CP Homebuyers Shows Consumers How to Sell Their House in as Little as Five Days

Facing foreclosure? Sell Off Your House in As Little as 5 Days

CPHomebuyers.com offers relief to those facing foreclosure on their homes. They are currently selling an informational packet at their site that claims to help you sell your home extremely quickly. Instead of losing your home and having your credit devastated from foreclosure, the the site says that you can prevent those worst case scenarios and even have the opportunity to move into a “downsized” house instead. Perhaps it is a good idea to review their site to see if they offer anything of real value. If you are on the other side of the spectrum and are looking to invest in foreclosure properties, then you might want to contact the owner of CP Home Buyers, Chris Puddy for a potential partnership. His contact information can be found through his website.

Here is the link to the press release announcing this service:

Here is the link to cphomebuyers.com.

 

The Game Is Virtual. The Profit Is Real. - New York Times

Paying off your mortgage– by playing video games?

This isn’t an article about foreclosures per se, but it did catch my interest. A gentleman by the name of Jason Ainsworth plays an online game called Second Life where he is runs a virtual real estate development business. The bottom line from this? He makes about $1,800 per month after taxes from 4 hours a day on this game everyday. Apparently that’s enough to pay those annoying mortgage bills on his home in Las Vegas.

Mr. Ainsworth isn’t the only one making money off of Second Life, there are hundreds of others like him who are seeking to gain a partial income while others take it as a full time job. Ailin Graef for instance is on par to make $100,000 (real money, not digital) as a virtual real estate magnate. Who says games are a waste of time? But seriously, this isn’t for everyone, and not all want to play a game to make real profit. You notice how the word “Real Estate” keeps cropping up, except in this case it’s all virtual. So maybe for the resourceful and avante garde of the investors out there may gain some ideas from this. But I wouldn’t quit my day job as a real estate foreclosure investor just yet. Check out the following (FREE registration required) New York Times article for fun details .

What's the deal with interest only mortgages?

What exactly are interest-only mortgages you hear everyone and his grandmother talking about?

In this environment of increasing housing costs and decreasing paychecks and job uncertainty, one of the major selling points of an interest-only mortgage is that it enables someone to purchase a higher valued home. It’s important to understand though not having to pay principal for a set number of years and thus not having equity in your home during those years means you can have a fancier roof over your head for the time being, in the medium to long run if this decision is not carefully planned out, you can put yourself in the poor house and end up in total financial disarray resulting in foreclosure on your home. To learn more about interest only mortgage do’s and don’ts and for a basic definition, visit What's the deal with interest only mortgages?

Foreclosures cheap, but not THAT cheap

Foreclosures cheap, but not THAT cheap

Here is an article that will encourage you to get started with foreclosures- with your seatbelts securely fastened. The world of real estate can be a quick way to lose a whole lot of cash and foreclosure are no exception.

With interest rates at record lows and the stock market looking too perilous for small investors, many people are putting money in an asset they understand -- real estate. The current market conditions make it a perfect time for a small investor to purchase one or more foreclosure properties for their private residence, rental or resale. During economic downturns, more upscale homes go into foreclosure, so the notion that foreclosure homes are only available in crime-ridden areas is inaccurate. That lender may be willing to waive some closing costs, maybe even offer a break on the interest rate or the down payment. Todd Beitler, owner of the Real Estate Library in Boca Raton, Fla., says the time and effort can translate to savings. For most consumers, however, the foreclosure process can prove daunting, Reed says. Often, foreclosures bank owned is sold by a real estate agent Mr. Reed says.

Freedom Foreclosure Prevention Services Your Key to Financial Indepencence

Freedom Foreclosure Prevention Services Your Key to Financial Indepencence

This seems like a creative way to earn income through real estate foreclosures. Freedom Foreclosure Prevention Services seems to offer some sort of program that allows anyone to work from home with a potentially lucrative real estate business while keeping start up costs low. Instead of focussing on flipping foreclosures for a quick profit, why not help others and earn 1000’s a week according to Freedom Foreclosure Prevention Service.

Here are a few points that they mention:

Save Home Owners from Foreclosure
You get State of the Art Marketing Tools
You get Loss Mitigation Specialist Training
You get Advanced Seminar Programs
Career Opportunities Available
Potential Six-Figure Income
Tap into the Multi-Trillion Dollar
Foreclosure/Loss Mitigation Industry

This not only seems like a very great opportunity for entrepreneurs, but you can also feel good about yourself by helping others learn about their foreclosure options and ultimately have a hand in preventing the foreclosing process on someone’s home. It’s certainly a win-win situation.

 

New York State Legislators Take On Predatory Real Estate Scams;Assembly Holds Hearing on Deed Theft, Foreclosure Rescue Scams - Yahoo! News

New York State Legislators Take On Predatory Real Estate Scams;Assembly Holds Hearing on Deed Theft, Foreclosure Rescue Scams - Yahoo! News

It’s actually quite frightening that there are individuals out there willing to scam already downtrodden homeowners feverishly desperately trying to save their homes from foreclosure proceedings. It’s great that the New York State Senate and Assembly have been introducing more legislation to protect innocent homeowners from these dastardley scams. Sigh, the seniors and low income owners have bene targetted highly as well. I hope that more homeowners know about protective measures and foreclosure options.

 

 

 

Foreclosure on Real Property

Foreclosure on Real Property

This article poses some interesting caveats and scenarios to determine what rights you have in a foreclosure and when you have right of redemption and when you are liable to pay deficiency costs on your foreclosed property.

