Archive for February, 2010

Foreclosure bulldozer: Man demolishes house rather than losing it to the bank

Posted on February 28, 2010 at 4:00 pm

Foreclosure bulldozer: Man demolishes house rather than losing it to the bank
If Terry Hoskins can’t have his home in Moscow, Ohio, then no one can. Hoskins claims that he used a bulldozer to raze his house after the Internal Revenue Service (IRS) placed liens on his carpet store. He apparently used his home as collateral, according to The Washington Post. So when the IRS came to collect on [...]

If Terry Hoskins can’t have his home in Moscow, Ohio, then no one can.

Hoskins claims that he used a bulldozer to raze his house after the Internal Revenue Service (IRS) placed liens on his carpet store. He apparently used his home as collateral, according to The Washington Post.

So when the IRS came to collect on its insurance policy, Hoskins did what any normal red-blooded American male would do (sarcasm) and knocked it down with his oversized tractor.

The report indicates that he still owes $160,000 on his home loan.

But chances are once the lender, RiverHills Bank, requests a Brokers Price Opinion (BPO) to estimate the current value of the home, the number will be considerably lower.

And it’s probably too late to ask for a loan modification.

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Category : Industry News

Weekly Twitter Digest from Foreclosure.com (2010-02-13)

Posted on February 27, 2010 at 11:00 am

Weekly Twitter Digest from Foreclosure.com (2010-02-13)
Mortgage officials try exits softer than foreclosures http://bit.ly/d4aSqT SC # Awesome HAFA webinar yesterday. If you are an agent and missed it check this out for next week http://bit.ly/cLuIpt LY # Love productive Fridays – love this thought from http://www.greatday.com/ LY # Writing articles and instructor notes today LY # Large mortgage servicer offers an alternative to foreclosure [...]

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Category : Foreclosure Investments

Brian Austin Green house in Los Angeles facing foreclosure

Posted on February 27, 2010 at 10:00 am

Brian Austin Green house in Los Angeles facing foreclosure
The Hollywood Hills home of former “Beverly Hills, 90210″ star, Brian Austin Green, has fallen into “strategic” foreclosure. TMZ.com reports that the man also known as David Silver has failed to make recent mortgage payments on his 3,374 sq. ft. four-bedroom, three-bathroom home at 7387 Woodrow Wilson Dr. To check out the preforeclosure listing on Foreclosure.com click [...]

The Hollywood Hills home of former “Beverly Hills, 90210″ star, Brian Austin Green, has fallen into “strategic” foreclosure.

TMZ.com reports that the man also known as David Silver has failed to make recent mortgage payments on his 3,374 sq. ft. four-bedroom, three-bathroom home at 7387 Woodrow Wilson Dr.

To check out the preforeclosure listing on Foreclosure.com click here. For more pics click here.

Green, who has had the “charming” English Tudor-style home on the market for around $2.3 million for most of 2009, has apparently coordinated a short sale while not paying his mortgage.

Mr. Megan Fox, as he’s often referred to these days because of his super successful girlfriend, is reportedly behind $71,000 on a $2 million loan from SunTrust Mortgage Inc., which isn’t likely all that much to afford for the couple.

Nonetheless, he’s on the hook for the balance and/or the successful sale of the home. The good news is that there is currently no auction date set.

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Category : Industry News

Plaxico Burress house in Florida could be lost to foreclosure

Posted on February 27, 2010 at 8:00 am

Plaxico Burress house in Florida could be lost to foreclosure
Former New York Giants wide receiver Plaxico Burress could be headed back to the courtroom, according to the South Florida Business Journal. Only this time it will be because of a foreclosure and not illegal weapons charges. Burress — who is currently serving a two-year prison sentence for accidentally shooting himself in the thigh while reveling at [...]

Former New York Giants wide receiver Plaxico Burress could be headed back to the courtroom, according to the South Florida Business Journal.

Only this time it will be because of a foreclosure and not illegal weapons charges.

Burress — who is currently serving a two-year prison sentence for accidentally shooting himself in the thigh while reveling at the Latin Quarter nightclub in New York, N.Y. — is apparently behind on a $2.9 million mortgage for a 6,872-square-foot waterfront home that he owns in Lighthouse Point, Florida.

The report indicates that he purchased the home in 2005 for $4 million and then relocated to New Jersey two years later when the New York Giants signed him to a six-year, $25 million free agent contract.

In 2007, the former first round draft pick out of Michigan State University caught the game-winning touchdown in Super Bowl XLII.

