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Multi-million dollar foreclosures

Look at these Multi-million dollar foreclosures. Foreclosure is no respector of income, neighborhodd, etc. These homes are beautiful and amazing. http://money.cnn.com/galleries/2012/real_estate/1202/gallery.multi-million-foreclosures/?iid=Popular   Share with Facebook – Tweet – LinkedIn Hide Sites

QUASI-RELIGIOUS RESISTANCE: HUD Secretary Blasts Fannie, Freddie: via HuffPost

http://www.huffingtonpost.com/2012/02/16/shaun-donovan-fannie-mae-freddie-mac-mortgage-write-down_n_1283020.html This is supposed to be the beginning of mortgage write downs for homes in foreclosure. However if HUD can’t get Fannie and Freddie to cooperate and they are essentially governmental agencies, I don’t know how much this is going to work. Short sales seem to be the best foreclosure work out now. If there [...]

Rate on 30-year mortgage stays at record 3.87 pct

http://m.chron.com/chron/db_273437/contentdetail.htm?contentguid=RaNPBzLX Great time to refinance or purchase. Even rates for investment properties which cab be used to purchase foreclosures are at 4%. To purchase a foreclosure as investment property you typically have to put 20% down. However, the Rental market has never been stronger. Share with Facebook – Tweet – LinkedIn Hide Sites

Foreclosure Fire Sale: Will Bulk ‘REO to Rental’ Program Fly? | AOL Real Estate

http://realestate.aol.com/blog/2012/02/15/foreclosure-fire-sale-will-bulk-reo-to-rental-program-fly/ Share with Facebook – Tweet – LinkedIn Hide Sites

Facing Foreclosure? Two Paths to a Successful Short Sale – Bank of America

If you are facing foreclosure one of the best options available is a short sale. A Short Sale allows you to sell your home “Short of what you owe”. Meaning that if you owe $200,000 and your home is only worth $150,000 the bank will allow you to short $50,000. The great thing about this [...]

Foreclosure Settlement Not Applauded by Banks…and Me Too

Great Article Concernging the Floreclosure Settlement that I was Interviewed about the other day on ABC 13. The Deal Is Done, but Hold the Applause By GRETCHEN MORGENSON FIVE big banks finally reached a deal with government authorities last week over dubious mortgage practices and foreclosure abuses. After months of talks, Ally Financial, Bank of [...]

Number of bank-owned homes for sale in Galveston jumps

INVESTORS!!! Where are you? Take a look at this blog post from my good friend, Nancy Sarnoff, the Houston Chronicle Real Estate writer. Foreclosure postings are up across every Houston Area County. This is a great time to buy. Remember: You buy Low, Sale (or Rent) High! Share with Facebook – Tweet – LinkedIn Hide [...]