Without a doubt, 2007 was one of the worst real estate years many had seen in quite some time. In fact, many people have begun to compare the current real estate market crash to the crash of the 1980s. While it does not appear that prices will improve this year, there are indications that the [...]
A foreclosed property can be purchased at several different stages and sometimes they get auctioned off at an actual auction. There are several reasons why it would end up being sold this way:
1. The debt on the property is so high that if purchased before the auction there wouldn’t be any profit potential
2. The seller [...]
Foreclosure is a legal procedure by which a borrower’s rights to a mortgaged property may be ceased because of failure to maintain mortgage payments. The lender can acquire ownership of the property for which the loan was originally issued in case the borrower fails to live up to the obligations agreed to in the loan [...]
Pick up any newspaper today and you are likely to see at least one article or sidebar discussing the mortgage crisis. While there are still a few markets that have remained relatively untouched by the crash of the subprime market, most areas throughout the country have felt the impact in some way or another. As [...]