But his celebration was cut short — just a few months later when he was charged with two counts of criminal possession of a weapon and one count of reckless endangerment. He agreed to a plea deal, which will ensure he is released in early 2011.

His wife, Tiffany, and their son continue to live at the New Jersey home, which is located in Totowa.

To check out Plaxico Burress’ foreclosure filing on Foreclosure.com click here.

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Category : Industry News

The ForeclosureS.com Guide to Advanced Investing Techniques You Won’t Learn Anywhere Else

Posted on February 26, 2010 at 9:00 pm

Killer strategies for profitable investing

"With today's soft real estate market and foreclosures at all-time highs, Alexis gives investors a clear plan on how to profit now. Her honest and ethical approach to foreclosure investing shows you how to turn your financial goals into reality and become wealthy in every way."
-Barbara Corcoran, founder of The Corcoran Group, Chairman of Barbara Corcoran, Inc., and bestselling author of If You Don't Have Big Breasts, Put Ribbons on Your Pigtails

"Forget all the other over-hyped get-rich-quick foreclosure schemes! Alexis's newest book is the real thing. Reading the book feels like you're sitting at your successful friend's kitchen table drinking a cup of coffee as she tells you all the secrets to make you a fortune in real estate foreclosures and REOs."
-Diane Kennedy, CPA, owner and founder of TaxLoopholes.com, and bestselling author of Loopholes of the Rich

"Alexis does a fantastic job describing in detail how to work the current foreclosure market. Her style is easy to follow and yet detailed enough to keep a reader out of trouble. I couldn't put it down."
-Wendy Patton, author of Investing in Real Estate with Lease Options and "Subject-To" Deals and Making Hard Cash in a Soft Real Estate Market

"A very timely book! With real estate markets shifting so quickly, a lot of homeowners and residential investors will face troubled times. This creates new opportunities, and for those who are interested in this type of investing, Alexis has written a very comprehensive primer. Foreclosures are an edgy type of investment, and few know this market as well as Alexis. This guide covers all the bases."
-Steve Bergsman, author of Maverick Real Estate Investing, Maverick Real Estate Financing, and Passport to Exotic Real Estate
Customer Review: To lazy to get started on the calls, but worth the read
Love the book, has so much useful information. Not a get rich quick book, more of a work hard and you can succeed book and that has always been true in my experience. Advanced skills for investors in foreclosures which are only useful if I start to make the calls to friend and family of people that can't pay their mortgages, but I"ll get to it and re-post what I've done with the info.

Customer Review: IT works
I followed Alexis McGee's advice and techniques and was able to purchase a home for more than $100,000 below the current tax appraisal. Read More

THE REAL ESTATE FORECLOSURE LISTING SYSTEM THE REAL ESTATE FORECLOSURE LISTING SYSTEM Paypal US $14.95 6h 41m
JT Stewart Cleanout Foreclosures JT Stewart Cleanout Foreclosures Paypal US $125.00 9h 56m
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Category : Foreclosure Basics

Foreclosure bulldozer: Man demolishes house rather than losing it to the bank

Posted on February 26, 2010 at 4:00 pm

Foreclosure bulldozer: Man demolishes house rather than losing it to the bank
If Terry Hoskins can’t have his home in Moscow, Ohio, then no one can. Hoskins claims that he used a bulldozer to raze his house after the Internal Revenue Service (IRS) placed liens on his carpet store. He apparently used his home as collateral, according to The Washington Post. So when the IRS came to collect on [...]

If Terry Hoskins can’t have his home in Moscow, Ohio, then no one can.

Hoskins claims that he used a bulldozer to raze his house after the Internal Revenue Service (IRS) placed liens on his carpet store. He apparently used his home as collateral, according to The Washington Post.

So when the IRS came to collect on its insurance policy, Hoskins did what any normal red-blooded American male would do (sarcasm) and knocked it down with his oversized tractor.

The report indicates that he still owes $160,000 on his home loan.

But chances are once the lender, RiverHills Bank, requests a Brokers Price Opinion (BPO) to estimate the current value of the home, the number will be considerably lower.

And it’s probably too late to ask for a loan modification.

