The Real Estate Professional » Foreclosures http://www.rexprofessional.com Fri, 10 Feb 2012 06:54:31 +0000 en hourly 1 http://wordpress.org/?v=3.1 Was The End of 2009 Just The Beginning For Home Foreclosures? http://www.rexprofessional.com/was-the-end-of-2009-just-the-beginning-for-home-foreclosures.htm http://www.rexprofessional.com/was-the-end-of-2009-just-the-beginning-for-home-foreclosures.htm#comments Wed, 27 Jan 2010 05:36:22 +0000 admin http://www.rexprofessional.com/was-the-end-of-2009-just-the-beginning-for-home-foreclosures.htm Last year we kept hearing how the recession was over or almost over and things were going to look up at any moment. Well, 2009 came and went and we soon discovered that the recession was, in fact, not over. The question now is not if millions of people are going to lose their homes—which read more

]]> Last year we kept hearing how the recession was over or almost over and things were going to look up at any moment. Well, 2009 came and went and we soon discovered that the recession was, in fact, not over. The question now is not if millions of people are going to lose their homes—which read more

]]> http://www.rexprofessional.com/was-the-end-of-2009-just-the-beginning-for-home-foreclosures.htm/feed 0 The Future of Foreclosures in Florida http://www.rexprofessional.com/the-future-of-foreclosures-in-florida.htm http://www.rexprofessional.com/the-future-of-foreclosures-in-florida.htm#comments Mon, 25 Jan 2010 07:36:44 +0000 admin http://www.rexprofessional.com/the-future-of-foreclosures-in-florida.htm While the current recession languishes on, some states are suffering from a huge backlog of foreclosures in the process and large numbers of foreclosed homes on the market. Florida is one such state, having the third highest mortgage payment delinquency rate behind both the sunshine state of read more

]]> While the current recession languishes on, some states are suffering from a huge backlog of foreclosures in the process and large numbers of foreclosed homes on the market. Florida is one such state, having the third highest mortgage payment delinquency rate behind both the sunshine state of read more

]]> http://www.rexprofessional.com/the-future-of-foreclosures-in-florida.htm/feed 2 Short Sales & Foreclosures: Buying Homes in Peril http://www.rexprofessional.com/short-sales-foreclosures-buying-homes-in-peril-2.htm http://www.rexprofessional.com/short-sales-foreclosures-buying-homes-in-peril-2.htm#comments Sun, 24 Jan 2010 08:38:01 +0000 admin http://www.rexprofessional.com/short-sales-foreclosures-buying-homes-in-peril-2.htm The economic climate of the past year or so has led to the proliferation of homes in distress, facing short sales and foreclosures; many of these homes have made it to market where buyers are hungry to snatch up deals. While many prospective home buyers are eager to lay claim to one of these read more

]]> The economic climate of the past year or so has led to the proliferation of homes in distress, facing short sales and foreclosures; many of these homes have made it to market where buyers are hungry to snatch up deals. While many prospective home buyers are eager to lay claim to one of these read more

]]> http://www.rexprofessional.com/short-sales-foreclosures-buying-homes-in-peril-2.htm/feed 0 Feldman Law Center – Foreclosures Overwhelming California Homeowners http://www.rexprofessional.com/feldman-law-center-foreclosures-overwhelming-california-homeowners.htm http://www.rexprofessional.com/feldman-law-center-foreclosures-overwhelming-california-homeowners.htm#comments Sat, 23 Jan 2010 09:37:07 +0000 admin http://www.rexprofessional.com/feldman-law-center-foreclosures-overwhelming-california-homeowners.htm Feldman Law Center - News by Feldman Law Center -- Unfortunately, California homeowners are being overwhelmed by foreclosures, and many people feel there is no end in sight to the situation. Legislation from California and the federal government has helped some people, but it is not enough. read more

]]> Feldman Law Center - News by Feldman Law Center -- Unfortunately, California homeowners are being overwhelmed by foreclosures, and many people feel there is no end in sight to the situation. Legislation from California and the federal government has helped some people, but it is not enough. read more

]]> http://www.rexprofessional.com/feldman-law-center-foreclosures-overwhelming-california-homeowners.htm/feed 0 Riding the 2nd Wave of Foreclosures http://www.rexprofessional.com/riding-the-2nd-wave-of-foreclosures.htm http://www.rexprofessional.com/riding-the-2nd-wave-of-foreclosures.htm#comments Fri, 22 Jan 2010 10:38:51 +0000 admin http://www.rexprofessional.com/riding-the-2nd-wave-of-foreclosures.htm Driving South on Interstate 75 in Marietta, GA everyone on their way to work looks up to see the big realty company sign that tells how many listings are on the market, waiting to be sold.   The numbers have finally made it back in the 70,000 range which is what we used to call "normal" when read more

]]> Driving South on Interstate 75 in Marietta, GA everyone on their way to work looks up to see the big realty company sign that tells how many listings are on the market, waiting to be sold.   The numbers have finally made it back in the 70,000 range which is what we used to call "normal" when read more

]]> http://www.rexprofessional.com/riding-the-2nd-wave-of-foreclosures.htm/feed 1 Habitat For Humanity Homes Booming in The Current Climate of Foreclosures http://www.rexprofessional.com/habitat-for-humanity-homes-booming-in-the-current-climate-of-foreclosures.htm http://www.rexprofessional.com/habitat-for-humanity-homes-booming-in-the-current-climate-of-foreclosures.htm#comments Wed, 20 Jan 2010 12:37:18 +0000 admin http://www.rexprofessional.com/habitat-for-humanity-homes-booming-in-the-current-climate-of-foreclosures.htm While the numbers won't be available for this year's foreclosures for some months yet, the numbers for homes lost due to foreclosure for last year are easily available for those who're brave enough to take a look at them. Reported losses to foreclosures range as high as a million homes lost for read more

