Nationwide Foreclosure CenterNationwide Foreclosure CenterFacing foreclosure? We can stop it by negotiating with your lender? Looking for short-sales and foreclosures? Weve got them! Articles
Jingle Mail...here's my Keys!
2008-04-21 13:58:00 More homeowners mailing keys to lenders instead of payments Owing more than home is worth, recent buyers walk away by Catherine Reagor - Apr. 21, 2008 12:00 AMThe Arizona Republic Instead of mailing in their monthly mortgage payment, a growing number of homeowners are sending lenders their keys. As housing prices fall and rates on some mortgage loans rise, more homeowners are walking away from their homes, according to housing-market watchers. These typically are people who can afford their mortgage but don't want to pay on a loan that is more than their house is worth. They'll live with the stigma or credit ding from a foreclosure just to get out from under their loan. The growing trend, called "jingle mail," is pushing up foreclosures and alarming market watchers, particularly in metropolitan Phoenix, where home prices have dropped 18 percent in the past year. Foreclosures across metropolitan Phoenix climbed to a record 2,365 in March, according to the real-es... More About: Mail , Keys , Jingle
A Short Sale Scenario
2008-04-21 13:48:00 So...what's all the hype about short sales? And what exactly is a short sale? Here is a short sale scenario: Jim Smith bought a house a few years ago and paid $250,000 for the property. He obtained an adjustable rate mortgage and his interest rate at the time was 6%. Well...things have changed. It's two years later, Jims interest rate has risen to 9%, his taxes and insurance have increased...and now the bad news is Jim can no longer afford his home. And he needs to sell. Well...there's more bad news for Jim. The real estate market has declined and is in a slump...it is no longer a sellers market. And Jims house is no longer worth the $245,000 he owes on it. His home is only worth $200,000!! So, now what?? Well...this is where a short sale comes in. An investor (you?) makes an offer of below market value, say $160,000, and the bank "forgives" the balance. So now you've got a great bargain...a home for $160,000, that the seller paid $250,000 for a few years ago. G... More About: Sale , Scenario , Short
Government Auctions and Foreclosures
2008-04-21 13:47:00 You can make a ton of money by buying Government Surplus, Foreclosed Property, Seized or Repo'd Vehicles through the Government of Private Auctions .You can buy virtually anything at these acutions... FEMA trailers, homes and land, vehicles, electronics, jewelry...you name it. And we will show you EXACTLY how to buy GSA surplus, foreclosures, cars, etc. at up to 90% off - that is no joke, that is a fact. We'll give you access to our unparalleled database of over 2,000 federal, state, and local government agency auctions in your state / territory and on the Internet.GOVERNMENT SURPLUS, FORECLOSURES & REAL ESTATEThere are literally thousands of homes, mobile homes, and land being foreclosed and auctioned everyday by banks, the Federal Government Agencies, as well as State and Local municipalities. We're going to provide you with the absolute best resource for these auctions...and believe us, we know. We have scoured every list, every report, and hundreds of websites, and we ar... More About: Foreclosures
Secrets of Power Bidding
2008-04-21 13:46:00 The secret of power-bidding Bidding at a foreclosed real estate auction is not for the faint-hearted – but there are potentially fantastic profits to be made for those who go about this task in an organized and rational way. On the downside, you may not have been able to inspect the property and it certainly won’t come with a warranty but your mental guide price can be more than a shot in the dark, if you’ve done your homework. Here are some tips for success in the real estate auction game: First, it helps if you’ve already got some track record in real estate investment and you know the market place. It’s good if the house you’re bidding on is in a neighborhood that you know or have studied in some depth. Attend local open houses to get a better feel for the market and talk ‘innocently’ to the realtors about their views either on the locale or even the specific house you’re interested in. Second, the first auction you go to should definitely not be... More About: Power , Secrets
Use good judgement when purchasing foreclosures!
