|
|
27 Articles match "2008","Information","Properties"
|
The Latest from RealtyTrac
|
MORE
|
|
Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
The homeowner said he was trickedinto signing over the title of his home by a scam artist who didnothing to stop the foreclosure and then took out another loan againstthe property with no intention of paying it off. At the same time, thesteep rise in housing prices over the last few years has created amassive amount of equity in many properties — a tempting target forswindlers. An article in the Los Angeles Times onTuesday documented the sad story of a defaulted homeowner who was thevictim of alleged foreclosure fraud. The article goes on tomake the case that foreclosure fraud
www.foreclosurepulse.com
- Tuesday, December 16, 2008
|
-
|
The Best from RealtyTrac
|
MORE
|
-
Solving the MERS Mystery
That’s because when they see MERS — or its expanded manifestation, Mortgage Electronic Registration System — listed as the lender for a property, it often means extra work finding contact information for the actual lender who is foreclosing. Foreclosure documents often list MERS as the lender even though it is not able to answer any questions about the property, let alone entertain offers from interested buyers or investors. Many foreclosure investors consider MERS a four-letter word. MERS is a system used by many in the finance industry to track loans and the lenders in
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Foreclosure Search: Lessons from Long Beach
A few days ago I spoke to a new RealtyTrac customer who was having trouble tracking down foreclosure property in Long Beach, Calif . She said something like, "Is the information on your site accurate? havent had any success in pursuing properties." I So we looked up some of the properties she was interested in, calledone of the property trustees and walked away with information that Ithink will be helpful both for her and for RealtyTrac.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
How to finance your foreclosure purchase? How about your IRA?
If youre looking for creative ways to finance an investment in a foreclosure property, you may not need to look much further than your retirement account. Titled " Buying Investment Property Through Your IRA ," the article offers a wealth of information on how to use funds already in your IRA to invest in different types of properties. While the article doesnt discuss foreclosure properties directly, much of the A good article ran today in Lew Sichelmans Realty Q & A column in MarketWatch. Among other things, Lew covers some of the tax strategies, limitations and
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Michigan Goes Hollywood to Help Homeowners
In June 2008 — the most recent monthly ranking available from RealtyTrac — the Great Lakes State ranked fifth nationally, reporting 12,025 properties with foreclosure filings, accounting for 5 percent of the nation’s total foreclosure filings for the month. With unemployment well above the national average, and average home prices continuing to deflate statewide, any information that can help struggling homeowners deal with their situation and become more informed borrowers in the process can only help in these times of financial turmoil that are affecting so
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Digital Real Estate Data Means "OPEN HOUSE" 24/7
An avalanche of information now available on the World Wide Web is shifting the balance of power in the real estate industry and giving homebuyers and sellers more control over the deal than ever before — and changing the nature of real estate forever. The Internet — and a new wave of technologically savvy Web-based real estate firms like RealtyTrac — is leveling the playing field for consumers, giving them access to vital information once controlled exclusively by real estate brokerages and a small circle of real estate professionals. The Internet is rapidly and radically transforming the way people buy and sell homes.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Thanksgiving a Time to Reflect . . . on Foreclosures Too!
And the projections are that there will be much more foreclosure activity in 2007 and 2008, especially as the effects of an estimated $1 trillion in “exotic” adjustable-rate mortgages start being felt. RealtyTrac is a prime source of information that can provide you with leads and educate you on how to help these people in a way that is a win-win-win situation for the needy homeowner, for you and the lender who doesn’t want to take the property back in foreclosure. Traditionally, Thanksgiving is a time we take to reflect on our lives and what we can do to make the world a better place in which to live.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Tips for Buying Short Sales from the Lender
The first thing you need to get from the owner is what's called a “release” or “authorization to release information,” which is a letter signed by the seller that allows the mortgage lender to talk with you about the seller's mortgage. Laws prevent lenders from releasing mortgage information without the homeowners’ written consent. With more and more sellers unloading their homes for less than what they owe on their mortgages, now is a good time for investors to start negotiating “short sales” with lenders . Real estate investors can find good deals as long as
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Foreclosure "Megatrends"
Banks and Builders Buckle If 2007 was the year of the mortgage meltdown, where hundred of subprime lenders became extinct, then 2008 could shape up to be the year where banks and homebuilders buckle under the crushing strain of debt. This week alone, two trophy properties were swept away in the foreclosure tsunami. Look to ForeclosurePulse Foreclosures are rising. Home prices are falling.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Governor Suspends Controversial Law Affecting Investors
But House Bill 4050 (renamed Public Act 94-280) is now null and void, which should be a relief to real estate investors and prospective homebuyers looking for bargain property in south Chicago . A statement released by Dean Martinez, Secretary, Department of Financial and Professional Regulation, explained the decision to suspend the law by stating, “the Secretary received and reviewed information that suggests that the prior designation may be detrimental to the Pilot Program’s purpose, namely, to curb predatory lending practices in areas with high rates of foreclosure on residential
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Foreclosure Lessons From Long Beach - Part III
Lesson 3: Listen carefully and speak concisely when calling the trustee With the customer listening in, I called one of the trustees listed for a pre-foreclosure property. pressed "0" and we were put through quite quickly to aperson who was able to tell us the property had been reinstated by theowner. Sometimes the trustee may ask forthe trustee sale number or reference number, also listed on theproperty details Heres the third and final lesson gleaned from a conversation with acustomer in Long Beach, Calif., who needed help following up onproperties she found on RealtyTrac.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
|
|
|