]]> While the numbers won't be available for this year's foreclosures for some months yet, the numbers for homes lost due to foreclosure for last year are easily available for those who're brave enough to take a look at them. Reported losses to foreclosures range as high as a million homes lost for read more

]]> http://www.rexprofessional.com/habitat-for-humanity-homes-booming-in-the-current-climate-of-foreclosures.htm/feed 0 Short Sales & Foreclosures: Buying Homes in Peril http://www.rexprofessional.com/short-sales-foreclosures-buying-homes-in-peril.htm http://www.rexprofessional.com/short-sales-foreclosures-buying-homes-in-peril.htm#comments Mon, 18 Jan 2010 14:35:59 +0000 admin http://www.rexprofessional.com/short-sales-foreclosures-buying-homes-in-peril.htm The economic climate of the past year or so has led to the proliferation of homes in distress, facing short sales and foreclosures; many of these homes have made it to market where buyers are hungry to snatch up deals. While many prospective home buyers are eager to lay claim to one of these read more

]]> The economic climate of the past year or so has led to the proliferation of homes in distress, facing short sales and foreclosures; many of these homes have made it to market where buyers are hungry to snatch up deals. While many prospective home buyers are eager to lay claim to one of these read more

]]> http://www.rexprofessional.com/short-sales-foreclosures-buying-homes-in-peril.htm/feed 0 Getting a Real Bargain from Foreclosures http://www.rexprofessional.com/getting-a-real-bargain-from-foreclosures.htm http://www.rexprofessional.com/getting-a-real-bargain-from-foreclosures.htm#comments Sun, 17 Jan 2010 15:36:50 +0000 admin http://www.rexprofessional.com/getting-a-real-bargain-from-foreclosures.htm If you are considering buying a foreclosed property for either investment or as a second home, you may be on the right path. However, buying a foreclosed home comes with inherent risks. You have to be knowledgeable regarding foreclosures, and this is the reason why I have put all these tips read more

]]> If you are considering buying a foreclosed property for either investment or as a second home, you may be on the right path. However, buying a foreclosed home comes with inherent risks. You have to be knowledgeable regarding foreclosures, and this is the reason why I have put all these tips read more

]]> http://www.rexprofessional.com/getting-a-real-bargain-from-foreclosures.htm/feed 0 More Foreclosures on The Horizon in Q4 http://www.rexprofessional.com/more-foreclosures-on-the-horizon-in-q4.htm http://www.rexprofessional.com/more-foreclosures-on-the-horizon-in-q4.htm#comments Sun, 10 Jan 2010 14:53:51 +0000 admin http://www.rexprofessional.com/more-foreclosures-on-the-horizon-in-q4.htm 2009 may just go down in the record books as "the year of the foreclosure" for homeowners across the country and it doesn't look like things are going to improve any time soon. The number of foreclosures hit record highs by the midsummer at over one million foreclosures being filed at that time. read more

]]> 2009 may just go down in the record books as "the year of the foreclosure" for homeowners across the country and it doesn't look like things are going to improve any time soon. The number of foreclosures hit record highs by the midsummer at over one million foreclosures being filed at that time. read more

]]> http://www.rexprofessional.com/more-foreclosures-on-the-horizon-in-q4.htm/feed 0 Learn How to Buy Foreclosures http://www.rexprofessional.com/learn-how-to-buy-foreclosures.htm http://www.rexprofessional.com/learn-how-to-buy-foreclosures.htm#comments Sat, 24 Oct 2009 07:39:52 +0000 admin http://www.rexprofessional.com/?p=173 If an individual who has taken out a loan defaults on it, the lending agency that gave the loan wants to be able to recoup their losses from the unpaid loan. One way they do that is by means of foreclosure, a process by which property is taken over or sold. This potentially devastating process happens all the time to people who have purchased homes.

There are basically four different ways that the foreclosure process can end in your case, one being that the borrower could reinstate the loan by paying off the default amount during a grace period. The borrower could also sell the property to a third party during the pre-foreclosure period or a third party could buy the property at a public auction at the end of the pre-foreclosure period.

The lender whose loan has been defaulted on could also choose to take possession of the property. If they do this, it would traditionally be with the goal of selling it on the market.

Buying Foreclosures: How?

Choosing to buy a foreclosure property can be an excellent way to save a bundle of money on a real estate purchase. Before you start buying any property, however, it would be most advantageous to learn more about how to go about buying a foreclosure. Following some wise steps will help you make sure that everything works out well.

Begin by finding schedules in your area that are going to be foreclosed on. There are two main sources from which you can obtain this information; they are local newspapers and the Internet. It would also be wise to contact some real estate agents in the area and express your desire to purchase a foreclosure property.

The next steps are extremely important parts of the buying process: inspection and investigation. Any foreclosure property that you are thinking about buying should be well inspected by you so that you will be able to figure out its value based on its current condition. You need to determine ownership, investigate any possible liens, and figure out what problems the property might already have.

Remember when learning how to buy foreclosures that the foreclosure proceedings can be quite complicated and so therefore you need to be aware of your states legal procedures for the acquiring of foreclosed properties. Also remember that depending on the specific reason for the foreclosure sale there may be a redemption period and this means that the previous owners would be able to make payment in full and get their property back so you should never get too far ahead of yourself.

Written by William Blake at http://www.debtreductionacademy.com

]]> http://www.rexprofessional.com/learn-how-to-buy-foreclosures.htm/feed 0