Buying a Home Foreclosure News

Latest News and Financial Information | Reuters.com: "NEW YORK, June 21 (Reuters) - U.S. residential mortgage delinquencies and foreclosures edged down in the first quarter of 2005 from a year earlier, a mortgage industry group said on Tuesday.
The mortgage delinquency rate was 4.31 percent at the end of the first quarter, down from 4.46 percent at the end of the first quarter of 2004 and 4.38 percent at the end of the fourth quarter of last year, the Mortgage Bankers Association said"

Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Buying a Home Foreclosures Legal News:Can homeowner upset foreclosure sale to a speculator?: 6/ 25/ 2005

Can homeowner upset foreclosure sale to a speculator?: 6/ 25/ 2005: "Can homeowner upset foreclosure sale to a speculator?
By Robert J. Bruss, Inman News

Miguel and Maria Melandrez bought their home with the help of a mortgage from nationwide lender Washington Mutual (WaMu). But they defaulted on their loan payments. The total unpaid amount due was $4,266.
After several months of receiving no payments, WaMu began foreclosure. Before the foreclosure sale was held, Miguel contacted WaMu and agreed to make a partial payment before the foreclosure sale date.
WaMu postponed the foreclosure sale. But Miguel failed to make the orally agreed payments.
The foreclosure sale was held. There were four bidders. WaMu bid $76,000, the amount of its unpaid mortgage. But the home ultimately sold for $197,100 to Dominic Ip, a licensed real estate broker. Ip, an experienced foreclosure sale buyer, had not "

Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.