Strategic foreclosure is a term that’s causing controversy amongst nearly everyone. The majority of people that attempt this method can afford to pay their loan installment, but instead choose to stop payments. Their goal is to force banks to foreclose on the property, modify the loan, or enter into a short sale agreement. The tides [...]
ByKarim El Sheikh Foreclosure investing can be a canny way for you to buy property and make a tidy profit when reselling. It is also a great way to buy a home under market value. But keep in mind that although the property and home may be foreclosed, there may be external structures that are [...]
Foreclosure Mortgages Is it Something To Be Worried About?This nation, the greatest nation on earth is facing a countrywide foreclosure melt down. Citizens from boarder to boarder and coast to coast are facing the threat of foreclosure, or going through foreclosure process.That means that one out of 194 households was a part of the mortgage [...]
Would you like to make a profit from a house that has been foreclosed or forgotten? You may want to make money with houses that are or have been in foreclosure. Whether you are looking for a home or something you can renovate and sell, you could get a good deal by working with any [...]
The North Carolina legislature has enacted new legislation to help homeowners with subprime loans avoid foreclosure. If a homeowner with a subprime loan defaults on his loan, the lender is now required to send to the homeowner a Pre-Foreclosure Notice at least 45 days prior to filing the Notice of Foreclosure Hearing. The Pre-Foreclosure Notice [...]
The U.S. economy recession has resulted in the most foreclosures than ever experienced by any other generation of Americans. Yet as to be expected, this challenge has given rise to a great unexpected opportunity for savvy real estate investors.
“We buy homes for cash” – Everyone has seen those small signs around neighborhoods. There’s a reason why there are so many: It’s because they work. Direct mail works, too.
Who is there to Help Those Who are Called to Provide service? I work at a Foreclosure Defense Law Firm which happens to also engage in the practice of Loan Modifications. I am not an lawyer nor am I here to provide or imply legal advice. The Loan Mod & Foreclosure Defense business has gotten a bad rap due to some bad apples in the bunch but there are some of us who actually care about what we do.
After the Foreclosure Hearing in which the Clerk of Superior Court approves the sale of the property being foreclosed, the Trustee will hold a Foreclosure Sale at the county courthouse in which the property is located. At the Foreclosure Sale the Trustee invites offers to buy the property from those in attendance and then accepts [...]
While the rest of the economy is in shambles, and record numbers of foreclosures make headlines, real estate investors are earning thousands of dollars by buying and selling homes. How is it possible? It seems that real estate investors know a thing or two about systems, strategies, and styles of investing that the average homeowner does not. If you are a budding real estate investor and you’re looking to invest in homes but don’t know how, here are some of the basic strategies that investors are using.