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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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Locate Home Foreclosures For Free

Home foreclosure information is public domain. That means that real estate investors can access this information any time they want, nationwide, with a little perseverance. The problem is, the home foreclosure properties, investors are really looking for, are not that easy to find or compare to one another.

That is where Free Foreclosure Database can help you find... Read More with Video

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Can You Buy a Foreclosure Home?

home foreclosure

With good credit, many banks will loan the full price of the home foreclosure or more. If the home is to be used as a rental, many banks will require only a 10% down payment.

Individuals with a large amount of equity in another home may get a line of credit from their bank to purchase a home foreclosure. When they convert the line of credit to a mortgage, no down payment... Read More

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"Hidden" Home Foreclosures

home foreclosure

Not all home foreclosures are previously owned homes. Some foreclosed homes are new. These homes rarely appear on national lists and are more difficult to find. In some areas in this slow economy, many builders of new midscale and upscale homes areat the end of their construction-loan periods and have no buyers for their homes.

The banks that issued the construction loans... Read More

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Research Before Buying a Home Foreclosure


Many people are putting money in real estate, with interest rates at record lows and the stock market looking too tricky for small investors.

Home foreclosures and bargain residential real estate can be one of the best places to invest, but anyone considering buying a foreclosed home should forget about paying pennies on the dollar.

"You can buy foreclosures for as... Read More

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Home Foreclosures 101

For most consumers, however, the foreclosure process can prove daunting, Reed says. Good buys are available, but they require research, preparation, patience and persistence.

The foreclosure process starts when a property owner falls behind on mortgage payments. Many owners of homes that go into foreclosure have been struggling financially for almost a year before they give... Read More

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Odell Barnes, Home "Foreclosure King"

home foreclosure Odell Barnes on left with investor partner, Abner McWhorter

Odell Barnes is the man known to some as the home "Foreclosure King."

Barnes is on the front lines battlingthe nation's housing crisis. He's always bought houses in bulk from banks, but what's changed is that, in the last year, mortgage insurer Fannie Mae has begun dumping foreclosed homes on him. The... Read More

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Education Helps with Buying a Home, Home Selling and Avoiding Home Foreclosure

buying a home

There is no manual for buying a home and what is involved in home ownership. It’s up to you to learn about what you are getting yourself into.

New mortgage modification programs, foreclosure assistance and bankruptcy laws require home ownership counseling. When you get schooled on the issues of homeownership, the greater the chance you will continue as a homeowner, even when... Read More

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Don't Go It Alone in Purchasing Home Foreclosure Properties

real estate market

The home foreclosure market is reigned over by real estate professionals who specialize in this niche as a full-time job not an on the job training opportunity according to Bruce Hahn, president of the American Homeowners Foundation.

"Buying a home at a home foreclosure sale requires a lot of work and due diligence and is fraught with risks. You can end up spending a... Read More

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