Homeowners who feel they’ve been wrongly foreclosed on by their lender now have until Sept. 30, 2012 to request a free review of their case. Deadline Extended for Foreclosed Home Owner Reviews
Buying a Foreclosure: Is the Stigma Gone?
92 percent of buyers now say they’d be interested in buying a foreclosed home. But the deals aren't as good as they used to be. Buying a Foreclosure: Is the Stigma Gone?
Condition of Local Foreclosures Gets a Thumbs Down
Group grades condition of foreclosures, offers a thumbs down.
A group visited 121 bank-owned homes in the Baltimore metro area and gave less than a third a good grade based on factors such as whether there was trash strewn about, overgrown grass, property damage and unsecured doors.
The Three Stages of Foreclosure - Opportunities for Investors
Over the past few days, I've been doing some research for a client on recent Anne Arundel County (Md.) foreclosure activity. And it occured to me that most homeowners and those interested in investing in real estate are not familiar with the foreclosure process. A basic understanding of the process can dramatically increase the odds of successfully purchasing such properties as an investment, if you are interested in doing so. Money Magazine in 2006 published a wonderful article on the basics of the foreclosure process and the best points to enter the process should you want to try to snag a bargain property. You can find the article here: http://money.cnn.com/2006/09/13/real_estate/foreclosure_archive/index.htm
The main point of the article is that though there currently are a large number of foreclosure properties available, swooping in to get a huge discount is not an easy thing to do. The best bargains usually come in stage 2 -- the auction phase -- but this practice is fraught with difficulties.
For more information on this subject -- and to get a FREE list of foreclosure properties in the Maryland area, contact me at (443) 924-7418.
