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There are many elements of economies that indicate certain downturns. I have found 4 articles that all make light of the fact that a.)there is a high rise in foreclosures b.) short sales in real estate have become more common d.) $4.3Billion in HAFA investment from the Treasury Department. So what does that mean for short sales, realtors, and the real estate market? What are the implications of a high rises in foreclosures? Besides the fact that a given lender will have an increase of work in... Read Full Post

To be perfectly clear this article refers to all repossessed by lender properties, whereby a delinquent borrower fails to make payments causing the lender to reclaim the asset. In simple terms Real Estate Owned property refers to real estate properties/ assets where a borrower does not pay due fees leading to banks/ lenders repossession of the asset. Usually there is a point of discount when purchasing these assets because they are usually sold ‘as is’ which banks consider in need of repa... Read Full Post

When faced with Foreclosure, act hastily, the process of avoiding foreclosure and exercising a short sale option is a long process. It is very important to get on top of your documents and the engaging process as quickly as possible, the longer you wait to short sale, the less options you have and the more your credit will suffer. Talk to a professional. This is a marathon, not a sprint. Like and good marathon runner one must train and train properly, talk to a professional and get all your f... Read Full Post

­­While the economy is muddling along, there are Real Estate, Mortgage, and Investors that are taking advantage of market needs. The Commerce Department said that the economy expanded at a 2% annual rate in the July-September quarter, which marks an increase in the previous 1.7% growth a quarter earlier. Historically this is a very slow growth rate however; it is the biggest quarterly increase since 2006. Note though that savings rates have increased to 5.5% of disposable income, up from 1%... Read Full Post