From the category archives:

Foreclosure Information

Foreclosure Inventory Turning Into Rentals?

The Federal Housing Finance Agency sent out a request for proposals on how to deal with the large amount of foreclosure inventory owned by Fannie Mae and Freddie Mac. They received over 4000 suggestions and many of them were quite viable with the idea of turning the more than 175,000 vacant homes into rentals one [...]

Read the full article →

Bank Repossessions Drop To A 44-Month Low

Foreclosure activity continues to concentrate over just a few states. According to foreclosure-tracker RealtyTrac, November’s foreclosure filings fell 3 percent as compared to October, and 14 percent from November 2010. “Foreclosure filing” is a catch-all term for the various “action steps” throughout the foreclosure process. The grouping comprises default notices, scheduled home auctions, and bank repossessions. [...]

Read the full article →

I only want to look at foreclosed houses…

Many buyers make that claim when they start looking for a house to buy; "I want a deal." Don't we all? Sometimes a foreclosure is a really good deal but the reality is that banks get a market analysis just like a regular seller and they price their home commensurate with the market. Many of [...]

Read the full article →

Annual Foreclosure Filings Down For 11th Straight Month

On an annual basis, foreclosure filings fell last month. As compared to August 2010, last month’s foreclosure filings dropped 33 percent. ”Foreclosure filing” is a catch-all term, comprising default notices; scheduled auctions; and bank repossessions. The study was published by foreclosure-tracking firm RealtyTrac and this month’s report reveals a slowing rate of foreclosure within each [...]

Read the full article →

How do we repair our credit after a foreclosure?

Q. Hi do you know of any programs or options to help people with foreclosures? We were not able to sell our home before we moved to Garland so we had to let it go. I have a credit repair guy working on removing it from my reports. Maybe rent to own? Please advise. A. [...]

Read the full article →

PRICE REDUCTION – Pre-Foreclosure in Forney

200 Bowie Street 3 beds, 2 full baths Home size: 1,646 sq ft Property Type: Residential, Residential / Single Family MLS Number: 11488942 Community: Area #35 Tract: Eastwood Pre-Foreclosure. Bring all offers! Open floorplan. Nice sized master bedroom and bath. What’s Your Walk Score?

Read the full article →

Before You Let Your Home Go Back to the Bank

Fannie Mae has launched a new website to help homeowners who are behind on their mortgage payments. The website, www.knowyouroptions.com has useful information and resources to help home owners avoid foreclosure. The goal is to help homeowners stay in their home, if that is what they choose or sell it. The main point to [...]

Read the full article →

FED Boss: Regulators Looking Into Foreclosure Mess

The government needs to step up and get this one right. The foreclosure problem is not going away any time soon; in fact, it will be around for several years. The incidents of wrongful foreclosure are vast. As one bank was taken over by another and that bank merged with yet another bank, paperwork [...]

Read the full article →

Facing Foreclosure? With Document Scandal, It’s Vital to Act

Facing foreclosure? With document scandal, it’s vital to act The foreclosure document scandal is a monumental mess. For financially distressed homeowners, being notified that their mortgage company is lowering the boom and seizing their home is now compounded by the question of whether the firm even has the right to foreclose. Allegations have arisen that [...]

Read the full article →

When Bad Financial Times Happen to Good People

I have recently tried to help several homeowners try to stay in their homes amidst trying financial times. Family A has been in their home for 20 years, they have raised their family there and lovingly maintained it. Recently a job loss and major medical problems fell on this family and they could no [...]

Read the full article →

← Previous Entries