Foreclosed homes offer the investor to make a profitable investment as the property is up for sale due to the homeowners inability to pay back the secured loan amount. So the lender sells these homes at prices much lesser than the actual value, in order to reclaim his lost money. Buying foreclosed homes is a good idea as one can manage to get a good property by spending far lesser money than one will spend in purchasing a property in normal real...more
Home foreclosures or foreclosed homes are homes that have been taken over by the lender when the homeowner defaults in paying back the availed mortgage loan amount. The number of foreclosed homes for sale has rapidly increased in the past couple of years. This is attributable to the buying pattern which depicts that the homeowners take mortgage loan to buy the property and their inability to pay back results in the property being foreclosed by...more
The Obama administration claimed that it is going to lend help to as much as 4 million homeowners to be able to make modifications to their loans. According to the Treasury Department, over 200,000 of these loan modifications are offered to date. This means that there are still millions waiting for their turn. This could also mean that if these trouble homeowners are not reached on time, more foreclosure news will be heard.Deborah Sherman is one of those homeowners who are waiting for their turn on the loan modification. She applied for the government program in March 4, a day after it was announced.Since then, all she heard from Chase, her loan servicer, is: the process could take up to 90 days. Until now, she is still waiting.Sherman's story is not one-of-a-kind. Back in June, the program started in a chaotically as a multitude of homeowners all across the country jammed phone lines, overwhelming the staff. Frustration among housing counselors and homeowners build up due to the delays and confusion about eligibility requirements."I think ... our mortgage program has actually helped to modify mortgages for a lot of people, but it hasn't been keeping pace with all the foreclosures...more
The Obama administration claimed that it is going to lend help to as much as 4 million homeowners to be able to make modifications to their loans. According to the Treasury Department, over 200,000 of these loan modifications are offered to date. This will just signify that millions of people are still hanging around for their turn. This could...more
You have de-cluttered your house. You have clipped and mowed your lawn so well it could be on the front cover of Homes Beautiful magazine. You bought a cheery Welcome mat for your front door, inviting potential buyers in where they will see your home in "Buy Me" condition. But what about that lingering odor you can't smell, but others have...more
When you are looking to find a perfect place to settle down and raise your family, there are many great communities in Colorado that you should consider. You are sure to find a great luxury home among the numerous Littleton new homes. Looking for a house for sale in Littleton is easy and can be a whole lot of fun. The first thing to do when looking to find homes in a great neighbourhood for families, is to check out Lakewood homes for sale. There are a number of real estate listings, so it shouldn't be difficult to f to find a Lakewood house for sale. Both Littleton and Lakewood have everything a growing family could possibly need from great schools and extracurricular activities, to beautiful scenery, fun attractions and things to keep the whole family busy.Littleton, Colorado is only 10 miles outside of Denver and is a suburban community that is rich with culture, activities and attractions that can keep any age group busy all year round. If your family is into sports and outdoor activities, there are tons of options here to keep them busy. From world class golf courses and ski resorts to great after school sports teams for the kids to enjoy, there's something for everyone. If...more
When it comes to purchasing a suitable property, finding budget priced homes can be quite a tough challenge. But with a large number of foreclosures flooding the real estate market, prospective homebuyers can now choose from a wide range of...more
If you are a prospective home buyer looking for a home that can fit your modest budget without making you compromise on your housing requirements opting for bank foreclosures could be the ideal choice for you. With a wide range of houses available in...more
With thousands of foreclosure homes flooding the real estate market, investors and prospective homebuyers are increasingly turning towards foreclosures as a more profitable alternative. So if you are on the lookout for a suitable but budget priced...more
If you are thinking about buying foreclosed homes for sale, then you are planning to make a worthwhile investment as these are properties which are foreclosed as the owners could no longer afford it and thus defaulted in paying back the secured...more
Buying foreclosed homes is a wonderful investment option to buy a property where real estate is exorbitantly priced. Many people spend their entire lives living in rental accommodation and fail to buy a home due to financial constraints. Foreclosures...more
Foreclosure homes offer an opportunity to buy a good property at lower prices. This is an investment option which attracts not only the first time buyers but also many real estate investors as they know that this is an economically viable investment...more