Archive for December, 2009

Celebrity foreclosures list among ‘biggest real estate flops’ of 2009
TheStreet.com today printed an article about “The Biggest Real Estate Flops of 2009.” Unsurprisingly, the high profile financial troubles of “A-list” actor, Nicolas Cage, made the top five not-so distinguished list. He recently lost two of his New Orleans homes to foreclosure after it was revealed that he apparently owes the Internal Revenue Service (IRS) more [...]

TheStreet.com today printed an article about “The Biggest Real Estate Flops of 2009.”

Unsurprisingly, the high profile financial troubles of “A-list” actor, Nicolas Cage, made the top five not-so distinguished list. He recently lost two of his New Orleans homes to foreclosure after it was revealed that he apparently owes the Internal Revenue Service (IRS) more than $6 million in unpaid taxes.

Here’s more on his unlucky real estate investments:

“… his Bel Air mansion was on the market for $35 million before its price was dropped to $17.5 million. It sold for an estimated $15 million. His $9 million apartment in New York fetched $7 million, and he still may need to sell his $8 million castle in Bath, his $12 million home in Rhode Island and his $9.49 million home in Las Vegas just to make ends meet.”

Ponzi-schemer Bernard Madoff, as well as the former home of the Detroit Lions, The Pontiac Silverdome, are also featured in the article. To check out more on Cage, Madoff, the Silverdome and other distressing stories check out our celebrity foreclosures archive right here.

foreclosure property

19 Bids

US $2,404.00

1h 12m

FORECLOSURE PROPERTY

25 Bids

US $1,524.00

1h 46m

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

American Graffiti: ‘Help! Foreclosure’
Mary Ann Herrera of San Antonio, Texas, illustrates her foreclosure frustration with spray paint: It seems as though Herrera’s “painted public plea” worked … at least for now. After eight months her mortgage loan was eventually modified to a lower amount; however, she’s still having trouble making ends meet because of the debt she racked up while [...]

Mary Ann Herrera of San Antonio, Texas, illustrates her foreclosure frustration with spray paint:

It seems as though Herrera’s “painted public plea” worked … at least for now.

After eight months her mortgage loan was eventually modified to a lower amount; however, she’s still having trouble making ends meet because of the debt she racked up while in financial dire straits.

Hopefully, she can negotiate a more affordable rate with her lender through the “Making Home Affordable” program before losing the house to foreclosure.

foreclosure property

19 Bids

US $2,404.00

1h 12m

FORECLOSURE PROPERTY

25 Bids

US $1,524.00

1h 46m

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

Smallest apartment in NYC (New York City) …
… belongs to “cozy-crazy couple” Zaarath and Christopher Prokop and their two cats, according to the New York Post: It’s a 175-square-foot Manhattan “microstudio” located in the Morning Heights neighborhood, which the couple recently purchased for $150,000. Believe it or not, but the super downsized space does have its benefits: “… [we can spend money in] areas that [...]

… belongs to “cozy-crazy couple” Zaarath and Christopher Prokop and their two cats, according to the New York Post:

It’s a 175-square-foot Manhattan “microstudio” located in the Morning Heights neighborhood, which the couple recently purchased for $150,000.

Believe it or not, but the super downsized space does have its benefits:

“… [we can spend money in] areas that make our lives better [like restaurants and vacations]…. We get to really experience life and enjoy ourselves. We eat out all the time. On the weekends, we’re outside exploring the neighborhood. We’re at Riverside Park all the time. We’re not nesters. This apartment is perfect for someone active. If you want to stay home or entertain, this is just not the apartment for you…. No one ever stays too long. It’s too small.”

To each their own.

foreclosure property

19 Bids

US $2,404.00

1h 12m

FORECLOSURE PROPERTY

25 Bids

US $1,524.00

1h 46m

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

Weekly Twitter Digest from Foreclosure.com (2009-12-12)
Report: Nine Scientifically Proven Ways to Get Retweeted on Twitter http://ffs.cc/a/5pzhqm SC # Cities Recovering From The Foreclosure Crisis http://ffs.cc/a/s96djp SC # Attention students (and parents): “How to solve the foreclosure crisis” essay contest ends in 2 weeks! http://ffs.cc/a/qwuqpg TM # New York City’s tiniest studio apartment is only 177 sq. ft! ($847 sq. ft.) http://bit.ly/93dWwZ [...]

