Has the End Finally Come?

Tag: Foreclosure

Has the End Finally Come?

Has the end to the housing market slump – the longest slide since the Great Depression – finally come? The signs are there. Home prices are on the increase, sales are happening, the market is showing a recovery, and home builders are ramping up again. Now all this doesn’t mean that we’re going to shoot…  Continue Reading

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Do Nothing to Fix The Housing Market

According the RE/MAX CEO Margaret Kelly, the best way to fix the troubled housing market is to do nothing – let it stabilize and find its’ own equilibrium. In a recent speech to the National Association of Real Estate Editors, Kelly commented that the multiple layers of taxpayer-supported programs to aid with housing might actually…  Continue Reading

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Lease Options Bring Quick Profits By Matching Buyers & Sellers

Lease Options Bring Quick Profits By Matching Buyers & Sellers

Educated, savvy real estate investors have the upper hand in today’s marketplace. Why? Because today’s housing market and economy are still a total mess, but the result is a wealth of opportunity, if you know where to look and how to look. Unfortunately too many investors don’t know where to even begin. They’re using systems…  Continue Reading

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Demand for Rentals to Remain High, Driven By Younger Generation

The younger generation – heads of households in their 20’s – continues to drive growth and demand in the rental housing market. The overall rental rate in the US is at about 35%, but for those in the 25-29 year old age range, the rate is 65% and gets even higher with the under 24…  Continue Reading

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May Foreclosure Report Results Mixed

According to the May 2012 Foreclosure Report from ForeclosureRadar, the impact on overall foreclosures tends to be impacted by local market conditions rather than overall market trends. The report focused on some of the hardest hit states, including Arizona, California, Oregon, and Nevada. Negative equity, according to ForeclosureRadar CEO Sean O’Toole, is the real problem….  Continue Reading

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As Short Sales Increase, So Does Suspicious Activity

At the start of this year, the number of short sales has outpaced the number of REO sales in 12 states. Short sales are increasingly popular with investors as a way to maximize returns from foreclosure sales. Along with the increase in short sales comes an increase in “suspicious mortgage activity reports.” These reports don’t…  Continue Reading

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Housing Recovery Hopes Dimmed By Rising Foreclosure Numbers

Recent information released by RealtyTrac shows a disturbing turn in the number of foreclosures – actually rising by 9% in May over April. This increase can be partly attributed by the release of a backlog of foreclosures by the banks. However, the majority of those homes in foreclosure are just starting the process. While a…  Continue Reading

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Streamlined Short Sales Coming Soon

As of a couple of months ago, short sales accounted for nearly 15% of all home sales in the country. That number continues to grow as homeowners see short sales as a viable alternative to foreclosure. While foreclosures still make up ¼ of all home sales, that figure is down from the previous two years….  Continue Reading

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Pending Expiration Fuels Strategic Defaults

Pending Expiration Fuels Strategic Defaults

The current Mortgage Debt Relief Act of 2007 is set to expire on December 31 of this year. While there is a bill in the House that would extend it to 2015, homeowners are getting twitchy. So much so, in fact, that according to YouWalkAway.com, a foreclosure prevention agency, conducted a survey of borrowers and…  Continue Reading

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Military Gets House Support on Foreclosure Protection

Military Gets House Support on Foreclosure Protection

The House of Representatives voted overwhelmingly to approve broader foreclosure protection for military servicemembers in an amendment to a military spending bill. The amendment will extend a stay against foreclosure from nine months to 12 under the Servicemembers Civil Relief Act (SCRA). The proposed expanded SCRA would encompass disabled vets, spouses of fallen servicemembers and…  Continue Reading

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Increase in Short Sales Helps Lower Foreclosures

Increase in Short Sales Helps Lower Foreclosures

For the first time since 2007, foreclosure filings were at their lowest for a month in April 2012. This includes default notices, auctions and bank repossessions. Any increases in foreclosure activity were masked by the decline in the three large, hardest hit states of California, Nevada and Arizona. They were more efficient in processing their…  Continue Reading

