Tag Archives: foreclosure auction

What Is REO?

I keep seeing that term used in real estate news. Here’s a news report noting that high foreclosure rates have not driven down home prices as much as would normally be expected: Three out of four regions saw increasing levels … Continue reading

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What Are The Consequences Of Defaulting On Your Mortgage?

Well, it will be a long time before you’ll be able to get another mortgage. Your credit score will take a significant hit for seven years. And other than that, you’re good to lead your life wiser and poorer. Here’s … Continue reading

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Get A Reverse Mortgage Or Sell Your House?

Reverse mortgages come with some stiff fees, so I understand why many experts recommend instead just selling your home outright and living somewhere else less expensively. The AARP is suing about reverses in the reverse mortgage business that have put … Continue reading

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Foreclosures Hit Record Highs In Orange County

We were waiting for the flood and now it is here. Banks are bringing thousands of foreclosed homes on to the open market, depressing prices. Meanwhile, the Federal Housing Administration is running out of money but delaying an audit. How … Continue reading

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