When a person buys a home, he/she usually has to take a loan. The lenders, generally banks, keep the title to home collateral in this case. The ownership of the home is transferred to the lender when the person is unable to pay the dues and installments in time. This transfer of ownership to lender is called Foreclosure. Buying foreclosure has been compared to playing poker. As an investment, it has its own risks.
Property Short Sale and Benefits for All!
Why would it interest the lender? A very obvious question arises here as to why the lender entity would be interested in such a transaction where it is receiving less than what you owe him. The answer to this is simple, indeed.
Protecting You Homes Value With Increasing Foreclosure Rates
Foreclosure are forcing property values down in many areas, this is not good news for homeowners that are still in their homes. There are some things you can do to protect your homes value during this economic crisis.
Real Estate Investing Guide: The Difference Between Income Tax And Property Tax
As the name suggests, income tax is tax that is deducted from your income. When tax is imposed on incomes of companies, then this may be called corporate tax, profit tax, or corporate income tax. Tax from the earnings of an individual is usually charged from his total income. In terms of real estate investing, income tax comes in when you are profiting or having income from your property. Property Tax
Real Estate Investing: Do More Deals Make Bigger Money?
Unquestionably, almost all people want to earn more than enough money. The millionaires out there gain their fortune through real estate investing. Even famous people are entering the real estate world to capture bigger earnings. Bigger Money On The Best Deals
Negotiating With Your Lender
If the foundations of your financial world are crumbling inwardly, and the black words ‘foreclosure’ and ‘short sale’ are hanging heavy in your heart, you are not alone. ‘Hope Now’ and ‘Project Lifeline’ are newly formed organizations that may be able to help you.
Opportunities Flooding US Real Estate – Where Are You?
Researches conducted nationwide have proofed that every year over two millions of people in the United States come under real estate foreclosure threats and most of them have no choice but succumb to the situation, thereby losing home.
How to Save Your Home from Foreclosure
Nef Cortez is a licensed Real Estate Broker, Real Estate author of the Weekly News in Walnut, California, and 29 year veteran in Real Estate sales. A past director for the California Association of Realtors, and currently Vice-Chairman of the Diamond Bar Chamber of Commerce. Nef has a varied degree of experience in mortgage origination, real estate investments, and acquisition of foreclosure properties. Please visit www.nefcortez.com for info
Increasing Foreclosure Problem
The recent report released by Mortgage Bankers Association on Mortgage Foreclosure numbers, revealed that at present the mortgage market is involved in the most awful foreclosure crisis in the recorded history. It is almost 15 percent of the sub prime borrowers defaulted and the prime borrowers have started to follow suit.
Introduction To Buying Pre Foreclosures
Have you ever heard the term pre foreclosure? Do you think that this means the same thing as a foreclosed home? If you answered yes to these questions you are not alone. But at the same time, if you answered yes you are not familiar with the advantages of buying pre foreclosures.
Investing In Short Sale Property
The market is flooding with properties that are priced quite down to earth and this is providing the real investors of the US and overseas with some valuable opportunities to earn some real cash. In fact, the earnings you can expect from investing in short sale property can vary anywhere between $25,000 and $200,000 or beyond, the sum being contingent upon your investment, your investment pattern, the location of investment and so on and so forth
Losing Your Home to Someone Else Can Be Painful!
Certain things in life do not have any control over them while certain things do. You might have missed the mortgage repayment installment this time, but you may very well save your home from the serious threats of facing foreclosure.