August 27, 2008
- Neighbors sometimes deal with aftermath of foreclosures
A human interest piece, coming from the Dayton Daily News that really expresses the way that foreclosures affect not just the home owner, but the neighborhood too.
Every day, free advertising leaflets are dropped off on the driveway of the vacant house next to Bob Johnson’s home.
And every week, he goes next door to pick up [...]
August 25, 2008
- Zillow Pillow Justice
A hilarious video is making the rounds online about "pillow justice". In reality, it's a plug for the real estate site Zillow.com.
I use Zillow all the time, and if you've never been over there, you should go and take a tour. In their early days, it was pretty much just a way to look up [...]
August 24, 2008
- Buffet on the economy and Mae and Mac
MSNBC has reported that Warren Buffet is predicting that the feds are going to bail out Fannie Mae and Freddie Mac. Sorry Mr. Buffet, I think I blogged about that likelihood last week. The only problem is that the government will probably not step in soon enough. FM and FM are bleeding red right now.
About [...]
August 23, 2008
- Home prices down 29.3% in California
A report in the SFGate on the state of real estate in the Bay area:
Cut-rate foreclosed homes being unloaded by banks wreaked havoc on the Bay Area’s median price in July, sending it down nearly 30 percent to a level not seen in more than four years.
A year earlier, just 4.2 percent of existing-home sales [...]
August 17, 2008
- Finding Ways to Fund Your Foreclosure Purchase
Finding Ways to Fund Your Purchase of a Foreclosure Property
Just because you don't have $200,000 sitting around in your savings account doesn't mean that you can't take advantage of the foreclosure market. Here are three ways of getting the seed money that you need in order to profit.
1. Leveraging (partnership). A partnership can be a [...]
August 15, 2008
- U.S. Foreclosure forcast is international news
Even the BBC is talking about the foreclosure crisis in the United States.
Of course, those of us at home know that foreclosures are on the rise, we only need to look around our own neighborhoods.
According to the BBC report:
More than 272,000 people in the US received a foreclosure notice in July, a rise of 55% [...]
August 14, 2008
- Foreclosures and home inspections
Reducing risk when buying foreclosures is important. If you're hoping to make a wise investment of your time and money, then paying for a home inspection is a no-brainier.
As a best practice, you should always pay for a home inspection when you buy a foreclosure. It's not required, but it's a must-have risk reduction tool. [...]
