Category: Uncategorized
Distressed House Listings Still Up, but Commercial Market Is Better
Although distressed house listings still pose a problem on the real estate market of Tulsa, Oklahoma, analysts have stated that the commercial real estate industry of the metro area is showing signs of recovery. According to them, although things are still way below healthy market levels, there have been improvements evident in the commercial property…
Sales of Repo Homes and Existing Dwellings Up in Florida
Sales of single family houses, including non-foreclosed and repo homes, have increased in Florida in February 2011 compared with one year ago. The increase in February marks the third month in a row that sales of existing dwellings have jumped in the region. Meanwhile, condominium unit sales also climbed during the month. According to data…
Listings of Distressed Properties and Unemployment Hit Colorado
Although listings of distressed properties in Colorado are not as high as in other U.S. states, economists stated that the region will still require a longer time than most to return to pre-crisis conditions. According to them, the economy of the region is much weaker than initially perceived as unemployment levels continue to rise in…
Nevada New Home Market Improves Despite Expansion of Repo Home Listing
Although the supply of distressed properties in Nevada as well as properties under repo home listing continues to edge out new houses, subdivision development projects are starting to emerge in the region. According to housing market analysts, subdivision developers and new home builders are seeing signs of improvement in the new home industry and are…
Auction Home Foreclosures Affect House Construction Activities
Home building permits issued in Connecticut during December 2010 declined by over 14% when compared with year-ago levels. Analysts have attributed the lack of activity in the sector to the huge supply of auction home foreclosures in the area. According to them, the bargained prices of foreclosed properties are taking a big chunk out of…
Understand the Way Foreclosure Works
The foreclosure procedure differs from one state to another. The legitimate process that is followed by the banks and mortgage lenders is known as the foreclosure process. This procedure is followed when the banks and the lenders repossess the property of the homeowners that are unable to make the payment for the mortgage loan. While…
Cancelling the Chapter 13 Bankruptcy
Chapter 13 bankruptcy helps those that are in debt to pay them off in a period of 3 – 5 years and become current in all their loans including their mortgage loan. Even though bankruptcy can hamper the credit report, this is one of the alternatives that can be used by the homeowners to save…
Refinancing The Home to Stop Foreclosure
Homeowners that are looking forward to stopping the foreclosure process can use mortgage loan refinancing. Prior to 2007, when the real estate market was booming, the lenders would foreclose homeowners that were past overdue on the mortgage loans. In the last 5 years, the scenario has completely reversed. Now the lenders wish to help the…
How to Make a Good Investment in Real Estate Through Foreclosures
Foreclosures are great for those that are looking for real estate investment. The investor can contact the buyer and get a profit on the investment that they have made. Foreclosure is bad for the house owners and can create problems for them in their financial future. Foreclosures are triggered by the lenders when the homeowners…
Learn Five Tips For Buying Foreclosed Homes
When you are in the mood to buy a home, you may instantly think of traditional routes of real estate. However, have you ever considered buying a foreclosed home? Doing so may mean that you are able to save thousands of dollars off the asking price. It’s a great way for you to either upgrade…