Archive for the 'Foreclosures' Category

The latest foreclosure figures indicate that, as expected, foreclosure rates have fallen in 2012 – but the new wave of foreclosures could be headed our way.

Have you been considering purchasing a foreclosure property for everything from your primary place of residence to flipping houses? If so, there are some essential things you need to know about purchasing distressed properties to help you get the most out of your investment.

Since the real estate market crash, foreclosure propertieshave made up a significant percentage of overall home sales each year, especially when compared to the number of foreclosure homes sold each year before 2006.

The current real estate market may have potential homeowners weary and unwilling to purchase a new home; however, one thing is certain—there are incredible investment opportunities for anyone interested in the foreclosure market. If you are an investor with an interest in foreclosures then Fannie Mae may have an opportunity of a lifetime for you.

There's good news and bad news for the nation's mortgage delinquency rate.

Without a doubt, 2010 was the roughest year for foreclosures in America on record. That year, banks took back roughly 1.05 million home foreclosures, with 2.9 million foreclosure filings occurring. In 2011, those numbers subsided a bit, but only because the foreclosure fraud scandals of 2010 put a virtual halt to the foreclosure process across the country. As a result, only 804,000 homes were repossessed, against nearly 3 million filings.

The Federal Reserve Board, in conjunction with the Office of the Comptroller of the Currency, has formally extended the deadline for foreclosure review by 90 days. The previous deadline was April 30th of this year; the new deadline is now July

Those in the banking industry and in the federal government – as well as a good chunk of state attorneys general who participated in the negotiations and therefore have a lot invested professionally in the success of the deal – would say that the consumer won. After all, the banks have to pay at least $26 billion, including checks written directly to thousands of Americans and principal reductions for many homeowners who are [...]

The recent changes to the much-criticized Home Affordable Modification Program (HAMP) proposed by the Obama administration may have a limited impact on home foreclosures and homeowners seeking to stop foreclosure, according to some experts in the field.

Today, a consortium of the nation's largest lenders, besieged by criticism of deceptive foreclosure practices like rubberstamping and "robo-signing" foreclosures, announced it had agreed to the terms proposed in a settlement.

There are numerous reasons to avoid foreclosure prevention companies with scams and fees coming in at the top of the

Those watching the domestic real estate markets for signs of any relief in the foreclosure market may have the beginnings of good news from the West Coast.

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 [...]

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

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