Monday, October 30, 2006

Foreclosures are up. Are you they rising in your investment area?

For many who invest in foreclosure properties, it's always good to know whether foreclosures are rising, falling, or staying steady in your home state.

Also important to know is the number of foreclosures per household in your state. This article provides the most recent data for that information, and can give investors great insight as to whether or not they're investing in the right areas.

Tuesday, October 24, 2006

Who pays the tab on Foreclosures

While we hear all of this talk about foreclosures, how much does it really cost the lender? Are there instances where the lender can deflect some, or most of the risk?

Here's a great article which talks about the trickle-down effect in the mortgage industry.

Dallas Foreclosures reach levels not seen since the 1980s

Foreclosures are rampant in Dallas, and investors may want to take a closer look at the lone star state if you're after investment properties.

The Dallas Morning News has an article on the skyrocketing foreclosure rates in Dallas.

Thursday, October 19, 2006

Foreclosure opportunities will continue to rise in Michigan

Investors who want to be able to help people, and work on foreclosure properties at the same time, will have plenty of opportunity to do so if they're working the Detroi Metro area. This article has some very scary numbers about the forecasted job loss in Detroit, Michigan, mainly from the auto industry (specifically Ford) cutting back jobs.

Wednesday, October 18, 2006

San Diego and Riverside counties see sharp rise in California foreclosures

Foreclosure activity has shown a dramatic increase in San Diego and Riverside counties, far outpacing most of California and the rest of the nation, according to a foreclosure tracking firm, RealtyTrac.

Both San Diego and Riverside counties showed much higher rates of increase of properties in a stage of foreclosure than both the state and the nation. From the third quarter of 2005 to the third quarter of 2006, the rate of increase was 104 percent in California and 25 percent for the entire country.

Please click here to read the entire article.

Wednesday, October 11, 2006

Ohio's foreclosure rate continues to climb

Ohio remained in the top 10 states for foreclosures, providing investors there plenty of opportunities to find bargain properties.

Providing homeowners information about ALL of their options is often the best way to begin investing in foreclosures. Making sure that you're helping the homeowner facing foreclosure is much needed as this plague continues to grow across America.

Foreclosures still high in Georgia

Georgia Real Estate Investors can still work on plenty of opportunities in Georgia, the state with the fifth-highest foreclosure rate in the United States in September 2006, according to the latest RealtyTrac U.S. Foreclosure Market Report.

For ideas and tips on how investors can best target these foreclosure properties, be sure to visit www.REIMarketingTips.com

Friday, October 06, 2006

SaveMeFromForeclosure.com relaunches website

www.SaveMeFromForeclosure.com has relaunched their website. For more information, you can read the press release by clicking here.

Monday, September 18, 2006

Thursday, September 14, 2006

Foreclosures spiked in August

Rising payments on adjustable-rate mortgages contribute to 53% jump in foreclosures.

To find out more, and what is becoming a vicious cycle in the real estate world, click here to read the entire article.

Three stages of buying foreclosures

CNN money wrote a very simple, basic article about the 3 stages of buying foreclosures.Often many great deals can be found in stage 1, but don't forget about the other stages either. If you are serious about buying properties in stage 1, a great marketing campaign and message is needed. It also helps if you can give the homeowners options as to how they can keep their home, and not just look to purchase it.

Massive Foreclosure auction in Michigan

Hudson & Marshall is about to launch a major liquidation of foreclosure properties throughout the state of Michigan. This is a great opportunity for Michigan investors to purchase real estate below market value. For more information on the auction, the properties, and what will be available, please click here.

Wednesday, September 13, 2006

Foreclosures aren't the only way to make money investing in real estate

While foreclosures may be a sexy method to investing in real estate, there are plenty of other ways to profit from investing in real estate, and add diversity to your portfolio. This articles gives you a few ideas on how to make money investing in real estate.

Foreclosure victims-what do the statistics say

"...studies show that half of all borrowers in default have no contact with their lender, and two out of five who go into foreclosure never talk to their lender."

This was taken from an article in the LA Times, and shows that most homeowners facing foreclosure hope the problem just goes away.

As a RE Investor, you should have a full range of solutions to offer your prospects. Many times, they might just want to stay in the home, rather than sell it to you. If you're interested in helping homeowners stay in their homes, and growing your business, please find out more at www.SaveMeFromForeclosure.com

Monday, August 28, 2006

Foreclosure Auction: Investor beware

Buying a foreclosure property at the auction on the local county courthouse steps isn't for the faint-hearted. Make sure you've done your research.

In fact, we often recommend buying properties in the "preforeclosure" stage, before they go to auction. If you market to foreclosures, you can often get in before the sale date, and have time to inspect the property, and negotiate with the homeowner, and possibly even the lender.

Here's an article from the Orange County (CA) Register about buying a foreclosure property at the county courthouse auction.

Friday, August 25, 2006

Developers trying auctions to sell homes

Keep your eyes open investors, because real estate auctions for new construction property might just be coming to your local area.

Read this article for more on how developers are turning to auctions to unload excess inventory.

Real Estate Investors getting "washed out" of the SouthEast

According to ForeclosureS.com, the Southeast is seeing a rise in foreclosure, and suspect it could be attributed to the large number of investors and flippers who dominated the market.

Click here to read the full article...

Friday, August 18, 2006

Foreclosures up 5% in July

Are you marketing to Foreclosures? Opportunities continue to increase as foreclosures are on the rise, according to RealtyTrac. If you're interested in truly being able to help the homeowner, imagine having www.SaveMeFromForeclosure.com as your home page. Visit the site to find out more.

Monday, August 14, 2006

Texas Foreclosures leading the way

Foreclosure activity in Texas seems to be at an all time high. Texas now has four of the top ten cities across the USA in terms of foreclosure rates.

To find out who else is in the top ten, and the direction things are going, click here to read the article.

Sunday, July 23, 2006

Before buying a Foreclosure, check the comps, for free!

Investors who want to buy foreclosures need to make sure that they always do their research. First and foremost, that always begins with checking the comparable sales in the neighborhood. It means looking at square footage, number of bedrooms, number of bathrooms, lot size, garage (or not), and the age of the home, amongst other things.

While I personally believe that using the MLS is the best and most accurate method to check comps, sometimes that's not always possible. Maybe you don't have a realtor friend to check these for you, or perhaps you don't have a realtor on your team.

In such cases, a great free site to use is Zillow.com
Zillow gives you a very quick estimate of a home's worth, and while not entirely accurate, it certainly beats guesswork! Intersting to note that Zillow has entered into a new partnership with Yahoo, the massive web portal. Hopefully this partnership allows Zillow to offer even more accurate comps as they moved forward.