Archive for the ‘Foreclosures’ Category

Lis Pendens Slowed Down in Seven Counties

October 5th, 2009 admin No Comments »

The filing of lis pendens slowed down in seven of eight counties surveyed by real estate research firm Default Research Inc. in August.

Lis pendens is a written document notifying the property owner and the court that the property owner has failed to make payments within a certain period. It is the first stage of the foreclosure process in judicial foreclosure states. It is called notice of default in non-judicial foreclosure states.

The lis pendens document includes a legal description of the targeted property and also involves the property in the lawsuit.

In some publications, lis pendens is also called pre-foreclosure because it precedes foreclosure.

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Tags: Counties, Lis Pendens, Lis Pendens Slowed, Pendens Slowed

Florida Foreclosure Homes Make State a Buyer’s Market

October 1st, 2009 admin No Comments »

Florida foreclosure homes have wreaked havoc on the lives of thousands of homeowners and bring devastation to neighborhoods. The increase in the number of foreclosure properties pushed down home prices and values, there by allowing those who have dreamt of owning a house a chance to buy one.

In Daytona Beach, cheap foreclosure properties have made the area a buyer’s market. According to industry experts, home values in Daytona have never been this low before, thus attracting many potential homebuyers who, during the peak of the housing market, could not afford to buy one.

Last month, home sales in Daytona rose by 20 percent compared with August the previous year. But home prices took a different direction, dropping by almost 19 percent. T

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Tags: Florida Foreclosure, Florida Foreclosure Homes, Foreclosure Homes, Homes

20 Tips to Increase Your Home’s Value

September 28th, 2009 admin No Comments »

In today’s market, the best thing you can do is to make your house more saleable, these are a few ways to do just that.

1 – Check the curb appeal of the house. The first impression is the one that is going to stick with people.

2 – No one likes a house that has no place to store things. Increase the storage areas and you’ll increase the appeal and value.

3 – A fresh coat of paint will do absolute wonders for your homes visual impact and value.

4 – After you paint, take the time to clean the floors and make them as attractive as the walls. It will do wonders.

5 – Stop and smell the roses. Sniff your house and see what odors are lurking. A stinky building is a hard sell.

6 – Get rid of the personal items. A prospective b

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Auctioning of Hialeah Foreclosure Homes

September 25th, 2009 admin No Comments »

Hialeah foreclosure homes auctions are attractive to investors who want to buy foreclosed houses in good condition and at very low prices.

According to industry experts, auctions allow investors to purchase the best foreclosure properties at cheap prices. Investors can check out foreclosure listings if they are interested in finding available foreclosure homes at Hialeah and the surrounding areas.

Most foreclosure listings feature multi-family and single houses, duplexes and buildings of various kinds. Typically, foreclosure of a Hialeah distressed property takes only almost two months. At the end of three months, the foreclosure property will be placed on the auction block.

The auction is usually conducted by the court clerk who will also be responsible for turning over the property to the winning bidder.

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Tags: Foreclosure Homes, Hialeah Foreclosure, Hialeah Foreclosure Homes, Homes

More Buyers Go Online for Stockton Foreclosure Homes

September 22nd, 2009 admin No Comments »

Stockton foreclosure homes are becoming popular among first-time buyers and investors in California. Buyers are enticed by the very low prices of foreclosure properties and the wide array of choices.

It was in 1980 that the San Joaquin County experienced very low housing prices. It used to be that real estate agents would take potential buyers from one house to another to give them the opportunity to inspect the properties and narrow their prospects.

Fast forward to 2009 and agents still sell houses with median price amounting to $165,000. However, this time, they are able to save a lot of money because they do not have to drive prospective clients from one house for sale to another.

Industry experts said that many homebuyers right now come to the market knowing what they want because they have researched pertinent information on the Internet.

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Tags: Foreclosure Homes, Homes, Stockton Foreclosure, Stockton Foreclosure Homes

Loan Modification Upfront Fees

September 18th, 2009 admin No Comments »

It’s about time someone actually attempted to look at this.

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The move by the FTC comes as federal and state officials plan to expand a crackdown on mortgage-related scams to other schemes that prey on debt-ridden consumers.
Reporting Washington – Federal regulators, taking aim at a common tactic used in mortgage frauds, will look at a nationwide ban on companies’ charging upfront fees for helping homeowners modify loans to avoid foreclosures.

The move comes as federal and state officials plan to expand a crackdown on mortgage-related scams to other schemes that prey on debt-ridden consumers desperate to stay financially afloat during the recession.

While it’s a start, I saw no mention about the common practice of using an attorney as the head of the loan modification company. So, t

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Personal Finance Tips

September 15th, 2009 admin No Comments »

There are of course an untold amount of finance tips available from literally millions of sources. Some of the tips that are available though are passed on from generation to generation and they all make sense.

For instance, have you ever heard that you should pay yourself first? All that this truly entails is setting up your savings for immediate expenditures that will occur such as taxes. However, it also entails savings for medical emergencies, and emergencies caused by Mother Nature, for instance.

Another tip that makes tremendous sense but many have problems with is to avoid debt. Americans are notorious for spending more than they earn, and now with a financial crisis all around us, they now understand the wisdom behind those words, some unfortunately too late to do anything about.

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Tags: Finance Tips, Tips

Georgia Foreclosure Homes on the Rise, Values to Drop

September 14th, 2009 admin No Comments »

Last month, the number of Georgia foreclosure homes increased by almost 40 percent. The increase in foreclosure numbers prompted industry experts to predict another decline in home values in the state. They said that the value of a property will drop significantly if it is located near a foreclosure house.

Industry experts said that in the Metro Atlanta area, home values declined by another 10 to 15 percent in the past six months. Recent market data showed that Georgia is ranked as one of the top 10 states nationwide with the highest foreclosure rate.

Because the housing market is dominated by foreclosure properties, many homeowners are finding it difficult to sell their homes. Frustrated homeowners are finding it hard to compete with the very low market prices of foreclosure properties.

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Tags: Foreclosure Homes, Georgia Foreclosure, Georgia Foreclosure Homes, Values
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