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Foreclosed But Back to Homeownership

Foreclosed But Back to Homeownership

More and more, Americans aren’t letting a foreclosure, bankruptcy or short sale prevent them from becoming homeowners again, and quickly. In year’s past, the only option seemed to be renting. But today, as rental prices are on the rise, they want to take advantage of low home prices. So where is the help coming from…  Continue Reading

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Mortgage Delinquencies at Lowest Since 2008

Mortgage Delinquencies at Lowest Since 2008

Mortgage delinquencies have hit their lowest point in 4 years, according to the Mortgage Bankers Association, down from 7.58% to 7.4%. This includes mortgage payments that are at least one payment behind, but does not include loans already somewhere in the foreclosure process. The peak number was over 10%, during the height of the housing…  Continue Reading

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5 Tips For Investing In Bank Owned Properties

There are unique income opportunities for the savvy real estate investor in today’s market. Over 46% of all home purchase transactions are distressed properties according to Inside Mortgage Finance Magazine and thier Housing Pulse Newsletter. So what does that mean for you? Bank owned properties, or real estate owned properties (REOs), are homes that went…  Continue Reading

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Rentals Overshadow Retail

Rentals Overshadow Retail

The latest numbers from Zillow’s Rent Index are out, and rentals are up across the country. The rent index rose 2% in February 2012 over 2011, while the Home Value Index fell by nearly 5%. In February, foreclosure sales accounted for 20% of all home sales. “The rental market remains especially strong in areas that…  Continue Reading

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Wells Fargo Employees Facing Pressure to Sign

Wells Fargo Employees Facing Pressure to Sign

Employees at the Wells Fargo office in Charlotte, NC, are citing increased pressure to met a daily quota of signed, sworn foreclosure documents. According to several employees who wished to remain anonymous because of feared repercussions to their jobs, these “Vice Presidents of Loan Documentation,” as the entry-level processors are titled, are being pressured to…  Continue Reading

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Anger Taken Out on Houses, Neighborhoods Lose

Anger Taken Out on Houses, Neighborhoods Lose

Unfortunately, this is something that’s happening all too frequently. Homeowners who are in foreclosure and are being forced from their homes are not going quietly. Just the opposite – they are ransacking the place before they o. Cabinets are being ripped out, light fixtures removed, appliances taken. Anger takes over and the homeowners don’t want…  Continue Reading

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Which Lenders are the Fastest for Short Sales?

Which Lenders are the Fastest for Short Sales?

RealtyTrac recently put together a list outlining which lenders/servicers move through the short sale process the fastest and the cheapest. The frontrunners? Freddie Mac, Fannie Mae and FHA have the shortest timelines with 193 days, followed by Ally Financial at 321 days and PNC Financial at 353 days. The short sale timeline being used as…  Continue Reading

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2012 Could Be a Record Year for Short Sales

2012 Could Be a Record Year for Short Sales

Short sales are on the rise. Compared to a year ago, the number of short sales being done increased 33%, according to RealtyTrac. In fact, short sales beat out REO sales in 12 states. In all, 32 states saw an increase in pre-foreclosure sales, typically short sales. There are also signs that lenders are more…  Continue Reading

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Foreclosures Bring Profits for Many Market Sectors

Foreclosures Bring Profits for Many Market Sectors

You’ve heard me say it before – there’s big money to be made in this very difficult housing market. Foreclosures are aplenty, with an equally high number of people ready to buy or rent the property on the other side, once you figure out your exit strategy. My home town of Cleveland is one of…  Continue Reading

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Foreclosure Starts Down, Loan Performance Up

Foreclosure Starts Down, Loan Performance Up

According to a report released by LPS Applied Analytics, loan performance was up and foreclosure starts down compared to the previous month. Despite this, foreclosure rates are near historic high rates but delinquency rates are at the lowest point since August 2008. Foreclosure starts are down over 15%, with foreclosure inventory at 4%. That may…  Continue Reading

