tag:blogger.com,1999:blog-343703602024-03-05T14:19:18.043-08:00Real Estate News ForeclosuresReal Estate Foreclosure News: Foreclosure Aid ProgramUnknownnoreply@blogger.comBlogger180125tag:blogger.com,1999:blog-34370360.post-79495611641512644022011-03-08T05:14:00.001-08:002011-03-08T05:15:24.169-08:00List of Foreclosures Given by Bank of Americaforeclosure. The bank of America maintains the list of foreclosures which have been credited to Bank of America. Foreclosure comes into existence when the borrower is not able to make the payments of the due amount of loan that the borrower had borrowed from the lender. When the borrower fails to make payment to money lender, then the borrower is declared as “default”. Thus the process of foreclosure takes place when the person who has borrowed money is unable to make the payments on time due to financial crises.<br /><br />The person might be facing financial crises due to unemployment or natural calamities or because of any national tragedy or due to any other reason. Due the poor financial condition person fails to make payment and due to non-payment of money, lender files the case against borrower. The person under such situation is compelled to sell the property or the property of the borrower might be kept for auction. Sometimes the person under goes depression as a result of which that person can do something that is wrong.<br /><br />Thus during this situation the borrower is in urgent need of money. This need of borrower is fulfilled by Bank of America. These banks provide loans to such persons who are in need of money for paying outstanding amount. This bank provide loans to the person who is in need of money for paying residential loan or other similar loans, which they are not able to due to financial crisis. The Bank of America gives the loan only up to the amount which the borrower is unable to pay.<br />Bank of America gives the loan only after knowing the reason behind the non payment of loan amount by borrower. So the defaulted person gets the loan only after giving proper reason for the non payment of loan. The information given by borrower is kept in record with this Bank of America, for future benefits. The information is maintained by the Bank and this information may prove to be useful in future. The bank does not disclose the information give by borrower unless it is deemed necessary for other person to know about it. The bank keeps record of such information only for their institution’s purpose. Like other private institutions, Bank of America also does not disclose any information regarding their activities as those given in the list of foreclosures. They maintain the confidentiality of the information and it is disclosed to the concerned parties only. This confidentiality is maintained to ensure the security of information of the concerned persons.<br /><br />But if any information is required for inquiry, from the list of foreclosures, any concerned person can get it by requesting bank for providing that information. Once you request for any information, the authority will think whether to give the required information or not. If the bank authority finds that it is not necessary to give information, then it may not give information. Thus the final decision regarding disclosure of information depends upon bank authority.<br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a>Unknownnoreply@blogger.com168tag:blogger.com,1999:blog-34370360.post-18995734993340605032011-03-08T05:12:00.000-08:002011-03-08T05:13:21.792-08:00Tax Lien HomesWhen somebody owns a property, they should pay all the relevant property taxes, income taxes or any such taxes levied by the Government on the said property fixed by the respective Government authority yearly or quarterly. These taxes will be used by the Government to the community for various purposes like, Road, Park etc., when the owner of the property will not pay the tax for a time frame fixed by the Government, those properties will be converted to Tax Lien Foreclosure. But Tax Lien foreclosures are less in numbers comparatively with other foreclosures like, Mortgage etc.<br /><br />In the recent days, majority of the real estate agents are investing on the purchase of Tax Lien certificates of Tax Lien properties so that profit yielded by such property is very high and it doesn’t require much investment. Investing in Tax Lien property is very safe and the gain is so high with interest. In United States, during the sale of Tax Lien property, the original owner of the property will not be entitled to participate. Tax Lien foreclosure of the property is very much painful for the original owner by which they will loosing it for highest bidder in the auction without any regards to their memories in their life. Comparing with all types of foreclosure auctions, Tax Lien foreclosure is the roughest and it’s not easy for both the parties’ buyer and the owner.<br /><br />Tax Lien foreclosure can be taken by the Government by forcing / pressurizing the defaulted owner and if required they will take the ownership of the property with police warrant. In United States due to non payment of taxes will put the owner in such a bad position by loosing their respect, properties, health & many more. Tax official will have many ways in selling of the Tax Lien auction. In this Tax Lien Homes auction not only the owner of the property, even their family members cannot participate. They are strictly prohibited by the Government as per the law and it will be enforced on such related Tax lien homes auction. When Tax lien home auction takes place in front of the home owner, it is really intimidating situation and it’s very uncomfortable scenario but nobody can help them including the tax officers. Tax lien property sale will be a heaven for the bargaining seekers and for a good investor. Even at the time of sale of tax lien certificates, home / property owner will be given a chance to pay the debt over a period of time which will be a longer duration. If the property owner wants to pay, he has to pay all the debt including interest and other penalties levied on such transaction if any. This payment should be made in county office. In turn county office will repay the tax lien with interest to the buyer of tax lien.<br /><br />Hence it is advised better to pay all the relevant taxes to the Government authority from time to time by that can avoid such disheartening situation. <br /><br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a>Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-34370360.post-1570311177681419942011-03-08T05:11:00.002-08:002011-03-08T05:12:10.908-08:00Cheap Homes for SaleSuddenly within the last few years the buzzword around USA is that there are many cheap homes for sale. This needs understanding. Can it be true that cheap homes for sale are available? If so – why?<br /><br />Cheap homes for sale are as a fall out of the foreclosure crisis. Today the market is flooded with houses. There are more sellers than buyers and according to the simple rules of economics this is resulting in innumerable cheap homes for sale.<br /><br />The great American dream is to own house. For one has to take a mortgage loan. But prime mortgage loans are not available for those with weak credit history. This led to the aggressive marketing of sub-prime ARM loans to buyers who did not understand the nitty-gritty of mortgages finances. Agents pitched in for commissions. Appraisers falsely increased the valuation of houses to expedite the sanction of generous loan amounts. As a result there was frenetic activity in the construction world. Prices of houses began to skyrocket. Speculators jumped in to invest. But when the honeymoon period of low interest rates expired monthly payments began to more than double. As one by one houses began to be foreclosed as borrowers failed to meet commitments the housing market began to fall and be flooded with cheap homes for sale.<br /><br />In a desperate move the government at all levels held in check the rising interest rates but by the time that came into effect the damage had already been done. Like ninepins houses were bowled over by foreclosures. This led to more cheap homes for sale further pulling down prices – even below the loan amount. So more foreclosures led to more cheap homes for sale.<br /><br />However what is one man’s poison may be meat for another. The cheap homes for sale are opening up opportunities for a new batch of investors and nest builders to snap up a bargain. With interest rates being lowered mortgages are once more beginnings to be available. Cheap homes for sale are available either in the court auctions or in auctions conducted directly by banks that have repossessed houses. Borrowers also resort to short sale. Before being taken up by the lure of cheap homes for sale it is expedient for the prospective buyer to thoroughly check the house. After calculating repair costs the cheap homes for sale might not be so cheap at all.<br /><br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-34370360.post-83929771620377917882011-03-08T05:11:00.001-08:002011-03-08T05:11:28.859-08:00Cheap Homes ListSurfing the web one will be staggered by the number of cheap homes list. Cheap homes list are increasing as a fall out from the foreclosure crisis. Increasing number of cheap homes list points to the grim picture of the real estate market.<br /><br />Cheap homes list is a boon to many who want to buy houses cheap at this point of time when the nation is reeling under the sub-prime crisis. But one should not be content by merely browsing through the cheap homes list because there are many hidden factors. For instance the amount mentioned in cheap homes list belie the actual cost of the house. All these houses have been foreclosed and with the lenders being unable to sell off the units they are willing to sell them relatively cheap. But is the cheap homes list really cheap?<br /><br />First of all during the housing boom the prices of houses were increased. In recent times these houses are included in cheap homes list but following the false escalation of prices some experts say that the house valuation has found its level – that is the price given in cheap homes list is what it should be.