Comments on: Why Real Estate Forclosures Will Continue to Increase

By: Staten Island Real Estate Agent

Staten Island Real Estate Agent — Thu, 30 Jul 2009 16:03:57 +0000

As poor as the economy is their are those that can buy. If you have the means to purchase a home, now is the time to buy. Interest rates are low, as well as home prices. Now is the time too get rich.

By: Woodstock foreclosures

Woodstock foreclosures — Sat, 14 Feb 2009 19:04:32 +0000

It looks like foreclosures are going to now increase into 2009 too. Who would of thought that when this article was written?

By: Bulgaria Real Estate Investing

Bulgaria Real Estate Investing — Thu, 25 Oct 2007 10:54:19 +0000

The answer is within the question!
What is Foreclosure?
Foreclosure is a legal process by which a local government takes title to a property. In Bulgaria this is done when all attempts to collect property taxes on the property have failed.

By: Real Estate Blog

Real Estate Blog — Mon, 08 Oct 2007 22:25:24 +0000

I totally agree that foreclosures are going to increase. Many people entering the housing market tend to forget that any increase in interest rates will put them under increasing pressure expecially if they were stretched in the first place.

By: linda

linda — Fri, 05 Oct 2007 21:13:36 +0000

Great investment opportunity in Costa Rica, costa rica real estate, real estate beach, costa rica condos
Visit us for more information at w.jaco-bay.com

By: Real Estate Attorney, Miami Beach

Real Estate Attorney, Miami Beach — Fri, 05 Oct 2007 20:45:29 +0000

More and more buyers and sellers are taking advantage of short sales here in South Florida. Many lenders are accepting seller loan payoffs as low as 75% of the Loan amount, as long as the seller receives zero proceeds at closing. Sometimes it is simply a matter of suggesting the seller ask his or her lender.
http://www.southptc.com/

By: Real Estate Guru

Real Estate Guru — Thu, 04 Oct 2007 22:35:12 +0000

Yes, too many “great deals” can lead to disaster which is happening now. Thanks for stopping by Robin!

By: Real Estate Guru

Real Estate Guru — Thu, 04 Oct 2007 22:34:14 +0000

Hi Kathy, thanks for your comment. That’s a very good point that you deal directly with the banks instead of the seller on foreclosures so have your check book ready!

By: Kathy Neilsen

Kathy Neilsen — Thu, 04 Oct 2007 16:32:32 +0000

Here is Southern California, we seem to be at the center of the real estate flop with record high foreclosures and short sales. I have to say it’s much easier to work a foreclosure than a short sale. Although buyers don’t realize this and often think the opposite. It’s frusterating to work on shortsale and in the end the deal falls through. Foreclosures on the other hand has all the negotiating upfront and if the offer is excepted then it’s a done deal, many banks drive a pretty hard bargain as far as contingencies and such so there’s very little wiggle room. The buyer better be prepared to move forward quickly. I make sure every buyer knows this going in, they’re not dealing with a owner seller their dealing with a bank and the bottom line is time and money. I like that, it gets rid of the looky loos quickly. Especially when they find out what happens if escow gets delayed via the buyers side.
Kathy Neilsen

By: Robin Willis

Robin Willis — Wed, 03 Oct 2007 22:20:16 +0000

We’re having the same problem in Arizona. There are still so many of these “Great Deals” on interest rates and consumers don’t seem to realize that they are not going to be helped by getting into a house they can’t afford. As an agent, I am already working with short sales and will continue to do so for quite some time it appears. Thanks for the informative blog.