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Short Sales to Rise Again

Short Sales to Rise Again

This is a sort of continuation of the article I shared with you last week indicating good news about short sales for real estate investors. The government has reached a $25 billion settlement with the five biggest mortgagers over robo-signing practices. This move is expected to increase the amount of completed short sales. With this…  Continue Reading

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Current Shadow Inventory = Half of Visible Inventory

Current Shadow Inventory = Half of Visible Inventory

Last week, CoreLogic reported that the number of homes currently in the shadow inventory is roughly half the number of those currently in the visible inventory. On top of that, about half the shadow inventory has not made it into the foreclosure cycle yet. Altogether, the total shadow inventory includes 400,000 REOs, 410,000 already in…  Continue Reading

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860,000+ Foreclosures Completed in 2011

860,000+ Foreclosures Completed in 2011

Recently, CoreLogic released their annual National Foreclosure Report. Corelogic is a leader in providing financial, real estate and consumer data used by top industry experts. In this report, they provide information on foreclosures by month, total foreclosure inventory and delinquency rates. Their findings include the five states with the highest foreclosure rates. The leaders are…  Continue Reading

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BOA Settles, Brings Mortgage Relief to 200,000 Homeowners

BOA Settles, Brings Mortgage Relief to 200,000 Homeowners

Last week, Bank of America announced that they were reducing the amount owed for 200,000 underwater homeowners. This is huge for the homeowners, because it means a chance to eliminate the underwater portion of their mortgages. The anticipated average reduction is $100,000. Homeowners are eligible for the reduction if they were at least 60 days…  Continue Reading

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Loans are Bank-Friendly, Not Borrower-Friendly

Loans are Bank-Friendly, Not Borrower-Friendly

Even though there are signs of hope in the economic recovery, the housing market still has a long way to go. Of the 55 million mortgage holders in the US, industry experts predict that as many as 10 million will default by 2018. While there have been some attempts by the government to reduce the…  Continue Reading

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Mind Map for You (but it’s time sensitive)

Mind Map for You (but it’s time sensitive)

On Wednesday, I’m interviewing my friend Matt Reed, a local Cleveland real estate investor who quick turns 2-5 houses a month with what he calls “NBQ” leads. Matt has a “NBQ” Mind Map / Process Map he’s going to walk you through that takes you step by step thru the system he uses for closing…  Continue Reading

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Bad news for real estate investors –  Buyers can’t get loans.

Bad news for real estate investors – Buyers can’t get loans.

So I’m sorry to be the bearer of bad news today but there’s some data I have in my hands that I must reveal to you. Read this carefully please. *Short Sale flips are tougher to do than ever. There simply aren’t enough people who can get bank loans to “cash you out” once you…  Continue Reading

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Here’s why 2012 Real Estate Investing Is Different

Here’s why 2012 Real Estate Investing Is Different

We’re smack dab in the middle of the biggest market shift we’ll ever see in our lifetime. It creates challenges sure. But it also creates new profitable opportunities. After reading up on the news about how no one can get bank loans and reading your survey responses last week, I decided to show you EXACTLY how…  Continue Reading

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Even You Won’t Be Able To Qualify for a Mortgage Any Time Soon

Even You Won’t Be Able To Qualify for a Mortgage Any Time Soon

The other night I was lying in bed reading an article that blew me away… It’s called “Prime Mortgage Borrowers: Then vs. Now.” It was comparing the prime borrower in 2007 to the prime borrower RIGHT NOW. Check out how ridiculously easy it was to qualify for prime only a few years ago… In 2007…  Continue Reading

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Don’t avoid the 900% increase in foreclosure activity in 2012

