insert-headers-and-footers domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/internetpages/srec.internetpages.net/wp-includes/functions.php on line 6131oxygen domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/internetpages/srec.internetpages.net/wp-includes/functions.php on line 6131We’re just a few weeks from putting this house on Melody Lane on the market. This is another Fannie Mae bank-owned foreclosure that we are rehabbing. We’ve done a lot of work in this house, but when it’s done, it will be move-in ready for the new owners. We completely redid the bathrooms and kitchen, […]
I’m back at the house on Bailey Road in Cuyahoga Falls, OH that we purchased for $31,000. It was a Fannie Mae bank-owned foreclosure, and I bought it using none of my own cash or credit. The house needed a lot of work, but much of it just cosmetic. Our rehab budget was $22,000, and […]
Most loan modification programs focus on making payments affordable for the short term instead of reducing the borrower’s principal to eliminate the burden of negative equity (when what is owed on the house is more than its value). What is a Loan Modification? According to HUD, a loan modification "is a permanent change in […]
Having successfully completed over 58,000 short sales in 2012, Fannie Mae announced that they are taking additional steps to speed up the short sale process and help troubled homeowners avoid foreclosure. They will do this through their newly introduced HomePath for Short Sales tool, which is designed to help overcome common short sale challenges. Available […]
The national rate of foreclosures continues to slow, which is a strong indicator that the ailing housing market is starting to heal. “The rate of foreclosures continues to trend down, albeit at a slower rate as we exit 2012,” said Anand Nallathambi, president and CEO of CoreLogic. “This trend should continue into 2013 and is […]
There’s a new term in real estate to know – boomerang buyers. This is the term the Wall Street Journal has coined for people who have gone through a foreclosure or a short sale and are ready to be a homeowner again. They have come through the rough patch and are back in the market. […]
The number of foreclosures happening across the country has reached a new, five-year low last month. This includes notices of default, auctions and bank repossessions. The number was down 7% from the previous month and 16% year over. Still up in the air is whether another wave of foreclosures will hit the market, as many […]
I’ve been telling you for months and months that there is a huge opportunity in the housing market now thanks to a flood of distressed properties on the market. The opportunity lies in buying low, rehabbing the house and selling it for a big profit. That strategy is gaining popularity, as evidenced by the recent […]
The latest foreclosure numbers are out, and the month of September showed the lowest rate of foreclosures since July 2007. It was the second month in a row that the numbers were down, following three months of increases. Year-over-year numbers for September showed a 16% drop, with the biggest declines in the states hardest hit […]
According to ForeclosureRadar, foreclosure starts were down during the month of August in Washington, Nevada, Arizona, California and Oregon. Oregon’s drop was huge – nearly 81%, while Washington actually went up by 35%. Sales of foreclosed homes also dropped or remained flat, with Nevada leading the way with an 18% drop and Washington seeing a gain […]
