ARCHIVED BLOG POSTS
2010
1
Comments
An REO is real estate owned by the bank, and many investors consider an REO property to be money just waiting to happen. An REO is different from a foreclosure property in that the bank has already tried to sell it at a foreclosure auction and has had no luck getting bids. Because the property wa...
02/25/2010
1
Comments
Have you ever heard of the term pre foreclosure? Do you think that this means the same thing as a foreclosed property? If you answered yes to these questions you are not alone. But at the same time, if you answered yes you are not familiar with the advantages of buying pre foreclosures. Pre forec...
02/25/2010
0
Comments
Talking about foreclosure real estate can be hard enough without even entering the market. That's because foreclosures tend to have their own language, employing many obscure words originating in govermnent housing legislation and real estate law. Without a background in these areas, prospective ...
02/25/2010
0
Comments
There are many ways to lose a home but signing away ownership in a manner that destroys credit, embarrasses the family and strips an owner of dignity is one of the hardest. For owners who can no longer afford to keep mortgage payments current, there are alternatives to bankruptcy or foreclosure p...
02/24/2010
1
Comments
The term bank foreclosure is one which may seem mysterious to many individuals, especially if they have never experienced one and/or are unfamiliar with real estate terms. Bank foreclosures occur when a current homeowner can no longer pay their mortgage, is deemed to be in default and the bank re...
02/24/2010
0
Comments
Whether you are an investor that would like to get into buying foreclosed homes for your personal use or to flip the property or if you are having your home foreclosed on, you should know what to expect at a foreclosure auction. Of course, the actual steps that will be taken can vary a bit from s...
02/24/2010
0
Comments
Unbelievable but true – more than two million citizens of the United States are facing foreclosure due to a missed payment or delay in repayment of there mortgages secured giants their property every year! The phenomenon of property foreclosure is escalating in the United States and more and cons...
02/24/2010
0
Comments
Tax foreclosures are the business of buying properties for little more than the back taxes owed. When owners do not pay property taxes, the taxing entity has a legal right put a tax lien on the property in the amount of the past due taxes plus any interest and penalties. If taxes remain unpaid, t...
02/24/2010
1
Comments
Real estate is not always an easy venture to be involved in. Mortgages are huge loans, and monthly payments can be extremely steep. Especially with the trend a few years back to give out sub-prime mortgages, there have been a lot of foreclosures lately. But foreclosure should be avoided at all co...
02/24/2010
Profit from other people's misery by learning preforeclosure secrets in real estate investing. You can make the seller's misery a little less from buying a preforeclosure property than a foreclosure property. A preforeclosure does not tsay on a person's credit record as long as a foreclosure does...
02/24/2010