<br /><br />Secondly most of the houses in the cheap homes list are foreclosed. The occupants have been evicted and as such most probably in their anger they have vandalized the house. Even if they have not, desolate houses are broken into by vagrants who strip the property of anything worth a dime – from plumbing to electric lines and even doors and window. So property noted on cheap homes list may not be all that cheap considering the maintenance cost.<br />Thirdly while browsing through the cheap homes list it is better to opt for those that the banks have repossessed and selling. Otherwise there is danger of unforeseen liens, unpaid taxes and other dues to the authorities.<br /><br />The word cheap is relative. In a falling market the units on the cheap homes list may not be cheap in comparison to the prevailing real estate market. Thus the buyer must take all this into consideration before thinking about picking up a bargain. It may not be a big deal after all because why are so many abandoned properties being bulldozed and cleared? Surely the banks know better. There is an adage that one man’s poison may be another man’s meat but it needs tightrope walking to get the right feel about a deal.<br /><br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-34370360.post-87849804242172857592011-03-08T05:09:00.000-08:002011-03-08T05:10:45.433-08:00Cheap Florida ForeclosuresFlorida is one of the most appealing areas in the United States regarding the investments on the real estate market. There are plenty of factors stand at the basis of this huge request, one of them being represented by the highly developed industry of tourism which really puts its mark on the real estate market. Due to its beautiful beaches, especially from the famous area of Miami, Florida attracts lots of tourists who are also interested in having a vacation home in this region for temporary use. Many of these people resort to cheap Florida foreclosures for sale.<br /><br />Cheap Florida foreclosures for sale are a consequence of the fact that many people buy houses based on mortgage loans to lending banks and, when facing financial problems, they stop paying their loan debts to the lending banks. In need of recovering their loans, the lending banks dispossess the home owner from the house. The house is then placed on the market of cheap Florida foreclosures for sale and sold. The reselling of the cheap Florida foreclosures for sale usually takes place in an auction.<br /><br />There are several types of cheap Florida foreclosures for sale on the real estate market. Most common ones in Florida are the bank owned cheap Florida foreclosures for sale, the government owned cheap Florida foreclosures for sale, the pre-foreclosures, the pre-auction cheap Florida foreclosures for sale. The cheap Florida foreclosures for sale come from two types of missed payments: those from mortgage default and those from tax property default.<br /><br />In order to help people purchase cheap Florida foreclosures for sale, many home foreclosure listings have been created by professional agencies that have real estates as field of activity. The home foreclosure listings provide up to date available foreclosed homes in Florida, featured with all necessary details regarding price, location and all other conditions related to the foreclosed home. The home foreclosure listings also provide information about lately news concerning the market of foreclosed homes, about average prices, as well as advices for methods of avoiding and preventing foreclosure. For those in search of a Florida foreclosed home, it is advisable that several home foreclosure listings should be consulted in order to be well documented and be able to do some comparisons between offers. Attention must be paid to the conditions in which the house you are interested in is to be found because many of these houses stay sometimes abandoned in foreclosure for years before they are sold. In this period of time the owning institutions do not have in their duties to make investments in the maintenance of the foreclosed property, so the future home owner of the house must take in consideration the extra sum of money that he will have to put in the reconditioning of the house.<br />Thus, cheap Florida foreclosures for sale can be found, just that the persons interested in such deals must make strong research on the market of foreclosed homes in order to find the right one that fits their desires and also fits their budget. <br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-34370360.post-64167298385936947952011-03-08T05:08:00.000-08:002011-03-08T05:09:04.010-08:00Illinois Bank ForeclosuresThe investment in foreclosures should be done after acquiring some knowledge and experience regarding it. While looking for foreclosure houses in the city try to look out for most updated ones as it will be a profitable deal for the buyer to get such a good house in small amount. The foreclosure homes in the city can be bought for the family or as future investment. The property can be rented out for having regular income or can be resold at current market price after renovation.<br /><br />The Illinois bank foreclosures for sale are such properties that got survived after a foreclosure auction due to low bidding and are now repossessed by the bank. Such properties re non-performing assets of the lender’s inventory. The investment in bank foreclosures is less risky as compared with other type of foreclosure properties like pre-foreclosures, foreclosure at auctions and HUD foreclosures. Sometimes the sellers are covered by non-disclosure clauses after the sale but they can discuss the issue after finding it in the property. The buyers can discuss if you buy one and bargain with the seller regarding the asking price, closing costs and other payment terms.<br /><br />As compared with other type of foreclosures, the Illinois bank foreclosures for sale are easier to locate. The interested buyer can go to the bank and ask for the list of his foreclosure inventory. But now days the banks advertise their foreclosure inventory through listings so one should subscribe these listings to get relevant information.<br />Even the brokers provide complete and updated listings of foreclosures and add their commission for supporting the buyer throughout the process.<br /><br />The banks usually agree on the terms and demands of the buyer so as to minimize their foreclosure property account. If the bank approves of all the demands then the buyer can even get his mortgage application approved by the same bank. As the foreclosure inventory of banks is rising so it’s worrying the banks as it will further decrease the prices of the foreclosure homes. The competition among various banks to clear off their rising inventory will further affect the prices of foreclosure homes. But Single-family units are still great demand and the banks re getting good prices of such properties.<br /><br />One can search for Illinois bank owned foreclosures, auction property, foreclosed homes, pre foreclosures and other distressed homes through online listings. The local real estate investing professionals provide assistance to the buyers and investors regarding search of foreclosed home and closing the auction deal.<br /><br /><br /><br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-34370360.post-41159715082378953502011-03-08T05:07:00.000-08:002011-03-08T05:08:15.476-08:00Texas Bank ForeclosuresWhenever a person takes a loan from a bank while buying a house, he pays the installments every month. But due to some personal reasons like medical emergency or divorce the homeowner cannot continue the payments. In such case the banks send the notice to the defaulter regarding the pending loan amount payment. But when the homeowner doesn’t pay any money to clear off the dues then the house is auctioned for sale so as to collect the due loan amount.<br /><br />There are two types of foreclosure Depending on the state that are strict foreclosure and "foreclosure." In strict foreclosure the lender can fully possess the title or deed of the property so as to get full payment for the loan granted to the borrower. So when the individual or business entity fails to complete the repayment schedule, then the court auction off the property through the sheriff. Whereas in foreclosure only the due amount is collected by auctioning the property.<br /><br />The interested buyers and investors can get information about bidding through announcements or list of properties foreclosed. As the foreclosed properties are auctioned off at the due loan amount so the value of home is much lower than its true market value. The brokers and real estate agents occupy such properties and resell them to earn a few thousand dollars more.<br /><br />The potential investor should also seek the pre-foreclosure listings for more properties as Preforeclosure listings feature such properties that are still not foreclosed. In such cases the buyer can directly approach the homeowner so as to bargain with him regarding the asking price of the property. The homeowner doesn’t wish to foreclose his house so as to save his credit rating and the homeowner also offer him manageable amount to get out from the situation. In such process the deal finalizes quickly and beneficial for both the buyer and the homeowner.<br /><br />The potential buyers can get latest updated information regarding Texas foreclosures through different real estate websites. One can also join its membership to get regular information in the personal mailbox. The experts also help the member buyers regarding any queries and difficulties while finalizing the deal for Texas bank foreclosures. The local newspapers and real estate magazines also provide information regarding Texas foreclosures to the investors. The brokers as well as real estate agents also assist the buyers in finalizing the deal of Texas bank foreclosures. So one should collect relevant information and then do research on that property before buying so as to end up into a good deal. <br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-34370360.post-19862681915002523452011-03-08T05:06:00.000-08:002011-03-08T05:07:25.539-08:00Tampa Bank ForeclosuresThe Tampa bank foreclosures for sale are offered at very low prices so as to give a jump start to the sluggish market. The Tampa bank foreclosures are offered at as much as 10 percent below in many neighborhoods so the sellers are also cutting down their asking prices so as to sell quickly. So the market is flooded with thousands of Tampa bank foreclosures for sale and it’s a great opportunity for the buyers and sellers to get good profits. The Tampa bank foreclosures are attracting interest of single-family homes.