Archive for May, 2009

A big, smart, user-friendly guide to managing money in today's uncertain market

Combining expert money management and personal finance tips from our top business and personal finance books, Managing Your Money All-in-One For Dummies is a valuable one-stop resource for readers looking to get a handle on their finances. This hands-on guide covers everything from getting the best mortgage, paying off debt, and saving for the future, to scaling back on expenses, repairing or improving a credit rating, planning an estate, and banking online. Readers will discover how to protect themselves from bankruptcy and foreclosure, retire comfortably, choose a college savings plan, obtain the right insurance, and much more. Read More

foreclosure property

19 Bids

US $2,404.00

1h 11m

FORECLOSURE PROPERTY

25 Bids

US $1,524.00

1h 45m

http://www.phpbay.com/affiliates/jrox.php?id=1586

Mortgage default rates set another record
Mortgage Bankers Association today released a report that revealed 12 percent of borrowers with home loans are behind on their payments or in foreclosure, setting a record that is a 36 basis point increase from just one year ago. In fact, it’s the highest seasonally adjusted rate since the MBA National Delinquency Survey began tracking defaults [...]

Mortgage Bankers Association today released a report that revealed 12 percent of borrowers with home loans are behind on their payments or in foreclosure, setting a record that is a 36 basis point increase from just one year ago.

In fact, it’s the highest seasonally adjusted rate since the MBA National Delinquency Survey began tracking defaults in 1972.

Here’s a snip from Jay Brinkmann, MBA chief economist, on the sobering findings:

“The increase in the foreclosure number is sobering but not unexpected. The rate of foreclosure starts remained essentially flat for the last three quarters of 2008 and we suspected that the numbers were artificially low due to various state and local moratoria, the Fannie Mae and Freddie Mac halt on foreclosures, and various company-level moratoria. Now that the guidelines of the administration’s loan modification programs are known, combined with the large number of vacant homes with past due mortgages, the pace of foreclosures has stepped up considerably.”

The report confirms that adjustable rate mortgages (ARM) that have re-set to higher interest rates and rising unemployment figures are likely the two key contributing factors behind the spike. And it’s being felt the most in Arizona, California, Florida and Nevada, which remain the hardest hit states in the nation, accounting for nearly half (46 percent) of all new foreclosure filings.

For information on foreclosure assistance remember that professional consultants can be reached right here. It’s free help. To check out the latest on the “Making Home Affordable” program and see if it will work for you go here.

foreclosure property

19 Bids

US $2,404.00

1h 11m

FORECLOSURE PROPERTY

25 Bids

US $1,524.00

1h 45m

http://www.phpbay.com/affiliates/jrox.php?id=1586

Foreclosure Web site reviews: Foreclosure.com earns top rating in independent study
Without our prior knowledge, a team of three real estate professionals who represent Inman News — the leading source of independent real estate news, information, advice, research, opinion and commentary for industry professionals and consumers alike — today issued a detailed review of the Foreclosure.com experience. The investigation focused on three major areas: Ease, value [...]

Without our prior knowledge, a team of three real estate professionals who represent Inman News — the leading source of independent real estate news, information, advice, research, opinion and commentary for industry professionals and consumers alike — today issued a detailed review of the Foreclosure.com experience.

The investigation focused on three major areas: Ease, value and power. We’re thrilled to pass along news that Foreclosure.com excelled in these areas, scoring an 86 or better in all three categories.

Here is the top-level summary of the findings:

“On a rating scale of zero to 100, the site scored 86 or higher in all of the three rating categories … with the highest rating (90) for ease of use — based on an average of the three reviewers’ ratings.”

There are numerous positive remarks contained in report that we can hang our hat on; however, there is one from review team member Janet Gorman Krauss, associate broker at Keller Williams Real Estate in Philadelphia, Pa., that really stands out.

Here is her take on our “ease:”

“As an agent (who) has used another foreclosure site for the past several years, I did have a baseline to compare with in my evaluation of Foreclosure.com. The site was easy to use and well organized. The content was exactly what it should have been, detailed and concise. I was surprised to find the telephone numbers of the attorneys, trustees and Realtors listed with the properties, which is a very nice feature.”

What’s so special about this quote? It’s pretty simple: Foreclosure.com prides itself on providing the most accurate and detailed distressed real estate listings available anywhere.

