Found 4 blog entries tagged as Foreclosures.

News gets better in the housing market as foreclosure filings dropped to over a three year low in April.  This is great as fewer home owners are losing their homes. It is said that the slowdown is coming from delays in processing foreclosure paperwork but optimists believe the end of the crisis may be near as inventory level reduces and sale numbers rise in many areas of the country.

The numbers don’t lie.  Foreclosure filings (notices of default, scheduled auctions, and bank repossessions) sank 34 percent from a year ago last month, making the lowest it’s been since December of 2007.  8.6 percent less homes were repossessed in April than in March and that’s a 32 percent drop from last September’s high point.

Hope of improvement is present; with the…

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We are in interesting economic times. You can’t turn on a national news network without hearing the talking heads go on about the economic downturn, soaring national debt and the unemployment rate. But the news is not all bad!

The housing market crash has caused real estate prices and mortgage rates to be at an all time low! Now is truly the time to look into purchasing a vacation home. There are plenty of beautiful vacation condos in the Orlando area selling for only $50 thousand. Luxury homes in gated resort communities have for sale signs in their lawns and price tags as low as $100 thousand.

The obvious reason to purchase a vacation home is to have a beautiful location to kick back and relax. But there’s actually more to the picture than this. Prices…

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Due to the turbulence in the recent economy, there are a few different types of real estate sales that one hears about frequently. When preparing to enter the real estate market, whether as a seller or a buyer, it is important to know the terms used, and the implications of each type of sale.

Short Sale Property


You often will hear the term “short sale”. A short sale is when the homeowner owes more on their mortgage than the home can sell for in today’s real estate market. There are a few ways this can happen. One way is when a homeowner takes out an equity loan (to pay off other bills) that amounts to greater than the home can sell for including closing costs.

Another way this could happen would be if the homeowner originally bought the home with what…

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For the first time in years, the number of people facing foreclosures is declining.  This means that the end of the crisis is in sight.  There is a long road back to stability ahead of us, but it does not look like things will get worse. 

This long road ahead is due to the fact that the housing values have dropped to roughly half of their peak.  These deeply discounted houses will put pressure on home prices for years to come.  Mike Larson, a real estate analyst with Weiss Research said, “Housing is on a path to recovery but it’s going to be a very long, gradual process.”

The good news is that it has begun to change.  The percentage of borrowers who missed just one payment on their home loans fell to 3.6 percent in the October-to-December quarter from 3.8…

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