Welcome to Foreclosure Guide
Realestate Foreclosure Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
The Quality of the Neighborhood is an Important consideration when Purchasing a Foreclosure Home
from:When you are prospecting for a foreclosure, home the neighborhood should be taken into consideration. We all want to have a great home, but the neighborhood also plays a big part in the value of the foreclosure home purchase.
Investigate the area:
• What is the surrounding property like? Is it well kept or rundown? Is it a residential area exclusive to homeowners or is there a mixture of homes and rental units sandwiched together?
• Is the community stagnant, deteriorating, or being built up?
• Is there commercial property in the area? Are their retail stores and grocery chains either already in the neighborhood are considering coming into it?
• Will you have easy access to retail outlets without having to use your car each time you need a loaf of bread or and gallon of milk?
• Do you have access to buses and taxis, trains, subways or other public transportation?
• How many for sale and for rent signs are visible? From a foreclosure home purchase standpoint, it is always a more lucrative investment if there are more homeowners than renters or tenants in the immediate area. Property values are higher in an area that caters to homeowners.
• Not only is it important to consider the condition and age of the foreclosure home you are considering, it is also important to look at the age and maintenance level of all the homes in the area.
• Similarly, consider the age and quality of the cars in the area as well as the city maintenance of the roads and streets. Are there quiet residential streets or busy thoroughfares?
• Are the sidewalks clean and litter free, is there a good quality trash collection system, are the public parks well maintained?
• Are there community centers, schools, training centers, career opportunities in the area or close to the area in which you would like to buy foreclosure home?
• How good are the schools rated in the area?
• Consider the noise factor if you will purchase a foreclosure home in the vicinity of a industrial park, opposite an elementary or high school, or within the downtown core where there is traffic congestion, night clubs and various other night life activity.
• What is the level of security in the area? Are there hospitals, clinics, fire stations, and police stations? Is there a neighborhood watch?
• What is the crime rate in the area?
As you can see from the details provided above that purchasing a foreclosure home is more than merely living in a home, it is a community investment. For more tips on community living click on the site U.S. Department of Housing and Urban Development
Realestate Foreclosure News
REAL ESTATE: Texas firm targets homeowners with foreclosed 2nd mortgages - Press-Enterprise
 Press-Enterprise | REAL ESTATE: Texas firm targets homeowners with foreclosed 2nd mortgages Press-Enterprise Oscar was sued by Heritage Pacific Financial in an effort to keep a bankruptcy judge from discharging, or erasing, an $88000 second mortgage note against the house Trejo lost through foreclosure in 2008. Trejo won but HPF has appealed. Firm Targets Calif. Homeowners With Foreclosed 2nd Mortgages |
Are Declining Foreclosures Good News for Housing? - DailyFinance
Are Declining Foreclosures Good News for Housing? DailyFinance Last week, an especially tasty morsel was reported by real estate data company Realty Trac: Foreclosure filings for April represented the lowest since 2007, falling 14% from a year previous. In addition, the Mortgage Bankers Association noted that ... |
Foreclosure postings rise in June - San Antonio Express
Foreclosure postings rise in June San Antonio Express James Gaines, research economist with the Real Estate Center at Texas A&M, said its possible that foreclosure postings could rise later this year. Many analysts say lenders have been delaying foreclosures, but will start moving large numbers of ... |
Malloy Announces Plans for CT's Share of Foreclosure Settlement - Patch.com
 Mortgage Rates & Trends | Malloy Announces Plans for CT's Share of Foreclosure Settlement Patch.com The state's share of a $25 billion settlement will be spent on expanding programs that assist distressed homeowners. By Chandra Johnson Greene Before you buy a foreclosed home, be sure you know how. Debbie Ferrari/Real Estate Broker Gov. Georgia – No Plans To Help Homeowners |
Wisconsin real estate market continues to rebound - Rockford Register Star
 TIME | Wisconsin real estate market continues to rebound Rockford Register Star The median price was down 1.6 percent in that region, but it fell a full 4.4 percent in the metro Milwaukee area where most of the state's foreclosed properties are concentrated. MILWAUKEE — The real estate market in Wisconsin continued to rebound ... Sales of previously owned homes rise 3.4% in April Home Sales Jump as Number of Foreclosures Drops Distressed home sales drop in April |
Md. foreclosure programs prolong crisis, experts say - Washington Examiner
 TIME | Md. foreclosure programs prolong crisis, experts say Washington Examiner "In nine and a half out of 10 cases, modifications don't work and the homes are eventually foreclosed on," said Vince Caropreso, a Maryland real estate agent and certified distressed property expert. "Some consumers just use it as a way to stay a ... Why This May Be the Ideal Time to Buy Real Estate There's No Time Like The Present! Senator's Mortgage Trouble Highlights Positive Housing Trend |
DC news in brief - Washington Post
DC news in brief Washington Post ... on foreclosure prevention, homeownership, senior housing and financial literacy; free credit reports and counseling; home repair and cooking demonstrations; and exhibits from community and government organizations, lenders and real estate agents. |
Carolina Real Estate Professionals Helping Local Homeowners Avoid Foreclosure ... - PR Web (press release)
 PR Web (press release) | Carolina Real Estate Professionals Helping Local Homeowners Avoid Foreclosure ... PR Web (press release) By earning their Certified Distressed Property Expert® (CDPE) Designation, local real estate professionals learn how to help homeowners facing financial hardships by understanding their individual circumstances and how to navigate foreclosure ... |