3 Articles match "California","Escrow","Sales"

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Secrets of Pre-Foreclosure Investing
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. It’s going to make short sales more appealing to investors.” Another claims that developing a series of “systems” in your business is the key to success. A third warns that accurate data and timely information is essential to survive.
www.realtytrac.com - Tuesday, February 3, 2009
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As Home Prices Plummet, When Will You Buy?
And you see states passing laws, like Californias SB 1137, aimed at giving homeowners a better chance of getting a loan workout rather than a foreclosure. Depending on how far the lenders and government are willing to bend backwards for bad loans and irresponsible homebuyers, we could see a mitigating effect from all these efforts.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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FHA Program Linked to High Colorado Foreclosure Rate
The purchase price of the home was raised to cover the “gift” shelled out by the seller, and appraisals were fudged to allow the buyer to take out a loan that covered the inflated sales price along with most of the closing costs. It’s not uncommon here in California for buyers to submit an offer above the asking price, with the contingency that the sellers will cover an inflated amount in closing costs for the buyer. An illuminating article in the Denver Post connects the dots between Colorado’s high foreclosure rate and an FHA program gone awry: “Created to extend the dream of homeownership to first-time buyers, the so-called FHA gift program instead has led to rampant foreclosures.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • FHA Program Linked to High Colorado Foreclosure Rate
    The purchase price of the home was raised to cover the “gift” shelled out by the seller, and appraisals were fudged to allow the buyer to take out a loan that covered the inflated sales price along with most of the closing costs. It’s not uncommon here in California for buyers to submit an offer above the asking price, with the contingency that the sellers will cover an inflated amount in closing costs for the buyer. An illuminating article in the Denver Post connects the dots between Colorado’s high foreclosure rate and an FHA program gone awry: “Created to extend the dream of homeownership to first-time buyers, the so-called FHA gift program instead has led to rampant foreclosures.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Secrets of Pre-Foreclosure Investing
    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. It’s going to make short sales more appealing to investors.” Another claims that developing a series of “systems” in your business is the key to success. A third warns that accurate data and timely information is essential to survive.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • As Home Prices Plummet, When Will You Buy?
    And you see states passing laws, like Californias SB 1137, aimed at giving homeowners a better chance of getting a loan workout rather than a foreclosure. Depending on how far the lenders and government are willing to bend backwards for bad loans and irresponsible homebuyers, we could see a mitigating effect from all these efforts.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE