The Sad Truth about Foreclosure
Wednesday, March 24
Neither homeowners nor their lenders benefit from foreclosure. However, it has become all too common in today’s difficult economic climate. Foreclosure is much more than just a business transaction; foreclosure has social consequences as well. It affects the financial lives of the homeowne...
Ways to Stop the Unpleasant Foreclosed Homes
Monday, March 22
Foreclosed homes are never a pleasant concept. Depending on the circumstances, there may be no way to avoid the foreclosure process. However, in some cases, there are ways to avoid it and, in every case, it is worth the effort to try. The best way is either to refinance the house, or to mod...
Renovating a Foreclosed Property
Friday, March 19
Buying a foreclosed property can be lucrative, but you need to be sure of the condition of the house before you buy it. During the foreclosure process, it is unlikely that the homeowner would have kept up the maintenance. In addition, the property may have been further neglected while it ...
Are Foreclosures an Omen of Even more Problems?
Thursday, March 18
Despite some reports that suggest the housing crisis may be bottoming out, foreclosures to date just represent the “tip of the iceberg,” according to real estate analysts. Many experts feel that numbers that indicate the appearance of rising home prices and fewer foreclosure auctions are...
Avoiding Foreclosure – Control Your Finances
Wednesday, March 17
There are many reasons why you may about to be in the middle of foreclosure proceedings. Job loss, divorce or sudden medical bills are but a few of them. You may have originally received a very low (and temporary) interest rate on your mortgage, which is now so much higher that you can’t ...
The Hidden Costs of Foreclosures
Monday, March 15
Purchasing foreclosed homes can yield great returns. However, there are many potentially hidden costs that you normally don’t worry about when making a traditional real estate purchase. Ignoring these issues can turn a great deal into a loss for the unsuspecting buyer. If you don’t have prev...