2008-04-21 13:45:00 Common sense and sound judgment make the most of foreclosures The mouthwatering prospect of reaping a huge profit on any investment sometimes makes people do crazy things – like buying a foreclosed home at a bargain price without ever seeing it or knowing anything about the owner or tenant. If you decide to move into this lucrative investment market it’s as well to remember that the person who currently owns the home (or previously owned it if it has been taken by the bank) probably isn’t very happy. Most foreclosures arise out of divorce or business failure....or in today's world, failure to make payments that have increased due to the type of mortgage origianlly applied for. While some accept the loss of their home, through their own default on payments, with dignity, others go crazy and may damage the house out of a sense of revenge against ‘the system’ and remove or sell kitchen and bathroom fitments. At the very least, owners about to be displaced are unlik... More About: Foreclosures , Good , Judgement
Work from Home! Needed Immediately..Short Sale Consultants
2008-04-21 13:43:00 Due to the extensive increase in national foreclosures, Freedom Foreclosure Prevention Services is presently looking for people who would be interested in working as a loss mitigation, or short sale, consultant. No experience needed, trainig provided. A record percentage of U.S. homeowners are facing foreclosure and many more are falling behind on monthly house payments. Foreclosures and mortgage delinquencies number in the millions. According to reports, consumer debt, foreclosures, bankruptcy filings and mortgage delinquencies are higher than at any other time in history. Families are losing their homes at record rates, and experts are predicting higher numbers this year. The only viable option for most of these homeowners is loss mitigation. Loss Mitigation is the art of helping delinquent homeowners, in or close to foreclosure, to save their home. How? By representing them and negotiating on their behalf with the lender; using government and non-government programs and regulat... More About: Home , Work , Sale , Short , Consultants
#1 Must-Have Tool for Foreclosure and Short Sale Investors
2008-04-21 13:42:00 The one thing that EVERY lender will ask for when submitting a short sale offer is the HUD- 1, and if you don't have it, or you don't have it filled out correctly, it is a guaranteed deal blower. The HUD-1 is ab absolute must have form, and if you've never filled on out, it can be a nghtmare. Trust me. It is a very complex document containing dozen of line items, dollar amounts, calculations, etc. All it takes is putting the wrong information in the wrong field one time, and you can blow your entire offer. So, we've partnered with a company that has created a web-based software tool that allows you to generate a HUD settlement statement online, on demand. Totally easy. An attorney will charge you $50-$100 to put together a HUD statement for you, but this program is only $27 a month. Just do one, and you've saved a ton of money. Another perk they offer is online coaching, in case you have any problems or questions. Chris Daigel, the owner/creator of EasyHUD normally charges... More About: Sale , Foreclosure , Tool , Investors , Short
The Ultimate Real Estate System
2008-04-21 13:41:00 If you know anything about real estate investing, you've heard of Robert Allen, author of two of the largest selling financial books in history; Nothing Down and Creating Wealth, both New York Times best sellers and read by millions of people in the past 20 years. He has now created a unique, easy to follow system for creating financial wealth through real estate...and this is a must read! It includes Step-by-Step Nothing Down techniques and Dynamic Strategies to Buy and Sell Real Estate . Plus, How To Make A Fortune With Real Estate Foreclosures and Flippers, and finally, Creating Wealth Without Risk - Tax Lien Certificates....plus $200 worth o bonus material! Do yourself a favor, and check this one out...it truly is an extraordinary offer. More About: System , Ultimate
Don't Buy the Deals...Assign Them!
2008-04-21 13:40:00 Here is a way to get started in real estate investing with literally no money down. Let's say you don't really have the cash (yet!) to buy these great deals that are popping up everywhere. Well, there's a way you can get around that. It's called assignment. You find the deal, tie it up with a sales contract that includes an assignment clause, and then assign it over the new buyer for a higher price. So, for example, ...you find a great fixer-upper in your neighborhood ...the seller is motivated and has to sell. He'll let it go for $150,000. You know the home is really worth $180,000. So, you write a contract for $150,000, and assign it to a new buyer for $180,000. You just made $30,000, and you never even had to "buy" the house. That's a simple scenario...you will want to learn more...Click Here!
Property Foreclosures-A Golden Opportunity
2008-04-21 13:39:00 Property foreclosures – a golden opportunity The housing market is in disarray. Some financial institutions are struggling to balance their books – and so are hundreds of thousands of homeowners, especially those who took on variable rate mortgages and are now seeing their monthly payments outstripping their incomes. Mortgage defaults are a fact of life. If people cannot make their repayments, they’re in default and, under the terms of the mortgage or trust deed, whoever granted the loan is usually entitled to get their money back by selling the house. This is what foreclosure is all about. It’s what happens when lenders decide to call in their home loans because the borrower has stopped paying and in the current climate, with foreclosures at a near record level, there has rarely been a better time to consider real estate investment as a pathway to substantial returns. The opportunity for investors is that, typically, lenders are only interested in recovering... More About: Foreclosures , Property , Opportunity , Golden
Can Credit be Repaired?
