Wednesday, July 13, 2005

New Foreclosure Inventory in U.S. Holds Steady in June, Announces Foreclosure.com

New Foreclosure Inventory in U.S. Holds Steady in June, Announces Foreclosure.com: " According to data released today by online foreclosure listing service, Foreclosure.com, 23,057 new foreclosed residential properties were listed for sale in the U.S. during June 2005. The number represents an increase of 1.4 percent from May 2005. The total number of U.S. residential foreclosure properties available for sale in the U.S. during the month of June was 75,083, an increase of 1.4 percent from May."
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Real estate investing: Profitable but risky game

Real estate investing: Profitable but risky game: "Almost one in four real estate sales are to buyers who are seeking an investment rather than a place to live, according to a survey by the National Association of Realtors.
Your typical investor isn't the millionaire next door. The average annual household income of an investment buyer is about $78,000, the study reveals. Investors are also a lot more conservative than you might have heard, opting to put an average of 22 percent down. 'They're not high-risk loans,' says Al Mansell, president of the association. 'They're low-risk loans.'"
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Sold in Three Hours for More than Listed Price

Sold in Three Hours for More than Listed Price: "Jeanette Fisher's latest book reveals new interior design strategies for redesign and home staging methods to prepare houses for sale. Sell Your Home for Top Dollar--FAST! Design Psychology for Redesign and Home Staging helps home sellers prepare their homes for a quick, profitable sale by choosing design elements that appeal to buyers on an emotional level. "
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Foreclosure Properties at Deep Discounts Free and Clear - Yahoo! News

Foreclosure Properties at Deep Discounts Free and Clear - Yahoo! News: "Are you an investor looking to buy properties at deep discounts without complicated negotiations and paperwork? Or are you a homeowner looking for more house than you think you can afford? If so, there is an opportunity you should seriously investigate. "
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Foreclosure the last option for banks, real estate agent says

Salisbury Post | LOCAL NEWS | Foreclosure the last option for banks, real estate agent says: "Gwen Chubirko says banks don't want the trouble and expense of foreclosing on a home.
Lenders 'really don't want the house back,' she says. 'They want somebody to pay for the house.'
Chubirko co-owns Genesis Realty in Kannapolis and calls herself the 'queen of foreclosures' with about 60 percent of her business in that market.
She sells homes on which lenders have already foreclosed. But she "
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Interest-only mortgages can pack a triple whammy

Interest-only mortgages can pack a triple whammy: South Florida Sun-Sentinel: "In mid-2004 more and more clients began walking into First Maryland Mortgage Financial Services in Columbia, Md., and requesting adjustable, interest-only loans.

They were borrowing hundreds of thousands of dollars in many cases, thanks to soaring home prices, but they wanted to postpone the consequences of their indebtedness as long as possible."
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When moving, method is key

When moving, method is key - 07/08/05: "Moving is a pedestrian endeavor,' said Katie Scott, who works for Tumolo Building LLC in Saline. Still, the self-avowed 'nester,' who has moved twice in the past five years, has a few tips for folks who are about to relocate from one home to the next.
Get organized. Round up the troops. Provide pizza and beer for those who help, and send thank-you notes to the ones who prefer to kick in $50 and leave you alone. "
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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.