Tag Archives: Foreclosure

Lowering Mortgage Rates Will Save Borrowers Billions

This study seems straight forward. Lower interest rates this year will save $11.5 billion for mortgage borrowers. More than two million borrowers have managed to lower their monthly payments. Americans are dramatically reducing their debts and upping their savings. From … Continue reading

Posted in Rates | Tagged , , , , , , , , , | Comments Off on Lowering Mortgage Rates Will Save Borrowers Billions

Assuming The Owner’s Home Loan

Here are some tips from the book Foreclosure Myths: Lenders may want you to assume the loan. Lenders don’t want to foreclose. They want to make loans, collect fees and collect payments. They don’t want to incur the time and … Continue reading

Posted in Foreclosure | Tagged , , , , , , , , , , | Comments Off on Assuming The Owner’s Home Loan

Real Estate Investing

From the book Foreclosure Myths: Foreclosure investing is no different from any other type of investing. In real estate investing, unless you plan to rent the property, your profit comes from the difference between the purchase price and the sale … Continue reading

Posted in Foreclosure | Tagged , , , , | Comments Off on Real Estate Investing

FDIC Mortgage Plan Gaining Favor

From the American Banker: The government is moving closer to implementing a plan to guarantee 2 million to 3 million at-risk mortgages in return for an agreement from lenders to engage in systematic loan modifications…. Overall, the plan is expected … Continue reading

Posted in Banks | Tagged , , , , | Comments Off on FDIC Mortgage Plan Gaining Favor

Defaults Down In CA

All the ingredients are in place for high rates of foreclosure. Adjustable rate mortgages will keep resetting at higher rates. Job losses will continue to rise. Banks and governments are realizing the damage done to real estate prices by high … Continue reading

Posted in California, Defaults, Foreclosure | Tagged , , , , , | Comments Off on Defaults Down In CA

Profiting From Foreclosures

From the New York Times: JACKSONVILLE, Fla. — The house on East 24th Street was the worst of the six that David Law and Trey McCallister worked on the other day here. Trash littered the front and back yards. Mortgage … Continue reading

Posted in Foreclosure | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Profiting From Foreclosures

How to Save Your Home From Foreclosure

Book Description An informative "how to book" for homeowners, college students, schools, real estate professionals, and the general public at large which points out various techniques and strategies on how to prevent the loss of their home to a creditor. … Continue reading

Posted in Books, Foreclosure | Tagged , , , , , , , , , , , , , , | Comments Off on How to Save Your Home From Foreclosure

Yes, You Can Get a Mortgage: Even If You’ve Had a Bankruptcy, Foreclosure, or Other Credit Issue

Tilson writes on Amazon.com: Wow !! This is a wonderful step by step book for getting a mortgage, EVEN if you have recently filed for bankruptcy. The book is written in very plain language and gives specific examples with illustrations … Continue reading

Posted in Books | Tagged , , , , , , , , , , , , , , , , , , | Comments Off on Yes, You Can Get a Mortgage: Even If You’ve Had a Bankruptcy, Foreclosure, or Other Credit Issue

Federal Mortgage Rescue Plan Puny

From the New York Times: WASHINGTON — Fewer than 2,000 homeowners at risk of foreclosure have been helped by a Federal Housing Administration program that President Bush promised would help homeowners who had fallen behind on their mortgage payments, federal … Continue reading

Posted in Politics | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Federal Mortgage Rescue Plan Puny

New York Suffers From Mortgage Crisis

Things are worse in California but they’re bad also in New York. Housing prices are down. Foreclosures are up. What else is new? Here’s a report: The mortgage crisis is hitting close to home. More local homeowners are now being … Continue reading

Posted in New York | Tagged , , , , , , , , , , , , , , | Comments Off on New York Suffers From Mortgage Crisis