Real estate foreclosure industry news.

RealtyTrac March U.S. Foreclosure Market Report Shows Increase in Pre-Foreclosure and Foreclosure Properties

RealtyTrac March U.S. Foreclosure Market Report Shows Increase in Pre-Foreclosure and Foreclosure Properties

The RealtyTrac monthly U.S. foreclosure market report provides this graphical map that illustrates foreclosure percentiles by state.

According to the report, five states constituted more than 45 percent of all March foreclosures -- Florida, Utah, Georgia, Texas and Colorado.

For the second month in a row, Florida had the highest rate of foreclosures, more than two and a half times the national average.

The RealtyTrac Monthly U.S. Foreclosure Market Report provides a graphical map that illustrates foreclosure percentiles by state (appended to this press release or available by request), as well as the total number of homes in some stage of foreclosure nationwide and by state over the preceding month.

Real Estate Foreclosure News

Free Foreclosure Listings in NY

Free Foreclosure Listings in NY

Here are some simple tricks to find free foreclosure listings for bank owned properties in the New York area. There are also some informative real estate articles pertaining to the foreclosure niches of HUD, Bank owned, VA, and other government owned properties.

HUD News Release 05-065

HUD News Release 05-065

 

The HUD (Housing and Urban Development) is has currently suspended the activities of 3 people who were involved in a violation of HUD regulations relating to the review of New Haven’s public housing units and is proposing to disbar them.

HUD issued letters this week to HANH Executive Director Cynthia Newton, HANH Deputy Executive Director Edward Schwartz and independent contractor James Hanley informing them that under their suspensions they were immediately prohibited from participating in federal programs, pending the outcome of their debarment.

If the proposed debarment is made final, they would be prohibited from doing new business with the federal government or federal funding recipients, including public housing authorities for a period of three years.

The suspensions and proposed debarments are the result of actions that resulted in an inaccurate assessment of the physical condition of public housing units in HANH's inventory.

The inspections are part of HUD's Public Housing Assessment System (PHAS), the assessment tool HUD uses to rate public housing authority performance.

HUD foreclosures are one aspect of this department’s plethora of programs designed to assist and maintain home ownership levels in the United States.

Cortez Journal Online - Cortez Colorado

"It's like a fresh start," said expectant mother Kerri Orr as she and her husband, Jerry, moved into their brand new three-bedroom, two-bathroom house on April 15.

They were able to purchase their home with the help of Housing Solutions of the Southwest.

Christina Cordalis, housing rehabilitation manager with Housing Solutions for the Southwest, described the scene as one of tearful jubilation.

Housing Solutions for the Southwest is a nonprofit agency that serves the five-county region of Archuleta, Dolores, La Plata, Montezuma and San Juan counties.

Last year 106 families in Montezuma County were helped at an overall cost of $430,170.

Programs that Housing Solutions provide are weatherization, rehabilitation, Section 8 rental assistance, transitional housing, emergency homeless prevention, homeward bound and housing counseling.

They are also a HUD home purchasing agency, which means the agency can purchase HUD foreclosures before it is available to the public and investors.

In the Orr's case, Housing Solutions bought an old house at 510 S. Beech that had been "an eyesore for many years," according to Cordalis.

In order to meet financial approval for the HUD program, homebuyers can make up to 115 percent of the area median income.

For the homeowner's rehabilitation program, participants can make up to 80 percent of the area median income.

 

Cortez Journal Online - Cortez Colorado

Home & real estate: Flipping real estate without breaking the bank.

The leap from salaried manager at a $48 billion public company to residential real-estate entrepreneur wasn't impulsive, Galasso said. Galasso, 38, is among the growing ranks of weekend real-estate investors in the area who, encouraged by a housing market that continues to sizzle and buoyed by the success of initial deals, have decided to pursue the practice full time. Galasso is a member of the Real Estate Association of Puget Sound, or REAPS, a nonprofit real-estate education group that has tripled its membership to 900 since 2003. Often, this means looking for properties owned by motivated sellers --- owners facing real estate foreclosure or people who don't have the time or money to fix up their homes.· Signing lease-option deals in which investors rent out a property at above-market rent to a tenant who wants the right to buy the place at the end of the lease. Kerry Hemmingsen, another partner, told the 20 or so investors who came to an April 21 meeting that 1,400 foreclosures take place each month in King, Pierce and Snohomish counties combined, the majority because of divorces.

The Seattle Times: Home & real estate: Flipping real estate ... without getting burned

New Foreclosure Inventory in U.S. Stays the Course in April, Announces Foreclosure.com

According to foreclosure.com, 27,417 new foreclosure properties were listed for sale in the United States during April 2005. This actually represents a decrease by 3 percent from the previous month. According to Brad Geisen, the president and CEO of Foreclosure.com, this slight decrease represents a stabilization in the housing market, and the ongoing high amounts of real estate foreclosure properties reflects the levelling off of home values and current interest rates. For more information on this article and a state by state break down of foreclosure property numbers in the United States, please visit the following press release.

New Foreclosure Inventory in U.S. Stays the Course in April, Announces Foreclosure.com

HUD News Release 05-059

This is an important trend that affects those seeking real estate foreclosures in the United States. Government agencies are cracking down harder on predatory lending practices against home owners and are not requiring lenders to enact greater initiatives in saving a borrower from having to undergo FHA government foreclosures.

HUD News Release 05-059