<br />There is an increase in number of Tampa Bank Foreclosures due to rise in mortgage defaults as well as foreclosure filings. The listings of Tampa Bank Foreclosures are offered to the buyers from realtors like Bank Foreclosures Sale.<br /><br />The listings are offered to both first-time and seasoned buyers so as to select the right property according to their desires and budget. While buying house one can save lot of money by opting various means like choosing a bank owned home that is available at a good percentage below the market price. The Tampa bank foreclosures offer lucrative deals to the buyers by which they can save a lot of money.<br /><br />While searching a home in Tampa one should first locate and investigate a home that will satisfy their needs. One should seek the aid of a realtor and buy a Tampa bank foreclosure when the time is favorable for the investor. The prices of Tampa bank foreclosures are dependent on the location as many homes are priced according to their neighborhood.<br /><br />One should also investigate the area, as well as the community before buying a Tampa bank foreclosure. One should investigate the home thoroughly as there are some hidden details that do not surface straightaway. Check the major areas of the house like plumbing, electrical and structure, and then inspect the details like mold that is generally unseen in the house. The buyer should also see some other facilities related with the property like the view from there, closeness to the beach and commuting means. One should also survey the surroundings and speak with the neighboring residents regarding the homes and cleanliness in that community.<br /><br />The large amount of foreclosures in the market offers various opportunities to the potential buyers and investors that have never existed before in real estate. The Tampa bank foreclosures offer various financial advantages that lower the risk associated with the purchase of a foreclosed property. <br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-34370360.post-29801862997081660032011-03-08T05:05:00.000-08:002011-03-08T05:06:00.411-08:00Newark Bank ForeclosuresNewark bank foreclosures also dubbed as REO or the Real Estate Owned properties are the assets, which have been given back to the main lender because of the no payment of the mortgage amount. Returning the mortgage amount, these days, is getting more and more difficult because of the recession phase.<br /><br />Recession is greatly influencing the real estate market, as people are not able to purchase new property or most importantly are failing to pay the loan. Thus, currently the financial institutions possess numerous Newark bank foreclosures for sale, which they wish to sell at less rates than the actual market price.<br /><br />The financial institutions possessing the Newark bank foreclosures for sale desire to sell these properties as soon as possible as they are not the realtors plus the overall expense of holding as well as maintaining these properties is extremely high.<br /><br />When it comes to buying bank foreclosures for sale, the best resource to consider is Internet. Online you will be able to find hundreds and thousands of Newark bank foreclosures for sale ready to be purchased. All the essential details like interest rate, foreclosed amount, and location of the property and many more all will be accessible as well on the real estate sites dealing in Newark bank foreclosures for sale.<br /><br />But prior to you buy these money saving homes or the Newark bank foreclosures for sale, it is essential to search the bank foreclosure listings that sometime can be quite difficult. Fortunately, that is where the online real estate sites can help.<br /><br />The online database of the Newark bank foreclosures for sale offers the most comprehensive information on these discount properties. However, there are certain points that must be kept in mind while searching Newark bank foreclosures for sale online, including:<br /><br />Never simply jump over the foremost Newark bank foreclosures for sale you notice. There are loads of houses out there and few better deals, so devote some time in searching.<br /><br />Perform some preliminary calculations for determining whether the Newark bank foreclosures for sale are worth pursuing. Information regarding the market values or opening bids can be used which is found on the real estate site or helpful guides can be used too for calculating values.<br /><br />Learn the procedure to buy prior to getting started. Make sure to calculate every move you make when it comes to purchasing New Jersey bank foreclosures. Remain prepared for your next step and you will be on the way to the real estate success.<br /><br />banner_bankownedproperties<br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-34370360.post-88577240510366124092011-03-08T05:04:00.002-08:002011-03-08T05:05:21.145-08:00Chicago Bank ForeclosuresChicago is the biggest city in Illinois State – the third most populous in USA. It was rebuilt after a great fire broke out in 1871. Chicago bank foreclosures are fanning another sort of fire that is engulfing life and livelihood. Chicago is next to Lake Michigan and is one of the world’s largest urban sprawls. Today the city is drawing attention for dubitable reasons – innumerable Chicago bank foreclosures. This alpha city of the world is now reeling under the blight of Chicago bank foreclosures.<br /><br />Foreclosures are nothing new in the world of mortgage banking. What is special is the staggering numbers of Chicago bank foreclosures. It is part of the foreclosure crisis that is sweeping over America. Lenders foreclose on the borrowers and take back the property that has been kept as security when the borrower fails to repay loans. But in recent years certain types of loans were intentionally peddled to the gullible borrowers that were sure to fall into foreclosure. The income levels of the borrowers did not permit such steep loans. The lenders took over one property after another. But too many Chicago bank foreclosures have caused indigestion for the lenders. They are in a quandary and do not know what to do with so many Chicago bank foreclosures.<br /><br />In 2008 the area stretching from Lake to Will County has been dotted with Chicago bank foreclosures. The neighbours are upset with the overgrown lawns encroaching on their premises. The broken windows speak of raucous parties as wild groups vandalize the empty units. The suburbs have been the worst affected although the city proper has not been spared.<br /><br />The law has been changed so that the lenders immediately notify the city authorities as soon as the take possession of a home. This is something they have been avoiding because of maintenance and other costs. The law would also give the municipality the right to recoup the money spent by the civic authorities in looking after the vacant units.<br /><br />Grants have been sanctioned for Chicago to tackle the blight but the funds are not adequate considering the jumbo size of the problem. The problem is further complicated with the state facing budget deficits. There is a revenue shortfall because of stagnation in the real estate market. Yet work has gone up attending to increased crime and break out of fires in these Chicago bank foreclosures.<br /><br />The overall foreclosure situation has led to population dwindling with many exiting from Chicago.<br /><br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-34370360.post-12740813491549504162011-03-08T05:04:00.001-08:002011-03-08T05:04:31.989-08:00Cincinnati Bank ForeclosuresTo understand Cincinnati bank foreclosures a little bit of homework is required about the place, the nature of the housing crisis that has led to Cincinnati bank foreclosures and the steps being taken to contain the menace. Also one need to know how Cincinnati will respond to the crisis based on the city’s economic strength and will.<br /><br />Cincinnati City is in Ohio State and is located in Hamilton County. It hugs the Ohio River on its border with Kentucky. It is the third largest city in the sate. Cincinnati has the historical distinction of being the first boomtown in the core region of the county. Many say this is the first purely American city rivaling the coastal cities with its own wealth and size.<br /><br />Analyzing Cincinnati bank foreclosures many experts will hunt for the demographic break up because there is a strong opinion that the Blacks and Hispanics were discriminated against. In Cincinnati 50% are non-Hispanic Whites and Blacks make up 49% of the population.<br /><br />Cincinnati hosts some of the major companies and banks making it an economically rich region.<br /><br />Cincinnati bank foreclosures have been relatively low among the Ohio cities most probably due to its insular position and it not being exposed to the full blast of the housing boom. But the numbers in 2009 show that bank foreclosures are having a negative effect in pushing down prices. It went down by over 17% in the first quarter of 2009 – thanks to the surfeit of Cincinnati bank foreclosures. Cincinnati bank foreclosures are now being sold with huge discounts as is happening elsewhere across the country. The median sale price fell in the first quarter of 2009 by 17.1% to $106,500 in Greater Cincinnati and Northern Kentucky as compared to the first quarter of 2008 according to the findings of National Association of Realtors. The median sale price is calculated to be the point at which half the houses are sold for more and half the houses sold for less.<br /><br />The median sale price across the nation for a single family unit fell to $169,000 – a decrease of 13.8% from the first three months of 2008. Sales fell by 3.2% overall from what it was one year previously.