We have an entire research and technology department that is charged with combing through each of our nearly two million nationwide listings, ensuring that they are accurate and contain the most up-to-date contact information as possible.

So when industry professionals put us to the test, and we pass with flying colors, it’s confirmation once again that all of our hardwork and dedication is making a big difference.

Of course, there were other highlights from the review, including praise for our Community Expert Program and Affiliate Program, among others. Check out the entire survey right here (subscription may be required).

And to search the best (and most accurate) foreclosure site on the Web right now click here.

foreclosure property

19 Bids

US $2,404.00

1h 11m

FORECLOSURE PROPERTY

25 Bids

US $1,524.00

1h 45m

http://www.phpbay.com/affiliates/jrox.php?id=1586

HGTV ‘$250,000 Challenge’ sweepstakes could save Los Angeles-area home from foreclosure
The stakes could not be higher for one contestant who is set to appear on HGTVs “$250,000 Challenge,” which is the latest home improvement-inspired program set to debut on the network on Sunday, May 31, 2009. Kelley Alexander of Sherman Oaks, Calif., is a 47-year-old mother of two teen-aged children. She was selected to compete [...]

The stakes could not be higher for one contestant who is set to appear on HGTVs “$250,000 Challenge,” which is the latest home improvement-inspired program set to debut on the network on Sunday, May 31, 2009.

Kelley Alexander of Sherman Oaks, Calif., is a 47-year-old mother of two teen-aged children. She was selected to compete against four other families in the neighborhood “in a series of weekly home improvement and design challenges with the winner ultimately walking away with a newly renovated home” and $250,000.

The timing could not be better — Alexander was apparently served a notice of mortgage default and possible foreclosure action on the first day of filming the show, according to the Chicago Tribune.

Here’s a snip from her:

“We have a bad mortgage. On the first day of [the show], they put foreclosure papers on my door…. It’ll take about $50,000 to save the house.”

Sounds dramatic, which is more than likely the concept. Even if Alexander doesn’t win, hopefully she can somehow still save her home.

“Dancing with the Stars” winner Drew Lachey has been tapped to host “$250,000 Challenge.” For more details on the show, including background on the various homeowners expected to vie for the prize opposite Alexander, click here.

foreclosure property

19 Bids

US $2,404.00

1h 11m

FORECLOSURE PROPERTY

25 Bids

US $1,524.00

1h 45m

http://www.phpbay.com/affiliates/jrox.php?id=1586

Developers take more than a passing interest in tollway real estate - Dallas Morning News

Dallas Morning News

Developers take more than a passing interest in tollway real estate Dallas Morning News, TX KBS, a California real estate investor just bought another office building along the tollway at Spring Valley Road in Farmers Branch. The 12-story Providence Towers was built in 1986 and has about a half-million square feet of space. ...

foreclosure property

19 Bids

US $2,404.00

1h 11m

FORECLOSURE PROPERTY

25 Bids

US $1,524.00

1h 45m

http://www.phpbay.com/affiliates/jrox.php?id=1586

Foreclosure Web site reviews: Foreclosure.com earns top rating in independent study
Without our prior knowledge, a team of three real estate professionals who represent Inman News — the leading source of independent real estate news, information, advice, research, opinion and commentary for industry professionals and consumers alike — today issued a detailed review of the Foreclosure.com experience. The investigation focused on three major areas: Ease, value [...]

Without our prior knowledge, a team of three real estate professionals who represent Inman News — the leading source of independent real estate news, information, advice, research, opinion and commentary for industry professionals and consumers alike — today issued a detailed review of the Foreclosure.com experience.

The investigation focused on three major areas: Ease, value and power. We’re thrilled to pass along news that Foreclosure.com excelled in these areas, scoring an 86 or better in all three categories.

Here is the top-level summary of the findings:

“On a rating scale of zero to 100, the site scored 86 or higher in all of the three rating categories … with the highest rating (90) for ease of use — based on an average of the three reviewers’ ratings.”

There are numerous positive remarks contained in report that we can hang our hat on; however, there is one from review team member Janet Gorman Krauss, associate broker at Keller Williams Real Estate in Philadelphia, Pa., that really stands out.

Here is her take on our “ease:”

“As an agent (who) has used another foreclosure site for the past several years, I did have a baseline to compare with in my evaluation of Foreclosure.com. The site was easy to use and well organized. The content was exactly what it should have been, detailed and concise. I was surprised to find the telephone numbers of the attorneys, trustees and Realtors listed with the properties, which is a very nice feature.”

