Deciphering the often conflicting data coming out of the housing market can be difficult. The abundance of good and bad reports released on a daily basis can lead to mixed signals and confusion for the average investor Read More
Home prices in just about every American city have taken a beating in the last two years. So, how much house will three hundred thousand dollars buy you in today`s market? CBS News correspondent Bianca Solorzano took a look.
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Local foreclosure crisis expected to worsen
Las Vegas real estate agent Frank Nason has read numerous reports about Nevada leading the nation in foreclosures and the "phantom inventory" of foreclosures coming down the pike. Read More
Foreclosures dropped 11% nationally to 205,031 in the second quarter as moratoriums, bailouts, reforms, and negotiations helped some strapped homeowners hang on to their properties, according to Foreclosures.com's latest index. Read More
What is pre-foreclosure?
A property is considered to be in pre-foreclosure when the owner is late with at least one payment and has received notification from the lender. Read More
Foreclosures have been a powerful force in the real estate market for some time. And don’t expect that to change any day soon — even though recent stats show moderation in the pace of homes going back to lenders. Read More
SACRAMENTO, CA - July 8, 2009 - (RealEstateRama) — While President Obama, Congress, and the American people debate financial regulatory reform, foreclosures continue to mount as embattled housing markets bump along the bottom.
But amid much talk about problems, many areas of the country are now experiencing rebounds, with declining foreclosures, increasing home sales and even increased average sale prices, according to ForeclosureS.com, a leading real estate information provider. Read More
My colleague Prashant wrote recently about a second wave of foreclosures possibly headed our way in the second half of this year as banks tried to unload homes they can’t refnance. But for now at least the big wave of bank-owned properties appears to have crested. Read More
Florida was second in the nation in preforclosures and bank-repossessions through the first six months of the year, according to a report by Foreclosures.com.
Florida reported 225,170 preforclosure filings from January to June, which compares with 256,133 filings in the same period in 2008. Read More
Foreclosures dropped across the country in Q209, according to the U.S. Foreclosure Index from property information specialists ForeclosureS.com.
Foreclosures dropped 11% during Q209 to 205,01. The crowded Northeast region led the way with a 32% fewer families losing their homes than in the previous quarter. Pre-foreclosures – notices of default early in the foreclosure process – fell by 10% from Q109 to 494,078. In the Midwest, 42% fewer notices were given. Read More
Sales of existing homes increased for the fourth straight month in May and signs of a price bottom are starting to appear, Las Vegas housing analyst Dennis Smith said Wednesday. Read More
While President Obama, Congress, and the American people debate financial regulatory reform, foreclosures continue to mount as embattled housing markets bump along the bottom.
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wave of foreclosures is expected to hit Las Vegas as banks lift a voluntary moratorium that was extended from March to the end of May, though nobody has an accurate estimate of how many bank-owned homes will be added to an already bulging inventory. Read More
Foreclosures in California are at near-record levels, and recent declines in both property values and employment mean that more homeowners will land in foreclosure this year. Read More
News headlines scream almost daily about soaring foreclosures, that more than 1 million homes were lost to foreclosure in 2008 and the number is expected to top 1.2 million this year. Read More
The nation’s banks need cash and their bulging portfolios of “hidden” foreclosures are one ticket to help them get it, if they price it right, says a foreclosure expert. Read More
Rick Worth keeps a manicured yard at his home in the Palm Hills community near Horizon Ridge Parkway in Henderson, much nicer than the foreclosures on his block.
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Rock-bottom prices and historically low interest rates are providing opportunities for investors eager to jump into Silicon Valley’s housing market. Read More
NEW YORK, April 15 (Reuters) - Bond dealers more than quadrupled restructurings of risky mortgage securities in March in an attempt to "bulletproof" the debt from downgrades and credit losses, according to Amherst Securities Group. Read More
Completed U.S. foreclosures jumped 44% in March to another record high, according to foreclosure-listing service ForeclosureS.com.
