Bank of America

Bank of America Tears Down and Gives Away Homes: Great Opportunities for Incredible Deals

Recently Bank of America has realized that it has entirely too many foreclosed properties that are now on the company’s inventory. As these homes sit vacant, with some properties on the market and others still finishing the foreclosure process, the bank is looking for other means of dealing with these
Real Estate Investing

Housing Prices Continue to Fall: What Should You Do?

The real estate market has been more or less in a continual downward pattern over the past five years, ever since the real estate bubble burst spectacularly in 2007. For homeowners and lenders, the results have
Foreclosures

Government Foreclosures into Rentals? It’s More Likely than You Think — And You Could Do the Same

Foreclosures are everywhere. Approximately 40% of existing home sales are distressed properties, with roughly 28% coming as foreclosures. As of December of last year, 2.2 million homes were in foreclosure. More are coming, too; an estimated one million foreclosures are set to enter the market over the

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Real Estate Investing

Real Estate Market Dead? Not So Fast, Says Mega-Investor Blackstone Group

July 21st, 2011 by Simon Lindsay

The real estate market may be reeling in America – at least, from the prospective of some – but the Blackstone Group, the largest private-equity company in the world, says

Foreclosures

New Home Sales Are Up — But Existing Home Sales Fall

July 20th, 2011 by Simon Lindsay

The real estate market can’t seem to make up its mind these

Foreclosure Crisis

Some Good News Today for the Housing Market — New Home Starts Up

July 19th, 2011 by Simon Lindsay

Today, a key report released by the U.S. Department of Commerce indicated that housing starts were up across the country – a nice change from a year that has witnessed a continual slide in new and existing home sales due to the weak housing

Foreclosures

Lenders Leaving Homes to Rot — And How You Can Benefit

July 18th, 2011 by Simon Lindsay

With the sheer number of foreclosures and REOs on the market today – 1.6 million foreclosures and an estimated 458,000 or more REOs – banks have their hands full. Your average bank in a given area probably owns more distressed properties than they can handle, and the longer they stay on the books, the more costly they become to the lending

Foreclosure Crisis

Is a Foreclosure Bubble Growing? Taking a Look at the Facts

July 15th, 2011 by Simon Lindsay

We’ve discussed previously the fact that a lot of potential foreclosures – over one million – were due to be filed in 2011 but weren’t because of delays in foreclosure processes. There is also a lot of talk in the industry about how these foreclosures will impact the market once they are filed and placed on the

Foreclosures

Exploring Real Estate and the Internet: How the Industry is Changing

July 14th, 2011 by Simon Lindsay

Before the advent of the Internet (which seems like it’s been around forever), real estate transactions were carried out the old-fashioned way. If you wanted to find a prime property for real estate investment, or wanted a new home, you either called up a real estate broker in the Yellow Pages (remember those?) or went driving through neighborhoods in search of homes with signs out

Foreclosure Crisis

A Look at How Foreclosures Continue to Impact the Economy

July 12th, 2011 by Simon Lindsay

The foreclosure crisis continues, and the foreclosure market is still as strong as ever – with plenty of buying opportunities out there for the picking for investors and homebuyers who want to take advantage of this once-in-a-lifetime

Real Estate Investing

The New Decade of Real Estate May Have Already Begun

July 11th, 2011 by Simon Lindsay

Real estate markets move in cycles, as anyone in the industry knows. One decade they’re up; the next, they’re down. Of course, over the past 20 years we’ve become accustomed to prolonged boom cycles that have defied historical predictions and created one of the biggest real estate bubbles in our history. Plus, currently we’ve been through five straight years of declining prices, rising foreclosures, tighter lending [...]

Real Estate Investing

Looking to Invest? Now is the Time!

July 8th, 2011 by Simon Lindsay

The first half of 2011 has come and gone, and for the real estate market, the results are less than desired. Home prices have fallen this year by 3.2% across the nation over the past six months, and while home prices picked up by 0.9% over the last quarter, they are set to fall once more throughout 2011. However, there are some cities that mark for incredible investment opportunities as they are actually expected to see an increase in home [...]

Mortgage

Mortgage Lenders to Tighten Lending – But Should They?

July 6th, 2011 by Simon Lindsay

The housing crisis and the fallen state of the real estate market has put a crimp on the economy and is weighing it down like an anchor. Depressed home values are depriving people of equity, forcing many underwater, and robbing cities and towns of desperately-needed property tax funds – which all goes into the vicious cycle of an up-and-down

Mortgage

Mortgage Defaults Up, Mortgage Modifications Down

July 5th, 2011 by Simon Lindsay

Mortgage defaults are up in some parts of the country, while as a whole, the number of mortgage modifications are down, according to a variety of