2012 is  going to be HUGE. Up to 9 million homes may enter foreclosure in 2012 period, versus one million in a typical year. This will send shock-waves through the stock markets and world economy. It may well be the “dark ages” for homeowners and lenders alike…and the wave of mortgage re-sets will continue in…  Continue Reading

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REVERSE SHORT SALE REVEALED: Webinar Training Class w/ Josh and Cody

REVERSE SHORT SALE REVEALED: Webinar Training Class w/ Josh and Cody

I talked to Cody, The Reverse Short Sale Expert and I told him after getting so much interest in his concept we had to do a webinar training class to reveal this in greater detail, answer questions and show investors just how dynamic this will be. Join us this Tuesday, November 1st, 2011. Register for…  Continue Reading

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6 Parts to Rehabbing Successfully

Rehabbing is a great way to get started in real estate investing. Doing it properly will help you avoid becoming overwhelmed – and keep your budget intact. Here are six basic parts of the process that are consistent among successful real estate rehabbers: Part 1: Before Work Begins •     Rekey or change out all locks…  Continue Reading

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15 Ways to Succeed in Real Estate Investing

It wasn’t long ago that real estate was the way to make money. But, is that still true? Things are by no means back to the “old ways” but if you look around, you will see that the tide is changing. Money can be made in real estate investing. Strategic Real Estate Coach presents this…  Continue Reading

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4 Signs of a Depressed Housing Market

For the second year in a row, residential housing construction failed to contribute to growth in the US. The demand for building permits fell, new home construction starts are down, and the foreclosure pipeline is as full as ever. As a result, banks are keeping a tight fist on mortgage lending standards. There are four…  Continue Reading

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I Just Fired All Of My Realtors….BAM!

I Just Fired All Of My Realtors….BAM!

Click below to see my new traffic goldmine. http://www.srecmegamedia.com Here’s why this lead generation strategy kicks butt. 1) It drives more seller and buyer leads than any other lead generation strategy I have ever tried. – Enough said. 2) It drives leads all day and night – it works while you sleep. 3) No baggage…  Continue Reading

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Is Your Housing Market One of the 10 Worst?

It seems like demand for housing has just run out in some housing markets. While 18 of the top 20 housing markets have begun to improve, other places like Boston and Washington are holding steady. Foreclosures are high. We’re still trying to recover from the robo-signing scandal. More houses are on the brink of hitting…  Continue Reading

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Home Sales Weakest in 13 Years

Home Sales Weakest in 13 Years

Existing home sales are on pace to hit the weakest level in 13 years, if the first half of this year is any indication. Sales numbers fell again in June by .8%, following a weak Spring, according to the National Association of Realtors. The news has been the same for four out of the past…  Continue Reading

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Meet Our SREC Student of the Month, Peter Gorski

We’re proud to spotlight SREC Coaching Student of the Month, Peter Gorski. Peter joined our coaching program about two months ago, and has already been realizing some tremendous results! Peter attended our 2-day SummerFest high-end student mastermind event last week, and had a tremendous experience. As a gift for being chosen Student of the Month,…  Continue Reading

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This Is Something You Need To Watch (If You Care About Money)

This Is Something You Need To Watch (If You Care About Money)

Last night I held a special presentation covering my proven strategies for you to capture the massive opportunity in 2011. I’ve gotten so much positive feedback, there were over 3,400 people who watched the video, that I’ve decided to post the video online for you to watch right now. Watch the video now: http://instantcashinfusion.com Here…  Continue Reading

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Webinar Tonight: Earn $500-$20,000 cash in the next 16 days

Webinar Tonight: Earn $500-$20,000 cash in the next 16 days

Hello Friends, Just a quick heads up to clear your calendar for tonight’s important webinar on… “How to earn $500-$20,000 (whenever you need it) using my Instant Cash Infusion Strategies.” The webinar starts tonight (7/21/2011) at 9pm Eastern / 6pm Pacific, you can register and join us here: www.instantcashinfusion.com NOTE: Make sure to refresh you…  Continue Reading