The surge to 175,199 comes just two months after the firm said foreclosures fell sharply in January, Read More
My wife and I and our two young children live in a 3 bedroom, 2 full/2 half bath Colonial in Sea Cliff, Long Island. We bought the home, which is fairly small, four years ago for $548,000 and have a 30 year mortgage at 5.625%. Read More
Lenders opened the floodgates by lifting a moratorium on foreclosures in March, resulting in a record number both in Clark County and nationally, a foreclosure expert said today. Read More
As expected, foreclosure activity took a big jump in March after a moratorium on on actions by lenders using Fannie Mae and Freddie Mac loans was lifted. Read More
Mike Reilly spent his lifetime chasing the California dream. This year he's going to look for it in Colorado.
With a house purchase near Denver in the works, the 38-year-old engineering contractor plans to move his family 1,200 miles away from his home state's lemon groves, sunshine and beaches. Read More
February foreclosure filings dropped slightly in Brevard County compared with the previous month but remained at uncomfortably high levels. It was the third consecutive month with filings topping the 800 mark. Read More
Business has been good for Harley Marks and Greg Ozuna, two former car salesmen who started American Home Services in Las Vegas a few months ago to clean out foreclosed homes.
From all indications, it's going to get better.
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(SACRAMENTO, CA) -- Despite government efforts to stem the foreclosure tide, California-based housing analyst Alexis S. McGee predicts a buying rally is imminent.
"I see a housing rally ahead because consumers simply can't afford to sit on the sidelines any longer," adds McGee. Read More
The number of Colorado homes sold in foreclosure climbed more than 42 percent in February from the month before, according to data released Wednesday by Foreclosures.com, a Sacramento-Calif.-based real estate information provider. Read More
After a slight downtick to start the year, home foreclosures in Las Vegas jumped to 3,286 in February, double the amount from the same month a year ago, Foreclosures.com reported Wednesday. Read More
Completed foreclosures jumped by more than 67 percent in February from January to the highest monthly total since the onset of the crisis, according to ForeclosureS.com. The spike follows a significant decline in foreclosures in January. Read More
U.S. stock futures were higher Wednesday morning, indicating stocks could continue the momentum from Tuesday's massive rally, the biggest one-day rally in more than four months, spurred by Read More
Completed foreclosures in February reached the highest monthly total since the foreclosure crisis began, soaring by more than 67 percent over January’s reduced foreclosures, according to figures compiled by Foreclosures.com Inc., of Fair Oaks, a foreclosure information company. Read More
Completed foreclosure sales in February reached their highest monthly mark since the beginning of the foreclosure crisis, according to a survey released Wednesday by online foreclosure analytic company and real estate information provider ForeclosureS.com. Read More
The number of foreclosures completed in February grew 67 percent over the prior month, according to a report from Foreclosures.com, hitting a new monthly high. Read More
Rising unemployment across the country and large numbers of people continuing to struggle with mortgages produced a sharp increase in U.S. foreclosures in February, Fair Oaks-based Foreclosures.com said in a report being released today. Read More
Home foreclosures in Los Angeles County soared more than 60 percent in February after moderating for several months, a sign that mounting job losses are exacerbating the market's woes, an industry tracker said today. Read More
A property is considered to be in pre-foreclosure when the owner is late with at least one payment and has received notification from the lender. The entire matter is still not considered legal, though, until a Notice of Default is filed at approximately day 90. Read More
Orange County is gearing up to start work on some of its most blighted neighborhoods.
