foreclosures (4)

Archive for the ‘foreclosures’ Category

How To Save Money Buying Foreclosure Homes In Your State

Monday, October 1st, 2007

In an economically unstable condition, buying foreclosure homes will help you to save money as well as provide you a good real estate property. Foreclosure property is probably the only type of real estate investment that offers a good ROI. In the real estate market, the prices are soaring and buying a property might look like a distant dream. But if you have a dream then the foreclosure market has a property right for you and that also at an unbelievable price.

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US Foreclosures Rate Reached New Records

Wednesday, July 25th, 2007

Despite efforts to control the worsening foreclosures situation in the country, the number of foreclosure filings for the first half of 2007 reached an all-time record high. There were a total of 926,000 foreclosure filings, up by 56 percent when compared to last year. In the states of Florida and California, home prices dropped by more or less 25 percent while in Michigan and Ohio, thousands of people in the automotive industry lost their job, further fueling the high foreclosures rate.

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National Foreclosures Rate Drops in June, Will Surge Again

Monday, July 16th, 2007

When the June data for the national foreclosures rate came in, many were relieved since there was a drop in the number of foreclosure filings. Unfortunately, this relief may be short-lived. Many of the subprime loans taken out a couple of years ago are scheduled to reset this year, resulting to yet another surge in filings.

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Fannie Mae Foreclosures Basics

Tuesday, March 13th, 2007

As a first time buyer, you might be surprised that there are foreclosure properties in the possession of an institution named Fannie Mae. If you do not know it yet, Fannie Mae or the Federal National Mortgage Association is an actively-traded private company that provides mortgage assistance to all Americans all over the nation. They do not directly loan borrowers the money but they help by making sure that lending institutions have enough funds for the borrowers.

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