<br /><br />David Resler of Nomura Securities said that although many are thinking that the bottom has been reached but in reality it is not so yet. He thinks this summer the prices could reach the nadir but the edging upwards will take a lot of time. Meanwhile it will stay stable at that bottom level.<br /><br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-34370360.post-53358587824018948212011-03-08T05:03:00.001-08:002011-03-08T05:03:43.433-08:00New Jersey Bank ForeclosuresNew Jersey State is in the Mid-Atlantic and northeastern regions of America. New York lies to the north, the River Hudson and the Atlantic Ocean to the east. New Jersey is included in the spread out metropolitan zones of New York and Philadelphia. New Jersey can be generally divided into three zones geographically – north, central and south. The majority of the residents, known as New Jerseyans or New Jeseyites are White. The Blacks make up 15% of the population.<br /><br />The New Jersey bank foreclosures being noted are part of the gigantic wave of the housing crisis sweeping across the country. The government and the private sector have been trying hard to contain the surging of the tide. The good news is that New Jersey bank foreclosures fell by 30% in the first quarter of 2009.<br /><br />According to RealtyTrac there were 11,709 New Jersey bank foreclosures during the first three months of the current year. New Jersey bank foreclosures noted a 30% drop from the last quarter of 2008. It is 11% less than the New Jersey bank foreclosures noted in the first quarter of 2008. However the monthly activity is up by 39% in March showing a 2% hike from what it was a year ago.<br /><br />In March there were 4,570 New Jersey bank foreclosures indicating 40% hike from February 2009 and 2% increase from New Jersey bank foreclosures in March 2008.<br /><br />James Saccacio the CEO of RealtyTrac said, “Although New Jersey foreclosures are down in the first quarter, they have spiked in the month of March. We saw foreclosures drop dramatically in January across the nation as banks waited for details on the mortgage modification plan. Now, they are moving forward again — especially in New Jersey. Statistics show that the state lost more than 17,000 jobs during the month of March, and its home prices and sales have fallen below the national average during the past year. These factors are definitely contributing to the foreclosure increase.”<br /><br />In the first quarter of this year the foreclosure rate calculated to 1:299 making it rank 24th among all the states of the country.<br /><br />Five counties in New Jersey were responsible for 44% of the foreclosures in the state during this quarter. Essex County topped the list with 1,489 foreclosure postings. The other counties in order of decreasing numbers were Union County, Passaic County, Ocean County and Middlesex County.<br /><br />New Jersey was accountable for 1% of the 803,489 foreclosure filings noted during the first three months of 2009.<br /><br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-34370360.post-63708764034420060622011-03-08T05:02:00.001-08:002011-03-08T05:02:52.069-08:00Michigan Bank ForeclosuresMost of the states of the United States are facing the problems of home foreclosures and Michigan State is not an exception. A recent report from housing division of Michigan indicates that the number of Michigan bank foreclosures for sale has increased by 25% in last year. This rapid increase in the number of Michigan bank foreclosures for sale has greatly affected the housing market in Michigan. There are various reasons for the increasing Michigan bank foreclosures for sale and some of them include unemployment, rising price of commodities, loss of unemployment and financial crunch. Another important factor is the large number of homeowners in Michigan who take home mortgage loans to buy their homes. Most of the homeowners in Michigan buy their homes by seeking mortgage loans and when they are unable to make the repayment, the banks cease their homes on foreclosures.<br /><br />If you are a resident of Michigan looking for a home then buying Michigan foreclosures for sale will offer you a number of benefits. In Michigan, a wide range of bank foreclosed homes starting from single family home to condos and duplexes are available for sale. Finding Michigan bank foreclosures for sale is very easy and you can find the bank foreclosed home of your choice by just sitting at your home. Most of the banks in Michigan have online presence and you can purchase your foreclosed home from them my searching for a reliable bank on the Internet. Moreover, there are many private agencies who offer online foreclosure listing for Michigan bank foreclosures for sale. These foreclosure listing contains all the information on the bank foreclosed homes available for purchase. You should closely study these foreclosure listings to find out the bank foreclosed home that suits for financial condition. By studying the foreclosure listings you will be able to know the location, the present condition and the price of the bank foreclosed home that you are willing to buy.<br /><br />Before buying a home from Michigan bank foreclosures for sale, you should the compare the price of the foreclosed homes from different banks. You could find out the best deal on your bank foreclosed home making extensive research on the Internet. Buying Michigan bank foreclosures for sale could save you thousands of dollars as they are available at a comparatively lower price then the original market price. Moreover, it is definitely safe to buy Michigan bank foreclosures as the bank holds the clear title of the foreclosed homes. You are also free to own the foreclosed homes or sell it for profit. The Michigan state housing law also allows you to keep renters for rental charges. <br /><br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-34370360.post-12021397625433574242011-03-08T05:00:00.000-08:002011-03-08T05:01:54.609-08:00California Bank Owned HomesCalifornia is a beautiful state with ample of education and lucrative employment opportunities. In addition, access to all the basic amenities, including medical health care centers, shopping centers and parks makes this place a favorite place to live in. today large number of people are planning shifting to this amazingly lively city and live here permanently.<br /><br />But, when it comes to buying home in California, the problems such as high rate and location of the property may hamper your dream. This is when the option of California bank owed homes comes handy and can be of great help in fulfilling your desire of owing a home in California and live here permanently. The California bank owned homes are the properties that has been confiscated by the lender party from the owner of the home due to the default on the mortgage loan amount continuously for several months. The default on the mortgage amount due to which the property became California bank owned home can be because of various reasons, including<br /><br />· Loss of wages<br />· Accident<br />· Long illness<br />· Theft<br />· Divorce<br />· Unemployment<br />· Business loss<br />· High or unaffordable rate of interest <br />As soon as the property becomes California bank owned home, loads of real estate investors’ as well home seekers tries to buy the properties under the California bank owned home because of their low price. The California bank owned home offers the real estate investors lucrative chance to make huge earning through buying the property at low cost then after sometimes reselling it at the normal traditional market price or sometimes 30-40 % more than that. While the home seekers can buy, the California bank owned home at low price and save the remaining in their bank for future use or invest in the amount in decorating the house.<br /><br />For buying, the California bank owned home the best place is to search Internet. On net, you can find hundreds of websites offering the California bank owned home and several details about it, including the rate of the property, the interest rate available on the property, the possessor of the property and even the exact location of the property along a map. Or else the real estate brokers can also assist you in finding California bank owned home within a certain area. Along with finding home in the desired location, the real estate agent may also help in creating all the essential documents for buying the California bank owned property. <br /><br /><br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-34370360.post-7289573253679876172011-03-08T04:59:00.000-08:002011-03-08T05:00:32.089-08:00New York Bank ForeclosuresThe investors buy New York bank foreclosures that will satisfy all their practical needs. The New York bank foreclosures are available at the best price possible. Such deal of New York bank foreclosures ensures savings but also result in a hassle free deal. The New York bank foreclosures offer great quality real estate with affordable and below market prices. The New York bank foreclosures great potential for profit on future sales as the value of the property appreciates with time. New York bank foreclosures The New York bank foreclosures happen just like any other real estate foreclosures. Whenever the borrower defaults the loan then the bank possesses the house so as to get the due amount. But the banks do not keep the property for long time as it diminishes their lending image and it’s expensive to maintain such house. So instead of spending money on such house the bank prefer to sell it at reasonable price.<br /><br />The bank recovers the due loan amount not full payment so such properties are undersold. So by attending such auctions one can buy New York bank foreclosures at discounts of anywhere from 10 to 50% off market value. Find New York bank foreclosures The New York bank foreclosures are not commonly advertised so it’s hard to locate sales. One can also find bank owned properties for sale in listings, magazines and newspapers. One can also personally research the New York bank foreclosures properties by calling neighborhood banks and inquiring about any due property sale. The banks also have special departments that are completely devoted entirely to the New York bank foreclosures sale. Sometimes the local banks guide the buyer and give information related to someone at a higher level. The multiple listings service also helps the buyers and investors in getting information regarding New York bank foreclosures.