One in three homes sold in America are still foreclosures

Posted by Anne | Foreclosure investing | Wednesday 30 June 2010 6:06 pm

While Washington continues to claim that things are getting better..
… the volume of foreclosure sales paints a different picture
It’s better than it was last year, although the view is still not pretty

Despite claims that America is moving through the property slump, foreclosure sales are still rampant and changing hands at …

One in three homes sold in America are still foreclosures

Posted by Anne | Foreclosure investing | Wednesday 30 June 2010 6:06 pm

While Washington continues to claim that things are getting better..
… the volume of foreclosure sales paints a different picture
It’s better than it was last year, although the view is still not pretty

Despite claims that America is moving through the property slump, foreclosure sales are still rampant and changing hands at …

Sales of foreclosed houses continue to influence property prices

Posted by Anne | Foreclosure investing | Wednesday 30 June 2010 6:06 pm

Sales of foreclosed houses are on the increase
Banks are taking the gap left by expired moratoria
The slump is set to continue for a few more years still

Latest statistics available for the first quarter of 2010 indicate that, while the number of new foreclosures could be reducing, business in existing foreclosures …

Sales of foreclosed houses continue to influence property prices

Posted by Anne | Foreclosure investing | Wednesday 30 June 2010 6:06 pm

Sales of foreclosed houses are on the increase
Banks are taking the gap left by expired moratoria
The slump is set to continue for a few more years still

Latest statistics available for the first quarter of 2010 indicate that, while the number of new foreclosures could be reducing, business in existing foreclosures …

Know your rights – Avoid foreclosure

Posted by Anne | Foreclosure investing | Tuesday 29 June 2010 7:45 pm

Discover your rights
Get HUD assistance
Speak to your bank
Stay away from foreclosure prevention firms
Keep your home – avoid foreclosure

Are you an American homeowner facing foreclosure? Here are the latest Top Ten Tips to help you keep your home.

Speak to your bank soon – that’s as soon as you realize that you …

New York Attorney General hunts down mortgage rescue companies

Posted by Anne | Foreclosure investing | Tuesday 29 June 2010 7:45 pm

New York State Attorney General takes on the crooks
The publicity generates more complaints
How bad is the situation really?

Given the flocks of vultures landing on the roofs of underwater American citizens facing foreclosure, it’s good to know that a few knights in armor are still around. One such crusader for justice …

HAMP should move onwards in the face of opposition

Posted by Anne | Foreclosure investing | Monday 28 June 2010 2:57 pm

Some cynics are in favor of mass foreclosures.
Most of us believe in a more positive solution.

Since President Obama launched his foreclosure-prevention program called HAMP – or the impossibly obtuse home affordable modification program – some say the dream-come-true has become little more than a pipedream, despite the razzmatazz that accompanied …

Rough ride ahead for Dodd-Frank proposals

Posted by Anne | Foreclosure investing | Monday 28 June 2010 2:57 pm

Dodd-Frank proposals before Congress this week
The mortgage supply industry is complaining
The Senate vote will be tight too

This week the Democrats are hoping to obtain Congressional approval of their Dodd-Frank financial / regulatory package that they’re hoping will help protect citizens from dodgy and complicated mortgage loans in the future. There …

Housing markets likely to remain depressed

Posted by Anne | Foreclosure investing | Friday 25 June 2010 4:01 pm

Economic recovers hinges on a recovery in the property market
We all know that the key is more jobs
When will the confidence that creates them, return?

Market commentators are in general agreement that the American property market needs to turn before the rest will follow. This is because the improved consumer confidence …

Housing markets likely to remain depressed

Posted by Anne | Foreclosure investing | Friday 25 June 2010 4:01 pm

Economic recovers hinges on a recovery in the property market
We all know that the key is more jobs
When will the confidence that creates them, return?

Market commentators are in general agreement that the American property market needs to turn before the rest will follow. This is because the improved consumer confidence …

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