19 Articles match "Auctions","Buying","May"

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Secrets of Pre-Foreclosure Investing
The auction was scheduled a few weeks down the road. Buying pre-foreclosures has two main advantages over buying at the auction or purchasing bank-owned properties, according to Siems. First, a homeowner facing foreclosure may be motivated and willing to do almost anything to avoid losing property to the bank. Secrets of Pre-Foreclosure Investing By Octavio Nuiry, RealtyTrac Staff Writer    One pre-foreclosure expert says a new federal law will change everything, and short sales and short payoff sales will become the new trend in the marketplace.
www.realtytrac.com - Tuesday, February 3, 2009
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High-End Foreclosures Rising Among Top Tier Homes
Brady said the owners of high-end Hampton foreclosures tend to be “people who kept pulling money out of their houses for their business, using equity in their second homes to pay business debt, credit cards, buy cars, go on trips.” Maricopa’s Millionaire Mortgage Meltdown If Beverly Hills and Santa Barbara are too pricey, deals may be had in several other playgrounds of the rich and famous. High-End Foreclosures Rising Among Top Tier Homes By Octavio Nuiry, RealtyTrac Staff Writer    Until now, the foreclosure crisis was confined to a narrow niche of middle-class urban communities and outer-rim new housing developments where first-time homeowners and real estate speculators benefited briefly from favorable financing.
www.realtytrac.com - Tuesday, February 3, 2009
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8 Ways to Dodge Delinquency and Stopping Foreclosure - RealtyTrac
Borrowers may have the option of renegotiating their loan with the lender. Depending on your lender, you may be able to restructure your loan. For example, delinquent mortgage payments may be added to the backend of the borrower’s scheduled payments or the borrower could be given more time to bring the late payment current. You may Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
www.realtytrac.com - Tuesday, February 3, 2009
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  • Buying Bank-Owned REOs at the Auction - RealtyTrac
    Buying Bank-Owned REOs at the Auction Search Properties | Free 7-Day Trial Thanks to a sharp rise in foreclosure filings nationwide, homebuyers and real estate investors are increasingly likely to encounter bank-owned properties that are for sale at real estate auctions. The increased presence of lender-owned homes in the market — known in the banking industry as REOs, for "real estate owned" — is fallout from the recent real estate boom that marked the first half of this decade.
    www.realtytrac.com - Tuesday, February 3, 2009
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  • How to Buy HUD Home Foreclosures - RealtyTrac
    How Can I Buy HUD Home Foreclosures? Search Properties | Free 7-Day Trial Search nearly 650,000 Foreclosure and Government properties. More than 1 million total properties including For Sale by Owner, HUD Home Foreclosures, Resale, and Home Auctions! Almost anyone can qualify... Almost anyone can qualify to buy a home owned by the U.S. Department of Housing and Urban Development (a HUD home) so long as they either
    www.realtytrac.com - Tuesday, February 3, 2009
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  • Checklist for Buying a Bank-Owned REO Property - RealtyTrac
    CHECKLIST: For Buying a Bank-Owned REO Property Search Properties | Free 7-Day Trial Are you a real estate investor or homebuyer looking to purchase a bank-owned property? With the number of bank-owned foreclosures rising nationwide, there has never been a better time to purchase real estate owned by banks. REO Buying Checklist: Inspect the Property, Do a Title Search, Negotiate Payments and Rates, Evaluate the Offer, and Financing
    www.realtytrac.com - Tuesday, February 3, 2009
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  • Bank-Owned Properties and REO Frequently Asked Questions - RealtyTrac
    If a lender or bank is the highest bidder a foreclosure auction — or if no third party bids at the auction — the property reverts back to the lender and becomes an REO. The job of the loss mitigation department is to mitigate the loss or minimize the damage caused by loans that have defaulted, which lenders call non-performing loans. How can I buy a bank-owned REO? Anyone can buy a bank-owned Bank-Owned Properties and REO (FAQ) Search Properties | Free 7-Day Trial What is an REO? REO is an acronym for real estate owned and is industry jargon
    www.realtytrac.com - Tuesday, February 3, 2009
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  • As Home Prices Plummet, When Will You Buy?
    Does this make it a good time to buy real estate? We'd like to hear from you when and if you plan to step in and start buying. 262 Home prices in 20 of the nation's major metro areas in July were collectively down 16.3
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • FDIC Selling Off Detroit Inventory
    King Auction Company of Gadsden, Ala., to auction off 83 properties ranging in values from as low as $2,500 up to a home in the Grosse Pointe area that was recently listed for $1.3 For real estate investors looking for a long-term buy and hold investment strategy, this auction may be a good potential source of bargain properties to consider. The Federal Deposit Insurance Corp. is having no trouble keeping busy these days.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Foreclosure Financing and Foreclosure Refinancing - RealtyTrac
    Foreclosure Financing: How to Buy Foreclosure Real Estate Search Properties | Free 7-Day Trial Search nearly 650,000 Foreclosure and Bank-Owned properties. More than 1 million total properties including REO, For Sale by Owner, and Home Auctions! Finding financing for the foreclosure deal... is one of the most difficult aspects of purchasing a distressed property. Find below-market priced properties For many homebuyers
    www.realtytrac.com - Tuesday, February 3, 2009
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  • Foreclosure Activity Deflating or Just Deferred?
    The 3 percent decrease may lead some to speculate that the upward trend in foreclosure activity may be nearing an end, but as RealtyTrac CEO James J. What may be a better argument -- although certainly not an ironclad case -- that the foreclosure surge is starting to run out of steam is the trend over the past 18 months in YOY percentage changes, broken down by type of foreclosure filing. As can be seen in the chart U.S. foreclosure activity in June decreased 3 percent from the previous month but was still up 53 percent from June 2007, according to the RealtyTrac U.S.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Local Market Perspective: Cape Coral, Fla.
    Your comments, questions and feedback are welcome. Gloria Tate Raso Realty, Inc. I work with buyers in my area; new jargon and issues are making buying a home more difficult than ever before. In our city, the bank has taken the property back but they may not have paid all the liens from our code enforcement and generally speaking that does not come up until the final title search is done, so a delay is normal. Editor's Note: This is the first in a series of guest blog posts from members of the RealtyTrac Agent Network . The agents will be sharing their insights about
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Foreclosure Search: Lessons from Long Beach
    Not all areas have a lot of recent foreclosureactivity, and that may mean youll have to be more patient in yoursearch (make sure to set up daily e-mail alerts) or broaden your search so that you have more properties to choose from. 30, 2005. Because of the sparse search results, I advised thecustomer that buying a bank-owned property in the zip code she was searching wouldrequire anextra measure of patience and persistence. 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
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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