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Foreclosures

Predictions on Future Mortgage Rates

by John TayebDecember 6, 2009 commercial real estate

What will happen to mortgage rates if the Federal Reserve stops buying mortgage-backed securities next March? If and when that program ends, mortgage rates will rise, but most financial observers say it is very likely they won’t skyrocket. Keith Gumbinger, a vice president at financial publishers HSH Associates, predicts that the end of Fed intervention [...]

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How long does a foreclosure stay on your credit report?

by John TayebDecember 1, 2009 Foreclosures

With all the foreclosures sprouting up, struggling homeowners that are either going through the process or teetering on the brink may be wondering what the repercussions are. With regards to credit, foreclosure is a very serious delinquency, and one that will stay on your credit report for up to seven years (typically from the date [...]

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Foreclosure Opens Windows For Investors

by John TayebNovember 16, 2009 Foreclosures

There’s an old saying that suggests that opportunity is where you find it. Note that it doesn’t say “where it finds you”. This old saying could easily be the mantra of the foreclosure investor. To such an investor, finding a great foreclosure property is like finding a diamond in the rough. And, with foreclosures always present in the [...]

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Short Sales And Foreclosures: When It’s Time To Move On

by John TayebNovember 6, 2009 Foreclosures
Thumbnail image for Short Sales And Foreclosures: When It’s Time To Move On

When the value of a home drops by 20%, it’s tempting to let it go into foreclosure, or work out a short-sale agreement with the bank. But giving up a current home in the hopes of paying less on a future home may cost even more money – or put your finances in a riskier [...]

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Foreclosures: Bargains Or Money Pits?

by John TayebNovember 5, 2009 Foreclosures

Buying a foreclosure (FCL), or a property that the bank has taken away from the owner because he or she stopped paying the mortgage, is often touted as a way for both owner-occupants and investors to get a great deal on a property. However, the potential financial rewards of buying a foreclosure don’t come without [...]

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Foreclose On High Housing Prices

by John TayebNovember 4, 2009 Foreclosures

Before the mortgage crisis of 2008-2009, buying a home that had been foreclosed upon was a much more difficult proposition than it is now. Real estate bargain hunters formerly had to follow auctions put on by courthouses or sift through reams of legal filings. But the wave of foreclosures brought on by the subprime meltdown [...]

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