Scarcity of jobs puts more at risk of foreclosure (AP)
AP - One in 10 American households with a mortgage is at risk of losing its home, and the foreclosure crisis could worsen if jobs remain scarce.
AP - One in 10 American households with a mortgage is at risk of losing its home, and the foreclosure crisis could worsen if jobs remain scarce.
Friday, August 20, 2010
By now, you've heard about the rise among Foreclosures and REO's and chances are you've seen the actual proof with more and more homeowners losing their houses. REO stands for real estate owned and that's what the property becomes after the bank forecloses and no one bids at the foreclosure sale. After the bank gets the property back from a foreclosure, now the property is there's.
Monday, August 9, 2010
Many people think we have survived the worst of the economic recession, and we are operating in an increasingly stable real estate market that's on the mend. It seems more likely, however, that 2010 will actually be the peak of the foreclosure cycle, with up to four million newly-foreclosed homes.
Monday, August 9, 2010
Many people think we have survived the worst of the economic recession, and we are operating in an increasingly stable real estate market that's on the mend. It seems more likely, however, that 2010 will actually be the peak of the foreclosure cycle, with up to four million newly-foreclosed homes.
Sunday, August 8, 2010
Reuters - A smaller percentage of U.S. homeowners were saddled with "underwater mortgages" in the second quarter as more homes entered the foreclosure process even as price declines slowed, real estate website Zillow.com said on Monday.
Friday, August 6, 2010
New Federal Regulations in the foreclosure market will affect how REO properties get distributed in the market. As a real estate investor, you can take advantage of this change, but you must be paying attention. Read more to find out what your next move should be...
Monday, July 5, 2010
There has been a lot of talk from Washington and Wall Street about the continuing housing slump and foreclosure problems. The lament is about how to get the foreclosure rates down and housing moving again.
Thursday, July 1, 2010
AP - The House ethics committee has cleared Democratic Rep. Laura Richardson of California of wrongdoing in the foreclosure of her Sacramento property.
Thursday, July 1, 2010
AP - The House ethics committee has cleared Democratic Rep. Laura Richardson of California of wrongdoing in the foreclosure of her Sacramento property.
Thursday, July 1, 2010
U.S. News & World Report - Distressed properties made up 3 in 10 homes sales in the first three months of the year, as the foreclosure onslaught continues to sandbag a real estate recovery.
Thursday, August 26, 2010
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