Jan 30

Foreclosure Investing For Dummies

Foreclosure Investing For Dummies

Foreclosure Investing For Dummies

With the housing bubble of the past few years bursting and interest rates on the rise, there has been an upsurge in the number of foreclosures across the country, creating many opportunities for profit. But investing in real estate foreclosure[s?] can be a tough job, especially when a negative stigma is attached. How do you make money while preserving your morals and trust?

Foreclosure Investing For Dummies shows you how to invest in foreclosures ethically without being accused of stealing homes from “little old ladies.” This step-by-step guide helps you thoroughly research property, find the best opportunities, purchase foreclosures, and avoid misleading distressed homeowners. This book doesn’t promise quick profits through minimal work, but it will provide you with invaluable information to become a successful investor, including:

  • Identifying opportunities and understanding risks
  • Obtaining information, tools, support, and resources
  • Locating properties prior to foreclosure
  • Assisting homeowners through the foreclosure process
  • Acquiring properties below market value prior to the auction
  • Buying property at an auction, from lending institutions, and government agencies
  • Repairing, renovating, and selling or leasing property

This book provides tips and strategies for refinancing your property and maximizing your profits. It also gives you advice on how to assist homeowners, have them work with you, and common mistakes you should avoid. It’s time to go out and make the most of foreclosure investing, and with Foreclosure Investing For Dummies by your side, your hard work and devotion will bring tons of success!

List Price: $ 21.99

Price: $ 9.99

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Jan 29

Presumed start of housing recovery is welcome news

Presumed start of housing recovery is welcome news
A house off Doncaster Road in Easton recently was sold. Local Realtors are indicating the start of a housing market recovery, as prices are hitting what they believe to be bottom. The news is welcome throughout the Mid-Shore, as the distressed housing …
Read more on The Star Democrat

Low interest rates, KiwiSaver payouts boost property market
A property commentator says the market has "clearly turned a corner" after house sales broke through a key level last year. Alistair Helm, chief executive of industry website realestate.co.nz, says more than 61000 properties changed hands in 2011, …
Read more on Stuff.co.nz

2012 Massachusetts Real Estate Market Survey
Rather than run a standard metrics-based market forecast this year, I decided to survey a cross-section of Massachusetts real estate realtors and mortgage professionals to hear from them on the upcoming spring and the 2012 real estate market in its …
Read more on Patch.com (blog)

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Jan 29

House Foreclosure Prevention Strategies

Receiving notice of house foreclosure is a heart stopping experience. No one wants to lose their most valuable asset, but in order to prevent the bank from repossessing your home it is crucial to be proactive in contacting your mortgage lender.

Banks can stop house foreclosure proceedings if a payment plan can be worked out. This might include entering into a deferred payment agreement, forbearance plan, loan modification, or mortgage refinance.

Homeowners are aware of pending foreclosure long before a Lis Pendens is filed. Banks always issue a Notice of Default and give borrowers opportunity to rectify the situation before filing legal documents.

Borrowers should be proactive from the moment they realize they cannot remit a house payment.

Unfortunately, many people become frozen with fear and avoid contacting their bank’s loss mitigation department.

Loss mitigators are bank employees who specialize in helping borrowers struggling to maintain loan installments. These employees are often overworked, so making phone contact is sometimes challenging. However, homeowners must be persistent. If they leave several messages that go unanswered it is time to send a letter to the bank requesting a meeting.

Letters should be sent via certified mail with a return receipt request or via courier services. It is crucial to obtain verification the bank did receive the letter. Sometimes, a visit to the bank is required. It’s important to do whatever it takes to obtain a meeting, even if it means taking time off work.

Borrowers who have become delinquent with payments may find it beneficial to obtain housing counseling through the Department of Housing and Urban Development.

HUD provides complimentary counseling services and can help borrowers make contact with their lender.

Once contact is made, borrowers are assigned to a bank loss mitigator who will work with them throughout the process. Banks assess borrowers’ financial status to determine which home-saving solutions can be offered.

