Tag Archives: foreclosure
BUY NOW! Part IV – Supply and Demand & Real Estate Investors
Foreclosure is the name of the game on a couple of levels. First, these are the deals that are attractive to investors because they can get homes at a deep discount. Second, it is the presence of these deals that keep the total market low into the future, which keeps them from reaping the reward from selling the properties.
This is the tricky part – both of the following statements are true…
Full StoryNeed a Reason to Make Your Payments? How about – It’s YOUR Mortgage!
The article I’m referrencing from the Wall Street Journal today is by Peter Eavis and shows a chart with a straight line increase in foreclosures from 2006 through the end of the the 3rd quarter, 2009. The percentage of mortgage holders that are 90 days past due is rising at a scary pace – now over 8%! The scary part of that number is not the number but the current direction…
Full StoryMaking Homes Affordable (MHA) FAQs
Since March of this year, qualified homeowners have been able to renegotiate the terms of their mortgages through the Making Homes Affordable plan (MHA), a federally-subsidized program designed to check the foreclosure freefall by…
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