Many Americans today cannot make their monthly mortgage payments. Additionally, for millions of Americans approximately 11 million as of 2011 owing more on their home than it is currently worth is a sad reality. This situation is especially bad considering median home prices are only expected to decrease over the next 6-12 months in most
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Getting the Right Mortgage Rate
Buying a new home is still very much part of the American Dream. We, as citizens of the United States, long to have our own home that we can customize without restriction. When you rent a property, you are often unable to paint the walls and do even minor renovations. In comparison, when you have your own home your creation is no longer
What’s in a Credit Check? Getting Approved for a Bank Sale
With the large number of bank sale properties on the market, many potential homebuyers are filling out home loan applications and seeking approval from their lender. We all know that getting approved for a home loan is a bit more difficult due to the strict lending standards imposed by banks after the real estate market crash. As a result, it’s crucial to understand what banks look at when approving a home
Tips for Finding the Best Land for Purchase
In today's real estate market, many have turned away from living in the city - especially with rental rates skyrocketing - and have instead decided to purchase land and build new homes. This decision works very well for some, but is a very important decision that requires a lot of thought, just like buying a
Five Steps to Purchasing a Pre-Foreclosure Home
Finding the right property to buy in today's real estate market seems harder than it really is to most. After all, plummeting prices and doom-and-gloom news have made it seem like housing is a bad investment - but it isn't. On the contrary, pre-foreclosure homes - homes that are facing foreclosure but haven't yet started the process - are terrific opportunities to obtain great homes at incredible
How do I Contact the Owner or Trustee of a Home and Make an Offer?
For homebuyers and investors who want to break into the foreclosure market and grab a great bargain for a particular home, timing is important. Some of the best deals can be had through pre-foreclosures, or homes that are in default but have not yet been repossessed and sold at auction. In other cases, the best deals can be found with homes that have been repossessed but have not yet been sold. In either case, a homebuyer can maximize value [...]
Home Prices Go Down, but New Home Sales Go Up
Making heads or tails out of this housing market is a tricky proposition at times. Data comes in on a weekly basis, and each set of numbers brings with it oodles of questions, concerns, estimates, and assumptions that are processed to create some semblance of reason and reality for the real estate
Mixed Bag of News for Home Construction, Says the Commerce Department
The housing market gained some good news and some bad news today with the release of the latest monthly new home construction report, released by the Commerce Department. According to the report, new home starts fell by 0.3% from September to October, coming in at 628,000 – or half of what most experts think is proper for a healthy
October Foreclosure Numbers Go Up Again
In what is no surprise to anyone who has followed the housing market for the past few years, the number of foreclosure filings increased nationwide in October, the third month in a row, by 7%. Even though the overall foreclosure rate is still down 31% year over year, the monthly increase is a troubling portent of the future for the housing market and foreclosures in
An Update on Foreclosures
Over the last years there have been a ton of distressed properties on the market, which are ideal for foreclosure investing. From residential foreclosures to commercial foreclosures, the opportunities to obtain an incredible property well below market value are still alive and well. However, everyone acknowledges that the key to real estate market recovery involves improving consumer/investor
Maybe There’s Something To This Obama Foreclosure Plan After All
A plan floated by the Obama administration a couple of months ago to sell off tons of government foreclosures to private investors is actually starting to take traction – contrary to the expectations of critics when the plan was



