The surf meets the sand in the heat of summer. Whether this is the year to buy that beach vacation home or not is another thing. If you’reconsidering the plunge, these are the best 5 beach home bargain cities to buy a foreclosure home or condo. Foreclosure News Report ranked U.S. metro areas across the… Continue reading 5 Best Beach Vacation Home Bargain Cities
Category: Advice
Homeowners Living Free Longer
By Mike Colpitts Homeowners facing foreclosure in default on mortgage payments are living longer in their homes without making loan payments than ever before, according to foreclosure firm RealtyTrac. The lengthy foreclosure process is good news for homeowners in desperate straits able to live in their homes for free, many of whom are unemployed or… Continue reading Homeowners Living Free Longer
Former Homeowners Not Applying for Aid
By Mike Colpitts More than 4-million former homeowners whose homes may have been foreclosed illegally by the nation’s largest banks have received letters from the U.S. government asking them if they would like their foreclosures to be reviewed. But so disillusioned by the banking industry and their own situations, the over-whelming majority have failed to… Continue reading Former Homeowners Not Applying for Aid
Bottom of Your Housing Market Hits
By Mike Colpitts Despite the troubled U.S. economy, some cities housing markets are hitting the bottom after nearly six years in the doldrums. Cities from the Corn Belt in Nebraska to Miami are experiencing upturns in home and condominium sales and higher prices. But not everywhere will experience the bottom of the market at the… Continue reading Bottom of Your Housing Market Hits
Skin in The Game Real Estate Crossroads
By Anwar Elgonemy Skin in the Game is a new book about the bloody real estate cross roads where real estate and high-finance meet. The book is not a traditional textbook about real estate finance, nor is it one of the numerous post-mortem publications that have covered the intricacies of the subprime mortgage crisis. As… Continue reading Skin in The Game Real Estate Crossroads
New Program Targets Underwater Homeowners
By Mike Colpitts A new program designed to identify underwater homeowners who may qualify to refinance mortgages has been put into operation by one of the nations largest real estate technology firms. The program targets homeowners who are more likely to walk away from their underwater mortgages. CoreLogic, which evaluates hundreds of segments of the… Continue reading New Program Targets Underwater Homeowners
Cashing In on Abandoned Property
By Kiesha Joseph Abandoned property is a term to describe real estate that isn’t currently under the direct control or care of the legal owner. This may be because the mortgage is in default, delinquent taxes are owed or the property is unsafe. The homeowner may have also walked away from the property, abandoning it… Continue reading Cashing In on Abandoned Property
Best Cities to Flip Homes in 2012
By Mike Colpitts Don’t expect it to be easy work if you plan on flipping a home this year to make a profit, but there are a few places in the U.S. that are pretty good bets to cash in to make a tidy profit, despite economic woes. The best places to flip homes in… Continue reading Best Cities to Flip Homes in 2012
Where to Move, Get a Job & Buy a Home in 2012
By Mike Colpitts The hard hit economy is mending in some areas of the U.S., while other regions continue to suffer through the dregs of a housing market still in a downturn. But among all the places that are on the mend there are a handful of fairly solid cities where you might just want… Continue reading Where to Move, Get a Job & Buy a Home in 2012
How to Avoid Being Ripped Off by Mortgage Companies
By Kevin Chiu A new mortgage website is offering homeowners and first time home buyers the opportunity to ask questions and “get truthful, unbiased and easy to understand” answers to avoid being ripped off by mortgage companies. The concept is the brain-child of Yale Roth, a former school teacher who has been making loans for… Continue reading How to Avoid Being Ripped Off by Mortgage Companies