Decisions are based on previous payment history; number of delinquent payments; appraised property value; loan balance; and borrowers’ ability to make future payments.

Loan modification is one of the most common solutions. This strategy involves lowering interest rates or principal balances. Banks usually reduce interest, but some lenders will sometimes reduce principal amounts when borrowers owe considerably more than the appraised value.

One option for obtaining assistance with house foreclosure is Making Home Affordable. This program is sponsored by the U.S. government and can help borrowers obtain help in a more expedient fashion. Participating mortgage lenders are required by law to respond to borrowers request for foreclosure assistance within 30 days after filing their claim.

When borrowers cannot afford to stay in their home they may qualify for assistance under Making Home Affordable ‘Exit Gracefully’ program. Options include real estate short sales and deed in lieu of foreclosure. Qualified applicants can receive up to $ 3000 in relocation assistance money and walk away from their property without owing additional funds.

Real estate short sales involve selling the property for less than owed on the mortgage note. Deed in lieu of foreclosure requires borrowers to return their house to the bank. These options won’t stop house foreclosure, but can minimize financial consequences and give borrowers the opportunity to be released from mortgage obligations.

Simon Volkov is the author of “Short Sale Hardship Letter eBook Course” and an active California real estate investor. He has published an extensive house foreclosure article library covering topics of short sales, deed in lieu, loan modification, and mortgage refinance, along with tips for negotiating with bank loss mitigation at www.SimonVolkov.com.

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Jan 28

Repossession Reviews

Repossession

Repossession

John Tempest is offered a welcome job change. He is delighted: not only will the new position carry with it the chance of promotion, but it will also bring the opportunity for him and his family to escape suburban London for a better quality of life in the old Dorset village of Tip Hollow.

His wife Helen is subdued about the news. The move will mean uprooting her family from familiar surroundings and friends. But it is not only that. Despite its beauty, the remote village of Tip Hollow seems somehow desolate. And something about their future home – a large modern house on a recently developed estate – just does not feel right.

Helen’s unease increases when she learns that not only was the house repossessed from the previous owners, but that old Tip Hollow Hill is an ancient burial ground. Can houses actually feel and convey grief and sorrow? Did something tragic happen in the past that can seep into the walls? Even the odd behaviour of the family cat, Skittles, is disconcerting, so that Helen’s new home soon begins to fill her with dread…

In this chilling tale of psychic suspense Nicola Thorne explores both explicable and inexplicable events that threaten to tear a family apart.
John Tempest is offered a welcome job change. He is delighted: not only will the new position carry with it the chance of promotion, but it will also bring the opportunity for him and his family to escape suburban London for a better quality of life in the old Dorset village of Tip Hollow.

His wife Helen is subdued about the news. The move will mean uprooting her family from familiar surroundings and friends. But it is not only that. Despite its beauty, the remote village of Tip Hollow seems somehow desolate. And something about their future home – a large modern house on a recently developed estate – just does not feel right.

Helen’s unease increases when she learns that not only was the house repossessed from the previous owners, but that old Tip Hollow Hill is an ancient burial ground. Can houses actually feel and convey grief and sorrow? Did something tragic happen in the past that can seep into the walls? Even the odd behaviour of the family cat, Skittles, is disconcerting, so that Helen’s new home soon begins to fill her with dread…

In this chilling tale of psychic suspense Nicola Thorne explores both explicable and inexplicable events that threaten to tear a family apart.

