March 2nd, 2010 - By allanmadams
The Obama foreclosure rescue strategy makes sure that there are more new loans available in the housing market, recommends the approval of more loan refinancing applications, and stimulates an increase in the number of permitted loan modifications by banks and lenders. The Helping Families Save Their Homes Act, which was signed into law by the President himself in May 2009, supports the foreclosure initiative. This legislation was designed to make some adjustments to the Hope for Homeowners Act that was then given the goal of aiding borrowers who had outstanding mortgage loans with values that were more than the selling prices of their homes.
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The Benefits of the Obama Foreclosure Rescue Strategy
(434 words, estimated 1:44 mins reading time)
Tags: Avoid Foreclosure, Borrowers, Corporations, Deficiencies, Endeavor, Fannie Mae, Fannie Mae And Freddie Mac, forecloser, foreclosure news, Foreclosures, Freddie Mac, help with foreclosure, Home Loans, Housing Market, Installments, Legislation, Lenders, Little Chance, Loan Modification, Loan Refinancing, Mortgage Loans, obama foreclosure bailout, obama housing bailout, obama mortgage bailout, obama plan, obama rescue plan, Observation, Substantial Influence
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February 25th, 2010 - By allanmadams
For investors or residents who are considering purchasing a foreclosed home, there are often repairs needed that should be considered when agreeing on a purchase price. The difficulty with foreclosed home purchases that are especially done at auctions is the inability to inspect the home prior to purchase. Foreclosed home investors need to have an idea of common repairs and pitfalls associated with purchasing a foreclosed home in order to firmly assess whether or not they are getting a good value for their dollar.
Call A Dumpster
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Common Repairs Needed on a Foreclosed Home
(950 words, estimated 3:48 mins reading time)
Tags: Burst Pipes, Carpet Repair, common repairs on bank foreclosures, Drywall, Dumpster, Electrical Upgrades, Foreclosed Home, Foreclosed Homes, Foreclosure, Foreclosures, Foundation Problems, Hardwood Floors, Home Purchases, Infestations, Leaking Pipes, Left Behind, Mold, Pitfalls, Poor Ventilation, repairs bank foreclosures, Rodent, Sheetrock, Windows And Doors
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February 24th, 2010 - By
We recently filed Chapter 13 to avoid foreclosure, but now I am thinking about letting the house go and changing to Chapter 7? We can’t afford the house mtgs, taxes and insurance on our reduced salary. Question – in a chapter 7 can the creditors (?) come in and take stuff from your house? If so, what are they looking for – high ticket items? We do not have any. Husband is afraid they will come in and take all kinds of stuff. I disagree. With all the foreclosures coming down right now, they do not have the time or expense to chase all these down.
What about the 2 cars we are behind on payments on?
Has anyone gone thru this?
Permanent link to this post (123 words, estimated 30 secs reading time)
Tags: Amp, Avoid Foreclosure, Cars, Chapter, Chapter 13, Chapter 7, Creditors, Foreclosure, Foreclosures, Gone, Have, Insurance, Salary, Thru
Posted in Avoid Foreclosure | 1 Comment »
February 11th, 2010 - By
Without filing bankcu… My mortgage is 4000 a month. Is it possible to save the house and lower my payments. The bank said they gave and alotment of foreclosures to a law firm . They will not give me that information.
Instant Reverse Cell Phone Lookup
Permanent link to this post (47 words, estimated 11 secs reading time)
Tags: April, Auction, Cell Phone Lookup, Date, Date Auction, Foreclosure, Foreclosure Auction, Foreclosures, Instant Reverse Cell Phone Lookup, Mortgage, Reverse Cell Phone, Reverse Cell Phone Lookup, Sale, Stop
Posted in Stopping Foreclsoure | 8 Comments »
February 5th, 2010 - By
The gov has been working on a solution to help avoid foreclosures but I am having a tough time finding the latest news on what the plan is. Can anyone steer me in the right direction?
Permanent link to this post (37 words, estimated 9 secs reading time)
Tags: Foreclosures, Help, Latest, Latest News, News, Right Direction, What
Posted in Avoid Foreclosure | 4 Comments »
January 26th, 2010 - By allanmadams
With more foreclosures now than ever before, America’s weak real estate market seems to set new dismal records each month. Yet well-funded investors in real estate are seizing upon this opening to profit from an profoundly profitable new opportunity.
The real estate investing strategy du jour is called ‘Bulk REO Investing‘ and is a real monster.
