18 Articles match "Foreclose","Properties","Short 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. Lucier, a Tampa Bay real estate investor and author of The Pre-Foreclosure Property Investor’s Kit . “That’s 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
www.realtytrac.com - Tuesday, February 3, 2009
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Wachovia Changes The Lending Game
In effect, waiving prepayment penalties that may not be collected is far better than losing homes to foreclosures and short sales. Negative Amortization Wachovia is also trying to make the best of a bad situation in another way: If it can get option ARMs refinanced it may be able to capture some of the “negative amortization” owed by borrowers. Part of the unsold inventory includes large numbers of homes which have been foreclosed and are now owned by lenders. Wachovia Changes The Lending Game By Peter G. Miller    
www.realtytrac.com - Tuesday, February 3, 2009
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High-End Foreclosures Rising Among Top Tier Homes
But increasingly there are signs that the foreclosure problem is spilling over into wealthier areas, where prime borrowers — and even high-end real estate developers — are rapidly falling behind on their construction loans, mortgage payments, property taxes, auto loans and credit cards at an alarmingly fast pace, according to industry analysts, economists and real estate brokers . Already, there’s a glut of McMansions in the $500,000 to $1 million range that have been foreclosed by lenders — and many more are falling into foreclosure, according to an analysis of RealtyTrac foreclosure
www.realtytrac.com - Tuesday, February 3, 2009
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