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Foreclosures, Fortunes, And Financial Freedom The Real Estate Investing Bible

Posted on March 12, 2010 at 7:00 pm

This is a step by step guide to real estate investing that shows you how to find unfortunate situations and turn them into winning solutions. Read More

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Category : Foreclosure Basics

Newsletter for real estate agents now available!

Posted on March 12, 2010 at 3:00 pm

Newsletter for real estate agents now available!
Foreclosure.com Agent University recently issued its latest monthly newsletter, which is geared toward real estate professionals and real estate professionals only. This month’s edition covers several important topics, including the new HAFA guidelines, which were introduced to streamline the use of short sales as a means of avoiding foreclosure. Agents and brokers need to be prepared and [...]


Foreclosure.com Agent University recently issued its latest monthly newsletter, which is geared toward real estate professionals and real estate professionals only.

This month’s edition covers several important topics, including the new HAFA guidelines, which were introduced to streamline the use of short sales as a means of avoiding foreclosure.

Agents and brokers need to be prepared and make the most of this new situation because distressed real estate transactions (short sales, foreclosures, etc.) are going to account for a serious amount of business (and commissions) over the next few years.

And the new changes will go into effect in one month!

You’ll also hear from high-profile experts, Jeff Cole and Joe Martin, who will share their successful “on the ground” experiences and strategies with you to get the most out of your local market.

Our latest Certified Foreclosure Agent (CFA) and Certified Short Sale Agent (CSSA) graduates are also highlighted, as well as the myriad benefits of our industry-leading training programs provide.

So what are you waiting for? Agent University’s monthly newsletter (read it right here) is jam-packed with juicy nuggets and helpful information that can take your business to the next level. And it’s free.

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).

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Category : Industry News

Weekly Twitter Digest from Foreclosure.com (2010-02-27)

Posted on March 12, 2010 at 9:00 am

Weekly Twitter Digest from Foreclosure.com (2010-02-27)
Facebook fan special: 7-Day FREE Trial + Save $10. Our small way of saying thanks for helping us top 1,000 fans! http://bit.ly/caQWII # FHA servicers may get incentives for successful modification http://bit.ly/dvlKvE SC # Mortgage modification “Save-A-Thon” begins today in West Palm Beach. More than 7,000 homeowners have preregistered http://ffs.cc/a/x8mt1p TM # Hedge fund objects to handling of [...]

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Category : Industry News

Napa Valley foreclosures threaten California wine country

Posted on March 11, 2010 at 9:00 pm

Napa Valley foreclosures threaten California wine country
The foreclosure wrath appears to be squashing California’s grapes, according to Bloomberg.com. Napa Valley — the most famous wine-making region in the United States and among the most respected in the world — is currently on “life support,” enduring its most difficult financial downturn in more than two decades. The report indicates that as many as 10 [...]

The foreclosure wrath appears to be squashing California’s grapes, according to Bloomberg.com.

Napa Valley — the most famous wine-making region in the United States and among the most respected in the world — is currently on “life support,” enduring its most difficult financial downturn in more than two decades.

The report indicates that as many as 10 wineries could be lost to foreclosure in 2010 alone, which is 10 more than what was recorded just two years ago in 2008 (zero).

The reason?

Connoisseurs, collectors and wine enthusiasts are stocking their cellars with less expensive vintages, reducing their expenses as the national economy attempts to recover from a major recession.

In fact, Franzia’s box wine, which costs about $8 a pop, is currently flying off the shelves.

Stephen Rannekleiv, an analyst, explains the domino effect:

“Consumers are looking at price point and saying that Napa is not the price they want to be buying at. Wine prices drive grape prices drive land prices…. No area is going to be unaffected by this financial meltdown.”

More than 30 wineries are currently for sale in the area, which includes vineyards in Oregon and Washington, in addition to those in “The Golden State.”

Unfortunately, with prices starting at around $115,000 an acre (it can get up to $250,000 an acre in the most desirable areas) this situation might not improve with age.

Not in the short-term, anyway.

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Category : Industry News

Napa Valley foreclosures threaten California wine country

Posted on March 11, 2010 at 8:00 am

Napa Valley foreclosures threaten California wine country
The foreclosure wrath appears to be squashing California’s grapes, according to Bloomberg.com. Napa Valley — the most famous wine-making region in the United States and among the most respected in the world — is currently on “life support,” enduring its most difficult financial downturn in more than two decades. The report indicates that as many as 10 [...]

The foreclosure wrath appears to be squashing California’s grapes, according to Bloomberg.com.

Napa Valley — the most famous wine-making region in the United States and among the most respected in the world — is currently on “life support,” enduring its most difficult financial downturn in more than two decades.

The report indicates that as many as 10 wineries could be lost to foreclosure in 2010 alone, which is 10 more than what was recorded just two years ago in 2008 (zero).

The reason?

Connoisseurs, collectors and wine enthusiasts are stocking their cellars with less expensive vintages, reducing their expenses as the national economy attempts to recover from a major recession.

