In recent years foreclosed homes have become conspicuous targets for real estate investors — even novices have been lured by the dream of getting opulent quick through foreclosure “flips.” How good — or bad — cogitation is it to buy a foreclosure, given the current housing market? What lucre can you actually get from buying [...]
Posts under ‘Foreclosure’
Potential Foreclosure Reasons
Most homeowners who experience foreclosure due to a medical disability often suffer from a physical accident or illness. While these are often serious and devastating, and can lead to permanent disabilities, finding out that the borrower is suffering from a mental problem can present more unique challenges. But if a homeowner can be diagnosed as [...]
From Boom to Bust
Helping Families Prepare for the Rise in Subprime Mortgage Foreclosures
Alarm bells are ringing loudly on Wall Street amid rising late payments and delinquencies on sub¬prime home mortgages across the country, which are adding further worries to an already slowing economy and labor market. The spike in foreclosures is delivering substantial losses to some home mortgage [...]