9 Articles match "Company","Contract"

• The Best from RealtyTrac

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• Local Market Perspective: Seattle, Wash.
  
  Over the past three months, my clients and I have presented nine contracts to pre-foreclosure, REO and short sale sellers. Out of those nine contracts, nine have been beat by better offers. can simply say writing a contract for bottom dollars in the hope of catching a whale is only going to bring up a boot. In the Northern Seattle area there currently very few REO properties, and in terms of real short sales, I have seen under 10 that are decent over the past month. I
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• FDIC Selling Off Detroit Inventory
  
  In all, the agency has contracted with the J.P. King Auction Company of Gadsden, Ala., The Federal Deposit Insurance Corp. is having no trouble keeping busy these days. In fact the agency’s head just announced this week that it has adjusted its estimate of how many of the nation’s banks are seriously in trouble of going out of business this year upward from 90 in Q1 2008 to 117 now.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Fed's Latest Moves No Real Surprise
  
  Later in the day the Fed made what had to be a highly anticipated move by the nation’s financial gurus, deciding to bailout AIG at the 11th hour before the world’s largest insurance company went bankrupt. Tight credit conditions, the ongoing housing contraction, and some slowing in export growth are likely to weigh on economic growth over the next few quarters.” Financial analysts who were hoping for some downward movement on interest rates yesterday by the Federal Reserve were disappointed as Ben Bernanke and his merry band unanimously voted to do nothing. Following
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Legislating Lower Foreclosure Rates?
  
  The ways it does that is it: Limits the amount so-called mortgage rescuers can make to 125 percent of the total debt on the home if the homeowner buys back the home from the rescuer. Requires that all mortgage rescue companies provide disclosures and give homeowners the right to cancel contracts, and increases penalties for violations. Requires that the mortgage rescuer provide the homeowner with at least 82 percent of the value of the home if the homeowner is not able to buy back the home. An Illinois law intended to help reduce foreclosures is drawing cries of discrimination from some of the people it is trying to protect, according to the Chicago Defender newspaper. “Nearly 60 days after Illinois House Bill 4050 went into effect to supposedly protect consumers from predatory lenders, a coalition of Black and Latino city residents say the new law is actually destroying property values in select minority communities.” The law is a pilot program that is being applied in 10 Chicago zip codes chosen for their high foreclosure rates, among other factors.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• The 7 Lost Secrets of Foreclosure Investing
  
  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. Read your contracts; then re-read them again. Rapid and sweeping changes in the real estate market are altering the way investors and agents buy and sell properties — especially foreclosures. Increasingly, real estate
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Fed Leaps Into the Fray...Finally
  
  percent • Approved an increase in the maximum maturity of primary credit loans from 30 days to 90 days • Created a lending facility to provide financing to participants in securitized markets (such as the mortgage-backed securities market) • Approved the bailout financing of Bear Stearns Companies Inc. Financial markets remain under considerable stress, and the tightening of credit conditions and the deepening of the housing contraction are likely to weigh on economic growth over the next few quarters.” For the longest time now Ben and his band of governors were mostly on defense.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• How to Buy HUD Home Foreclosures - RealtyTrac
  
  HUD home foreclosures on the Internet are maintained by various management companies all under contract with HUD. 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...
  www.realtytrac.com - Tuesday, February 3, 2009
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• Secrets of Pre-Foreclosure Investing
  
  real estate training company. “The When he’s out door-knocking, Siems carries a suitcase filled with a laptop computer, lists of deep-equity pre-foreclosure prospects, maps, a portable printer – along with all the real estate contracts, disclosures and forms needed to close the deal at the owner’s kitchen table. If the contract and the sale are not done according to the law, the seller has the right to rescind the sale and could, long after the sale, sue to have the sale reversed. 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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• The Government Goes After Loan Officers
  
  The SEC complaint reflects the McLean decision because it argues that mortgages are routinely bought from local originators, packaged on Wall Street and involve some use of the mail system. The Other Shoe You can bet that myriad banks and mortgage companies are asking attorneys to carefully review the SEC complaint. Insurance contracts related to mortgage-backed securities would have faced few claims, meaning that minimal reserves would have been sufficient to protect policyholders. The Government Goes After Loan Officers By Peter G. Miller 
  www.realtytrac.com - Tuesday, February 3, 2009
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