In fact, Franzia’s box wine, which costs about $8 a pop, is currently flying off the shelves.

Stephen Rannekleiv, an analyst, explains the domino effect:

“Consumers are looking at price point and saying that Napa is not the price they want to be buying at. Wine prices drive grape prices drive land prices…. No area is going to be unaffected by this financial meltdown.”

More than 30 wineries are currently for sale in the area, which includes vineyards in Oregon and Washington, in addition to those in “The Golden State.”

Unfortunately, with prices starting at around $115,000 an acre (it can get up to $250,000 an acre in the most desirable areas) this situation might not improve with age.

Not in the short-term, anyway.

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Category : Industry News

Real Housewives of Orange County Jeana Keough’s foreclosure rescue

Posted on March 11, 2010 at 1:00 am

Real Housewives of Orange County Jeana Keough’s foreclosure rescue
Former Playboy Playmate (Nov. 1980) and original cast member of “The Real Housewives of Orange County,” Jeana Keough, has avoided foreclosure on her luxurious seven-bedroom, nine-bathroom home in the prestigious Coto de Caza community in southern California. The Orange County Register reports that Keough was able to negotiate a loan modification with her lender, JPMorgan Chase [...]

Former Playboy Playmate (Nov. 1980) and original cast member of “The Real Housewives of Orange County,” Jeana Keough, has avoided foreclosure on her luxurious seven-bedroom, nine-bathroom home in the prestigious Coto de Caza community in southern California.

The Orange County Register reports that Keough was able to negotiate a loan modification with her lender, JPMorgan Chase & Co, on the $4 million “custom French country estate.”

However, she says it wasn’t easy:

“I am happy to report the system works! There is no foreclosure on my home anymore. After I was denied back in January, after working with Wamu/Chase for 6 months, they said I didn’t fit the program, I am a fighter so I called my friend Jason Cougenhour at HUD, our illustrious Congressman, and our Governor’s office, and found out that 75% of the people in loan mod’s weren’t getting accepted. That incensed me. I talked and wrote, harassed, gave speeches, encouraged people to write email blasts, used all of my Le Tip connections and last Monday the government changed the specifications. I am happy to say Chase has stopped foreclosure, and made my payments affordable, my work has picked up, and I have stopped efforts to sell my home at a greatly reduced discount. I plan to live here until I am ready to sell. I have been helping so many people save there homes, it is a difficult and frustrating process that I really wasn’t focusing on sales. With the possible sale of my house at auction, and the crazy people coming out of the woodwork to buy my 4.5 million dollar house for 1.3, you find out who your friends are. I am blessed, I have my health, my amazing children.”

Keough, 52, has admitted in recent interviews that she is wealthy thanks to a large real estate portfolio; however, she is “cash poor” because of the current real estate recession.

Now retired from the Bravo-produced reality television series that made her quasi-famous, Keough plans to get her real estate career back on track (she’s an agent) and “make dreams come true.”

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Category : Industry News

Pre-foreclosure Investing 2. 0: Make More Money and Do Less Work Outsourcing Loss Mitigation - The Secret Weapon to Successful Investing

Posted on March 10, 2010 at 9:00 am

Learn how to outsource loss mitigation and help homeowners keep their homes. Grow your Pre-foreclosure investing business and get more short sale leads. Read More

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Category : Foreclosure Basics

Rent vs buy/own a house

Posted on March 9, 2010 at 6:00 pm

Rent vs buy/own a house
To rent or to own, that is the question. In theory, buying is always better than renting because at some point you will own your house outright whereas renters are perpetually filling the pockets of others. In reality, it can be tough to make the leap from renter to owner. That’s because there is a lot on the [...]

To rent or to own, that is the question.

In theory, buying is always better than renting because at some point you will own your house outright whereas renters are perpetually filling the pockets of others.

In reality, it can be tough to make the leap from renter to owner.

That’s because there is a lot on the line — there are several unknown factors that can and often do influence these types of decisions:

Do you have a big enough down payment? Will you qualify for a mortgage? Can you afford maintenance? For how long do you plan to hang on to the property?

The Feb. 2010 edition of Foreclosure.com’s free educational newsletter, “Investment Exchange,” is now available, which details everything you need to know about “Rent vs. Own.”

Our goal is to get you thinking about this important decision sooner rather than later. The housing market is still extremely buyer friendly right now — interest rates are still low, limited-time government incentives are still available until April 30, 2010 and chances are good that prices in your area have never been better.

On the flip side, buying a home or investment property is still one of the biggest decisions you will ever make. So you still need to consider all the pros and cons before jumping in head first.

So check out “Rent vs. Own” today so you can decide whether or not a home purchase or lease is in your best interests.

To read this month’s free educational newsletter from Foreclosure.com CLICK HERE.

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Category : Foreclosure Investments

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

Posted on March 9, 2010 at 12:00 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
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