Foreclosures

There are many ways to buy foreclosures: from the no cash, no credit methods taught on late night TV, to billion dollar bulk purchases. There are significant discounts available on foreclosures, but buying a foreclosure is not a get rich quick proposition. For those willing to work, and in some cases take some risk, foreclosures [...]

Lenders seized fewer homes in July for a third straight month, repossessing nearly 10% fewer homes than in June. Meanwhile, default notices filed against homeowners who have missed three or more house payments increased 9% last month from June’s levels. Both numbers, however, were down significantly from a year ago, apparently as lenders either seek [...]

On Saturday, we looked at the newest effort by the Obama administration to address the threat of foreclosures from borrowers who are underwater, or who owe more than their houses are worth. If it works well, the program could deal with the risks of strategic default, from homeowners who could afford to make their payments [...]

Each of the “big-four” banks, Bank of America, Wells Fargo, JPMorgan Chase and Citigroup released quarterly earnings reports for Q210 in July, reporting a total increase of $9.5bn in nonperforming or foreclosed properties from the same quarter last year. Each bank categorized the foreclosed properties into different definitions, and some include commercial properties. Bank of [...]

The realtor who is working for my former landlord’s lender came by yesterday and offered us money if we’d move out within 30 days. Should we take it? If the lender offered me 30 days and $500, I’d probably just call off the negotiations as not serious. And I’d hope that you’d do the same. [...]

Today I came across a recent study on foreclosure sales and house prices by an MIT economist and two Harvard researchers. MIT just issued a press release so the study is now making headlines. The researchers looked at 1.8 Million transactions over the last 20 years and came to the conclusion that homes sold after [...]

 “Depressed home prices were originally thought to be a 3 to 5 year problem. Unfortunately for many owners, builders, investors, and speculators, it’s beginning to look like a 25-year problem.” The housing market, whose collapse pulled the economy into recession in late 2007, is stalling again! In major markets across the country, home sales are [...]

Irvine Foreclosure verse Short Sale Unfortunately due to the poor real estate market and mortgage lending issues here in Southern California there are many home owners who find themselves in foreclosure today. The good news is we can help stop your foreclosure even if you have no equity left in your home. Many people in [...]