In March, the county plans to buy foreclosed and abandoned homes in five distressed Read More
It could take a lot more government prodding and pushing, but there are signs that the housing market is nearly done collapsing and may now start treading recessionary waters. Both RealtyRac and ForeclosureS.com report a sharp decline in month-over-month Read More
Even though more Americans are falling behind on mortgage payments, the torrent of home foreclosures is slowing as lenders await a U.S. government plan aimed at keeping troubled borrowers in their homes. Read More
So Wednesday's good news that the U.S. Foreclosure Index showed a decline in the number of foreclosures in January vs. December was offset by a new study from FindLaw.com Read More
Las Vegas home foreclosures declined 20 percent in January to 2,609 from 3,283 the previous month, online source Foreclosures.com reported Friday. Read More
New figures indicate the worst may be over for the struggling local housing market. The website foreclosures.com reports a 20% drop in Las Vegas foreclosures for January, compared with December. Read More
Even though more Americans are falling behind on mortgage payments, the torrent of home foreclosures is slowing as lenders await a U.S. government plan aimed at keeping troubled borrowers in their homes. Read More
SACRAMENTO, Calif.--(BUSINESS WIRE)--Foreclosures across the United States plummeted by more than 25 percent in January, with many of the hardest-hit states seeing dramatic drops in the number of homes repossessed Read More
Completed foreclosures dropped more than 25 percent across the country in January, according to data released Wednesday by online foreclosure analytic company and real estate information provider ForeclosureS.com. Read More
A new report from Foreclosures.com finds that during January, California "continued to see dramatic change as foreclosures dropped and buyers moved into the real estate market." Read More
WASHINGTON (MarketWatch) -- A key member of Congress and a federal regulator encouraged financial institutions to suspend home foreclosures, as Washington's debate continued Read More
Foreclosures across the United States plummeted by more than 25 percent in January, with many of the hardest-hit states seeing dramatic drops in the number of Read More
SAN FRANCISCO
Gasoline prices rose again
California's average price jumped 22 cents in the past month to $2.23 per gallon, according to AAA Northern California. Read More
he number of California families who lost their homes to foreclosures plunged 31.5 percent from December to January, a sign that the state's real- estate crisis may be easing, an industry tracker said Tuesday. Read More
Foreclosures across the U.S. fell sharply in January from a month earlier, with many of the hardest-hit states seeing big drops in the number of homes repossessed by lenders, Read More
In response to the continuing state budget crisis, the California state controller’s office began to delay $3.5 billion in state payments this Monday due to lack of funds. Read More
Q I live in Queens and, after reading your column about the college student who wanted to buy a foreclosed home, I became very interested in buying my own. Read More
A staggering 10,700 Stanislaus County homes were lost to foreclosure during 2007 and 2008. That's nearly 9 percent of all houses and condos in the county. Read More
Readers suggested a topic on the housing bubble and the outgoing President. “Since we are approaching the end of the Bush debacle, a very good topic would be how much blame he deserves for this mess. Read More
Las Vegas has been one of the hardest hit markets across the country. Along with California, Florida, and other parts of Nevada, Las Vegas rode the boom times while home values Read More
Hungry for a piece of the foreclosure pie? Christopher Burkhart of Calaveras County, Calif., found a deal for less than half of its boom price. Read More
A property is considered to be in pre-foreclosure when the owner is late with at least one payment and has received notification from the lender. Read More
OKLAHOMA CITY (AP) - With more than two months remaining in 2008 the number of foreclosures in Oklahoma County are already more than in all of 2007. Read More
U.S. home foreclosures jumped 64% to nearly one million homes in 2008 from a year earlier, according to foreclosure-listing service Foreclosures.com. Read More
Economic data released earlier today set the mode in motion for the markets to fall, and fall sharply. At the closing bell major U.S. indices were negative, by triple digits. Read More
Colorado ranked No. 5 in the nation last year for its foreclosure rate of 2.41 percent, compared with a national average of 1.84 percent, according to the year-end RealtyTrac report released Wednesday. Read More
A report issued today by ForeclosureS.com shows that roughly a million homes were lost to foreclosure last year, an increase of more than 60 percent from 2007: Read More
The San Jose Mercury News reported today that the percentage of homes sold to investors in the last 3 months has increased, and that there are many more investors buying homes now than 5 years ago. According to Alexis McGee, president of Foreclosures.com Read More
Unemployment rates will continue to soar while consumer spending dips further during housing woes over the next few months, according to several experts. Read More
SACRAMENTO • The nation’s foreclosure hemorrhage has finally slowed and 2009 should see a significant decline in foreclosures as buyers return, Read More
About 1 million homes were lost to foreclosure in 2008, up nearly 63.5 percent from 2007, according to the U.S. Foreclosure Index from ForeclosureS.com, a leading real estate information provider. Read More
FAIR OAKS, Calif. - Foreclosure filings in Northern Colorado slowed down during the fourth quarter compared to the rest of the year, according to the year-end data from Foreclosures.com. Read More
The number of properties facing foreclosure proceedings jumped 81% and the number of American households losing their homes through foreclosure surged 66% in 2008, according to two studies. Read More
Foreclosure totals were released today for 2008 and things could be worse for California. Irvine-based RealtyTrac, a self-described "online marketplace for foreclosure properties," issued its tally of foreclosure filings Read More
Las Vegas Housing prices have fallen to a point where they are nearly 19-percent below market fundamentals, according to a new report. In addition, foreclosures are expected to be at a record high. Read More
n November, it took the No. 1 spot for foreclosure activity in the nation.