2008-02-13 03:00:00 Can Bad Credit be Repaired? Yes, it can. Despite the fervent proclamations of bureaucrats and credit bureaus everywhere, a simple fact remains: negative credit listings are deleted from peoples' credit reports by the thousands each and every day. A few years ago, an attorney from Lexington Law. visited with a regulatory agency for a casual conversation with two agents. The Agency's office, as a matter of course, believed the credit bureaus' claim that bad credit couldn't be deleted. The visiting Lexington attorney asked, "How many negative listings would you have to see deleted from consumer credit reports before you would believe that bad credit can be deleted: ten? fifty? a hundred? one thousand?" The agents responded with only blank stares. "How about 50,000 deleted listings, would that convince you?" continued the Lexington attorney. From his briefcase he pulled a stack of papers six inches high. "In these pages, we have listed the permanent d...
How does a Short Sale affect my credit?
2008-02-12 17:51:00 The changes tht occur in your credit rating can vary. If you have already missed a few payments, more than likely your credit score has already dropped. Having a bankruptcy or a foreclosure on your report is much worse than a short sale. A short sale will show as "Paid In Full - For Less". Depending on other items on your credit report, you could see as much as a 30-50 point drop due to the short sale. It could be as low as 10 points. It does not come close to the drop you can see when a foreclosure is recorded. That has been known to drop credit scores as much as 300 points! More About: Credit , Sale , Short
Foreclosure Assistance
2008-02-12 17:09:00 We offer assistance in Loan Modification, Short Sales, Short Refi's...whatever it takes to stop your foreclosure...we can do for you! We are a group of foreclosure and short sale specialists and we know this business! We negotiate on YOUR behalf, and represent YOUR best interest. Let's face it...lenders really don't care about your situation. They are not concerned with WHY you are in default...they don't care that your interest rate skyrocketed, or that you lost lost your job, or that your insurance and taxes have doubled, or that you experienced divorce, or an illness...believe me, they simply don't care. All that they know is that you are in default. And they are going to place you in foreclosure...faster than you think. Now, you can pick up the phone and try and get someone at your lending institution to listen to you, and to take pity on your situation, to consider a new arrangement with your loan, or to stop the foreclosure while you work out a new plan ...b... More About: Foreclosure
Project Lifeline
2008-02-12 14:07:00 Project Lifeline was announced today by the US Treasury Department and Housing Department. ...can it help the millions of homeowners in financial crisis? Can it help you? If you are a homeowner facing foreclosure and your mortgage is 90 days or more past due, Project Lifeline can suspend foreclosures for 30 days while lenders try to work out more affordable loans. The plan involves six of the largest mortgage lenders including Bank of America, Citigroup Inc., Countrywide Financial Corp., JP Morgan Chase & Co., Washington Mutual Inc. and Wells Fargo & Co. Home prices are continuing to fall nationwide, and more and more homeowners are finding themselves defaulting on their mortgage payments. Like many subprime borrowers, many homeowners with good credit have adjustable-rate mortgages. These homeowners have been making smaller payments over the past years, and now are experiencing a higher interest rate, and a higher monthly payment. Some borrowed against their rising eq... More About: Project
More Short Sale Info...
