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Archive for July, 2007

If the financial meltdown was caused by foreclosures, why is nothing to stem the flow of new foreclosures?

Politics 7 Comments »
foreclosures
Sarah Palin asked:


Money is being thrown at banks - and since foreclosures are still happening, more money in the future will have to be thrown at banks. Why is nothing being done to help homeowners stay in their homes?


July 29th, 2007 |

Tags: Banks, Financial Meltdown, Foreclosures, Money




The best Realtor in Orange County, CA about foreclosures?

Renting & Real Estate 2 Comments »
foreclosures
AnhChang asked:


I want to buy a foreclosure soon, and want to have a realtor to help us out with the interest, but we don’t know who is good.I live in Santa Ana, California. We don’t have much friend, anybody recommend us some?


July 28th, 2007 |

Tags: Foreclosure, Orange County Ca, Realtor, Santa Ana California




How can I invest in foreclosures without cash?

Investing 2 Comments »
foreclosures
John H asked:


There is a book about this topic. I don’t understand how this could work.


July 28th, 2007 |

Tags: Foreclosures, Invest




Where are the majority of foreclosures coming from?

Renting & Real Estate 4 Comments »
foreclosures
Cordova asked:


I am hearing it is becuase so many people are losing thier jobs. I am hearing it is because of sub-prime loans. Anyone close to the situation, real estate agent, mortgage folks and the like, please give me your take.


July 28th, 2007 |

Tags: Jobs, Many People, Mortgage, Sub Prime Loans




Will creditors put a lien on my house/car/checking for Unpaid credit cards and foreclosures after 7 years?

Credit 4 Comments »
foreclosures
QA Expert asked:


I’m planning to foreclose my 2nd house and leave my credit cards bills unpaid for 7 years then it would be removed. My question would the creditors put a lien on my checking/house/life insurance in the future? Also, would my credit reports be CLEAN after 7 years, no sign of unpaid debits?
Would bankruptcy better than just not paying? Would bk take my house & car too?
I’m in California.


July 25th, 2007 |

Tags: Foreclosures, Insurance, Life Insurance, Unpaid Credit Cards




What are other sources to find real estate foreclosures to buy?

Renting & Real Estate 4 Comments »
foreclosures
smed_bernard asked:


Are obituaries a good source?


July 24th, 2007 |

Tags: Obituaries, Real Estate Foreclosures




What does my PMI cover, and why has this not covered the losses of recent foreclosures?

Renting & Real Estate 3 Comments »
foreclosures
Daniel asked:


I thought any mortgage with less than 20% down will automatically be paying for PMI (primary mortgage insurance). Why has this not minimized the bank losses with recent foreclosures? Why am I paying it?


July 24th, 2007 |

Tags: Insurance, Losses, Mortgage Insurance, Pmi Insurance




What is the deal about buying foreclosures? what is the process if you need to get it financed?

Renting & Real Estate 6 Comments »
foreclosures
twobits asked:


you see commercials on tv all the time about finding incredible deals are these deals for real? I would love to be able to do that but my funds are squeelky tight.


July 23rd, 2007 |

Tags: Buying Foreclosures, Commercials, Love




How many foreclosures are predicted for 2008?

Renting & Real Estate 1 Comment »
foreclosures
Sonicspinballdash asked:


Just how many foreclosures are predicted for 2008 compared to 2007? With all these good people suffering from home loses, where the heck are they all moving too? There can’t be that many apartments to rent?


July 22nd, 2007 |

Tags: Apartments Rent, Apartments To Rent, Foreclosures, Heck




Are banks hiding from us the true picture of the mortgage crisis? Afre foreclosures on Small Businesses next?

Renting & Real Estate 3 Comments »
foreclosures
Sports Maven asked:


We are seeing the subprime shake out, and if we are in a cyclical cycle, businesses have to close behind.


July 22nd, 2007 |

Tags: Banks, Mortgage Foreclosures, Small Businesses, Subprime




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