What’s so special about this quote? It’s pretty simple: Foreclosure.com prides itself on providing the most accurate and detailed distressed real estate listings available anywhere.

We have an entire research and technology department that is charged with combing through each of our nearly two million nationwide listings, ensuring that they are accurate and contain the most up-to-date contact information as possible.

So when industry professionals put us to the test, and we pass with flying colors, it’s confirmation once again that all of our hardwork and dedication is making a big difference.

Of course, there were other highlights from the review, including praise for our Community Expert Program and Affiliate Program, among others. Check out the entire survey right here (subscription may be required).

And to search the best (and most accurate) foreclosure site on the Web right now click here.

foreclosure property

19 Bids

US $2,404.00

1h 11m

FORECLOSURE PROPERTY

25 Bids

US $1,524.00

1h 45m

http://www.phpbay.com/affiliates/jrox.php?id=1586

Cash stays on sidelines in retail real estate investing - SmartBrief

Cash stays on sidelines in retail real estate investing SmartBrief, DC Retail real estate investors are holding on to cash and showing reluctance to invest in the sector. "Is there cash on the sidelines? Absolutely," said Anthony F. Buono, executive managing director of retail services for the Americas at CB Richard Ellis ...

foreclosure property

19 Bids

US $2,404.00

1h 11m

FORECLOSURE PROPERTY

25 Bids

US $1,524.00

1h 45m

http://www.phpbay.com/affiliates/jrox.php?id=1586

Life can be tough for real estate professionals these days. Even with interest rates at historically low levels, the uncertain economy makes homeowners hesitant to relocate or trade up. There just aren't that many clients out there, and the few who exist generate fierce competition. In fact, it seems the single ""hot area"" is foreclosures. But that's not necessarily bad news.

Conti and Finkel's book is a good ""crash course"" for real estate brokers and agents wanting to understand this area and explains the intricacies involved in funding investment deals, using various buying/closing methods and employing exit strategies. Thanks to the book as well as workshops and seminars offered by the two authors, thousands of people each year learn the art of lucrative real estate investing.

Customer Review: Investing in Foreclosures
Easy to read and understand. The Foreclosure process and strategies are presented with real life examples that help you to apply and to formulate your own strategies. It is also a good reference book.
Customer Review: Powerful evidence
Making Big Money Investing in Foreclosures without cash or credit is a morally courageous examination of real estate investing!! Peter Conti gives powerful evidence of new ways of investing. In this successful oriented book the author minimizes risk taking and explores objective ways towards successful investing. Must read!! Read More

foreclosure property

19 Bids

US $2,404.00

1h 11m

FORECLOSURE PROPERTY

25 Bids

US $1,524.00

1h 45m

http://www.phpbay.com/affiliates/jrox.php?id=1586

Now might be a good time to pick up some real estate REITs - USA Today

Now might be a good time to pick up some real estate REITs USA Today A: Real estate investment trusts (REITs) are an interesting way for investors to get a piece of real estate without the daily headaches. Most REITs own commercial property like apartment buildings, strip malls and office buildings. ... Bills boosting capital market OK'd BusinessWorld Online Reit way to grow mydigitalfc.com Japan's J-REIT Market to Get a $10.5 Billion Bailout Seeking Alpha Seeking Alpha all 7 news articles

foreclosure property

19 Bids

US $2,404.00

1h 11m

FORECLOSURE PROPERTY

25 Bids

US $1,524.00

1h 45m

http://www.phpbay.com/affiliates/jrox.php?id=1586

In Commercial-Property Market, Hope for Revival Takes Hit - Wall Street Journal

In Commercial-Property Market, Hope for Revival Takes Hit Wall Street Journal Developers Diversified Realty Corp., an owner of 710 shopping centers globally, is preparing to be among the first real-estate-investment trusts to borrow against properties through the program. Developers Diversified is assembling a pool of at least ... Are US Reits such a swell investment? Investors Chronicle New Fed Loan Package Stirs Commercial Capital Markets Real Estate Channel Coming soon: a wave of CMBS downgrades FT Alphaville all 24 news articles

foreclosure property

19 Bids

US $2,404.00

1h 11m

FORECLOSURE PROPERTY

25 Bids

US $1,524.00

1h 45m

http://www.phpbay.com/affiliates/jrox.php?id=1586