• Report: Nine Scientifically Proven Ways to Get Retweeted on Twitter http://ffs.cc/a/5pzhqm SC #
• Cities Recovering From The Foreclosure Crisis http://ffs.cc/a/s96djp SC #
• Attention students (and parents): “How to solve the foreclosure crisis” essay contest ends in 2 weeks! http://ffs.cc/a/qwuqpg TM #
• New York City’s tiniest studio apartment is only 177 sq. ft! ($847 sq. ft.) http://bit.ly/93dWwZ SC #
• Former NBA star, Antoine Walker, slum lording in Chicago’s South Side? http://ffs.cc/a/yniyrg TM #
• Deal of the Day, Pearl Harbor edition: 3 bed/2 br 1,035 sq. ft. Hawaii condo. Pot. equity = $265,170 (143% under!) http://ffs.cc/a/c66kkw TM #
• Tax Credit Countdown: Blog reader and Twitter follower special discount extended! http://ffs.cc/a/9o32k4 TM #
• Banks Take Losses on Short Sales as Foreclosures Soar SC http://ffs.cc/a/v3j4el #

foreclosure property

19 Bids

US $2,404.00

1h 12m

FORECLOSURE PROPERTY

25 Bids

US $1,524.00

1h 46m

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

American Graffiti: ‘Help! Foreclosure’
Mary Ann Herrera of San Antonio, Texas, illustrates her foreclosure frustration with spray paint: It seems as though Herrera’s “painted public plea” worked … at least for now. After eight months her mortgage loan was eventually modified to a lower amount; however, she’s still having trouble making ends meet because of the debt she racked up while [...]

Mary Ann Herrera of San Antonio, Texas, illustrates her foreclosure frustration with spray paint:

It seems as though Herrera’s “painted public plea” worked … at least for now.

After eight months her mortgage loan was eventually modified to a lower amount; however, she’s still having trouble making ends meet because of the debt she racked up while in financial dire straits.

Hopefully, she can negotiate a more affordable rate with her lender through the “Making Home Affordable” program before losing the house to foreclosure.

foreclosure property

19 Bids

US $2,404.00

1h 12m

FORECLOSURE PROPERTY

25 Bids

US $1,524.00

1h 46m

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

Smallest apartment in NYC (New York City) …
… belongs to “cozy-crazy couple” Zaarath and Christopher Prokop and their two cats, according to the New York Post: It’s a 175-square-foot Manhattan “microstudio” located in the Morning Heights neighborhood, which the couple recently purchased for $150,000. Believe it or not, but the super downsized space does have its benefits: “… [we can spend money in] areas that [...]

… belongs to “cozy-crazy couple” Zaarath and Christopher Prokop and their two cats, according to the New York Post:

It’s a 175-square-foot Manhattan “microstudio” located in the Morning Heights neighborhood, which the couple recently purchased for $150,000.

Believe it or not, but the super downsized space does have its benefits:

“… [we can spend money in] areas that make our lives better [like restaurants and vacations]…. We get to really experience life and enjoy ourselves. We eat out all the time. On the weekends, we’re outside exploring the neighborhood. We’re at Riverside Park all the time. We’re not nesters. This apartment is perfect for someone active. If you want to stay home or entertain, this is just not the apartment for you…. No one ever stays too long. It’s too small.”

To each their own.

foreclosure property

19 Bids

US $2,404.00

1h 12m

FORECLOSURE PROPERTY

25 Bids

US $1,524.00

1h 46m

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

Smallest apartment in NYC (New York City) …
… belongs to “cozy-crazy couple” Zaarath and Christopher Prokop and their two cats, according to the New York Post: It’s a 175-square-foot Manhattan “microstudio” located in the Morning Heights neighborhood, which the couple recently purchased for $150,000. Believe it or not, but the super downsized space does have its benefits: “… [we can spend money in] areas that [...]

… belongs to “cozy-crazy couple” Zaarath and Christopher Prokop and their two cats, according to the New York Post:

It’s a 175-square-foot Manhattan “microstudio” located in the Morning Heights neighborhood, which the couple recently purchased for $150,000.

Believe it or not, but the super downsized space does have its benefits:

“… [we can spend money in] areas that make our lives better [like restaurants and vacations]…. We get to really experience life and enjoy ourselves. We eat out all the time. On the weekends, we’re outside exploring the neighborhood. We’re at Riverside Park all the time. We’re not nesters. This apartment is perfect for someone active. If you want to stay home or entertain, this is just not the apartment for you…. No one ever stays too long. It’s too small.”

