8 Articles match "Auctions","Homes","Lien"

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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. For banks, however, bank-owned homes are a liability. Did you know? One of the primary 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 for foreclosure
  www.realtytrac.com - Tuesday, February 3, 2009
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• Buying Foreclosures at the Auction: Make a Killing or Get Killed
  
  “Buying foreclosed real estate at an auction is like having a license to steal,” says Larry Blachman , a Realtor who specializes in foreclosures and author of Buying Foreclosures at a Trustee’s Sale. But buying foreclosed homes at an auction is also probably the most dangerous way to purchase real estate — unless you know how the process works. “If If you know the But successfully buying foreclosed properties off the auction block isnt that easy. It requires knowledge, planning, preparation, patience and perseverance. Before taking the plunge, however, spend
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Checklist for Buying a Bank-Owned REO Property - RealtyTrac
  
  Investors and homebuyers can purchase a foreclosure property in the first phase of default — before a foreclosure auction takes place. Secondly, investors can purchase a property in at the public foreclosure auction. Buying a bank-owned home in foreclosure isnt easy, and its hardly without risk. 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
  www.realtytrac.com - Tuesday, February 3, 2009
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• Glossary of Foreclosure and Real Estate Terminology - Realtytrac
  
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  www.realtytrac.com - Tuesday, February 3, 2009
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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. The opportunity to own a home at affordable prices has never been greater, but getting to the closing table is so much more difficult. The homes sit for a very long time and the 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 what is happening on the ground in
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• When Foreclosure Is Not Politically Correct
  
  Laura Richardson has lost, via foreclosure, the 1,600 square-foot, two-story Sacramento home with three bedrooms and 1.5 Located in the upscale Curtis Park neighborhood of Sacramento, the property has gone through the foreclosure auction process and reportedly been purchased by Red Rock Mortgage for $388,000, a far cry from the $535,000 Richardson paid for it back in January 2007. At the time of sale Richardson allegedly owed her lender, Washington Mutual, Typically when you read about a politician and foreclosure, it’s in relation to some piece of legislation created to combat the recent surge in foreclosures.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Secrets of Pre-Foreclosure Investing
  
  Most people in foreclosure today have zero equity in their homes,” said Thomas J. 20 and will provide a temporary, three-year change to the tax code to eliminate any taxes homeowners might face when banks renegotiate the terms of a home loan and forgive a portion of the outstanding mortgage debt. The auction was scheduled a few weeks down the road. 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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• Bank-Repossession Beat Continues in March
  
  And for the second month in a row, the number of bank repossessions, or REOs, was up more than 100 percent year over year. The implication: while significantly more homeowners are falling into foreclosure, there is an even bigger increase in the number of homeowners already in the process who are losing their homes to foreclosure — whether through the typical foreclosure sale mechanism or whether by pre-empting the public foreclosure sale through what is called a deed in lieu of foreclosure. The lender also has to agree to the DIL arrangement, which may involve clearing out other
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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