<br /><br />One can also get details of New York bank foreclosures through the internet. The expert staff of real estate websites helps members in finding New York bank foreclosures. Beneficial deal If the investor wishes to get quick profit then they buy New York bank foreclosures at low price and put it up for sale again at market rates. So by flipping the buyer can get good benefit. One can also get steady residual income by using New York bank foreclosures as rental properties. as so many people move in the city for employment and vacation so its better to put the house for rent for good monthly income.<br /><br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a>Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-34370360.post-42868826852031288322011-03-08T04:58:00.000-08:002011-03-08T04:59:18.047-08:00New Mexico Bank ForeclosuresNew Mexico bank foreclosures are the properties seized by the owners on the default of making the loan installments. Subsequently, banks or the financial institutions foreclose a property to resell the specific asset to the novel investors on new conditions and terms.<br /><br />The bank foreclosures are considered as the hottest properties accessible in the world of real estate, since they are often available on almost half the market cost of the property. This adds with the characteristic of inexpensiveness, which is advantageous for both the regular investors as well as novice. New Mexico bank foreclosures are overflowing with various advantages and are regarded as a wise asset investment decision.<br /><br />Few of the top benefits of putting money in New Mexico bank foreclosures include:<br /><br />They can be easily brought at 40-60 percent discount rate. Thereby, you simply are aware of the fact that you are purchasing low price property when the real estate rates in New Mexico are skyrocketing.<br /><br />There is an aspect of credibility affixed with the New Mexico bank foreclosures. This is due to the reason that you deal with reliable financial institutions or banks. Thus, you can take a sigh of relief that you will get reliable transaction down in purchasing New Mexico bank foreclosures that is very free from every kind of frauds.<br /><br />Another best part about the New Mexico bank foreclosures is that they can be purchased in a very small span. This is due to the fact that bank often tends to sell back the New Mexico bank foreclosures as soon as possible, since they certainly want to minimize the costs of maintenance attached with the property.<br /><br />In addition, you can grab the information very easily about the New Mexico bank foreclosures via the Internet. You simply search the New Mexico bank foreclosures and avail comprehensive information by making only few clicks. Apart World Wide Web, you can search New Mexico bank foreclosures on financial magazines, radio, TV and newspapers.<br /><br />Banks generally resell the New Mexico bank foreclosures during the bidding process at auctions. Thus, if you are considering buying New Mexico bank foreclosures, it is feasible to do some research in advance with the intention of making the most profitable deal. For this, do a thorough inspection of the locality and the New Mexico bank foreclosures for sale in order to get the approximate worth of the property foreclosed. <br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-34370360.post-15025680628195510982011-03-08T04:55:00.000-08:002011-03-08T04:56:52.673-08:00Consolidate debt to have from foreclosureForeclosure is when you aren’t able to manage your mortgage payments and then your lender forecloses your property to get back the mortgage payments. You can always avoid foreclosure if you can manage you finances well and have a good budget plan. First of all, your consolidate debt that is unsecured bills and then try to make regular payments on your mortgage to avoid foreclosure.<br /><br />Personal finance will help you consolidate debt<br /><br />You must have a good financial plan so that you can easily get rid of your unsecured debt as well as your secured debt. Take a look at how your personal finance can help you avoid foreclosure:<br /><br />1.Create a budget<br />If you don’t have a budget plan, you must create one soon. This budget can help you know how much you’re able to save and how much you are spending. This will help you save more and contribute toward your payment whether unsecured debt or secured ones. You have to look for ways in which you can save more money and pay off your debt. This way only you can avoid foreclosure and save your credit report from getting negative.<br /><br />2.Earn extra money<br />You must not leave your daily job for anything. You must try to keep that job and earn extra money for your own good. That can be home-based business like tuitions, baby-sitting, etc. or you can also start writing articles online for fun. There are many websites that hire content writers to write articles on their topics. You can search for the content on the Internet and then start writing articles and earn money. You can also set up a PayPal account for getting paid. You can also start your own blog where you can use applications like Google AdSense to earn extra money.<br /><br />3.Home-made items<br />This can also help you save money and you can use the amount to consolidate debt and avoid getting your property foreclosed. You can use home-made items such as vinegars, lime juice to clean stains off your carpets or use other home-made soaps to clean the floors. If you go to gym classes, by cleaning the floors and your walls yourself, you’ll be saving that money. You cam make use of your front yard or back yard and make a garden out of it. That’ll raise the value of your house and you can also take out home equity loans later to pay back your mortgage.<br /><br />4.Make use of discounts<br />You need daily items such as grocery and other items. But you can also save money on them. You can make use of the discounts and other offers you get from different shops so that you can save money on them. You may also buy these things in bulk so that you can save a lot of money. There are many shops who give you discounts on these things during the holiday season and you can make use of these things. You may also get free items that you can make use of. Try to save as much money as you can so that you can pay off your debt fast and also avoid foreclosure. These things also make your credit report look good and make you creditworthy.<br /><br />The 4 points above will give you an idea to consolidate debt and also pay back your mortgage on time. If you follow these steps, you can easily avoid foreclosure and repair your credit.<br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-34370360.post-28111060594582521232009-08-19T12:53:00.000-07:002009-08-19T12:54:03.950-07:00Financial Help To Stop ForclosureYou may not know this, but your creditors don’t want to foreclose on your either. Cross my heart, they are more interested in getting their money out of you than they are in seeing you lose your home of fifteen some years. So whatever else it is that you think you know about mortgages and foreclosure, let it all go now and start to think of new ways to obtain the financial help you need to stop foreclosure. You still want to keep that home, don’t you?<br /><br />In light of the information you have just gotten above, you had better consider the chances you have with contacting the mortgage firm you borrowed from in the first place. You know what your financial situation is like and they don’t, so you want to approach them with that little piece of information. You might think that the agency does not care, but you’d be wrong.<br /><br />See, to them what you represent is a tap that feeds their collective; if something was to happen to that tap, it weakens the collective. When you tell them you have pecuniary woes, you could be surprised what brilliant ideas they could whip out of a hat within a single minute. That is definitely an option you want to consider.<br /><br />Another way you can stop foreclosure is by applying for another loan from another credit company. Do not try to keep the fact that you already owe a mortgage to one creditor a secret because they can find that out just by taking a peek at your credit history. However if you came up to them with the option of say, a debt consolidation, they might just be willing to do business. With a consolidation, you could pass the weight of your old burden to their shoulders and take another loan at a smaller interest rate, and one that will give you ample time to pay up what you owe. You’d like that, wouldn’t you?<br /><br />On the off chance that you have a stable income at the same time that your home also has sufficient equity amassed on its value, you are actually in luck. A mortgage refinance is the best option you can explore in such a situation. In simple terms, a refinance loan is just another way to say you are getting the much-needed financial help to keep your home from another source. Recent times have seen new measures put in place by government initiatives to make it easier for people with adjustable rate mortgages to get refinance loans for their homes at fixed rates. Really, it’s an option you may not want to pass up too rashly.<br /><br />It is not too often that you get private buyers or lenders who are willing to hold on to your home on your behalf, just long enough for you to be able to pay off your mortgage, but there’s no harm in trying. A private investor may even be lenient enough to offer you a no interest loan with which to pay up what you owe on the mortgage. When you are done paying, you can have the deeds to your home back. You see the thing about financial help, it can only come if you push hard enough for it until you try, you’ll never know just how lucky you can get.<br /><br />The rule about obtaining financial help from whatever source there might be out there to stop foreclosure is a simple one: nothing ventured, nothing gained. You can keep your home, but you are going to have to fight for it.