Archive for the 'Foreclosures' Category

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

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

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

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

We are not legal experts by any means, but it’s not too difficult to see that buying foreclosures that weren’t properly foreclosed on in the first place probably shouldn’t be

Those who have been tracking the real estate market, here’s another nugget of news that was not unexpected at all: Foreclosure notices across the nation surged by 14% from the second quarter to the third quarter of

It seems like the foreclosure settlement negotiations going on in Washington just can’t catch a

Within the next few months, an iconic high-rise apartment building in downtown Detroit – Riverfront Towers – could be sold at auction like thousands of other foreclosures in the metro area and elsewhere in the country, all as a result of the foreclosure crisis that is nearing its fifth

The cameras haven’t started filming yet, and ink on the contracts is barely dry, but a new reality show based out of Phoenix, Arizona that covers foreclosure auctions promises to bring the foreclosure crisis front and center – into your living