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Get Free Foreclosure Advice In Minutes
Get your free on-line foreclosure refinance quote and foreclosure help in minutes. Explore your options and compare ways to prevent foreclosure... more...

All About HUD Repo Homes
HUD repo homes are 1 to 4 unit houses acquired by the government due to a foreclosure process on a mortgage insured by FHA. When the owner fails to pay the FHA-insured mortgage, the lender will then foreclose the residential property. The US Department of Housing and Urban Development (HUD) will ... more...

Understanding the Different Types of Foreclosures
Foreclosure is the process where,after a buyer has failed to make the payments as agreed, the buyer is then served with a notice of default, After several months (2 to 4), the borrower is evicted and their home is placed for sale by either the conventional lender (the mortgage bank or mortgage ... more...

How to Determine Your Short Sale Offer
Here is a question I'm constantly being asked by my students and other real estate investors. The answer to it is not an exact science. First let's identify some common used terminology. BPO (Broker Price Opinion): A generalized opinion or value of the property. These can be exterior and interior. ... more...

Why Buying a HUD Home Isn't Like It Used to Be?
Whatever happened to buying a HUD home as an affordable option? A little background would be helpful for those who aren't aware that a HUD home is a home that was purchased with an FHA loan that the Buyer/Borrower was no longer able to maintain the monthly payment on, and the Lender would use the ... more...

The Current Mortgage Crisis and Short Sales
In the past two years I have focused my business on the listing and selling of distressed properties before they were to fall into foreclosure. Through my experiences I have found the following changes since the crumble of the mortgage market began. Approximately 2 years ago I started listing and ... more...

House Flipping Laws: Are Real Estate Investors Guilty?
HUD believes that house flippers inflated prices and added laws to protect consumers . Flipping a house, or reselling a property quickly after purchasing, isn't illegal. Because so many house flippers committed mortgage fraud or used predatory lending practices, HUD, the U.S. Department of Housing ... more...

How To Avoid Foreclosure
The guidance below is applicable to homeowners with FHA Insured loans. While a good deal of this information may apply to all homeowners in danger of losing their homes, not all of the foreclosure avoidance tools mentioned may be available to you if you have a VA or conventional loan. Additionally, ... more...

Making Money In This Real Estate Investment Market
You hear about it everywhere! Every news program is talking about it. What is it? It's the so called "burst" of the real estate bubble. True, if you are an investor that doesn't know what he or she is doing, then you can lose your shirt. So what must you do to make money in this market even as a ... more...

VA Foreclosures Bargain Homes
VA foreclosures are an excellent source of bargain homes for both investors and home buyers. VA home for sale is the result of a foreclosed government guaranteed veteran loan. There are less VA foreclosed homes on the market than HUD homes because there are less VA guaranteed veteran loans than FHA ... more...

What Are Foreclosures?
Foreclosures are properties that have been repossessed, usually because the owner has gotten into some sort of financial trouble and is unable to pay their mortgage. When this happens, the lender has a number of options to start a process called foreclosure. While laws surrounding real estate ... more...

 

 

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