No one can say the federal government did not make any effort to respond to the resulting foreclosure mess triggered by the collapse of the subprime mortgage industry. There is no need to enumerate the various programs, for the simple reason not a single one managed to ease the housing problems
Continue Reading: Foreclosure Crisis Is Here to Stay
The housing market today certainly looks a lot different with the considerable number of foreclosed properties for sale. Fortunately, there are plenty of buyers and investors who would like to take advantage of the affordability of these houses. The challenge among sellers and their realtors is to make sure their foreclosed property attracts most of the attention and the only way to do it is by fixing up the home
Continue Reading: The Art of Renovating Foreclosed Properties
During the housing meltdown, the federal government also suffered and ended up with almost 200,000 government foreclosures in their inventory. Since a significant percentage of mortgage loans are backed thru the government sponsored enterprises, Freddie Mac and Fannie Mae, this is not at all surprising. The said inventory is currently trying to be cleared out by the feds, who were even asking the public for advice on how to go about this. In any [...]
Continue Reading: Buying Government Foreclosed Homes
The housing market is certainly enjoying a reprieve from bad news. In the past days, there were numerous reports about improved market conditions, particularly in home prices, mortgage rates and shadow inventory. For most of you who have been following the situation in the industry, you might be asking yourself if such good news translate to a sustainable
Continue Reading: Does Improved Market Conditions Spell the End of the Foreclosure Crisis?
For most Americans, the collapse of the housing market created a grim picture of the future. Such picture might be influenced more by the negative aspects the foreclosure crisis has brought. It cannot be denied the decline in home prices, the exponential growth of the foreclosed property inventory and the sluggish home sales have all but doomed the future of the
Continue Reading: Housing Market: Life After Foreclosure Crisis
The foreclosure crisis has never been truly resolved — thanks to the many discoveries in the past couple of years which made it possible to look at the situation in its
Continue Reading: Foreclosure Crisis: Will the Blaming Stop?
The situation in the housing market is indeed grim. There is the enduring problem with the large inventory of foreclosure homes which creates instability in the market, driving home prices down and making many underwater on their mortgages. Of course, there is also the plight of millions of distressed borrowers who are trying their best to stay in their
Continue Reading: Still a Buyer’s Market, Thanks to Foreclosures
One of the real estate sectors much affected by the collapse of the subprime mortgage market is the home building industry. As more and more cheap foreclosed homes enter the market, the demand for newly-constructed homes has certainly dwindled as evident in the August home starts
Continue Reading: Home Construction Still Sluggish As Foreclosures Dominate Market
The housing market, in its current bleak state, is surprisingly brimming with many investment opportunities. If you are in the market for a home, there is no doubt you can find one without much trouble especially with the large selection of cheap distressed properties for
Continue Reading: Demand for Distressed Properties Rise
Looking at the present state of the housing industry will lead you to one conclusion — the US is suffering from one of the worst times in its history. Each day, Americans are hoping to wake up and hear news of a housing recovery but each day only brings frustration and
Continue Reading: Foreclosure Crisis Update: What Everyone Is Doing
Without a doubt, the housing market is overflowing with investment opportunities offered by foreclosed properties. Sold at just a fraction of their current market values, home buyers and real estate investors alike get to enjoy hefty savings, instant home equity and great return potential. There are so many ways you can profit from such investment
Continue Reading: Foreclosure Investing: Is It For You?
Most employees choose to live in suburban communities outside the cities they work in because of the high cost of living associated with city life. Of course, having to deal with traffic and the long hours of commute are just some of the consequences of living far away from
Continue Reading: A Foreclosed Home Can Lead to Suburban Bliss
Looking at most local real estate markets will give you an idea of what the trend is. At present, there are millions of foreclosed properties being sold nationwide and it is not at all surprising they are attracting much attention from buyers especially if you think about how much more affordable they are compared to other existing homes for
Continue Reading: The Latest Market Trend: Buying Foreclosed Homes
As evidenced by the increase in pending home sales for the month of June, according to a National Association of Realtors report , spring certainly brought a reason for the housing industry to believe that the worst might be finally over. Foreclosure and short sales also made up a considerable percentage of the total sales, which means that more and more home buyers and investors have finally started taking advantage of the savings benefits and [...]
Continue Reading: Foreclosure Buyers Help Local Business
In the wake of the foreclosure crisis, it is not only residential properties which are ending up repossessed. As the economy turned sluggish and consumer spending drops, the number of hotel owners, who are having a tough time paying off their mortgage obligations, is rising at an alarming rate. In fact, based on a report from the Atlas Hospitality Group, hotel foreclosures in California, one of the states hit hardest by the housing crisis, [...]
Continue Reading: Buying Opportunities Offered by Growing Hotel Foreclosures
Investing in real estate properties during these tough economic times has become challenging for most home buyers and investors. But even with the enduring housing crisis brought about by the mortgage mess, it cannot be denied it is a buyer’s market out
Continue Reading: Rise in Home Prices Encourages Foreclosed Homes Buying
The surest way to enjoy profit from your real estate investment is by finding the best deals. At present, the housing market is full to the hilt with foreclosed properties as a result of the foreclosure crisis. Although many consider this an unfortunate consequence of the mortgage mess, a growing number of investors and home buyers are glad for the profitable investment opportunities it
Continue Reading: Snagging A Deal on Foreclosed Properties
The latest CoreLogic report showed a 7.4 percent year over year decline in home prices for the month of May. Although declining home prices have contributed significantly to the housing crisis and market recovery, the federal government has also recognized the lack of employment opportunities as well as high unemployment rate as factors which make the housing situation
Continue Reading: Jobless Homeowners Receive Fresh Foreclosure Help from Feds
The condition of the US housing market is usually determined by a set of indicators, including average home prices, inventory of homes for sale and home sales activity. Since the foreclosure crisis erupted about 5 years ago, these market indicators were religiously tracked and referred to by those who would benefit from such information the most — the home buyers and
Continue Reading: Existing and Foreclosure Home Sales Activity Updates
During the last week of April, the Federal Housing Finance Agency (FHFA) has instructed government sponsored enterprises (GSE) Fannie Mae and Freddie Mac to align their servicing guidelines in order to standardize the servicing requirements and also the incentives and penalties. The said directive is believed to have been given in response to the enduring problems in the housing sector wherein the rising number of foreclosures has lead to an [...]
Continue Reading: Fannie Mae Releases New Rules for Servicers
