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Archive for August, 2007

How do I get my hands on some foreclosures and short sells?

Renting & Real Estate 4 Comments »
foreclosures
LACEY Q asked:


I have searched online, but they all want you to pay some membership fee to look at the listings. Is there anywhere you can buy them directly and make an offer without having to go through all the middle men!


August 7th, 2007 |

Tags: Foreclosures, Membership Fee, Middle Men




Who’s responsible for the mass number of recent and upcoming home foreclosures?

Renting & Real Estate 12 Comments »
foreclosures
John L asked:


A significant number of people that don’t qualify for traditional home loans accept subprime loans to get into a home of their own, often without understanding that their mortgage will jump dramatically.

Lenders, on the otherhand, are making loans to people that can barley make the starting mortgage and will find it almost impossible to make the payment once the mortgage increases.

Many people got into these loans with the expectation that the value of their home would increase and they could refinance, but in the current cool market it’s nearly impossible to refinance.

Again, who’s to blame? A person for taking the loan they can’t afford or the lender that knows that the family will probably lose the house?


August 5th, 2007 |

Tags: Barley, Home Foreclosures, Lenders, Mortgage




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