Do Fewer Foreclosures Mean Housing Crisis Has Ended?

  By Richard Davies – The housing crisis, which led to huge drop in personal wealth for many Americans, may be over at long last. “I think that it’s really in the rear-view mirror,” says Daren Blomquist of the real estate and foreclosure listings firm RealtyTrac. The foreclosure crisis, perhaps the biggest scar on the housing market,…

Bad at Math? You’re More Likely to Lose Your Home

Filed under: Foreclosures According to a study released Monday, math-challenged borrowers were five times more likely to default on their loans. “Whether you’re good with numbers predicts how likely you are to default,” said Stephan Meier, an associate professor of business at Columbia Business School, who authored the report along with economists from the Federal…

What You Need to Know About Buying a Foreclosed Home

First-time home buyers and investors looking for a bargain may consider foreclosed homes. Such properties are in abundance across the nation as homeowners continue to default on their mortgages and abandon their properties. While a foreclosed home can and should be viewed as an opportunity, there are several considerations prospective buyers should consider before making…

Tips for Avoiding Foreclosure

Go ahead and Google  the word “foreclosure” and you’ll get over 61 million hits.    Most will be for ‘foreclosure help”, or “stop foreclosure”, or “avoid foreclosure.” If you are  having trouble keeping up with your mortgage payments or if you have  received a notice from your lender asking you to contact them, don’t fall…

When a Bargain May NOT Be a Bargain…

Investing in REO properties may seem like the thing to do these days but just because a property is being sold at a bargain price doesn’t necessarily mean it’s  a bargain.   The number of foreclosed properties has increased dramatically over the past year but still the number of actual bank owned properties has not…