Sales of U.S. homes facing foreclosure are on the rise and outpacing sales of bank-owned homes, a reflection of stepped up efforts this year by lenders to avoid foreclosing on homes with mortgages gone unpaid.
On the Road to Homeownership: The Search Begins in Earnest
Armed with the knowledge of how much home we can afford without becoming house poor, and a pre-qualification letter in hand, I gave our Realtor the parameters of what type of home we were looking for.
After a long winter frozen foreclosure activity in Chicago is finally beginning to thaw. And that’s good news because the market is hungry for more inventory, according to area real estate experts.
Buying Foreclosures with Retirement Funds: 3 Strategies
With hard-to-get financing one of the biggest hurdles involved in a foreclosure purchase, funding those purchases with a retirement account could be an attractive option for many.
Sales of new single-family homes dipped slightly in October, falling 0.3 percent to a seasonally adjusted annual rate of 368,000 from a downwardly revised pace of 369,000 in September, according to the Commerce Department.
On the Road to Homeownership: Dealing With A Shortage of Supply
All the signs are there that say to us “Buy Now!” Historically low interest rates hovering in the mid-3’s for a 30-year fixed rate mortgage, and the high-2’s for a 15-year fixed.
Home prices rose in September from a month earlier, fueling growing signs that the U.S. housing market is rebounding, according to Standard & Poor’s Case-Shiller home-price indexes.
Those who dislike the Federal Housing Administration (FHA) are no doubt elated by news that the federal loan insurance program may need to borrow from the Treasury Department to bulk up disappearing reserves.
According to RealtyTrac.com, an online marketplace of foreclosed properties, investors flipped close to 100,000 homes in the first half of the year, making almost $30,000 per flip, on average.
According to RealtyTrac.com, an online marketplace of foreclosed properties, investors flipped close to 100,000 homes in the first half of the year, making almost $30,000 per flip, on average.
Robert Hatch III, a student at the University of Denver, does it. So does Larry Simpson, a broker with Fuller Sotheby's in Denver. The results of their efforts vary, but their methods are the same — they're house flippers.
Robert Hatch III, a student at the University of Denver, does it. So does Larry Simpson, a broker with Fuller Sotheby's in Denver. The results of their efforts vary, but their methods are the same — they're house flippers.