According to RealtyTrac.com, Nevada, Florida and Arizona lead the nation in foreclosure rates, while Sunbelt cities, such as Las Vegas,Nevada,Modesto,California.and Cape Coral-Ft. Myers,Florida.are among the leaders in that category. For investors, notes Sharga, a rocky residential market and ...
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Single-family homes: Single-family homes are the more costly option, but they appreciate faster and have a greater diversity of types and locations, whether a new, custom-built home in the suburbs or an older home closer to the city center. According to a recent NAR survey, many homebuyers...
s markets. Companies like Zillow were able to tap into that action. “In order to test the R&D side of this you need a lot of transactions. That’s one of the reasons a market like Phoenix was so attractive to these companies,” saysMark Stapp, a business professor at Arizona State ...
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 As we have seen withover a hundred homes profiled here in Southern California, some loans are actually worthless. It is very possible that some mortgage portfolios are only worth 20 or 30 cents on the dollar. Is that s...
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We have this mentality in the current market place.The majority of folks that invest heavily into renovating their homes are looking to flip the property for a larger profit.Not everyone, but with shows likeFlip This Houseyou begin to realize ...
-$4 billion in grant money to state and local governments to buy and rehabilitate foreclosed homes in low to moderate income areas. (Amazingly this is the part the Bush Administration had a major hang up over and not...
Also, if the foreclosed property auction doesn't bring in enough money to pay off the promissory note, the lender may file adeficiency judgmentagainst the borrower, suing for the balance. However, even after the property is sold, the borrower has theright of redemption: they may repay the l...