Price:

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Jan 28

The Next US Housing Market Bailout

The Next US Housing Market Bailout
Why are housing prices falling when the number of houses on the market continues to decline? Usually, when supply shrinks, then prices rise, right? So, why isn't that happening now? The reason is that housing market never completely cleared, …
Read more on The Market Oracle

Expert likes Gingrich for improved housing market
While the housing market has stabilized, some believe it still faces significant challenges as government regulations have smothered the industry. One expert says Florida has been one of the hardest hit — and with the presidential primary just a few …
Read more on OneNewsNow

Florida Is the Nation's Housing Market
First, Florida was more or less "ground zero" for America's housing crisis: at the worst of it, average home prices declined there 40 percent or more off their peak. Second, the state is overrun by foreclosures: it currently has the highest rate of …
Read more on The Atlantic Cities

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Jan 27

How to Stop Foreclosure in a Week: The Quick and Easy Way To Save Your Home and Family Reviews

How to Stop Foreclosure in a Week: The Quick and Easy Way To Save Your Home and Family

How to Stop Foreclosure in a Week: The Quick and Easy Way To Save Your Home and Family

SPECIAL OFFER! First 100 copies only at this price. Buy now before the price rises very soon.

WHY CHOOSE THIS BOOK?

Part of a series with over a million sales, this book offers a simple, easy-to-follow action plan that will genuinely help you avoid stop foreclosure and save your home. Order now and you can foreclosure prevention help to save your home, your life and your future.

WHAT YOU GET…

This book offers you a proven strategy that you can implement today to get your creditors off your back and halt the foreclosure process dead – plus a formula for resolving your financial difficulties and turning your life around.

Losing your home is not just a financial disaster, it also has huge implications for you and your family. As well as all the legalities and financial worries, you will have to confront the embarrassment of being evicted from your own home. You may be facing:

* the trauma of being thrown out into the street by a court bailiff with all your possessions
* the humiliation of seeing your biggest asset and a whole lifetime of work and love sold under the hammer
* the pain of irreparable damage to your relationships
* the financial toll of severe damage to your credit rating that may prevent you from buying another home – or even a car – for many years to come

It’s an ugly picture…but this book provides you with a solution that works. So why is this product so different? Because it shows you how to take action that gets results. Download your copy today and tip the balance of power in your favor, discovering:

* the three magic words you can use to stop foreclosure in its tracks
* 7 simple, legal tactics you can use to kill the foreclosure process stone dead
* how to turn the tables on your lender and use the laws in your state to give you a huge advantage
* how to find find out who has the power to foreclose on your property (it probably isn’t who you think it is) and how you can stop them from proceeding (see Day 1)
* an easy way to force your lender to start the lengthy foreclosure process all over again…even if you are just days away from losing your home (see Day 2)
* how the way you spell your name could make it impossible for your lender to foreclose on your home

FORGET THE STRESS…

Imagine the relief you will feel a week from now when you throw off the shackles of foreclosure. Never again will you:

* be afraid to open the mail, in case you get another threatening letter from your lender
* worry about finding yourself out on the street, with nowhere to lay your head at night
* avoid answering the phone so that your creditors can’t pin you down
* face the public humiliation of a public auction of your home on your own property
* seeing your credit rating destroyed and your future prospects ruined

Let’s face it. You have everything on the line here. If you lose your home, the direct financial damage alone could run into hundreds of thousands of dollars. The further you get into the foreclosure process, the harder it is to reverse it. So whatever your position right now, it is very much in your interest to take action fast…real fast.

READERS’ REVIEWS:

“Wow…I can’t thank you enough! I thought there was no way we could save our home, but not we are back on the financial straight and narrow, and everything looks great for the future. Well done!”

Bob Carrington, Middlesex
“I just had to email you to say what a great job you have done in this book. I am sure that you will help many more people like me turn things around and get their lives back on track.”

Jan Feering, Washington

THIS BOOK COVERS: stop foreclosure, bank foreclosure, foreclosure laws, foreclosure help, foreclosure defense, avoid foreclosure, foreclosure prevention, foreclosure assistance, stopping foreclosure, prevent foreclosure, avoiding foreclosure, foreclosure consequences, bankruptcy and foreclosure, facing foreclosure, help with foreclosure

SPECIAL OFFER! First 100 copies only at this price. Buy now before the price rises very soon.

WHY CHOOSE THIS BOOK?

