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Entries Tagged as 'Foreclosure News'

Government Suspends the FHA 90 Day Property Flipping Rule - Investors Avoid Seasoning Issues

June 15th, 2008 · 1 Comment

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Great News for property investors.. Your heard right!
In an attempt to lower the amount of homes on the market available for sale and assist in balancing out the heavy inventory of homes.. The White House temporarily suspends ruling that imposes a 90-day waiting period before foreclosed homes can be sold to receive [...]

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Tags: Foreclosure News

Real Estate Short Sales - Avoid Foreclosure Get A Mortgage Short Sale

June 6th, 2008 · No Comments

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If your home has been on the market for 90 days and havent sold while your payments keep falling further and further behind, if you are upside down in your mortgage and approaching foreclosure if you owe more than your home is worth and can no longer make the payments.. One option that [...]

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Tags: Foreclosure News · How To's · Members · Real Estate Investing · Stop Foreclosure Now

Massachusetts Foreclosure Laws

June 5th, 2008 · No Comments

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Massachusetts Foreclosure Laws
Massachusetts Foreclosure is Non-Judicial.
Massachusetts Foreclosure under power of sale; procedure; notice; form
Massachusetts foreclosure law states that the mortgagee or person having his estate in the land mortgaged, or a person authorized by the power of sale, or the attorney duly authorized by a writing under seal, or the legal guardian or [...]

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Tags: Foreclosure News · Uncategorized

Rhode Island Foreclosure Laws

June 5th, 2008 · No Comments

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Rhode Island Foreclosure Laws
Rhode Island Foreclosure is Non-Judicial.
Time Line/Non-Judicial (Statutory) Rhode Island Foreclosure
Day 1 Day 7 Day 38 Day 60 Day 70
Receive file; order title Receive title; mail FC ntcs First legal advertisement Sale held Record deed
If attorney prepares and mails demand/acceleration letter, the following time line will apply.
Day 1 Day [...]

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Tags: Foreclosure News · Uncategorized

Foreclosures jump 57 % in last 12 months

June 1st, 2008 · No Comments

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Home foreclosure filings surged 57 percent in the 12 month-period ended in March and bank repossessions soared 129 percent from a year ago, as homeowners struggled to make mortgage payments, real estate data firm…read more | digg story

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Tags: Foreclosure News · Uncategorized

The Foreclosure Process

April 8th, 2008 · 2 Comments

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The foreclosure process isn’t as mysterious as it may seem. Due to federal and state laws, lenders must follow a specific process in order to foreclose on a property. Understanding the process will help you find investment opportunities.
First, you’ll need to understand when a lender is allowed to foreclose. The process starts with [...]

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Tags: Foreclosure News

Second Mortgage Borrowers Struggle

April 1st, 2008 · No Comments

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Home owners with both first and second mortgages are finding it increasingly difficult to refinance.
Some of the nation’s largest lenders, including National City, that hold a second lien on a property are refusing to sign off on requests to refinance the first note.
National City in an internal memo on Feb. 18 said [...]

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Tags: Foreclosure News

More Banks Consider Short Sales

April 1st, 2008 · No Comments

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After about a year of dealing slowly and reluctantly with short sale offers, many banks are reconsidering, looking for solutions that will allow them to recoup debt in foreclosure situations.
Observers say that if the trend continues, it will reduce or eliminate the need for taxpayer bailouts.
The National Short Sale Center, which helps short [...]

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Tags: Foreclosure News · Real Estate Investing · Stop Foreclosure Now

Profit From The Subprime Meltdown in CT, MA, RI

March 28th, 2008 · 1 Comment

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Foreclosures are on the rise…
Let us show you how to profit from the subprime meltdown that is sweeping the nation. Contact us for more information on Foreclosure Properties in CT, MA, RI states and cities.
We can offer you many solutions to maximize and realize all of your real estate investing goals.
Our exclusive MA, CT, RI [...]

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Tags: Foreclosure News · Real Estate Investing