2008-01-27 15:02:00 The short answer to making big money When a house has been foreclosed – usually because the owner has fallen behind with mortgage payments by more than two or three months – the final outcome is often the sale of the building or property at public auction. That may or may not turn out to be a profitable conclusion for the investor – usually it is – but there’s a potentially more lucrative situation if the house can be ‘sold short’. What this means is that before an auction even takes place, the lender agrees you can buy the house for less than the outstanding loan. Let’s say a bank has made a $200,000 loan on a house; the owner has defaulted on payments and because of either the state of the market or the state of the house, it’s potential price tag is only that $200,000 or even less. So, you offer them $150,000 – and they accept! Why would they do that? Most likely because they know that if they hold out, they still won’t get the full amount and... More About: Info , Sale , Short
Foreclosure and Short Sale Terms
2008-01-27 14:49:00 Getting to terms with foreclosure In legal terms, a foreclosure is “the equitable proceeding in which a bank or other secured creditor sells or repossesses a parcel of real property (immovable property) due to the owner’s failure to comply with an agreement between the lender and borrower called ‘a mortgage’ or a ‘deed of trust’.”* Phew! What that means: You don’t pay your mortgage – the bank sells your house. But, of course, it ain’t as simple as that either, and if you’re interested in foreclosure investment, you need to know the different ways this can happen and how you can take advantage of them. For a start, there’s actually a phase known as pre-foreclosure, where the borrower has fallen behind with payments but has not yet reached the formal foreclosure stage (usually this happens after three payments have been missed). There is sufficient public information on people who are behind with their payments – notice of defaults at the County ... More About: Sale , Foreclosure , Terms , Short
Property Foreclosures-A Golden Opportunity
2008-01-27 14:39:00 Property foreclosures – a golden opportunity The housing market is in disarray. Some financial institutions are struggling to balance their books – and so are hundreds of thousands of homeowners, especially those who took on variable rate mortgages and are now seeing their monthly payments outstripping their incomes. Mortgage defaults are a fact of life. If people cannot make their repayments, they’re in default and, under the terms of the mortgage or trust deed, whoever granted the loan is usually entitled to get their money back by selling the house. This is what foreclosure is all about. It’s what happens when lenders decide to call in their home loans because the borrower has stopped paying and in the current climate, with foreclosures at a near record level, there has rarely been a better time to consider real estate investment as a pathway to substantial returns. The opportunity for investors is that, typically, lenders are only interested in recovering... More About: Foreclosures , Property , Opportunity , Golden
Don't Buy the Deals...Assign Them!
2008-01-22 04:03:00 Here is a way to get started in real estate investing with literally no money down. Let's say you don't really have the cash (yet!) to buy these great deals that are popping up everywhere. Well, there's a way you can get around that. It's called assignment. You find the deal, tie it up with a sales contract that includes an assignment clause, and then assign it over the new buyer for a higher price. So, for example, ...you find a great fixer-upper in your neighborhood ...the seller is motivated and has to sell. He'll let it go for $150,000. You know the home is really worth $180,000. So, you write a contract for $150,000, and assign it to a new buyer for $180,000. You just made $30,000, and you never even had to "buy" the house. That's a simple scenario...you will want to learn more...Click Here!
The Ultimate Real Estate System
2008-01-22 03:52:00 If you know anything about real estate investing, you've heard of Robert Allen, author of two of the largest selling financial books in history; Nothing Down and Creating Wealth, both New York Times best sellers and read by millions of people in the past 20 years. He has now created a unique, easy to follow system for creating financial wealth through real estate...and this is a must read! It includes Step-by-Step Nothing Down techniques and Dynamic Strategies to Buy and Sell Real Estate . Plus, How To Make A Fortune With Real Estate Foreclosures and Flippers, and finally, Creating Wealth Without Risk - Tax Lien Certificates....plus $200 worth o bonus material! Do yourself a favor, and check this one out...it truly is an extraordinary offer. More About: System , Ultimate
Stop Foreclosure! Let us Negotiate with your Lender!
2008-01-22 02:07:00 If you are one of the millions of homeowners nationwide facing foreclosure...we may have the answer. Foreclosure is something that many people think can never happen to them. The reality is it can happen to anyone, and is happening to millions right now. There are many reasons that may leave us facing foreclosure: Rising Interest Rates Changes in original loan Divorce Unemployment Personal Tragedy Health Problems Death of a Family Member Our nation is facing an all time high in foreclosures. But that doesn't mean there is nothing that can be done. We have helped hundreds of people, just like you, and are committed to assisting you with keeping you from foreclosure. The foreclosure experts will act on your behalf and negotiate with your lender. If your goal is to prevent forelosure and save your credit, ... we can help make it a reality. Contact us today! More About: Stop
Explanation of a Short Sale
2008-01-21 23:12:00 A Lesson in Short Sale s and Pre-foreclosures · Hollie Dustin, Short Sale Specialists, LLC. Short Sale and Loss Mitigation Specialist 941-296-7936 Thousands of homeowners are in default on their mortgages and facing foreclosure. What many do not realize is that there may be a way to prevent an actual foreclosure. This is called a short sale. A short sale occurs when you can no longer afford to pay your monthly payments, and the lender allows you to be released from the loan, forgiving or cancelling the balance owed. Why would a lender accept a short sale? A short sale has a better return on investment to the lender than a foreclosure. The average savings a lender might see from a short sale vs. a foreclosure is $14,000. They are able to cash out of the loan faster than a foreclosure process. Plus they do not have the legal fees that are normally attached to a foreclosure. As a homeowner, why would I choose to attempt a short sale? Le...