The area ranked second in October, after dropping to third in September. It was No. 6 in August.
Lee County had 5,813 foreclosure-related filings, Read More
The national residential real estate recovery has begun and by next June, the excess inventory of available homes should be absorbed, according to Alexis McGee, president of Foreclosures.com, a leading real estate and property information specialist. Read More
ForeclosureS.com's real estate expert and president, Alexis McGee, expects a strong rebound in housing in 2009. She said the foreclosure hemorrhage has finally Read More
...ForeclosureS.com shows a slight drop from 84,534 to 84,291 in the number of properties repossessed by lenders following foreclosure last month over October. Read More
It's called loan modification, All Western Mortgage President Chris Biaggi said.
With millions of homeowners stuck in adjustable-rate mortgages and unable to refinance, loan modification or "workouts" will be the hot-button of the mortgage industry in the coming year, he said.
In loan workouts, the lender modifies the interest rate, loan balance, late fees or other terms to make payments more affordable. Homeowners are not forgiven any debt; they're simply given a break to catch up on payments. Read More
There are at least 400 homes currently in foreclosure within a few miles of the proposed development, according to the website Foreclosures.com. Read More
Prices of existing homes in the Victor Valley fell a staggering 6.6 percent in October but the pace of local home sales soared more than 300 percent from last year, according to a report released Monday. Read More
Reflecting a national trend, the number of preforeclosure filings and real estate-owned, or bank-owned properties, in Las Vegas fell in October from the previous month, Foreclosures.com reported today. Read More
Florida saw a drop in monthly foreclosures in October, but Orange County saw in an increase in pre-foreclosures, according to Foreclosures.com. Read More
Foreclosures fell for the second month in a row in October to nationwide lows not seen since last February, according to the latest U.S. Foreclosure Index from ForeclosureS.com. Read More
Nothing illustrates the devastation of America's housing bust more vividly than the abandoned properties now blighting the nation's communities. In the third quarter alone, foreclosure filings were reported on more than 750,000 properties in the United States, a 71 percent increase from the same period last year, according to RealtyTrac. Read More
A new state law that requires mortgage lenders to make greater efforts to help distressed borrowers avoid foreclosure caused a significant dip in loan default notices in San Diego County during September. Read More
Dire conditions in a once prosperous East Side Detroit neighborhood underscore the impact the wave of home foreclosures is having on working people across the United States. Read More
So far this year 2.22% of all homes in the U.S., have entered the foreclosure process, according to estimates by the Foreclosures.com Web site. Read More
Foreclosures.com counted 3,563 real estate-owned properties in Clark County taken back by lenders in September, bringing the year-to-date total to 22,543. Read More
Only California, with 89,450 filings, and Arizona, with 31,882, ranked worse than Florida, according to the U.S. Foreclosure Index report from Foreclosures.com. Read More
Florida remained among the leading states in preforeclosures and bank repossessions, according to the U.S. Foreclosure Index report from Foreclosures.com. Read More
Foreclosures.com counted 3,563 real estate-owned properties in Clark County taken back by lenders in September, bringing the year-to-date total to 22,543. Read More
While the number of foreclosure auctions is soaring, many transactions aren’t taking place at asking prices because some lenders are demanding too much, brokers and investors say. Read More
Chicago, IL (AHN) - Cook County Sheriff Tom Dart faces being found in contempt of court for his decision to suspend enforcing eviction orders because he says they too often involve rent-paying tenants who didn't know their landlord hadn't paid the mortgage. Read More
Web site Foreclosures.com just released its monthly U.S. Foreclosures Index for the month of September. Foreclosures increased by nearly 7% from August to September — making it nearly certain—the site says—that this year will see more than 1 million foreclosures in the US. Read More
...banks took the homes of more than 2,000 registered voters in the four-county Sacramento region, according to a Bee analysis of voter registration records and data from foreclosures.com. Read More
or 8.6 of every 1,000 households in the United States – and remain on track to repossess more than 1 million nationwide by year-end, ForeclosureS.com reported. Read More
Preforeclosure filings nationwide surpassed 1.25 million through July, up 88.6 percent from a year ago, California-based Foreclosures.com reported. Read More
If you knew you could stop making house payments and remain in your home for up to a year or even longer, would you continue paying the mortgage?