<br /><br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad <br />Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a>Unknownnoreply@blogger.com8tag:blogger.com,1999:blog-34370360.post-86392139945330602342009-07-28T19:11:00.001-07:002009-07-28T19:11:46.305-07:00Is Foreclosure Real Estate a Fraud?The excellent news is that <a class="zem_slink" href="http://en.wikipedia.org/wiki/Foreclosure" title="Foreclosure" rel="wikipedia">foreclosure</a> properties are a completely legal and legitimate way to buy <a class="zem_slink" href="http://en.wikipedia.org/wiki/Real_estate" title="Real estate" rel="wikipedia">real estate</a>. In fact, some of the most successful investors in the world regularly invest in foreclosed properties, because they know that these properties are an amazing purchase and an outstanding value. Many millionaires have made their fortunes with foreclosure real estate. Even average people have saved substantially on a home purchase by buying foreclosures.<br /><br />Foreclosure is a legal process which protects lenders from <a class="zem_slink" href="http://en.wikipedia.org/wiki/Default_%28finance%29" title="Default (finance)" rel="wikipedia">defaulted</a> <a class="zem_slink" href="http://en.wikipedia.org/wiki/Loan" title="Loan" rel="wikipedia">loans</a>. If a homeowner purchases a home and uses a <a class="zem_slink" href="http://en.wikipedia.org/wiki/Mortgage" title="Mortgage" rel="wikipedia">home loan</a> or mortgage to pay for that home, the homeowner has an obligation to repay the loan - usually with monthly payments. If the homeowner does not pay his or her mortgage, he or she is considered in default. To earn back the money that is not being paid through mortgage payments, the lender starts the foreclosure process. This is a process which allows the lender to take <a class="zem_slink" href="http://en.wikipedia.org/wiki/Ownership" title="Ownership" rel="wikipedia">ownership</a> of the property. Once the lender has the property, he or she will generally sell it so that the money owed on the loan is paid back in full. If a mortgage is insured by the government, the government pays the lender the money owing on the loan and the property is owned by the government. The government tries to sell the property to earn back the money they have paid out to the lender.<br /><br />Foreclosure is therefore a perfectly legal process and foreclosed homes are a legitimate way to buy real estate. In fact, foreclosed houses can be a very ethical and responsible way to buy property. Many distressed properties need a little work and by cleaning up and making some minor repairs to that property, you raise its value and you make it an appealing property again. This can actually decrease the need for new housing units, which is great news for the environment. Fixing an existing home is a much more ecological solution than building a new property. Plus, when you fix a foreclosed <a class="zem_slink" href="http://en.wikipedia.org/wiki/House" title="House" rel="wikipedia">house</a> you improve the neighborhood where the property is located. The property values of homes near the property also increase. Buying foreclosures is a responsible thing to do.<br /><br />In fact, foreclosure homes can be an outstanding way to buy property. There are almost too many advantages to list. Foreclosure homes offer you instant savings and instant equity, which can help you secure a lower <a class="zem_slink" href="http://en.wikipedia.org/wiki/Interest_rate" title="Interest rate" rel="wikipedia">interest rate</a> on future loans. Buying a government foreclosure may qualify you for special programs that can help you save more money. In addition, there are so many foreclosures to choose from that you can buy your dream house. There are hundreds of thousands of distressed properties across the nation. Whether you want a condo, a history property, a commercial property or just a <a class="zem_slink" href="http://en.wikipedia.org/wiki/Single-family_detached_home" title="Single-family detached home" rel="wikipedia">single family homes</a>, you can find what you need with foreclosure homes. Foreclosed houses are also available in virtually every neighborhood, so you can be part of that community you have always wanted to join.<br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a><br /><br /><div style="margin-top: 10px; height: 15px;" class="zemanta-pixie"><img style="border: medium none ; float: right;" class="zemanta-pixie-img" alt="" src="http://img.zemanta.com/pixy.gif?x-id=cf39211b-dc7d-4953-a364-d19daedbd581"><span class="zem-script more-related pretty-attribution"><script type="text/javascript" src="http://static.zemanta.com/readside/loader.js" defer="defer"></script></span></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-34370360.post-10466471893080701022009-07-28T19:10:00.001-07:002009-07-28T19:10:55.758-07:00"Hot" Foreclosure Areas - States With Highest Foreclosures Are Warm StatesAccording to an article on CNN Money, 26 of the areas with the highest foreclosure rates are concentrated in the states of Nevada, California, Florida and Arizona. These are traditionally warm states, hot! RealtyTrac, an internet marketer of foreclosures, states that metro areas in these four states topped the foreclosure filing list for the first quarter of 2009. Las Vegas topped the list altogether.<br /><br />It's peculiar that the states with the highest foreclosure filings are in tropically warm cities. Ever wonder why? Here are a few personal theories:<br /><br />I'd have to guess one reason is that older individuals flock to warmer climates for retirement, many purchasing homes. We've all heard rumblings throughout the years of senior citizens being taken advantage of by predatory lending practices. Foreclosure rates have skyrocketed in warmer climates where many seniors reside. I wonder how many of these foreclosure filings are due to unrealistic arms, predatory refinancing, reverse mortgage, and the like.<br /><br />Another gander is second homes. Many people buy second homes, "vacation" properties, in warmer climates. Miami, baby! I'd love to own a condo on the beach near Sunny Isles one day, but the maintenance fees and other monthly carrying charges have kept me simply salivating at the window. But many people have jumped into purchasing second homes in states like Florida, only to see the market take a dive.<br /><br />We've seen more than a few harsh hurricane seasons on the Floridian peninsula over the last decade. I wonder how many condo associations have suffered because the property insurance wasn't adequate to cover hurricane damage, which means condo owners likely had to dig into their own pockets to make up the difference. It'd be interesting to know how many condos in this scenario contribute to the foreclosure crisis. Just something to make you go, "Hmmmm..."<br /><br />Further, the hot states that hold these secondary homes, vacation rentals, are not as busy with tourists as they used to be re: a recession riddled with increasing layoffs and deep cutbacks. Lack of disposable income is simply keeping people close to home. And, in reality, an investor's second home is also likely to be an investor's second priority when it comes to making a mortgage payment on the heels of a job loss or small business shutdown. Many investors are walking away from their vacation homes in an effort to save their primary residence. <br /><br />I'd bet my bottom dollar a large number of foreclosures in areas like Las Vegas are second homes. Las Vegas led the pack with one in every 22 homes receiving a foreclosure filing during the first quarter of 2009. That's more than seven times the national average. Merced, California ran a close second with one in every 24 homes. Wow!<br /><br />Other metro areas on the top 10 list were in the Golden State of California in areas like Riverside-San Bernardino, Modesto, Bakersfield, etc., along with the Sunshine State's Port St. Lucie and Arizona's Phoenix.<br /><br />Across the board, there are varying reasons why foreclosure rates have peaked in certain areas, but these are just a few theories why foreclosure rates have skyrocketed in "hot" areas. To view the full list of areas with the highest foreclosure rates, visit <a target="_new" rel="nofollow" href="http://www.foreclosurecleanup.biz/">http://www.ForeclosureCleanup.biz</a> and click on Foreclosure Rate Data.<br /><br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a><br /><br /><div style="margin-top: 10px; height: 15px;" class="zemanta-pixie"><img style="border: medium none ; float: right;" class="zemanta-pixie-img" alt="" src="http://img.zemanta.com/pixy.gif?x-id=b1bf557d-5aef-45b0-b45b-3a29290520fd"><span class="zem-script more-related pretty-attribution"><script type="text/javascript" src="http://static.zemanta.com/readside/loader.js" defer="defer"></script></span></div>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-34370360.post-61671078384336937042009-07-28T19:09:00.002-07:002009-07-28T19:10:34.629-07:00Where Can I Obtain Free Listings of Foreclosures?<a class="zem_slink" href="http://en.wikipedia.org/wiki/Foreclosure" title="Foreclosure" rel="wikipedia">Foreclosure</a> is a technical term given to process that occurs when a person is unable to pay the loan on time and is then declared as a defaulter. The defaulter then sells his/her <a class="zem_slink" href="http://en.wikipedia.org/wiki/Property" title="Property" rel="wikipedia">property</a> in order to compensate the loss and pay the loan in full. Many websites offer you paid services to find such listings, but there are other methods available to find free foreclosure listings.<br /><br />Foreclosure is of 2 types.<br /><br />? <a class="zem_slink" href="http://en.wikipedia.org/wiki/Tax_lien" title="Tax lien" rel="wikipedia">Tax lien</a> foreclosure.<br /><br>? Mortgage foreclosure.<br /><br />Mortgage foreclosure is further divided into Judicial Foreclosure and Non-Judicial foreclosure. If the foreclosure is settled by the court then it is "judicial foreclosure". In this case, the <a class="zem_slink" href="http://en.wikipedia.org/wiki/Loan" title="Loan" rel="wikipedia">lender</a> (person who provided the loan) can directly take over the property of the <a class="zem_slink" href="http://en.wikipedia.org/wiki/Borrower" title="Borrower" rel="wikipedia">borrower</a> with court intervention. Court is responsible for taking all the decisions regarding foreclosure. In judicial foreclosure, a <a class="zem_slink" href="http://en.wikipedia.org/wiki/Notice" title="Notice" rel="wikipedia">legal notice</a> is first sent to the borrower. If the borrower responds in a timely manner, the court then arranges for the auctioning of the borrower's property. The whole procedure is in followed in a formal manner.