Buying a Home Foreclosures News: Call 3: Do You have Credit Report Errors?

TheKCRAChannel.com - Station - Call 3: Do You have Credit Report Errors?: "SACRAMENTO, Calif. -- In a study involving the three big credit reporting agencies, less than 1 percent of the 111,000 reports had errors causing a consumer to be denied credit. But the California Public Interest Research Group says its survey of 200 consumers found one in four had serious errors.

The errors were serious enough that people lost their loans or mortgages, or had to pay a higher interest rate on their new cars, according to CalPIRG.
The three reporting agencies -- Equifax, Experian and Transunion -- update 4.5 billion credit files a month. They say they have a low tolerance for errors but aren't error free.
'They have a huge amount of data to process on a daily basis. I don't deny that,' said credit consultant Jay Broderick. "
--------------------------------------------------
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.

Check your credit with free reports

Forest Park, OH: "Thousands of Tristate residents are checking their credit reports thanks to a new law which offers them a free copy. The law went into effect for Kentuckians in June, but those in Ohio and Indiana have been checking their reports for free even longer.
And many of those consumers are finding major problems on their credit reports - problems that can keep them from getting jobs, loans, credit cards or even increase their insurance rates. One survey shows one in four credit reports contains serious errors.
Lola Kelly of North Bend said she's glad she has heard me talk about the need to check these free credit reports, glad because of what she found when she checked. "
----------------------------------------------------------
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 News: Climbing metro foreclosures on track to outpace last year's

DenverPost.com - BUSINESS: "Denver metro foreclosures continued to climb in the second quarter, with Adams and Jefferson counties on track for sizable increases.
The rate so far in six of seven metro-area counties shows that repossessions in metro Denver could outdistance last year, when foreclosures hit 12,393, the highest level since 1988.
Public trustees attribute the increase to bad borrowing and lending decisions, relatively flat home prices and lagging income growth. The metro area has seen job growth this year, but the recession hit Denver and its surrounding suburbs hard in 2001. The fallout from lost jobs has boosted foreclosures.
'I keep thinking it's slowing down, and then it's a blizzard coming in,' said Jeannie Reeser, Adams County public trustee. "
---------------------------------------------------------
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.

Does It Pay To Avoid the Mutiple Listing Service? | theledger.com

Does It Pay To Avoid the Mutiple Listing Service? | theledger.com: "In many parts of the country, the 2005 real-estate market is so hot that homeowners can sell without real-estate agents parading their customers through their digs.

The question is, when a seller skips the Multiple Listing Service, whose interest is served? The seller's, the agent's, or both?

A 'pocket listing,' or 'exclusive,' is a property that is being marketed through a real-estate professional but not available to the broader world of real-estate agents and customers who scour the MLS looking for buys."
---------------------------------
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.

Avoid disputes with a seller by retaining a buyer's agent

Avoid disputes with a seller by retaining a buyer's agent: "On a recent flight from Washington, D.C., to Denver, my seatmate was an attorney specializing in dispute mediation. Without revealing any confidential information, he told me about a mediation involving home buyers who backed out of a home purchase. The mediation dispute was over the refund of the buyer's good-faith deposit.
The seller ordered the customary local inspections, including a pest-control termite inspection, which wasn't entirely clear. The buyers decided to cancel their purchase, but the seller thought that was an over-reaction and refused to refund the buyers' substantial deposit. "
------------------------------------------
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 News: Rise in California Foreclosures Could Trigger Investor Opportunities

Rise in California Foreclosures Could Trigger Investor Opportunities: "(PRWEB) June 29, 2005 -- A slowing California housing market coupled with a flood of 'Interest Only' loans in the marketplace could be a devastating combination when housing prices start to flatten or recede.

The UCLA Anderson Forecast released its first quarterly report for 2005. The report asserts that the California economy, which has been stabilized and fueled by the rising housing market, will begin to weaken as the housing market begins to flatten its appreciation levels.

CRS is predicting a rise in California foreclosures. CRS offers real estate investors a suite of offerings ranging from daily foreclosure lists and data"
-----------------------------------------------
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.