circumstances the bank will end up losing money on the resale of the home as well making it a huge overall loss to the bank.(read entire article)(posted on: 2009-05-03)
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Why To Invest In Property In France? By: Derek Grimshaw
French property for sale - AMR4France assist English people looking to buy or let French properties. It offers French property for sales including houses, holiday and investment properties in France.(read entire article)(posted on: 2009-05-02)
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Buying A House In Memphis During The Recession By: David M. Sandy
The article offers future home buyers some valuable tips regarding how to make an offer to purchase a home during the recession period.(read entire article)(posted on: 2009-05-01)
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Filling Bankruptcy In Memphis By: David M. Sandy
The article reviews the procedure of filling bankruptcy in Memphis along with useful tips and instructions.(read entire article)(posted on: 2009-05-01)
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Primary Buyer Support Levels In Residential Real Estate Markets By: Lawrence Roberts
The two true real estate investor types, Rent Savers and Cashflow Investors, move in to a market and create a bottom when comparative rents come into alignment with the total cost of ownership. Rent Savers enter the market and begin purchasing real estate. It makes sense for them to do so because ownership becomes a savings over renting (hence the term Rent Saver).(read entire article)(posted on: 2009-05-01)
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Mortgage Modification By: Chad Sunyich
The recent $75 billion mortgage modification plan captained by President Barack Obama has created a frenzy of scams and fraud now targeting the people the program was originally designed to help. Since October of last year, Freddie Mac and Fannie Mae alone have received a total of $59.8 billion from the recent bailout fund. But is the plan actually helping or hurting American consumers?
According to Moody’s, of the 52 million homeowners in the U.S., nearly 13.8 million, or just under 27 percent, owe more money on their mortgage than their property is worth. Credit Suisse estimates the U.S. could see nearly six million new foreclosures between 2009 and 2012 if trends continue at the current pace. Consumers are desperate for a “life-line,†and are willing to do whatever it takes to stay in their homes.
President Obama’s mortgage modification program was designed to rescue up to nine million of those homes from falling into foreclosure; however, the messages received by consumers are not always aligned with this goal.
In a recent warning by the U. S. Treasury Department, federal and state officials are now targeting scams and fraud related to mortgage modification loans and the Obama administration’s efforts to revitalize the mortgage lending industry. The Justice Department and the Federal Trade Commission are also stepping in by alerting banks and questioning possible scam artists in connection with illegal loan modification programs.
Government officials report that borrowers in risk of default or foreclosure. are being targeted by scammers who are charging upfront fees of $1,000 to $3,000 to help modify or refinance homes. However most of these loans never happen. Attorney General Eric Holder said the FBI is investigating about 2,100 mortgage fraud cases, a 400 percent increase from five years ago.
Below are a few simple rules to help avoid scams and fraud.
When evaluating a product or service and before signing anything, find out a little information about the company. Check out how long they have been in business. Do they have a clean record with the Better Business Bureau? Do they have any complaints or pending lawsuits? After researching the company, its owners, and a sample of past clients, find out how much money you have to spend to evaluate whether the solution is right for your specific needs.
Make sure that you can afford the initial investment to get started and find out what additional fees will be charged if you decide to move forward. Lastly, make sure that you actually qualify for the product or service if it requires lending or government assistance.
Homeowners can also locate free housing counselors at http://www.makinghomeaffordable.gov or by calling (888) 995-HOPE.
Author Chad Sunyich writes here about mortgage modification plan which is captained by President Barack Obama. President Obama’s mortgage modification program was designed to rescue of those homes from falling into foreclosure. Now U. S. Treasury Department targeting scams and fraud related mortgage lending industry. Also he writes here few simple rules to help avoid scams and fraud. Find out how much money you have to spend to evaluate whether the solution.(read entire article)(posted on: 2009-05-01)
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The Reality Of Residential Rehabs By: Otto Ruebsamen
Real estate business is booming again and it is a great time to buy property again. There are several areas of real estate to invest in but off-late, buying a residential property for renovation is seen to be one of the best investments you can make.(read entire article)(posted on: 2009-04-30)
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The Foreclosure Crisis And How The Private Market Fell For The Bubble By: Nick Adama
Foreclosure victims should be aware of the role of these private market professionals in taking advantage of the artificial boom in housing prices to impoverish borrowers.(read entire article)(posted on: 2009-04-30)
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What Are The Two Kinds Of Real Estate Investors? By: Lawrence Roberts
There are two types of true real estate investors: Rent Savers and Cashflow Investors. These two groups will enter a real estate market without regard to future appreciation because either the cash savings or the positive cashflow warrant the purchase price of the asset. These people are largely immune to the emotional pratfalls of speculators because the value of the investment to them is not dependent upon a profit to be garnered when the asset is sold. They will hold the asset through any price declines because they are not feeling any pain when prices drop. Since these investors will purchase houses even if prices are declining, they are the ones who move in to create a bottom and end the cycle of declining prices.(read entire article)(posted on: 2009-04-30)
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