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15 Articles match "Houses","May","Title"
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The Latest from RealtyTrac
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Secrets of Pre-Foreclosure Investing
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.” First, a homeowner facing foreclosure may be motivated and willing to do almost anything 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
8 Ways to Dodge Delinquency and Stopping Foreclosure - RealtyTrac
Borrowers may have the option of renegotiating their loan with the lender. Depending on your lender, you may be able to restructure your loan. For example, delinquent mortgage payments may be added to the backend of the borrower’s scheduled payments or the borrower could be given more time to bring the late payment current. You may Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
www.realtytrac.com
- Tuesday, February 3, 2009
Glossary of Foreclosure and Real Estate Terminology - Realtytrac
Bankruptcy does not discharge obligations secured by an assessment lien. Declaration of Default A document directing a Trustee to sell the trust property to satisfy a specified and unpaid obligation. Deed of Trust A legal document in which the borrower conveys the title to a 3rd party (trustee) to hold as security for the lender. With respect to a mortgage, it is the right of the lender to take the title to your property if you do not make the payments due on the mortgage. Lis Pendens The lis pendens is a notice that a lawsuit is pending, the outcome of which affects title.
www.realtytrac.com
- Tuesday, February 3, 2009
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Obtaining a Foreclosure List
Information like list price, number of bedrooms and bathrooms, property size, photos, and sometimes even high-tech mapping are included. Why Free Foreclosure Lists May Be Risky Finding a foreclosure list that homebuyers and real estate investors can depend on can be really challenging. Also very important is to check the property’s title for secondary liens and other encumbrances to save you from future headaches. Obtaining a Foreclosure List Search Properties | Free 7-Day Trial Obtaining an up-to-date foreclosure list thats reliable can now be done fast and easy with internet access.
www.realtytrac.com
- Tuesday, February 3, 2009
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Checklist for Buying a Bank-Owned REO Property - RealtyTrac
With the number of bank-owned foreclosures rising nationwide, there has never been a better time to purchase real estate owned by banks. REO Buying Checklist: Inspect the Property, Do a Title Search, Negotiate Payments and Rates, Evaluate the Offer, and Financing and Credit. Many owners of homes that go into foreclosure have been struggling financially, which usually means that the house has not received needed repairs or general maintenance for a
www.realtytrac.com
- Tuesday, February 3, 2009
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Local Market Perspective: Cape Coral, Fla.
The agents will be sharing their insights about what is happening on the ground in their local housing market, particularly as it relates to foreclosures. In our city, the bank has taken the property back but they may not have paid all the liens from our code enforcement and generally speaking that does not come up until the final title search is done, so a delay is normal. This presents a whole new challenge, they Editor's Note: This is the first in a series of guest blog posts from members of the RealtyTrac Agent Network . Your comments, questions and feedback are
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Florida Homeowners Overconfident Despite Foreclosures?
Results of a new study released last week by Attorneys Title Insurance Fund (The Fund) suggests that Florida homeowners are feeling pretty good nowadays about the value of their homes and the potential for those values to rise further in the future. Between those two extremes, other concerns included: a burst of the housing bubble, rising mortgage rates and depreciating home values. Their biggest concern: being hit by a hurricane. Their least concern: falling victim to mortgage fraud -- even though the survey says that Florida is the top state in the nation for such fraud (something
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Glossary of Foreclosure and Real Estate Terminology - Realtytrac
Bankruptcy does not discharge obligations secured by an assessment lien. Declaration of Default A document directing a Trustee to sell the trust property to satisfy a specified and unpaid obligation. Deed of Trust A legal document in which the borrower conveys the title to a 3rd party (trustee) to hold as security for the lender. With respect to a mortgage, it is the right of the lender to take the title to your property if you do not make the payments due on the mortgage. Lis Pendens The lis pendens is a notice that a lawsuit is pending, the outcome of which affects title.
www.realtytrac.com
- Tuesday, February 3, 2009
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Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
The homeowner said he was trickedinto signing over the title of his home by a scam artist who didnothing to stop the foreclosure and then took out another loan againstthe property with no intention of paying it off. At the same time, thesteep rise in housing prices over the last few years has created amassive amount of equity in many properties — a tempting target forswindlers. An article in the Los Angeles Times onTuesday documented the sad story of a defaulted homeowner who was thevictim of alleged foreclosure fraud. The article goes on tomake the case that foreclosure fraud
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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8 Ways to Dodge Delinquency and Stopping Foreclosure - RealtyTrac
Borrowers may have the option of renegotiating their loan with the lender. Depending on your lender, you may be able to restructure your loan. For example, delinquent mortgage payments may be added to the backend of the borrower’s scheduled payments or the borrower could be given more time to bring the late payment current. You may Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
www.realtytrac.com
- Tuesday, February 3, 2009
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Bernanke: Free Market Can Curb Foreclosures
For some, the self-correcting pullback may seem too late and too severe. His conclusion echoes the conclusion this blog came to back in January in a post titled Defaults Drive Subprime Lending Restraint . Bernanke conceded that implementing rules, which the Home Ownership Equity Protection Act (HOEPA) gives the Federal Reserve the authority to do, may be necessary in some cases as long as the rules are "drawn sharply, with bright lines and address practices that are never, or almost never, legitimate." In remarks he made yesterday in Chicago, Federal Reserve Board Chairman Ben S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Will Main Street Sink Wall Street?
Furthermore, to contain the damage, Bear Stearns brought in Jeffrey Lane on June 29, from rival Lehman Brothers and named him chief executive officer to replace Richard Marin, who gets the courtesy title of senior adviser to the asset-management division. While it is unlikely to bring down the savvy Wall Street firm, the firm may become a potential target for government regulators, class-action lawsuits and expose the investment bank to a hostile takeover. Mounting mortgage defaults by American homeowners with shaky credit have claimed their first Wall Street casualty, as investment banking giant Bear Stearns shuffled the leadership of its asset-management division and lost billions in the risky hedge fund market last month.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Bush Foreclosure Solution Just Adds Water
Bush came out with a public policy statement negating any possibility of either a homeowner, or a lender bailout, given the impact the current mortgage crisis is having on the nation’s housing economy. So it comes as a surprise of sorts that the White House issued a statement earlier this week supporting the recent passage of HR 3648 by the House of Representatives, while at the same time asking that a key provision of the bill be watered down to the point of making its implementation temporary at best. Titled the “Mortgage Forgiveness Debt Relief Act of 2007,”
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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