<br /><br />Judicial foreclosure listings can be easily found on the <a class="zem_slink" href="http://en.wikipedia.org/wiki/County" title="County" rel="wikipedia">county</a> websites. For example, judicial foreclosure listings in <a class="zem_slink" href="http://maps.google.com/maps?ll=28.0,-81.5&spn=1.0,1.0&q=28.0,-81.5%20%28Florida%29&t=h" title="Florida" rel="geolocation">Florida</a> are managed by the <a class="zem_slink" href="http://en.wikipedia.org/wiki/Court_clerk" title="Court clerk" rel="wikipedia">Clerk of Court</a> and a full list of all the foreclosures is available online on the county website.<br /><br />When both parties decide to settle the loan without the intervention of the court, it is termed as "Non-Judicial foreclosure". In such a foreclosure, the lender is responsible for taking all the decisions.<br /><br />Finding Non-Judicial listings for free is a difficult task as such listings are usually arranged by private parties who normally charge fees.<br /><br />Information regarding tax lien foreclosures can also be found on the county website of the area. Tax lien foreclosures occur once in a year in most of the counties of <a class="zem_slink" href="http://maps.google.com/maps?ll=38.8833333333,-77.0166666667&spn=10.0,10.0&q=38.8833333333,-77.0166666667%20%28United%20States%29&t=h" title="United States" rel="geolocation">United States</a>. But, the county websites maintain such foreclosure listings 6-7 months prior to the sale. You can always check the county websites for the date when sale begins.<br /><br />Foreclosure is a way to help borrower pay all his/her dues. The best way to recover money is to auction all the properties and if some amount is left after the final settlement the same is paid to the borrower.<br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a><br /><br /><div style="margin-top: 10px; height: 15px;" class="zemanta-pixie"><img style="border: medium none ; float: right;" class="zemanta-pixie-img" alt="" src="http://img.zemanta.com/pixy.gif?x-id=79478be7-de82-4007-a15a-9edc9f0f8652"><span class="zem-script more-related pretty-attribution"><script type="text/javascript" src="http://static.zemanta.com/readside/loader.js" defer="defer"></script></span></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-34370360.post-51091861982820009062009-07-28T19:09:00.001-07:002009-07-28T19:09:36.840-07:00Buying Foreclosures - Business Or HobbyDid you know that there are 1,945,204 homes currently in the <a class="zem_slink" href="http://en.wikipedia.org/wiki/Foreclosure" title="Foreclosure" rel="wikipedia">foreclosure</a> system, and that number keeps going up? Before it is all said and done one out of eight households will end up being foreclosed. The current political administration is trying to help some of these homeowners; however, with the increase of <a class="zem_slink" href="http://en.wikipedia.org/wiki/Unemployment" title="Unemployment" rel="wikipedia">unemployment</a> it is expected that foreclosures will continue to rise for at least another year. History has taught us that foreclosures lag behind unemployment. Foreclosures will start to peak when unemployment drops and people are able to start paying their <a class="zem_slink" href="http://en.wikipedia.org/wiki/Mortgage" title="Mortgage" rel="wikipedia">mortgages</a> again. Currently unemployment is at 9.5% and expected to rise over the next several months. One of the reasons is that the auto industry is making drastic changes and companies will be closing down hundreds of dealerships. Most of these employees will have to take unemployment at least short term and could make unemployment levels historic.<br /><br />With every situation there is opportunity. It is unfortunate that so many people have already or are about to lose their homes; but, right now professional <a class="zem_slink" href="http://en.wikipedia.org/wiki/Real_estate" title="Real estate" rel="wikipedia">real estate</a> investors are buying up these foreclosures and making a fortune. You see ads all over the internet and several <a class="zem_slink" href="http://en.wikipedia.org/wiki/Infomercial" title="Infomercial" rel="wikipedia">infomercials</a> on <a class="zem_slink" href="http://en.wikipedia.org/wiki/Television" title="Television" rel="wikipedia">television</a> pitching their latest "get rich by buying foreclosures" programs. Don't get suckered in, buying foreclosures can be risky and is not a "<a class="zem_slink" href="http://en.wikipedia.org/wiki/Get-rich-quick_scheme" title="Get-rich-quick scheme" rel="wikipedia">get rich quick</a>" option. It takes time, patience and <a class="zem_slink" href="http://en.wikipedia.org/wiki/Education" title="Education" rel="wikipedia">education</a>, but not necessarily a lot of money. There are legitimate programs that will teach you how to buy homes for under a thousand dollars of your own money and if it is your desire, make it a lucrative business. Statistics show that between 16% and 25% of internet business opportunities are fraudulent. Yet with 75% of opportunities legitimate, why do so many people feel they are scammed"? Well the truth is most people want to sit at home and work on their computers for a few hours a week and make a million dollars a year, not have a real business. A real business needs time, effort and some sort of an initial <a class="zem_slink" href="http://en.wikipedia.org/wiki/Investment" title="Investment" rel="wikipedia">investment</a>. First it takes at least 90 days to objectively evaluate a business or opportunity; second it takes education. Successful business owners know everything there is about the industry they are in; and third it takes a lot of work, at least initially. Did you know that the average <a class="zem_slink" href="http://en.wikipedia.org/wiki/Business" title="Business" rel="wikipedia">business owner</a> works 16 hours a day for several years before seeing any real profit?<br /><br />Conclusion, buying foreclosures is a lucrative business and must be treated as such. If you aspire to make a fortune in this business, go about it the right way and work at it as a business, not a part time hobby.<br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a><br /><br /><div style="margin-top: 10px; height: 15px;" class="zemanta-pixie"><img style="border: medium none ; float: right;" class="zemanta-pixie-img" alt="" src="http://img.zemanta.com/pixy.gif?x-id=1d6888f0-d686-402c-b999-d2289511c97d"><span class="zem-script more-related pretty-attribution"><script type="text/javascript" src="http://static.zemanta.com/readside/loader.js" defer="defer"></script></span></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-34370360.post-21558725580253076422009-07-28T19:08:00.000-07:002009-07-28T19:09:02.394-07:00The Process of Phoenix Foreclosures and Why to Buy ThoseIn <a class="zem_slink" href="http://maps.google.com/maps?ll=33.4483333333,-112.073888889&spn=0.1,0.1&q=33.4483333333,-112.073888889%20%28Phoenix%2C%20Arizona%29&t=h" title="Phoenix, Arizona" rel="geolocation">Phoenix</a>, <a class="zem_slink" href="http://en.wikipedia.org/wiki/Foreclosure" title="Foreclosure" rel="wikipedia">foreclosure</a> is simple and swift procedure initiated by the mortgage company. A legal process which relinquishes a <a class="zem_slink" href="http://en.wikipedia.org/wiki/Owner-occupier" title="Owner-occupier" rel="wikipedia">home owner</a> from all his <a class="zem_slink" href="http://en.wikipedia.org/wiki/Property" title="Property" rel="wikipedia">property rights</a> due to non-payment of the mortgage amount is known as foreclosure.<br /><br />Process of Phoenix Foreclosures<br /><br />A trustee is appointed by the lender to manage all paperwork. A legal "Notice of Trustee's Sale" is recorded in country's recorder office which means that the property is to be sold no sooner than ninety days from the date of notice recording. Within five days of such recording, the trustee also issues a legal notice to the homeowner and other affected parties. Four consecutive notices - once a week is also mandatory to publish in the country's newspaper of general circulation.<br /><br />On payment default, the trustee conducts the auction which requires a deposit of $1000 from every bidder. The property is then sold to the <a class="zem_slink" href="http://en.wikipedia.org/wiki/Auction" title="Auction" rel="wikipedia">highest bidder</a> one of which can be the mortgage company. Title is conveyed to the winner which releases the previous owner to redeem the property or reinstate the loan. Primary liens and junior liens attached to the property are cleared by the sale proceeds and if any balance remains then it are returned to the ex-owner by the trustee.<br /><br />Why to buy Phoenix Foreclosures<br /><br />Phoenix foreclosures can prove fruitful to the prospective buyers because it gives an affordable option to own a property in the largest city in the US state of Arizona. Apart from the availability of property at fractional price, there are many more reasons why to buy Phoenix foreclosures<br /><br />? The city is the main economic, industrial, financial, transportation and cultural center of the Southwestern <a class="zem_slink" href="http://maps.google.com/maps?ll=38.8833333333,-77.0166666667&spn=10.0,10.0&q=38.8833333333,-77.0166666667%20%28United%20States%29&t=h" title="United States" rel="geolocation">United States</a>.<br /><br>? <a class="zem_slink" href="http://maps.google.com/maps?ll=33.4211111111,-111.931666667&spn=1.0,1.0&q=33.4211111111,-111.931666667%20%28Arizona%20State%20University%29&t=h" title="Arizona State University" rel="geolocation">Arizona State University</a> (ASU) - the largest <a class="zem_slink" href="http://en.wikipedia.org/wiki/Public_university" title="Public university" rel="wikipedia">public universities</a> in US with 64,394 enrollments in year 2007, is located in Northwest Phoenix.<br /><br>? The city is home for number of telecommunications and high-tech companies.