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This Thursday: Learn 11 new ways to instantly infuse your empty bank account with cash

This Thursday: Learn 11 new ways to instantly infuse your empty bank account with cash

Today I thought you’d like to see 11 BRAND NEW – never before released – ways my “Instant Cash Infusion” program will help you smile again when you look at your bank account. If you haven’t already gone through all the FREE videos, audios, and marketing strategies I’ve released over the past 2 weeks, you’ll…  Continue Reading

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Even you won’t be able qualify for a mortgage any time soon

Even you won’t be able qualify for a mortgage any time soon

Last night I was lying in bed reading an article that blew me away… It’s called “Prime Mortgage Borrowers: Then vs. Now”, and it It was comparing the prime borrower in 2007 to the prime borrower in RIGHT NOW in 2011″ Check out how ridiculously easy it was to qualify for prime only 3 1/2…  Continue Reading

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Foreclosure Backlog Means a Reprieve for Millions

Some deny there is a delay. Another blames state laws governing foreclosure. Yet another blames regulatory and investor expectations.  Another declined to comment. It seems that there is no agreement about why there seems to be a delay in foreclosure proceedings. With two million active cases of foreclosures and another two million to come, lenders…  Continue Reading

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Can’t Forecast the Future of a Historic Housing Boom & Bust

Can’t Forecast the Future of a Historic Housing Boom & Bust

As anyone in the real estate game knows, when Robert Shiller, co-creator of the Standard & Poors/Case-Shiller Home Price Indices speaks, we listen. But what he said recently perhaps spoke loudest. He predicted that we could see home prices fall another 25%. Ok, that certainly is not good news, but what is a little more…  Continue Reading

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Investors Rule the West Coast

Investors Rule the West Coast

If you’re a real estate investor on the West coast, you’re sitting in a great position these days. Why? Because according to ForeclosureRadar, “third-party investors are reselling foreclosure properties they’ve scooped up at auction at a rapid pace in states along the country’s western seaboard,” including California, Arizona, Nevada, Washington, and Oregon. Here’s the best…  Continue Reading

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3 Strategies to Make Money Now in Real Estate Investing

3 Strategies to Make Money Now in Real Estate Investing

If you want (or NEED) to make money right now, then I’m going to show you the easiest, fastest and safest way to cash your next check in real estate in as little as 30 days, and repeat that process again and again. You’ll discover three very simple and very proven ways to make $500…  Continue Reading

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Servicers Modify 210K Loans Through Own Programs in Q1: Report

Servicers Modify 210K Loans Through Own Programs in Q1: Report

An estimated 210,000 homeowners received permanent, proprietary loan modifications from mortgage servicers during the first quarter of 2011, according to data released by HOPE NOW on Monday. That’s down nearly 20 percent from the 261,500 private-program mods reported during the fourth quarter of 2010, and 40 percent fewer than the 347,000 completed in the third…  Continue Reading

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Three States Move to Ban Foreclosure Sales From Appraisal Values

Three States Move to Ban Foreclosure Sales From Appraisal Values

Check out this article that I found about eliminating foreclosures and short sales as comparables. Well, it sure does sound nice -but does that give an accurate picture of the market? What do you think?

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52 Different Ways to Make Money in Today’s Real Estate Market

Everyone knows that real estate has made more millionaires than any other industry, and that it has a low barrier to entry for a new investor. You don’t need a degree or any experience to begin. You just need a strong work ethic and a desire to learn. And that’s where we at SREC come…  Continue Reading

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Foreclosure Activity Hits 3-Year Low

Foreclosure Activity Hits 3-Year Low

Does this update signal a shift? New data from RealtyTrac shows that foreclosure filings nationwide dropped 14 percent between January and February, as overall activity last month sunk to its lowest level since February of 2008.  RealtyTrac says total foreclosure filings – including default notices, scheduled auctions, and bank repossessions – were reported on 225,101…  Continue Reading

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