Posts tagged "foreclosures"

Joel Gurman | Foreclosures | Quicken Loans: Watch-It Wednesday Series

My name is Joel Gurman with Quicken Loans and a question has been asked a lot about foreclosure and the effects that it has on people long term. When you tal…

Orange County Foreclosures – FREE Search for Foreclosed Homes in OC!

Search all Orange County foreclosures here: 14re.com There are loads of Orange County foreclosures for sale. All you need to do to get started right away is click the blue link right above. This will instantly take you to a page where you can quickly fill out your information and immediately begin searching properties all throughout Orange County CA. We want for you to be fully satisfied with your purchase. Therefore, our goal is to provide you with the most up-to-date and thorough information regarding foreclosed properties in Orange County. By using our innovative property search tool, you will be able to research properties in all price ranges and sizes. You can’t find a better way to locate Orange County foreclosures for sale. If you are looking to strike the deal of a lifetime, then you came to the right place. Feel free to also search all surrounding areas. We make it easier than ever to find information on Irvine, Huntington Beach, Anaheim, Santa Ana, Mission Viejo, Laguna Niguel, and more. Many buyers are able to locate properties in great locations and excellent move in condition. The options are nearly endless with this free list of properties. Therefore, to begin your free search right away, all you need to do is select the link right below. You will be taken to the page highlighted in the video above. Within seconds, you really can be searching all Orange County foreclosures for sale! www.youtube.com
Video Rating: 5 / 5

Mangled Mortgage: Everything you need to know about foreclosures, short sales, and loan modifications.

Mangled Mortgage: Everything you need to know about foreclosures, short sales, and loan modifications.

The madness of an overheated real estate market has created some severe consequences. In addition, the current economic conditions in the United States have forced many homeowners into dire financial situations.

The result is a record number of homeowners losing their homes to foreclosure, while many more are dangerously close to the same fate. During the recent housing boom, people purchased homes they could not afford with “creative” mortgage products. Others bought homes with little or no money down and now have thousands of dollars in negative equity. When homeowners get themselves into financial situations they can no longer sustain, there are only a few possible outcomes.

One outcome is foreclosure. This is when the homeowner defaults on payments and the lender repossesses the house. It is a lengthy and expensive process and is supposed to be a last resort. Properties reclaimed by the lender are called REO properties, which stands for real estate owned.

Another possible outcome is a short sale. This is when the lender allows the house to be sold for less than the mortgage balance. This is becoming increasingly common as the housing crisis continues to grow.

A third possible outcome is a loan modification. This is when the lender agrees to alter the terms of the loan to make it affordable for the homeowner. It is designed so the homeowner is able to keep the property and continue to pay the mortgage every month.

A fourth outcome is when the homeowner continues to pay the mortgage as agreed, even though the house is worth less than the mortgage balance. Every borrower agreed to this situation in the first place, but in many cases this has been lost in translation. There was no guarantee that the value of real estate was going to continue to climb forever, and it is ludicrous to think it would. For some reason, ever-increasing value was the prevailing belief and now the housing market shows the aftermath of that faulty thought process.

The housing crisis in the United States has gotten severe enough to cause numerous bank failures. Some of the biggest mortgage lenders have shut their doors or been acquired by more stable companies. The number of mortgages in default has caused many banks to close, and several hundred more are on the "watch list."

Because of the enormous strain on the banking system in the United States, the federal government recently passed a $700,000,000,000 relief package that was designed to stimulate a more stable lending situation and restore consumer confidence. So far, the recipients of the bailout money have used it to acquire their smaller and less-stable competitors instead of using it to make more loans.

For savvy real estate and mortgage professionals, this is arguably the biggest career opportunity of your lifetime. It takes extra effort and skill to put a transaction together, and the less-than- serious industry professionals are leaving the business in droves. There are fewer transactions happening and each transaction is complex, so the true professionals are seizing the opportunity and getting deals done.The madness of an overheated real estate market has created some severe consequences. In addition, the current economic conditions in the United States have forced many homeowners into dire financial situations.

The result is a record number of homeowners losing their homes to foreclosure, while many more are dangerously close to the same fate. During the recent housing boom, people purchased homes they could not afford with “creative” mortgage products. Others bought homes with little or no money down and now have thousands of dollars in negative equity. When homeowners get themselves into financial situations they can no longer sustain, there are only a few possible outcomes.

One outcome is foreclosure. This is when the homeowner defaults on payments and the lender repossesses the house. It is a lengthy and expensive process and is supposed to be a last resort. Properties reclaimed by the lender are called REO properties, which stands for real estate owned.

Another possible outcome is a short sale. This is when the lender allows the house to be sold for less than the mortgage balance. This is becoming increasingly common as the housing crisis continues to grow.

A third possible outcome is a loan modification. This is when the lender agrees to alter the terms of the loan to make it affordable for the homeowner. It is designed so the homeowner is able to keep the property and continue to pay the mortgage every month.

A fourth outcome is when the homeowner continues to pay the mortgage as agreed, even though the house is worth less than the mortgage balance. Every borrower agreed to this situation in the first place, but in many cases this has been lost in translation. There was no guarantee that the value of real estate was going to continue to climb forever, and it is ludicrous to think it would. For some reason, ever-increasing value was the prevailing belief and now the housing market shows the aftermath of that faulty thought process.

The housing crisis in the United States has gotten severe enough to cause numerous bank failures. Some of the biggest mortgage lenders have shut their doors or been acquired by more stable companies. The number of mortgages in default has caused many banks to close, and several hundred more are on the "watch list."