Consider with me, if you will, the fundamentals of the Bulk REO business.
To understand Bulk REO investing is to understand the foreclosure process.
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Basics of Bulk REO Investing
(320 words, estimated 1:17 mins reading time)
Tags: bulk reo, bulk reo investing, Buscemi, buyer mandate, Commercial Financing, Conventional Sources, Defaulted Property, Foreclosure Proceedings, Foreclosures, Hard Money, Hedge Fund, Hedge Funds, Investment Packages, Lenders, Local Real Estate, Private Investors, Real Estate Agents, Real Estate Owned By The Lender, Recession, reo packages, Reo Properties, Retail Buyer, Salvatore, seller mandate, Sources Of Funding
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January 25th, 2010 - By
Yes, but only for the banks. They offer the banks incentives to modify your mortgage to a point. However, if you simply bought more house than you can reasonably afford, these programs are not meant to benefit you. Someone making $50,000 will not be entitled to stay in their $500,000 house that they financed with a “liar loan”. Ask your specific lender for details
Permanent link to this post (65 words, estimated 16 secs reading time)
Tags: Avoid, Banks, Foreclosures, Government, Government Foreclosures, Government Programs, Government Property, Incentives, Liar, Mortgage, Programs, Property, Property Foreclosures, Sponsored, Sponsored Programs, There
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January 7th, 2010 - By allanmadams
One way to make sure that you will be able to garner a large part of the market for for bank owned, real estate owned (REO), and foreclosure properties is by using realtor websites. Make sure that you have included the words and phrases that are relevant to this specific niche of the real estate market when performing your search engine optimization (SEO) activities. This will greatly increase your chances of being visited by investors who are seeking these types of properties because your site will appear on the top ranks of the search engine results pages when they type in those words or phrases.
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Realtor Websites and the Impact of Foreclosures
(438 words, estimated 1:45 mins reading time)
Tags: Bank Foreclosure, Bank Owned Real Estate, Foreclosure Properties, Foreclosures, generating realestate leads, getting leads, getting motivated leads, idx mls solutions, Investors, MLS, Multiple Listing Service, Niche Market, Optimization Seo, Prerequisite, real estate leads, realtor sites, realtor web sites, realtor websites, Realtors, Reo Bank, Reo Properties, Search Engine Optimization, Search Engine Results, Search Widgets, Valuable Service, Widget, Words And Phrases
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December 26th, 2009 - By allanmadams
Typically the lenders owning foreclosed properties will provide potential buyers with the ability to view the homes ahead of time because the home, despite it being sold in an as-is condition. This is the case for a home being auctioned off. Working with a real estate agent experienced in foreclosures can be a major asset in making sure you have a thorough inspection. These agents will be skilled in the extensive paperwork process involved with foreclosed homes as well as being able to provide buyers with advice on the pitfalls to watch for.
Deciding to Use an Inspector
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Three reasons to Inspect a Foreclosed Property
(743 words, estimated 2:58 mins reading time)
Tags: Bank Foreclosure, Bid Price, Buyers Agent, Certified Home Inspector, Dwellings, Extent, First Glance, Foreclosed Homes, Foreclosed Property, Foreclosure, Foreclosures, Home Evaluation, home inspection, Lenders, Mortgage Holder, Paperwork, Pitfalls, Professional Inspector, Rainy Days, Real Estate, Real Estate Agent, Single Family, Slope
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December 16th, 2009 - By allanmadams
With more foreclosures now than ever before, America’s weak real estate market seems to set new dismal records each month. Yet well-funded investors in real estate are seizing upon this opening to profit from an profoundly profitable new opportunity.
The new opportunity is known as ‘Bulk REO Investing’ or ‘REO Package Investing’ and it’s a huge opportunity.
Consider with me, if you will, the fundamentals of the Bulk REO business.
To understand investing in Bulk REO, you have to understand the foreclosure process.
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Beginner Bulk REO Investing 101
(315 words, estimated 1:16 mins reading time)
Tags: Barage, Beginner Investing, bulk reo, bulk reo investing, Buscemi, Commercial Financing, Conventional Sources, dandrew capital, dandrew capital partners, Designation, foreclosure investing, Foreclosure Proceedings, Foreclosures, Hard Money, Hedge Fund, Hedge Funds, Investing 101, Lenders, Local Real Estate, Private Investors, Public Auction, Real Estate Agents, Real Estate Investing, real estate investments, Real Estate Investors, sal buscemi, Salvatore, Sources Of Funding
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