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3 Articles match "California","Houses","Upside-Down"
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The Latest from RealtyTrac
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Secrets of Pre-Foreclosure Investing
The auction was scheduled a few weeks down the road. McManus said the borrower got out of a painful situation, the bank got rid of a non-performing asset, and McManus bought a discounted house for pennies on the dollar. “Sometimes, Other times, we do lease-option deals, where the seller sells the house to you (the investor) and you lease it back to the seller.” 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
High-End Foreclosures Rising Among Top Tier Homes
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. In a lot of the bubble markets — like Miami, Palm Beach, San Diego, Las Vegas, Orange County and the Inland Empire in California — we are going to see an increase in the number of high-end foreclosures in relatively
www.realtytrac.com
- Tuesday, February 3, 2009
Foreclosure Crisis Sparks Surge in Arson
People upside-down on their house with variable-interest-rate loans, or upside-down on their cars, are pretty quick to burn their property right now.” Foreclosure arson has doubled in California from 7 homes last year to 14 homes so far in 2008, according to insurance officials. Burning your home down will end in both a criminal conviction, plus the legal obligation to In desperate times people resort to desperate measures. Facing foreclosure, some homeowners are setting fire to their homes for the insurance money.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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MORE
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Foreclosure Crisis Sparks Surge in Arson
People upside-down on their house with variable-interest-rate loans, or upside-down on their cars, are pretty quick to burn their property right now.” Foreclosure arson has doubled in California from 7 homes last year to 14 homes so far in 2008, according to insurance officials. Burning your home down will end in both a criminal conviction, plus the legal obligation to In desperate times people resort to desperate measures. Facing foreclosure, some homeowners are setting fire to their homes for the insurance money.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Secrets of Pre-Foreclosure Investing
The auction was scheduled a few weeks down the road. McManus said the borrower got out of a painful situation, the bank got rid of a non-performing asset, and McManus bought a discounted house for pennies on the dollar. “Sometimes, Other times, we do lease-option deals, where the seller sells the house to you (the investor) and you lease it back to the seller.” 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
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. In a lot of the bubble markets — like Miami, Palm Beach, San Diego, Las Vegas, Orange County and the Inland Empire in California — we are going to see an increase in the number of high-end foreclosures in relatively
www.realtytrac.com
- Tuesday, February 3, 2009
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