Archive for 'Foreclosures'
Rising Foreclosures: Is the Recession Really Over?
When you consider the real estate market at present, it is true that on average home sales are rising, however, those rises are in particular markets and particular areas. Foreclosures are still up seven percent in July over June and government stimulus dollars has yet to assist many of the home owners who’re unable to pay their mortgages.
Full StoryREO Properties for Sale – What’s the Benefit?
First of all, many of these REO properties have been sitting vacant for quite some time, and they may be in somewhat of a dilapidated condition. Most times, the lending institution is going to put a little bit of money into fixing up the home and getting it in a sellable condition. It is often a good idea, however, that you do your own inspection of any of these REO properties for sale in order to make sure that there is nothing hiding underneath the surface.
Full StoryHow to Find Repo Houses Early
When a homeowner is unable to pay their mortgage for one or more months, they will be in default on that mortgage. The number of months that an individual is allowed to be in default may vary from state to state and some lending institutions may also have their own guidelines. Eventually, however, the home is going to go into foreclosure and they will no longer be able to keep it. When this takes place, the bank will try to recoup their money by taking the property to auction and selling it to the highest bidder. At the time that the foreclosure occurs, it becomes a matter of public record and is searchable by anyone.
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