Part of a series with over a million sales, this book offers a simple, easy-to-follow action plan that will genuinely help you avoid stop foreclosure and save your home. Order now and you can foreclosure prevention help to save your home, your life and your future.

WHAT YOU GET…

This book offers you a proven strategy that you can implement today to get your creditors off your back and halt the foreclosure process dead – plus a formula for resolving your financial difficulties and turning your life around.

Losing your home is not just a financial disaster, it also has huge implications for you and your family. As well as all the legalities and financial worries, you will have to confront the embarrassment of being evicted from your own home. You may be facing:

* the trauma of being thrown out into the street by a court bailiff with all your possessions
* the humiliation of seeing your biggest asset and a whole lifetime of work and love sold under the hammer
* the pain of irreparable damage to your relationships
* the financial toll of severe damage to your credit rating that may prevent you from buying another home – or even a car – for many years to come

It’s an ugly picture…but this book provides you with a solution that works. So why is this product so different? Because it shows you how to take action that gets results. Download your copy today and tip the balance of power in your favor, discovering:

* the three magic words you can use to stop foreclosure in its tracks
* 7 simple, legal tactics you can use to kill the foreclosure process stone dead
* how to turn the tables on your lender and use the laws in your state to give you a huge advantage
* how to find find out who has the power to foreclose on your property (it probably isn’t who you think it is) and how you can stop them from proceeding (see Day 1)
* an easy way to force your lender to start the lengthy foreclosure process all over again…even if you are just days away from losing your home (see Day 2)
* how the way you spell your name could make it impossible for your lender to foreclose on your home

FORGET THE STRESS…

Imagine the relief you will feel a week from now when you throw off the shackles of foreclosure. Never again will you:

* be afraid to open the mail, in case you get another threatening letter from your lender
* worry about finding yourself out on the street, with nowhere to lay your head at night
* avoid answering the phone so that your creditors can’t pin you down
* face the public humiliation of a public auction of your home on your own property
* seeing your credit rating destroyed and your future prospects ruined

Let’s face it. You have everything on the line here. If you lose your home, the direct financial damage alone could run into hundreds of thousands of dollars. The further you get into the foreclosure process, the harder it is to reverse it. So whatever your position right now, it is very much in your interest to take action fast…real fast.

READERS’ REVIEWS:

“Wow…I can’t thank you enough! I thought there was no way we could save our home, but not we are back on the financial straight and narrow, and everything looks great for the future. Well done!”

Bob Carrington, Middlesex
“I just had to email you to say what a great job you have done in this book. I am sure that you will help many more people like me turn things around and get their lives back on track.”

Jan Feering, Washington

THIS BOOK COVERS: stop foreclosure, bank foreclosure, foreclosure laws, foreclosure help, foreclosure defense, avoid foreclosure, foreclosure prevention, foreclosure assistance, stopping foreclosure, prevent foreclosure, avoiding foreclosure, foreclosure consequences, bankruptcy and foreclosure, facing foreclosure, help with foreclosure

List Price: $ 9.99

Price:

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Jan 27

New EU law could trigger rise in house repossessions

New EU law could trigger rise in house repossessions
A clause in the draft European Mortgage Directive proposes that all home loans in the EU that are 90 days in arrears must be declared in default and an order for repossession issued. In the UK, current rules allow borrowers up to 180 days before …
Read more on CreditChoices.co.uk

Foreclosures cut home sale prices
In Georgia where nearly 34 percent of all house sales during the third quarter of 2011 were of foreclosed homes, the typical home in some stage of foreclosure or bank repossession sold for nearly 48 percent less than comparable homes not in foreclosure …
Read more on Chattanooga Times Free Press

First family to avail of debt deal will lose house but save home
GE Money, which no longer offers loans in this market, had got an order for repossession in the High Court and was about to repossess the house. The lender had given the family a loan of €240000 in 2006, in an offer which included the mortgage and …
Read more on Irish Independent

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Jan 26

Fixing the Housing Market: Financial Innovations for the Future (Wharton School Publishing–Milken Institute Series on Financial Innovations)

