Savvy Home Buyers Should Think 'Lowball'

The Columbus Dispatch - Home & Garden: "Here are some bargain-hunting tips for home buyers:
� Buy in the off-season. The best time to buy a house is the week between Christmas and New Year�s Day, says Robert Irwin, a real-estate author. Why? No one is looking.
'The only ones out there are people who desperately need a home or investors looking for a bargain,' Irwin says. "
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Home sellers switch gears to close deal

Home sellers switch gears to close deal: "It's been a good run -- for home sellers that is.
In many markets during the last five years, anyone posting a 'for sale' sign in the front yard was virtually guaranteed to ignite a bidding war. Buyers pushed prices into the stratosphere in a mad dash to nab record-low interest rates and roll the dice on one of the biggest run-ups in real estate history. Lots of sellers doubled their investment dollars in a few short years.
But appreciation "
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Pre-foreclosures Offer Opportunity to Purchase Homes Below Value & Help Distressed Homeowners Avoid Foreclosure!

www.transworldnews.com, news, TWNKeys, TWNNews, Press Releases, NewsWire: "Pre-foreclosures can offer and excellent opportunity to purchase homes for below market value and help distressed homeowners avoid foreclosure, but just how does one go about buying repo houses. What is it you need to know to find foreclosed homes and use them to create wealth in real estate for yourself, while someone avoid foreclosure. We have all seen the 'we buy houses for cash' signs and slogans, but how exactly do we get started in pre-foreclosures. What does it mean when you hear the words 'Short sale', Loss Mitigation, How do you properly cure foreclosures, and why is that important. What about due on sale clauses? Where and when do 'rent to own' and 'lease option' techniques apply? How do you negotiate win-win deals for everyone involved? How do I analyze the deal to determine possible profits and avoid liability issues?

One place you can go to get support and answers are local websites that address current issues and concerns, offer support, and bring to your attention to current news and information that can affect your success. "
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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.

Auction Your House Before the Bank Does

Auction Your House Before the Bank Does: "A National Online Pre-Foreclosure Auction Website that Brings Together Motivated Sellers and Serious Real Estate Buyers and/or Investors.

The Auction website targets people who are facing foreclosure and need to sell their house fast as well as people who are just motivated to unload their house quickly and are looking for someone to give them the best offer.

The company started by Jeannie Owens an innovative entrepreneur and her partner Jaydee Schiller a successful real estate agent and broker. We saw a need and therefore an opportunity� says Owens. �After getting into Real Estate investing and focusing on foreclosure properties we started hearing and reading about people who were in distress and being taken advantage of by unscrupulous individuals. We wanted to find an easy solution for them where they came out ok in the end.

We are in the business of helping people. We want this to be a win-win situation for both parties� states Schiller."
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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.

7 Big Reasons To Invest In Pre-Foreclosures

7 Big Reasons To Invest In Pre-Foreclosures: "Looking for an �in� to real estate investing?
Working a nine to five job swapping time for money can be incredibly dispiriting. After the futility of it all hits home, it�s all you can do to limit the number of home business opportunities you investigate to twenty per week.
One of the more compelling home business opportunities is real estate investing. Real estate investing is the perennial wealth builder, and the transition from working a job to achieving "
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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.

Home sellers go back to the pros

Home sellers go back to the pros: "Beth Mallery bought one of those red-and-white 'for sale by owner' signs.

She stuck it in the front yard.

She waited.

Then she went to a flat-fee listing, paying to get her College Park house in the computer database that Realtors use.

She waited some more.

But after nearly five months with no sale, Mallery broke down and hired a real-estate agent.

'It wasn't as easy as I thought it would be,' said Mallery, whose home has been listed for a few weeks.

FSBOs are fizzling."
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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.

FSBO advice falls short

MiamiHerald.com | 02/12/2006 | FSBO advice falls short: "Real estate agents have nothing to fear from The Complete Idiot's Guide to Selling Your Own Home, by Jeff Wuorio and Marcia Layton Turner. Although this new book is filled with lots of profitable secrets for do-it-yourself home sellers who hope to save the sales commission, the authors never put everything together to show home sellers how to successfully sell without a professional sales agent."
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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.

U.S. Foreclosure Inventory Dips in February, Increases 9 Percent Compared to February 2005

U.S. Foreclosure Inventory Dips in February, Increases 9 Percent Compared to February 2005: "According to data released
today by Foreclosure.com, 88,093 foreclosed residential properties were
available for sale in the United States during February -- a decrease of 7
percent from January. The total number of new foreclosures listed for sale in
February -- 21,402 -- dropped by 10.8 percent from the prior month.
February marks the second consecutive month of declining new foreclosures
in the United States. However, a year-to-year comparison of new foreclosures
shows a 9 percent increase in the number of listings in February 2006 as
compared to February 2005."
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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.

HUD 184 may close 1,000 mortgages

ICT [2006/03/15]HUD 184 may close 1,000 mortgages: "The Department of Housing and Urban Development is on-track to close 1,000 mortgages to American Indians this fiscal year, the department's top official told the National Congress of American Indians.

HUD Secretary Alphonso Jackson also told the NCAI's annual legislative meeting that the Bush administration has proposed increasing the amount it will commit to back the HUD 184-guaranteed Indian mortgage for fiscal year 2007.

Jackson told the Native leaders that the HUD 184 is on pace to close 1,000 loans for $120 million in mortgage finance this year.

The $2 million increase in extra guarantee money called for in the FY '07 budget would double the guarantee authority under the HUD 184 program to $250 million. "
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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.

Your New Home: What to Offer for It - Motley Fool - MSNBC.com

Your New Home: What to Offer for It - Motley Fool - MSNBC.com: "How should you go about deciding what price to offer for a home? Well, first off, look up the going prices for similar homes in the same area. Your agent can be a valuable resource here. He or she should be able to provide information on comparable sales prices for the area.
Next, determine how 'hot' the local market is. If demand for housing is high (sometimes referred to as a 'seller's market'), you won't have too much bargaining power. Homes priced reasonably will sell quickly, for a price close to the asking price. In some super-hot markets, homes may sell above the asking price, as buyers compete with other buyers. In a slow-paced market (sometimes referred to as a"
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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.

Variable-rate mortgages mean foreclosures

Variable-rate mortgages mean foreclosures: "Foreclosures will rise over the next few years, experts agree. While each foreclosure is traumatic for the family that loses a house, the coming wave of defaults won't swamp the system.
The borrowers who are in the most danger have two strikes against them. First, they are (or will be) underwater -- owing more than the house is worth. Second, they have adjustable-rate mortgages, or ARMs, with low 'teaser rates.' Eventually, after anywhere from one month to five years, the ARM enters its rate-adjustment period and the loan is reset with a higher rate.
Quite a few homeowners have these two strikes against them, and almost $200 billion in foreclosures will result, says Christopher Cagan, director of research and analytics for First American Real Estate Solutions."
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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.

Bay State foreclosures on the rise in '06 - 2006-03-14

Boston Business Journal: Bay State foreclosures on the rise in '06 - 2006-03-14: "Foreclosures in Massachusetts in the first two months of 2006 were running significantly above the same period a year before, according to two firms that track loan defaults on properties.
Framingham-based ForeclosuresMass Corp., which pulls data directly from court filings, said there were 1,075 new foreclosure filings in January -- 7 percent higher than the year before, and 39 percent higher than January 2004. "
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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.