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Boom of Homes for Rent in Foreclosure Market

foreclosures

After the big real estate bust in Phoenix, Arizona, there is a new trend-owners turned renters.

With this desert city enduring one of the largest declines in housing prices for any urban area since the Depression, there is a continuous stream of foreclosures to choose from. On some days, hundreds of foreclosed homes are offered for sale at auctions that take place on the... Read More

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Avoid Foreclosure Gurus and "We Buy Houses"

Foreclosures in many parts of the country are at near-record levels, and recent declines in both property values and employment mean that more homeowners will land in foreclosure this year.

Many people are left wondering either how to buy a foreclosed property or how to get help if they’re facing foreclosure.

There are so many radio ads, infomercials, seminars and even... Read More

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Apartments For Rent and Homes For Rent Scams

apartments for rent

As you can imagine, in this tight economy, low-priced rentals are in even more demand than usual.

The Federal Trade Commission, the nation's consumer watchdog, is warning that people looking for apartments or houses to rent are the target of a nasty scam. The scammers advertise inexpensive, but nonexistent apartments for rent and homes for rent to attempt to get people to... Read More

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Short Sale vs. Foreclosure

A short sale occurs when the proceeds of a real estate sale are insufficient to cover the mortgage or balance owned on the property. In a short sale, the bank agrees to take less than what is owed to them due to an economic or financial hardship on the part of the borrower.

This negotiation can take a long time to accomplish. In many cases it takes months to negotiate a... Read More

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Free Counseling Service for Home Foreclosure


home foreclosure

Q: Are there any free housing counseling services available to homeowners who are struggling on the verge of home foreclosure?

A: Yes. The U.S. Department of Housing and Urban Development (HUD) web site provides a directory of HUD-approved housing counseling agencies. You can also call (800) 569-4287 or TDD (800) 877-8339 for the housing counseling agency nearest you,... Read More
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Affordable Mobile Home Foreclosures

Many people dream of owning their own home, but with the high prices of real estate today, it is just too expensive. Homes have doubled and tripled in price in the past few years, so more and more people are buying mobile homes. Mobile home foreclosures are a definite possibility for a more inexpensive home on today’s market.

You can get just about anything you want in a... Read More

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Clever Ads In Real Estate Market News

Here is some humor for the elsewise very serious real estate market news. These are award winning ads.

billboard1 When you stumble across an ad as well executed as this one, it’s easy to just start passing out platinum nominations. And, here’s another fun fact for you: smiling releases endorphins that make you feel better.


billboard6_1-1108

These two dedicated real estate agents probably didn't mean for... Read More

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Buying Time For Home Foreclosure

NBC Nightly News reports on a Rhode Island lawyer who says he's helped 100% of his clients avoid having their homes repossessed. He says he calls his practice "foreclosure stoppage" or "produce the note."

Here's how it works: When you get a mortgage, you sign a promissory note. As... Read More

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Calofornis Home Foreclosures to go up Again

buying home foreclosure

More Californians are failing to make their mortgage payments than at any time in the last 20 years, but fewer of them are losing their homes, according to new figures.

The drop in foreclosures follows moratoriums adopted by major banks and mortgage giants Fannie Mae and Freddie Mac. The increase in loan defaults, meanwhile, suggests that rising unemployment and the... Read More

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