Many people have failed to notice that the real estate market is starting to show surprising signs of strength. The latest piece of good news has come from a report by RealtyTrac, an internet company that specializes in the foreclosure market. According to their most recent numbers, year-over-year foreclosure filings fell by 16% in September,… READ MORE
I have some great information on the Local Market Report for the first quarter of 2010 for the Chicago Land Area. The market is not where we would like it to be, but there is a silver lining at the end of the horizon for Chicago Home Owners. Chicago is showing a median homes sales… READ MORE
Foreclosures and Short Sales are available in your area. If you are looking to buy a home and are prepared to move on a house quickly in order to get a great deal, shop for your Foreclosures and Short Sales here. Working with an experienced real estate agent who is knowledgeable in this area is… READ MORE
To make it more attractive for the services to accept a sale on defaulted properties for less than the outstanding mortgage balance, the US Treasury is offering incentive payments of $1,000 per completed short sale. Services will also receive $1,000 for each deed-in-lieu of foreclosure. Read More…
If you owe more than your house is worth and can’t afford your payments, you might be able to sell it for less than you owe — without having to pay the lender the difference. Click Here for More Information
Bankruptcies and foreclosures can remain on a credit report for seven to 10 years. Some lenders will consider a borrower earlier if they have reestablished good credit. The circumstances surrounding the bankruptcy can also influence a lender’s decision. For example, if you went through a bankruptcy because your employer had financial difficulties, a lender may… READ MORE
Today’s Real Estate News 4/21/2009 Failed flip flirts with foreclosure Today’s Real Estate News Provided by Inman News Monday, April 20, 2009 Desperation drives investor to risk credit, deficiency judgment Benny Kass Inman News DEAR BENNY: I am retired. About 18 months ago (before the economic crash), I bought a fixer-upper and renovated it, but… READ MORE