THE REAL ESTATE FORECLOSURE LISTING SYSTEM THE REAL ESTATE FORECLOSURE LISTING SYSTEM Paypal US $14.95 6h 41m
JT Stewart Cleanout Foreclosures JT Stewart Cleanout Foreclosures Paypal US $125.00 9h 56m
http://www.phpbay.com/affiliates/jrox.php?id=1586
Category : Industry News

Weekly Twitter Digest from Foreclosure.com (2010-02-20)

Posted on February 25, 2010 at 6:00 pm

Weekly Twitter Digest from Foreclosure.com (2010-02-20)
Top 10 tips to help avoid foreclosure and scams in 2010 http://bit.ly/9rrCNy SC # Deal of the Day, Olympic edition: 4 bed/4 br Vancouver (Wa.) foreclosure. Pot. equity = $113,400 (31% under) http://ffs.cc/a/idrbm3 TM # Thanks to all you judged and applied for our scholarship! http://bit.ly/9lL3kC LY # Efforts to modify loans with easier terms will delay, not [...]

twitter2

  • Top 10 tips to help avoid foreclosure and scams in 2010 http://bit.ly/9rrCNy SC #
  • Deal of the Day, Olympic edition: 4 bed/4 br Vancouver (Wa.) foreclosure. Pot. equity = $113,400 (31% under) http://ffs.cc/a/idrbm3 TM #
  • Thanks to all you judged and applied for our scholarship! http://bit.ly/9lL3kC LY #
  • Efforts to modify loans with easier terms will delay, not prevent, the loss of homes to foreclosure http://bit.ly/chMKai SC #

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JT Stewart Cleanout Foreclosures JT Stewart Cleanout Foreclosures Paypal US $125.00 9h 56m
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Category : Industry News

Casey Anthony parents face foreclosure on family house in Orlando

Posted on February 25, 2010 at 5:00 pm

Casey Anthony parents face foreclosure on family house in Orlando
George and Cindy Anthony — the parents of accused child murderer Casey Anthony — have a past due balance of about $121,000 on their home loan, according to the Orlando Sentinel. The Anthony’s, in fact, have reportedly not paid their Bank of America-issued mortgage since June 2009. However, the family attorney reveals that the lender has [...]

George and Cindy Anthony — the parents of accused child murderer Casey Anthony — have a past due balance of about $121,000 on their home loan, according to the Orlando Sentinel.

The Anthony’s, in fact, have reportedly not paid their Bank of America-issued mortgage since June 2009. However, the family attorney reveals that the lender has not yet contacted them about any pending foreclosure on the home, which is located at 4937 Hopespring Drive in the Chickasaw Oaks section of Orlando, Florida.

Their grand daughter, Caylee Marie Anthony, was last seen alive near the home in June 2008. And, according to the report, her body was later discovered in a nearby wooded area about six months later.

Casey, the child’s mother and the daughter of George and Cindy, has since been charged with first-degree murder and “is being held without bond at the Orange County Jail.”

Meanwhile, her parents will likely do whatever needs to be done to save their family home, which they purchased for $90,900 in 1989 (and later refinanced), from falling deeper into foreclosure.

Leonard Padilla — the California bounty hunter who helped Casey secure bail in 2008 — has offered his assistance; however, the couple is apparently not interested.

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Category : Industry News

ActiveRain: Making it ‘rain’ at RainCamp in Dallas

Posted on February 25, 2010 at 1:00 am

ActiveRain: Making it ‘rain’ at RainCamp in Dallas
Have you ever seen the rain? A classic song penned by John Fogerty comes to mind as I share with you my experience at ActiveRain’s “RainCamp” in Dallas, Texas, earlier this week. Alongside more than 300 attendees, I learned the ins-and-outs of social media and marketing on the Web. This conference did not disappoint. I was excited to [...]

Have you ever seen the rain?

A classic song penned by John Fogerty comes to mind as I share with you my experience at ActiveRain’s “RainCamp” in Dallas, Texas, earlier this week.

Alongside more than 300 attendees, I learned the ins-and-outs of social media and marketing on the Web. This conference did not disappoint.

I was excited to learn from many of the top experts when it comes to marketing real estate. This day-long session focused on creating content, as well as how to gain higher visibility among the search engines.

We were provided with more than 75 different resources to research and explore. From CRMs to photo resources, agents in attendance — from across Texas and beyond — were able to take home the things learned and start applying them immediately to increase their listing and selling opportunities.

The agents in the room were definitely leading the pack because they understood that most house hunters are going to do their own research first before they reach out to an agent. So it’s important for agents to have a presence in the community both online and on the ground.

Since I’m a big believer of walking what I talk, I would highly recommend agents who want to learn how to grow their Web presence get educated and then go to work using the concepts they learned.

And then you will likely see the “rain” (in dollars) pouring in!

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Category : Industry News
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