Posted in Foreclosure on Jun 2nd, 2010
Not looking so good for the US housing market, there are still a ton of foreclosures coming in the next few months.. It’s a bit like guessing how many pennies are in a gallon jug at the state fair, but housing analysts keep trying to count how many foreclosed homes banks and mortgage investors own. [...]
Posted in Finances, Foreclosure on May 4th, 2010
Great information, I have been looking for actual numbers on how your credit is affected. NEW YORK (CNNMoney.com) — If you’re delinquent on your mortgage, your credit score will suffer. Everyone knows that. The question is, by how much? Until recently, those answers were hard to come by. Credit bureaus were uncommunicative about expressing, in [...]
Posted in Foreclosure, Mortgages, Real Estate on Apr 1st, 2010
In Phoenix we have a Fix and Flip subgroup that meets the last Wednesday of every month. This is part of the AZREIA organization that I belong to, which is an amazing investor group that you have to be a part of. Send me a comment through the blog and I will give you more [...]
Posted in Foreclosure, Real Estate on Mar 11th, 2010
We are not out of this yet, there is still alot of opportunity to make money. ———————– While foreclosures in the U.S. were down 2 percent in February from January, Arizona posted a drop of nearly 21 percent. Still, Irvine, Calif.-based RealtyTrac puts the state in the No. 2 spot national behind only Nevada for [...]
Posted in Foreclosure on Jun 7th, 2009
People are going to keep losing homes throughout 2009 and into 2010. ***************** NEW YORK — The rate at which people are falling behind on their mortgage payments went up for the ninth straight quarter in the first three months of 2009, and is expected to keep rising through the end of the year, according [...]
Posted in Foreclosure on May 16th, 2009
They are trying to find a better way, they are going to pay companies that accept short sales. The catch is that is has to be listed with a realtor, but it doesn’t say if the realtor has to do the short sale, so a 3rd party can.. ************* WASHINGTON – The Obama administration unveiled [...]
Posted in Foreclosure, Mortgages on Apr 16th, 2009
On March 4, 2009, guidelines were released under President Barack Obama’s Making Home Affordable initiative, which is designed to help up to 9 million homeowners stay in their homes through refinanced mortgages or loan modifications. To qualify, you must: Owe between 80-105% of your mortgage. An analysis of Zillow Q4 Real Estate Market Reports shows [...]
Posted in Foreclosure, Real Estate on Mar 31st, 2009
Talk about an over-correction! Now is the time to invest, these low prices won’t be around forever. Housing prices in 20 major cities fell at record monthly and annual levels in January, and Phoenix has the dubious distinction of leading the declines, according to the Case-Shiller Home Price Index. The private report released Tuesday shows [...]
Posted in Foreclosure on Mar 25th, 2009
This is a current resolution they are working on, the ban all foreclosures. This would be very interesting, not sure how it helps anyone. Resolved, That it is the sense of the House of Representatives that– (1) the President of the United States should declare a national residential mortgage foreclosure emergency and, through such declaration, [...]
Posted in Foreclosure, Real Estate on Mar 23rd, 2009
Great article on three zip codes in the area and how they are faring the storm: When will the housing market hit bottom, and how long will it take to get there? The answer is clear: It depends on where you live. The Valley’s housing slump is really a collection of highly localized downturns, each [...]