Fixing the Housing Market: Financial Innovations for the Future (Wharton School Publishing–Milken Institute Series on Financial Innovations)

Fixing the Housing Market: Financial Innovations for the Future (Wharton School Publishing--Milken Institute Series on Financial Innovations)

Ever since the ancient Greeks, financial innovation has enabled more people to purchase homes. Today is no different: in fact, responsible financial innovation is now the best tool available for “rebooting” crippled housing markets, improving their efficiency, and making housing more accessible to millions. In Fixing the Housing Market, three leading experts explain how, covering everything decision-makers should know about today’s housing and financial markets.

 

The authors first explain how innovative housing financial products, services and institutions evolved through the 19th century, World War I, the Great Depression, World War II, and beyond — culminating in the post-1970s era of securitization. Next, they assess housing finance systems in mature economies during and after the recent crisis, highlighting benefits and risks associated with each widely-used mortgage funding structure and product. They also carefully assess current housing finance structures in emerging economies such as Brazil, Russia, India, and China.

 

Building on these insights, the authors introduce transformative financial innovations that can facilitate a more stable and sustainable financing system for housing — providing better shelter for more people, helping the industry recover, and creating thousands of new jobs. Using these new tools, entrepreneurs, economic development specialists, and policymakers can develop practical strategies for bridging funding gaps — raising more capital for longer terms at lower cost.

List Price: $ 34.99

Price: $ 22.85

Housing Markets and the Economy: Risk, Regulation, and Policy

Housing Markets and the Economy: Risk, Regulation, and Policy

The timing of this volume could not be more opportune. Based on the work of Karl “Chip” Case, who is renowned for his scientific contributions to the economics of housing and public policy, chapters analyze risk in the housing market, the regulation of housing markets by government, and other issues in U.S. housing policy. The book investigates derivative markets; the role that
home equity insurance can play in reducing risk; the role that the regulation of government-sponsored enterprises has played in extending credit to home purchasers in low-income  neighborhoods; and the growth in the market for subprime mortgages. The impact of local zoning regulations on housing prices and new construction is also considered. This is a must read during a time of restructuring our nation’s system of housing finance.

List Price: $ 35.00

Price: $ 8.71

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Jan 25

Calif. lawmakers to Obama: Do more to solve foreclosure crisis

Calif. lawmakers to Obama: Do more to solve foreclosure crisis
By Michael Doyle WASHINGTON — Dissatisfied California lawmakers are pressing the Obama administration for more aggressive solutions to the foreclosure epidemic ailing the state. It could get very expensive. But the alternative, lawmakers warn, …
Read more on MiamiHerald.com

Manhattan Boutique Hotels Alex, Flatotel Face Foreclosure on Court Ruling
New York developers Simon Elias and Izak Senbahar may lose two boutique hotels in midtown Manhattan after a state judge cleared an investor group to proceed with foreclosure on the properties. Justice Joan Madden of state Supreme Court ruled Jan.
Read more on Bloomberg

SOTU 2012: Chief Foreclosure Deal Critic Tapped as National Mortgage Czar
In tapping Schneiderman, the Obama administration is bringing into the fold the chief critic of a proposed nationwide settlement between state attorneys general, federal officials and the nation's largest mortgage servicers over improper foreclosure …
Read more on International Business Times

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Jan 25

Creating Urgency in a Non-Urgent Housing Market Reviews

Creating Urgency in a Non-Urgent Housing Market

Creating Urgency in a Non-Urgent Housing Market

Urgency is the key component to a strong market, but in tough markets, new home sales counselors must create that urgency. Fortunately, Jason Forrest has the method for tapping into this high-powered emotional resource! Based on the principle that every new home buyer’s desire is to improve their life, Jason teaches you how to fulfill this powerful impulse in your customers. Learn how to create an atmosphere of excitement and immediacy, no matter the state of the market. Creating Urgency will revitalize your sales philosophy!

List Price: $ 13.95

Price: $ 9.41

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