Authorization letter, contingency, equity, hardship letter, lien, loan modification, under water….We could go on for days listing the terms associated with short sales. A short sale is defined a sale of securities or commodity futures not owned by the seller … Continue reading
Investing in foreclosed properties can be a profitable venture in any city. But, there are definitely a few specific cities where the foreclosure market is a cut above the rest. RealtyTrac Vice President Daren Blomquist says, “These are markets where … Continue reading
The real estate market certainly wasn’t recession proof as it was hit hard early and then repeatedly kicked while it was down. Just ask Scott Lawlor who became a tarnished emblem for the aggressive investors who poured other people’s money … Continue reading
Since peaking in mid-March, 30-year mortgage rates have fallen for five out of six weeks to reach 3.4% by the end of April. That’s pretty low by historical standards, but still higher than the all-time low of 3.31% that 30-year … Continue reading
When we heard the news that a bunch of big banks had agreed to a 3.6 billion dollar settlement for over 4 million homeowners who lost their home between 2009 and 2010 we thought this was all good news. Sadly … Continue reading
Flipping houses can be a profitable endeavor in any market but, there are definitely specific markets that offer bigger flipping profits. The online foreclosure marketplace found flippers in Orlando, Florida averaged the highest gross profit at 63 percent. The average … Continue reading
U.S. home prices rose 9.3 percent in February compared with a year ago, the most in nearly seven years. The gains were driven by a growing number of buyers who bid on a limited supply of homes. Steady home price … Continue reading
If there was a home foreclosure contest in the United States it wouldn’t be a very close one as Florida would be winning that contest hands down. In the first quarter of 2013, some 85,671 Florida homes were in foreclosure … Continue reading
There is always a certain level of uncertainty when it comes to home foreclosure. There could be some new rules and regulations put in place to make the process easier on impacted borrowers. Consumer advocacy organizations, are calling on national … Continue reading