Wednesday, April 4, 2012 Categorized under Foreclosure News

What if you can’t sell your home?

When Brent Moreland and his wife, Amanda, put their first home on the market last fall, they tried everything to make the Knoxville, Tennessee, two-bedroom townhouse look good to buyers. They took impressive photos with the help of a professional photographer friend, went online for furniture staging ideas and even created a blog to help [...]

Wednesday, April 4, 2012 Categorized under Foreclosure News

Real Estate News: As Home Rents Head Higher, Owning Regains Its Appeal

Climbing rents for apartments are combining with a continued decline in home prices to push once-reluctant home buyers into finally taking the plunge, say economists and real-estate agents, helping what appears to be a good start to the housing industry’s all-important spring selling season. Although increased buying activity from investors and second-home purchasers are also [...]

Tuesday, April 3, 2012 Categorized under Foreclosure News

Foreclosure reforms to widen

State and federal officials who recently completed a $25 billion settlement with five of the nation’s largest banks over shoddy foreclosure practices have begun discussing how to apply some of the terms of that deal to a wider array of financial firms. The landmark agreement finalized in February in part forces the five major banks [...]

Tuesday, April 3, 2012 Categorized under Foreclosure News

Home Prices Seen Dropping 10% in U.S. on Foreclosures: Mortgages

As many as 1.25 million of America’s least cared for homes are headed for auction after a year-long probe into foreclosure practices kept them off the market. Sales of repossessed properties probably will rise 25 percent this year from 1 million in 2011, according to Moody’s Analytics Inc. Prices for the homes could drop as [...]

Monday, April 2, 2012 Categorized under Foreclosure News

As Foreclosure Problems Persist, Fed Seeks More Fines

Federal regulators are poised to crack down on eight financial firms that are not part of the recent government settlement over home foreclosure practices involving sloppy, inaccurate or forged documents. Last week, a senior Federal Reserve  official recommended fines for these additional firms, raising questions about how deep foreclosure problems run through the banking industry. [...]

Monday, April 2, 2012 Categorized under Foreclosure News

Private Equity Firm Buys 5 Home Per Day In Race For ‘Awesome’ Profits

It’s a landlord’s market and financial firms are taking advantage. One private equity firm, Waypoint Real Estate, is buying about five foreclosed homes per day and turning them into rentals in an aim to find a new way to make a buck off of foreclosed homes, the Washington Post reports. Other private investment firms are [...]

Friday, March 30, 2012 Categorized under Foreclosure News

Real Estate Accounting Must-Knows of New Tax Law

Capitalization tax law — three words that have little meaning to most people, will become very important to real estate owners this year as the IRS just released the long-awaited changes to tangible property regulations. This new guidance will impact accounting for expenses incurred by real estate companies when an acquisition, remodel or disposition is [...]

Friday, March 30, 2012 Categorized under Foreclosure News

Real Estate Recovery a Tale of Good, Bad and Ugly

In Miami, condominiums are hot again. In Phoenix, builders are opening new communities. In New Jersey, buyers are finding it takes about three years to foreclose on a property In Atlanta, home prices are down 14 percent annually, thanks to a new wave of foreclosures. In California, more than half of all home sales in [...]

Thursday, March 29, 2012 Categorized under Foreclosure News

10 Homeowner Tips to Prevent Foreclosure

IFPN Homeowner Foreclosure Prevention Tip Sheet 1. Don’t ignore the problem. The further behind you become, the harder it will be to reinstate your loan because you’ll have fewer options and the more likely that you will lose your house. 2. Act fast, even if you are not in foreclosure yet. If you are struggling [...]

Thursday, March 29, 2012 Categorized under Foreclosure News

New foreclosures on homes fell in fourth quarter

The number of new foreclosures on homes initiated by banks fell considerably in the fourth quarter of 2011 due to an emphasis on programs intended to keep borrowers in their houses and the effects of existing and anticipated settlements concerning foreclosure abuses. A report by the Office of the Comptroller of the Currency (OCC) said [...]

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The FCC wants me to inform you - "That the results found here are not typical" - personally I beg to differ. I believe that if you give 100% to real estate investing that you can make all the money you want. But the FCC doesn't think so...so here is my disclaimer! Let's prove them wrong!