We've moved our BLOG!

You may have noticed that we haven't posted in a while....primarily because we have been busy with many things, most importantly moving our blog to a new site!

Actually, the blog has been moved to it's new location WITHIN our site, and can be found by visiting www.REIMarketingTips.com and then clicking on blog.

Record Foreclosures in the 4th quarter of 2006

A record high number of homeowners faced a serious threat of foreclosure during the fourth quarter of 2006, according to a survey released Tuesday by the Mortgage Bankers Association.

The percentage of all outstanding loans that entered the foreclosure process was 0.54, 0.08 percentage points higher than the third quarter and the highest ever recorded in the survey. The previous record was 0.50 in the second quarter of 2002.

CNN Money has an interesting article recaping the problems as people try to combat and stop foreclosure throughout America.

Helping Families Prepare for the Rise in Subprime Mortgage Foreclosures

The spike in foreclosures is delivering substantial losses to some home mortgage lenders, shaking investor confidence in the subprime loan market and possibly even prime home loan industry. A slumping housing market and the threat of higher mortgage payments are also raising fears that more homeowners will find themselves unable to service their mortgages or sell their homes, threatening mortgage lenders with further foreclosures and saddling homeowners with ruined credit ratings that cripple their ability to access loans in the future.

This is an excerpt from an article posted on Center for American Progress' website. You can read the entire article by clicking here.

Foreclosure filings in state shoot up 34 percent

Foreclosure are up 34% in PA from 2005 to 2006. It seems that they're following the national trend.

The article can be read by clicking here.

This would indicate to me that Pennsylvannia is as good a state as any to begin marketing to preforeclosures.

Marketing to PreForeclosures

Today REIMarketingTips.com announced preforeclosure marketing strategies to help real estate investors find homeowners facing foreclosure. Finding homeowners facing foreclosure isn't always easy. A pending foreclosure, for most people, is a very personal, and often embarrassing situation. Most people do not advertise the fact that they are having problems making their mortgage payments, which makes it difficult to contact them.

To read the entire press release, please click here.

Fed warned of foreclosure crisis as loan growth slows

Federal Reserve Chairman Ben Bernanke and other policymakers were warned that rising mortgage foreclosures are likely to get worse, as the central bank on Thursday reported the slowest pace of loan growth in four years. The Denver Post reports with an article that can be read by clicking here.

What does this mean for you, as a Real Estate Investor? Well in this investor's opinion, it means that there's no better time to begin focusing on PreForeclosures.

The foreclosure epidemic that is sweeping across the country, according to Bernanke, is only going to get worse. As an investor, you need to be able to offer your prospects a number of options to stop foreclosure.

Powerful Internet Marketing Strategies!

A couple of weeks ago I returned from Matt Bacak's Internet Marketing bootcamp. The information I learned there was absolutely unbelievable!

For those of you who are smart enough to be working with us at www.SaveMeFromForeclosure.com you're going to start seeing the benefits of Matt's education immediately.

However, if you're determined to take on Internet marketing yourself, I would strongly encourage you to visit Matt's bootcamp. You can learn more about Matt Bacak's events by clicking here.

If you're interested in learning how you can partner with us at www.SaveMeFromForeclosure.com and leverage our online presence, please click here to register for our free PreForeclosure marketing tips.

Foreclosures rising among high-risk US mortgages

Loans made to people with weak credit during the housing boom have pushed more than 20 companies into bankruptcy.

The Christian Science Monitor examines a foreclosure problem it feels is the worst we have seen since the 1980s.

Click here to read the entire article.

Are Realty Trac's numbers accurate?

Colorado's Division of Housing staff members, having gathered and analyzed foreclosure figures from the state's 64 public trustees, say that the monthly and annual reports from California-based data provider RealtyTrac Inc. inflate by almost threefold the growth rate in the number of failed home loans.

To read more about their findings, and what Realty Trac had to say about the issue, please click here.

Sub Prime lending woes continue

Sub prime lenders are having a tough time lately, as they continue to struggle.

Lending to homeowners and buyers without good credit has suddenly become a very bad business - and possibly a very big problem for the U.S. economy as a whole.

To read the entire article, please click here.

New Mexico foreclosures still low, but delinquencies are rising

It seems as though there could be a nice opportunity to for PreForeclosure investors in New Mexico, according to this article.

Although New Mexico might be low in number of foreclosures, as compared to other states, their number of delinquencies are rising. This means that we'll probably see an increase in the number of homeowners who will need help to stop foreclosure in New Mexico very soon.

Colorado wants to regulate lenders

Two state lawmakers plan to introduce bills on Monday that would require mortgage lenders in Colorado to be licensed, as well as other requirements designed to "put some teeth" into measures to help stem the foreclosure tide sweeping the state. The entire article can be read by clicking here.

I find this interesting because many PreForeclosure investors either are lenders, or partner with lenders to help people facing foreclosure save their homes.

In fact, many successful PreForeclosure investors help homeowners refinance in order to save their homes.

While I love the idea of requiring mortgage lenders to be licensed, it will be interesting to see how it affects the homeowners who are already in bad loans.