Because of the enormous strain on the banking system in the United States, the federal government recently passed a $700,000,000,000 relief package that was designed to stimulate a more stable lending situation and restore consumer confidence. So far, the recipients of the bailout money have used it to acquire their smaller and less-stable competitors instead of using it to make more loans.

For savvy real estate and mortgage professionals, this is arguably the biggest career opportunity of your lifetime. It takes extra effort and skill to put a transaction together, and the less-than- serious industry professionals are leaving the business in droves. There are fewer transactions happening and each transaction is complex, so the true professionals are seizing the opportunity and getting deals done.

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Real Estate Time BOMB. Foreclosures and the Collapse of the Real Estate Market

Add me as a friend on Facebook! www.facebook.com Get DAILY GrowBy10 Updates on Twitter! twitter.com Support this Channel: Subscribe & Comment. Thank you all! What I learned today will have devastating ramification for the real estate marketing and in turn the entire financial and stock market and the broader economy as a whole. If true…our real estate fate is seal. There will be more housing and real estate foreclosure carnage ahead. The road is long. Prepare yourself and protect your family from this coming economic catastrophe. PLEASE RATE, LINK, SHARE and SPREAD the word so others can learn about the real nature of our real estate and economic crisis. Don’t be a sponge to the talking heads that spew only that which benefits them and their bosses. Wake up! ======================================== From LA Times: Bulk of bank-owned homes aren’t even on the market yet “Banks to unleash flood of REOs” at Inman News looks at the effect of foreclosures on the housing market this year: Inventories of unsold homes are likely to swell in coming months as lenders begin to push a growing backlog of repossessed homes up for sale — often in communities already awash in distressed properties…. Because it can take weeks or months for lenders to put repossessed homes on the market, the impact of real estate-owned (REO) properties on inventories lags behind foreclosures. Government efforts to recapitalize banks through the Troubled Asset Relief Program (TARP) and other bailout …
Video Rating: 4 / 5

Is it Still Safe to Buy Foreclosures?

In light of the recent questions surrounding the processing of foreclosures, Rick Sharga comments on whether it’s still safe to buy properties in various stages of foreclosure — from pre-foreclosure (short sale) to courthouse auction to bank-owned REO.
Video Rating: 5 / 5

Foreclosure Cleaning Services Make Money Cleaning Foreclosures In 2012 and Beyond

Foreclosure cleaning business at www.ForeclosureCash.net – Learn how to make money cleaning foreclosed houses and why providing property preservation services on foreclosures will be in high demand in 2012 and for many years to come. If you look at a list of the best small businesses to start in today’s market, you’ll notice that foreclosure cleaning and maintenance services are at the top. This is no coincidence, and has been this way for the last few years. With the rates foreclosures increasing steadily even into 2012, you can expect foreclosure cleaning businesses to bring in vast amounts of money as a result. There has never been a better time than now to begin researching, and implementing steps to create your own successful business that cleans and maintains foreclosed properties. Real estate is always going to be bought and sold, and because of this fact, cleaning foreclosures and other vacant properties in between will always exist for businesses to take advantage of. It just so happens that the housing crisis is creating a golden opportunity for many out there to seize by providing property preservation services on foreclosures. While the banks take over properties being foreclosed on, they in return need to hire someone who owns a foreclosure cleaning business, like yourself, to clean up and maintain the property so that it can be placed back on the market. A market that will always be around no matter what happens in the future. Shadow inventory is a term that …
Video Rating: 4 / 5

Real Estate Expert Kenn Renner Discusses HUD Foreclosures on KLBJ 590AM Talk News Radio

Kenn Renner discusses the housing market in Austin, TX on Real Estate Radio on KLBJ-AM.
Video Rating: 0 / 5

Foreclosed Homes For Sale in Atlanta, FCV Investor Presentation, How to Buy Atlanta Foreclosures

Foreclosed Homes For Sale in Atlanta, How to buy real estate video, Atlanta foreclosures, tlanta Real Estate for Sale, Atlanta Home Tours FOR MORE INFORMATION: www.foreclosed-homes-atlanta.com
Video Rating: 5 / 5

Short Sales Help & How to Stop Foreclosures Arizona RBD Realty Rowe, Baldwin and Devries

Arizona homeowners facing short sales or possible foreclosures – there is REAL help for you! If you are stuck in a house that you may soon lose and are thinking about a short sale or wondering about how to stop a foreclosure, RB&D real estate services may be able to help you right now. ONE phone call can get a team of professionals working for you. There is help. There is hope. Watch the video to see how RB&D is successfully getting Arizona homeowners through the short sale process. About RB&D, Rowe, Baldwin and Devries: We provide immediate solutions for homeowners with questions regarding the short sale process, the effect on credit, real estate taxes, mortgage issues, appraisals and rebuilding to own a home again after a short sale. Our powerful RB&D team and strategic alliances with tax advisors, credit advisors, legal advisors, mortgage counselors, mortgage companies, short sale negotiators and title companies gives every homeowner a one stop solution to the short sale process. No confusion. No wondering what happens next. At RB&D, we take you through the short sale process one step at a time and stay by your side until we are successful. Don’t give up hope, RB&D is one phone call away. We are real people, offering real hope. We care about every one of our clients. Please watch our videos, see our testimonials and call today. Your call is free and always confidential. For more information contact Chad Devries of RB&D Real Estate Services at 480-215-2415

Quick Strategies to Owning Real Estate, How to buy Foreclosures, Reo’s, Short Sales, and Fixer Uppers

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