I’m hearing and reading that people are looking for foreclosures and short sales to get a great deal. I say, let’s back up a bit and talk about what most buyers really want – they want the best price they can get. If you’re buying Daytona Beach homes … [Read more...]
Are You Looking for a Foreclosure or Great Value?
Customer Question: What is the Difference Between a Potential Short Sale and Bank Owned
What is the Difference Between a Potential Short Sale and Bank Owned? We deal with a lot of customers and we get a lot of the same questions. This is one that's asked often. A bank-owned/REO (Real Estate Owned) property is one that has already been … [Read more...]
Foreclosure and Delinquency Rates Rise
The Foreclosure Wave is Nowhere Close to Ending A new record high of homeowners delinquent on the mortgage or foreclosure was reached in the third quarter. Rising unemployment and balloon and teaser rate mortgages coming due through 2011 means that … [Read more...]
FHA Loan Sharks Creating More Real Estate Foreclosures
It's Not Over - Sharks and Wolves Find New Ways to Game the System The front cover of the current issue of Business Week (December 1) states "The Subprime Wolves are Back and They're Feeding Off the Bailout." This article will really get your … [Read more...]