To each their own.

foreclosure property

19 Bids

US $2,404.00

1h 12m

FORECLOSURE PROPERTY

25 Bids

US $1,524.00

1h 46m

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

Obama foreclosure prevention plan paper jam
Bank of America and JP Morgan Chase executives — two of the largest money-lending institutions in the United States — today revealed during a Congressional hearing that incomplete paperwork is a major reason that their progress has been delayed on the loan modifications front. Record-setting foreclosure statistics over the past two years crippled the national housing [...]

Bank of America and JP Morgan Chase executives — two of the largest money-lending institutions in the United States — today revealed during a Congressional hearing that incomplete paperwork is a major reason that their progress has been delayed on the loan modifications front.

Record-setting foreclosure statistics over the past two years crippled the national housing industry. In an effort to provide relief, the Obama administration earlier this year introduced a $75 billion program that provides mortgage lenders with financial incentives to reduce the amount that distressed homeowners owe on their principal home balances, which in turn reduces their monthly payments.

The loan modification plan is designed to short circuit the foreclosure process before it begins. However, it is currently falling short of expectations.

Bank of America executive Jack Schakett explains what they are up against:

“It is unclear why [we are having trouble converting trial modifications to permanent] has happened to such a high degree. However, several factors likely contributed to this, including ineffective communications with customers, shortcomings in document maintenance, misunderstandings about program requirements and the inability to comply by some borrowers.”

Last week, the Treasury Department warned that it would crack down on the eight largest money lenders and monitor them closely to ensure progress. It intends to publish a list of those companies that are falling short, which will hopefully motivate them to help more distressed homeowners faster.

To learn more about Making Home Affordable and determine whether or not you can modify your home loan click here. The official “Making Home Affordable” Web site can be found right here.

foreclosure property

19 Bids

US $2,404.00

1h 12m

FORECLOSURE PROPERTY

25 Bids

US $1,524.00

1h 46m

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

The Complete Guide to Real Estate Tax Liens and Foreclosure Deeds introduces you to the best investment alternative of stocks, bonds, and mutual funds. Every month, smart investors are placing their money in fixed interest rates of 16 percent or more in government-sponsored tax liens. Plus, learn how to invest in foreclosure tax deeds. All of this in 7 days! From the publishers of Investing Without Losing, ISBN 0978834607.
Customer Review: Not Impressed
To me this book was too basic. It had more information about financing to get the money to purchase these liens and less information about the leins themselves. Everything in this book can be found by googling your states website. If you are looking for indepth info like legal issues that need to be done this is not the book.
Customer Review: Easy to Read
I read this book in just a couple of days and found it to be simple yet very informative. I probably will not be jumping into investing into liens and deeds right away until I research some more, but this book is definitely one to read first before starting your adventure. It is definitely not boring and I highly recommend it to anyone who, like me, is just starting to learn about this type of investing. Read More

foreclosure property

19 Bids

US $2,404.00

1h 12m

FORECLOSURE PROPERTY

25 Bids

US $1,524.00

1h 46m

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

Free newsletter for real estate agents
Extra! Extra! Read all about it! Foreclosure.com Agent University is about to launch its first-ever newsletter, which is geared toward real estate professionals and real estate professionals only. Our monthly communique will provide helpful information on how to begin and/or perfect the distressed property aspect of your career. Whether it’s about our career-building certification opportunities, breaking industry [...]

Extra! Extra! Read all about it!

Foreclosure.com Agent University is about to launch its first-ever newsletter, which is geared toward real estate professionals and real estate professionals only.

Our monthly communique will provide helpful information on how to begin and/or perfect the distressed property aspect of your career. Whether it’s about our career-building certification opportunities, breaking industry news or cutting-edge marketing strategies that work, Agent University’s newsletter will put you on at the forefront of the distressed property industry.

You’ll also hear from high-profile experts who will share their expertise with you and provide the support you need to maximize your share of the distressed property market.

Let’s be crystal clear: Distressed real estate is where the money is right now. And we’ll try and help you find the pot of gold in your area through this free agent-facing informational (and educational) resource.

That’s right, it’s free. So what are you waiting for?

Plug your pipeline with leads. Take your business to soaring new heights. Sign up to receive the newsletter today!

Click here (Note that the email newsletter sign up is located on the top-left of the page).

foreclosure property

19 Bids

US $2,404.00

1h 12m

FORECLOSURE PROPERTY

25 Bids

US $1,524.00

1h 46m

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