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.

Subprime mortgage fix will take time

The subprime mortgage industry is struggling, which means that plenty of opportunities will exist for those looking to invest in PreForeclosures.

In December, the Washington, D.C.-based Mortgage Bankers Association said 12.6 percent of subprime mortgages were 30 or more days delinquent in the quarter ending in September, compared with 4.7 percent of all mortgages. That was an increase from a 10.8 percent delinquency rate for the third quarter of 2005.

To read the entire article, please click here.

Lenders told foreclosure picture grim

As investors, you can expect more of the same foreclosure levels in 2007, according to this article looking at San Diego, CA foreclosures.

If you're looking for ideas about PreForeclosure investing, make sure you www.REIMarketingTips.com

Massachusetts Foreclosure filings set record in 2006

Are you Massachusetts preforeclosure investor?

If so, 2006 was a year with a lot of opportunity, and that should surely spill over into 2007 if you're investing and offering your prospects plenty of options while trying to stop their foreclosure.

To get an idea of the number Massachusetts saw in 2006, click here to read a recent article from Boston.com

Foreclosure petitions increase by 70 percent in Massachusetts

Massachusetts is a great place for investors to be targeting preforeclosure properties and investing, according to this article in Boston.com

However, if you are marketing to preforeclosures, are you really helping the homeowner? Are you telling him or her about all of their options in stopping the foreclosure? For ideas on how to market to homeowners, and help them stop the foreclosure, please be sure to visit www.REIMarketingTips.com for the latest ideas in preforeclosure investing.

Dallas reports fifth-highest foreclosure rate in the country

Foreclosure continue to rise in Dallas, and throughout Texas, making it a great state for preforeclosure investors who want to help homeowners stop foreclosure on their homes.

To read some of the staggering numbers and opportunities, please click here to read the entire article.