#1 Must-Have Tool for Foreclosure and Short Sale Investors
2008-01-21 19:27:00 The one thing that EVERY lender will ask for when submitting a short sale offer is the HUD- 1, and if you don't have it, or you don't have it filled out correctly, it is a guaranteed deal blower. The HUD-1 is ab absolute must have form, and if you've never filled on out, it can be a nghtmare. Trust me. It is a very complex document containing dozen of line items, dollar amounts, calculations, etc. All it takes is putting the wrong information in the wrong field one time, and you can blow your entire offer. So, we've partnered with a company that has created a web-based software tool that allows you to generate a HUD settlement statement online, on demand. Totally easy. An attorney will charge you $50-$100 to put together a HUD statement for you, but this program is only $27 a month. Just do one, and you've saved a ton of money. Another perk they offer is online coaching, in case you have any problems or questions. Chris Daigel, the owner/creator of EasyHUD normally charges... More About: Sale , Foreclosure , Tool , Investors , Short
Secrets of Power Bidding
2008-01-18 15:09:00 The secret of power-bidding Bidding at a foreclosed real estate auction is not for the faint-hearted – but there are potentially fantastic profits to be made for those who go about this task in an organized and rational way. On the downside, you may not have been able to inspect the property and it certainly won’t come with a warranty but your mental guide price can be more than a shot in the dark, if you’ve done your homework. Here are some tips for success in the real estate auction game: First, it helps if you’ve already got some track record in real estate investment and you know the market place. It’s good if the house you’re bidding on is in a neighborhood that you know or have studied in some depth. Attend local open houses to get a better feel for the market and talk ‘innocently’ to the realtors about their views either on the locale or even the specific house you’re interested in. Second, the first auction you go to should definitely not be... More About: Power , Secrets
Use good judgement when purchasing foreclosures!
2007-08-27 14:53:00 Common sense and sound judgment make the most of foreclosures The mouthwatering prospect of reaping a huge profit on any investment sometimes makes people do crazy things – like buying a foreclosed home at a bargain price without ever seeing it or knowing anything about the owner or tenant. If you decide to move into this lucrative investment market it’s as well to remember that the person who currently owns the home (or previously owned it if it has been taken by the bank) probably isn’t very happy. Most foreclosures arise out of divorce or business failure....or in today's world, failure to make payments that have increased due to the type of mortgage origianlly applied for. While some accept the loss of their home, through their own default on payments, with dignity, others go crazy and may damage the house out of a sense of revenge against ‘the system’ and remove or sell kitchen and bathroom fitments. At the very least, owners about to be displac... More About: Foreclosures , Good , Judgement
Government Auctions and Foreclosures
2007-08-23 03:47:00 You can make a ton of money by buying Government Surplus, Foreclosed Property, Seized or Repo'd Vehicles through the Government of Private Auctions .You can buy virtually anything at these acutions... FEMA trailers, homes and land, vehicles, electronics, jewelry...you name it. And we will show you EXACTLY how to buy GSA surplus, foreclosures, cars, etc. at up to 90% off - that is no joke, that is a fact. We'll give you access to our unparalleled database of over 2,000 federal, state, and local government agency auctions in your state / territory and on the Internet.GOVERNMENT SURPLUS, FORECLOSURES & REAL ESTATEThere are literally thousands of homes, mobile homes, and land being foreclosed and auctioned everyday by banks, the Federal Government Agencies, as well as State and Local municipalities. We're going to provide you with the absolute best resource for these auctions...and believe us, we know. We have scoured every list, every report, and hundreds of websites, and we ar... More About: Foreclosures
Get in on Short Sales Now!!
2007-08-22 20:57:00 So...what's all the hype about short sales? And what exactly is a short sale? Here is a short sale scenario: Jim Smith bought a house a few years ago and paid $250,000 for the property. He obtained an adjustable rate mortgage and his interest rate at the time was 6%. Well...things have changed. It's two years later, Jims interest rate has risen to 9%, his taxes and insurance have increased...and now the bad news is Jim can no longer afford his home. And he needs to sell. Well...there's more bad news for Jim. The real estate market has declined and is in a slump...it is no longer a sellers market. And Jims house is no longer worth the $245,000 he owes on it. His home is only worth $200,000!! So, now what?? Well...this is where a short sale comes in. An investor (you?) makes an offer of below market value, say $160,000, and the bank "forgives" the balance. So now you've got a great bargain...a home for $160,000, that the seller paid $250,000 for a few years ago. G... More About: Sales , Short |
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