9 Articles match "Appraisal","Help","Sales"

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• Glossary of Foreclosure and Real Estate Terminology - Realtytrac
  
  Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
  www.realtytrac.com - Tuesday, February 3, 2009
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• Digital Real Estate Data Means "OPEN HOUSE" 24/7
  
  Today, in the new digital democracy, more than 80 percent of house-hunters use the Internet to help them find a home, according to the National Association of Realtors . They can easily access foreclosure properties , for sale by owner (FSBO) properties and other homes from the comfort of their homes. They can get appraisals or arrange financing online. The Internet is rapidly and radically transforming the way people buy and sell homes. An avalanche of information now available on the World Wide Web is shifting the balance of power in the real estate industry and giving
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• How to Buy HUD Home Foreclosures - RealtyTrac
  
  More than 1 million total properties including For Sale by Owner, HUD Home Foreclosures, Resale, and Home Auctions! Almost anyone can qualify... lender can officially pre-qualify you for a loan and let you know how much home you can purchase based on a set formula that takes into consideration your monthly gross income, long-term debt and other monthly expenses. 2) Help is available to locate a HUD home At the end of the day a potential purchaser
  www.realtytrac.com - Tuesday, February 3, 2009
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• FBI: Mortgage Fraud Begets Foreclosure
  
  An illegal property flipping scheme involves fraudulent appraisals and loan documents for a straw buyer who never intends to pay off the loan. If not caught, the flipper pockets the profit produced by the artificially inflated sales price (see diagram below from FBI report). The report goes on to pinpoint “foreclosure-rescue” scams as an emerging form of fraud that takes advantage of the growing number of homeowners in default. “The perpetrators convince homeowners that they can save their homes from foreclosure through deed transfers and the payment of up-front fees.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• The 7 Lost Secrets of Foreclosure Investing
  
  SECRET #3: Assemble a Seaworthy Sales Team — Begin your foreclosure adventure by creating a team of real estate professionals that can help you locate, analyze and purchase properties quickly. Your team should include people you trust, including bankers, lawyers, real estate agents, appraisers, title companies, contractors and master craftsmen (painters, carpenters, roofers, electricians and plumbers). SECRET #4: Research Your Area — Once you have assembled the crew that will join you on your real estate journey, begin researching your target market. Rapid and sweeping changes in the real estate market are altering the way investors and agents buy and sell properties — especially foreclosures.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Stop Home Foreclosure
  
  Your lender may agree to accept the sale as total satisfaction of your mortgage obligation even if the proceeds of the sale are less than the amount that you actually owe. This is called a short sale. The "as is” appraised value and the sale price should be least 70 percent to 80 percent of the unpaid principal balance of the home. How to Sell Your House Quickly When Facing Foreclosure By LaTonya S. Johnson    If you are currently in foreclosure, strongly consider selling your property as a backup plan.
  www.realtytrac.com - Tuesday, February 3, 2009
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• As Foreclosures Mount, Candidates React to the Credit Crisis
  
  Here’s what the major presidential candidates have to say about the growing foreclosure epidemic: Democrats The three main Democratic presidential candidates — Clinton, Obama and Edwards —have made various proposals for modest reform, including setting up a federal fund to help homeowners fend off foreclosure and providing borrowers with counseling, along with laws to ban predatory lending policies. Hillary Rodham Clinton wants to put an end to prepayment penalties for home mortgages and to set up a $2 billion federal fund to help homeowners avoid foreclosure. With mortgage foreclosures at historic highs, Democrats and Republicans are fighting over a political issue that could have major implications in the 2008 presidential campaign.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Don't Dump Investors
  
  These efforts are to help American families who both want to and can, through a loan modification or re-financing, stay in their homes.” Because when buyers look at recent home sales they do not distinguish between homes sold by owners and homes sold by investors, they merely look at sale prices. They would not make such loans if they produced ongoing losses, and they surely would not originate such mortgages without proper underwriting Don’t Dump Investors By Peter G. Miller    When it comes to bailing out giant banks, huge
  www.realtytrac.com - Tuesday, February 3, 2009
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• Another Approach to $700 Billion Bailout
  
  If a typical home has an average sale price of about $220,000 (many homes now facing foreclosure were financed several years ago with two loans, thus first loans are often significantly less than current market values), and if the average mortgage is $176,000 (80 percent of market values) then the total value of such mortgages would be $440 billion. Lenders accepting this money now would have to modify each current mortgage to a fixed rate established by Uncle Sam as well as a renewed 30-year term. "Borrowers in this scenario would be required to share future appreciation 50/50 with
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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