Category Archives: Latest Foreclosure and Investing Information

New homes could get more expensive in the coming months as a shortage of suitable lots drives up builders’ costs.
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New homes could get more expensive in the coming months as a shortage of suitable lots drives up builders’ costs. In 27 leading markets, the average price of a finished lot ready for building was up 40 percent in the … Continue reading

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Property Investor: Housing engine gains momentum, back on track
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It’s taken a while for America’s economic engine to gain some speed, but it finally appears that the nation is back on track after having derailed when the housing market crashed. Mortgage giant Fannie Mae, which keeps tabs of such … Continue reading

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Property Investor: Home Prices Push Past Rising Rates
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Despite rising interest rates, home prices continue to surge higher. The latest read shows values, including distressed properties, up 12.4 percent in July, year over year, according to a monthly CoreLogic report. That’s higher than both May and June’s annual … Continue reading

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Property Investor: Why do real estate agents still exist?
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On Tuesday, the quintessentially mainstream American real estate brokerage–Re/Max–went public. The housing market is hot enough, its initial filing explained, that raising investor cash could launch it into markets around the country it hadn’t yet reached. But wait–real estate agents? … Continue reading

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Property Investor: U.S. July existing home sales jump to three-year high
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WASHINGTON (Reuters) – U.S. home resales jumped in July to their highest level in over three years, suggesting a sharp increase in borrowing costs is having only a limited impact on the housing market’s recovery. The National Association of Realtors … Continue reading

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Property Investor: Pennsylvania widow who lost home over $6.30 wins reprieve
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A Pennsylvania widow whose residence was auctioned off because of $6.30 in unpaid interest won a court ruling Monday giving her a chance to argue that she should not lose the $280,000 home. The Commonwealth Court decided that it was … Continue reading

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Investors Edge: Five Self-Made Real Estate Millionaires
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Name: Dwan Bent-Twyford Hometown: Denver, Colo. Net worth: $10 million Drives: Chevy Van Owns: 0 rentals Goal: 300 mortgage notes “The road to riches is paved with borrowed money.” – William E. Nickerson Dawn Bent-Twyford’s success story is inspiring. She … Continue reading

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Foreclosure Experts: Borrowers who lost homes to foreclosure resurface
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More people who lost their home during the darkest days of the recession are doing what might have been unthinkable just a few years ago: They’re becoming homeowners again. “Boomerang buyers” — former homeowners who have gone through a foreclosure, … Continue reading

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Foreclosure Experts: President Obama Pitches Plans to Support US Housing Recovery; Overhaul Mortgage and Lending Market
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U.S. President Barack Obama pitched some new mortgage and lending plans to the public in his economic speech Tuesday at Dobson High School in Mesa, Arizona. In his speech he sketched out various plans to overhaul the lending market and … Continue reading

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Foreclosure Experts: Detroit named a top ‘Turnaround Town’ for residential real estate
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DETROIT, MI – Detroit’s housing market ranked 7th overall in a Realtor.com “Turnaround Towns” study of the national housing market in the second quarter, the real estate tracking firm said in a report Wednesday. Realtor.com weighed inventory, median list price … Continue reading

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