<br /><br>? The warm <a class="zem_slink" href="http://maps.google.com/maps?ll=34.0,-112.0&spn=1.0,1.0&q=34.0,-112.0%20%28Arizona%29&t=h" title="Arizona" rel="geolocation">climate</a> in winters, benefits Phoenix from tourism, recreation and golf industry.<br /><br>? Seven <a class="zem_slink" href="http://en.wikipedia.org/wiki/Fortune_1000" title="Fortune 1000" rel="wikipedia">Fortune 1000</a> companies have place in Phoenix.<br /><br>? Phoenix is a home for numerous American politicians, popular musicians and other dignitaries.<br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a><br /><br /><div style="margin-top: 10px; height: 15px;" class="zemanta-pixie"><img style="border: medium none ; float: right;" class="zemanta-pixie-img" alt="" src="http://img.zemanta.com/pixy.gif?x-id=405e1c59-b5fb-4962-8a7d-a219bab2742e"><span class="zem-script more-related pretty-attribution"><script type="text/javascript" src="http://static.zemanta.com/readside/loader.js" defer="defer"></script></span></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-34370360.post-38769997413307043852009-07-28T19:07:00.002-07:002009-07-28T19:08:05.586-07:00Fundamental and Technical Real Estate AnalysisThere are two main schools of stock <a class="zem_slink" href="http://en.wikipedia.org/wiki/Investment" title="Investment" rel="wikipedia">investment</a>: <a class="zem_slink" href="http://en.wikipedia.org/wiki/Fundamental_analysis" title="Fundamental analysis" rel="wikipedia">fundamental analysis</a> and <a class="zem_slink" href="http://en.wikipedia.org/wiki/Technical_analysis" title="Technical analysis" rel="wikipedia">technical analysis</a>. Both of them have their merits, according to the masses, but I don't believe that technical analysis is a sound approach to stock investment.<br /><br />I'll briefly explain both approaches.<br /><br />Fundamental analysis deals with exactly what it sounds like: the fundamentals of the company. This means the potential investor will examine the company's track record, its financial statements, its management, its market sector, its geographic location, and all other things that make that <a class="zem_slink" href="http://en.wikipedia.org/wiki/Business" title="Business" rel="wikipedia">business</a> that business. Fundamental analyzers look at these things to arrive at a conclusion of the company; from this data, they decide whether the company is a good or a bad one and whether or not they should invest their hard-earned money into it.<br /><br>Technical analysis ignores all of this. Instead, somebody using the approach of technical analysis will look at the trends in the economy, the trends in that business, and its history of trends. In short, they look at the charts of the prices of that company's stock. These charts are examined for patterns, and the technical analyst will try to predict the future price of the stock based on these patterns.<br /><br />I don't know about you, but it makes a lot more sense to me to pay attention to the company itself rather than the prices of the stock. <a class="zem_slink" href="http://www.berkshirehathaway.com/" title="Warren Buffett" rel="homepage">Warren Buffett</a>, the most successful stock investor in the world, says that in the short term, the <a class="zem_slink" href="http://en.wikipedia.org/wiki/Stock_market" title="Stock market" rel="wikipedia">stock market</a> functions like a voting machine, but in the long term, it functions like a weighing machine. The good <a class="zem_slink" href="http://en.wikipedia.org/wiki/Company" title="Company" rel="wikipedia">companies</a> <i>will</i> come out on top. So, what are you going to look at, arbitrary patterns or whether the company itself is a good or a bad one?<br /><br />These two approaches can also be found in <a class="zem_slink" href="http://en.wikipedia.org/wiki/Real_estate" title="Real estate" rel="wikipedia">real estate</a>; anyone in commercial property management can focus on the fundamentals or the trends. What are the fundamentals in real estate? The fundamentals consist of geographic location (proximity to highways, major cities, etc.), the <a class="zem_slink" href="http://en.wikipedia.org/wiki/School_district" title="School district" rel="wikipedia">school district</a> (if the property is a home or apartment), the <a class="zem_slink" href="http://en.wikipedia.org/wiki/Construction" title="Construction" rel="wikipedia">construction</a> material of the home (brick, stucco, or wood), the number of bedrooms and bathrooms, whether the house has a basement or not, and many others. Or, the investor can focus on the prices of the building over the years. The prices of the property prove nothing, as the patterns are again arbitrary, and predicting the future is impossible. You may have guessed correctly, but nobody has a crystal ball. Instead, focus on the <i>real</i> things that make up the investment, the fundamentals.<br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a><br /><br /><div style="margin-top: 10px; height: 15px;" class="zemanta-pixie"><img style="border: medium none ; float: right;" class="zemanta-pixie-img" alt="" src="http://img.zemanta.com/pixy.gif?x-id=5edfa0b5-5df7-40f7-bd06-c90f30f00457"><span class="zem-script more-related pretty-attribution"><script type="text/javascript" src="http://static.zemanta.com/readside/loader.js" defer="defer"></script></span></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-34370360.post-26693991918297953062009-07-28T19:07:00.001-07:002009-07-28T19:07:29.030-07:00Commercial Real Estate Changes - Way to Save MoneyIn today's time of economic turmoil, <a class="zem_slink" href="http://en.wikipedia.org/wiki/Business" title="Business" rel="wikipedia">business</a> owners must begin to reexamine every aspect of their business. Savvy business people are going over their inventory and staffing needs, making cuts where they can and reinvesting their limited funds wisely.<br /><br />However, for many business owners, the one expense they tend to overlook may in fact be the expense that could be costing them the most money: <a class="zem_slink" href="http://en.wikipedia.org/wiki/Real_estate" title="Real estate" rel="wikipedia">real estate</a>. If your current piece of <a class="zem_slink" href="http://www.wikinvest.com/industry/Commercial_Real_Estate" title="Commercial Real Estate" rel="wikinvest">commercial</a> real estate is not servicing your needs, it may be time to look into purchasing a new property for your business.<br /><br />There are a number of practical considerations to make when deciding if you should purchase a new piece of commercial real estate. While cost is a primary consideration, it cannot be the only consideration.<br /><br />While some property may have a seemingly high purchase price, the benefits of the property in the long term may more than make up for the initial cost. The first step in this process is to weigh your current piece of commercial land against the benefits and costs of choosing a different piece of property.<br /><br />For instance, the location of your commercial real estate could be in a high traffic area. This can come in handy when considering your <a class="zem_slink" href="http://en.wikipedia.org/wiki/Advertising" title="Advertising" rel="wikipedia">advertising</a> budget, since a sign on the <a class="zem_slink" href="http://en.wikipedia.org/wiki/Building" title="Building" rel="wikipedia">building</a> can essentially create a free, ongoing <a class="zem_slink" href="http://en.wikipedia.org/wiki/Billboard" title="Billboard" rel="wikipedia">billboard</a> advertising your business.<br /><br />This kind of free advertising can be invaluable as time goes by for any sort of local business. You may also look for commercial property next to existing businesses with similar customers. This could be a great way to work with your neighbors to create a one stop shopping experience. That sort of foot traffic and the potential for <a class="zem_slink" href="http://en.wikipedia.org/wiki/Shopping" title="Shopping" rel="wikipedia">window shopping</a> could be just as valuable as a billboard or <a class="zem_slink" href="http://www.wikinvest.com/industry/Newspapers" title="Newspapers" rel="wikinvest">newspaper</a> advertisement.<br /><br />Next, you should consider the actual structure you are currently in and compare that to other locations in your area. Today, many pieces of real estate offer built in <a class="zem_slink" href="http://en.wikipedia.org/wiki/Internet" title="Internet" rel="wikipedia">Internet</a> lines, which may be a huge upgrade from your current location. Furthermore, modern buildings may offer 'green', energy efficient designs that will save you money as time goes by.<br /><br />Finally, it may be time to judge how your current piece of real estate helps you in regards to efficiency. Does your current space fit your needs while leaving you room to grow in the future? Can your workers perform to the fullest in your current space?<br /><br />An improperly designed commercial space can lead to an inefficient business. If your business relies heavily on shipping, it may help your overall business to find a piece or property closer to major shipping centers and traffic routes.<br /><br />If you decide that your current piece of real estate is costing you and your business money, you should definitely consider finding a new home for you business. The first step is to find an experienced commercial real estate <a class="zem_slink" href="http://en.wikipedia.org/wiki/Real_estate_broker" title="Real estate broker" rel="wikipedia">agent</a> in your area. They will be able to help you gauge your needs and find property that will help your bottom line.<br /><a href="http://8b769oqwig6qfm4z66ycih7q4w.hop.clickbank.net/" target="_top">Bad Credit? No Credit? No Problem! Guaranteed Approval Loans Are Available!</a><br /><br /><div style="margin-top: 10px; height: 15px;" class="zemanta-pixie"><img style="border: medium none ; float: right;" class="zemanta-pixie-img" alt="" src="http://img.zemanta.com/pixy.gif?x-id=2af40793-49d4-4c9e-ab4a-a6c7b50849c7"><span class="zem-script more-related pretty-attribution"><script type="text/javascript" src="http://static.zemanta.com/readside/loader.js" defer="defer"></script></span></div>Unknownnoreply@blogger.com0