Home foreclosures or foreclosed homes are homes that have been taken over by the lender when the homeowner defaults in paying back the availed mortgage loan amount. The number of foreclosed homes for sale has rapidly increased in the past couple of years. This is attributable to the buying pattern which depicts that the homeowners take mortgage loan to buy the property and their inability to pay back results in the property being foreclosed by...more
The Obama administration claimed that it is going to lend help to as much as 4 million homeowners to be able to make modifications to their loans. According to the Treasury Department, over 200,000 of these loan modifications are offered to date. This means that there are still millions waiting for their turn. This could also mean that if these trouble homeowners are not reached on time, more foreclosure news will be heard.Deborah Sherman is one...more
The Obama administration claimed that it is going to lend help to as much as 4 million homeowners to be able to make modifications to their loans. According to the Treasury Department, over 200,000 of these loan modifications are offered to date. This will just signify that millions of people are still hanging around for their turn. This could also mean that if these trouble homeowners are not reached on time, more foreclosure news will be heard.Deborah Sherman is one of those homeowners who are waiting for their turn on the loan modification. She applied for the government program in March 4, a day after it was announced.Since then, all she heard from Chase, her loan servicer, is: the process could take up to 90 days. Until now, she is still waiting.The experience of Sherman was also experienced by most other people. Back in June, the program started in a chaotically as a multitude of homeowners all across the country jammed phone lines, overwhelming the staff. Frustration among housing counselors and homeowners build up due to the delays and confusion about eligibility requirements.During the latest press briefing, President Obama expressed his frustration with the said...more
You have de-cluttered your house. You have clipped and mowed your lawn so well it could be on the front cover of Homes Beautiful magazine. You bought a cheery Welcome mat for your front door, inviting potential buyers in where they will see your home in "Buy Me" condition. But what about that lingering odor you can't smell, but others have...more
When you are looking to find a perfect place to settle down and raise your family, there are many great communities in Colorado that you should consider. You are sure to find a great luxury home among the numerous Littleton new homes. Looking for a house for sale in Littleton is easy and can be a whole lot of fun. The first thing to do when looking...more
When it comes to purchasing a suitable property, finding budget priced homes can be quite a tough challenge. But with a large number of foreclosures flooding the real estate market, prospective homebuyers can now choose from a wide range of properties which are available at highly affordable deals.Foreclosed homes comprise properties that have been repossessed by lending authorities such as banks and various mortgage houses, when the previous owners have been unable to repay their housing loans. As these houses are a liability to the lenders, they are resold to interested buyers at highly reduced prices which are usually 10-30% below their market value.While buying a foreclosed home is different from investing in other real estate ventures the task is not as difficult as it may seem. Listed below are step-by-step instructions to help interested buyers in purchasing a suitable house through foreclosures successfully:1.Set clear objectives Having a clear idea about your housing needs such as the preferred location, size and number of rooms as well as the price range of the property you desire is very essential in identifying suitable deals efficiently.2.Familiarize yourself with the...more
If you are a prospective home buyer looking for a home that can fit your modest budget without making you compromise on your housing requirements opting for bank foreclosures could be the ideal choice for you. With a wide range of houses available in...more
With thousands of foreclosure homes flooding the real estate market, investors and prospective homebuyers are increasingly turning towards foreclosures as a more profitable alternative. So if you are on the lookout for a suitable but budget priced...more
If you are thinking about buying foreclosed homes for sale, then you are planning to make a worthwhile investment as these are properties which are foreclosed as the owners could no longer afford it and thus defaulted in paying back the secured...more
Buying foreclosed homes is a wonderful investment option to buy a property where real estate is exorbitantly priced. Many people spend their entire lives living in rental accommodation and fail to buy a home due to financial constraints. Foreclosures...more
Foreclosure homes offer an opportunity to buy a good property at lower prices. This is an investment option which attracts not only the first time buyers but also many real estate investors as they know that this is an economically viable investment...more
It looks like the First Time Home Buyer Tax Credit may be sticking around a little longer than originally planned. There are still a few questions regarding amendments requested by the Senate Republicans, but if all can be smoothed over, the credit...more