A southern California company is selling a system that helps distressed homeowners take advantage of foreclosure laws.
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At least a half dozen neighboring homes on Clay Creek Way in north Sacramento are in various stages of foreclosure according to data from Foreclosures.com. Read More
...8.6 of every 1,000 households in the United States --and remain on track to repossess more than 1 million nationwide by year-end, Foreclosures.com reported.
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According to data released by ForeclosureS.com, a Web site for real estate investors, almost 102,000 homeowners lost their homes to foreclosure in August... Read More
Arizona Ranks Second In July Foreclosure Fillings. “ForeclosureS.com: Pre-foreclosures hit record highs in July both nationally and in 14 states and the District of Columbia. Read More
This is a follow-up to the author's first book on the subject, The ForeclosureS.com Guide to Making Huge Profits Investing in Pre-Foreclosures Without Selling Your Soul. Read More
According to new figures released today by California-based foreclosures.com, preforeclosure filings hit record highs in July, both nationally and in 13... Read More
Pre-foreclosures reached a record last month in 14 states and the District of Columbia, but California escaped the list, according to new figures from ForeclosureS.com. Read More
"You call them or knock on their doors and say, 'I know you're having a problem and I think I can help you,' " said Alexis McGee, co-founder of Foreclosures.com. Read More
McGee said that she's personally purchased many "preforeclosure" homes as investments, looking for properties in which owners still have equity... Read More
Preforeclosure filings nationwide already have surpassed a million in the first half of the year, nearly double the number from a year ago, Foreclosures.com reported. Read More
“If the trend continues, we could see one million properties lost to foreclosure across the country by year-end,” Alexis McGee, president of ForeclosureS.com, said in the release. Read More
That’s six of every 1,000 households nationwide repossessed by the bank following foreclosure so far in 2008, according to real estate information service ForeclosureS.com. Read More
Times staff writer The ForeclosureS.com Guide to Advanced Investing Techniques You Won't Learn Anywhere Else, by Alexis McGee (Wiley, $21.95)
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Some of the latest book titles on Amazon.com include: ..."The Foreclosures.com Guide to Making Huge Profits Investing in Pre-Foreclosures Without Selling Your Soul." Read More
...have been over and above their means for a long time,' says Alexis McGee, author of The Foreclosures.com Guide to Making Huge Profits Investing... Read More
Not all short sales and those who tout them are legitimate, and even if they are, a short sale can be a long, tedious, and not always successful process," says Alexis McGee,...ForeclosureS.com. Read More
“Now is the low; high is just around the corner,” says Alexis McGee, foreclosure information expert, educator, and president of foreclosure property information specialists ForeclosureS.com. Read More
Sacramento's Foreclosures.com reported Monday that fewer homeowners in the U.S. lost their properties to foreclosure for the second straight month... Read More
Colorado properties lost to foreclosure in May were down while preforeclosure filings were up, according to the latest data from Foreclosures.com. Read More
"The sky isn't falling, and the bottom of the housing market is in sight," said Alexis McGee of Sacramento-based ForeclosureS.com in a prepared statement. Read More
Home buyers find banks holding tight on prices at foreclosure auctions
Like many Las Vegas residents in search of a sweet deal on a foreclosed home, Mike Simpson walked away disheartened and discouraged after wasting his time at a recent foreclosure auction at Cashman Center. Read More
Serious homebuyers and investors take note: Don't fret recession talk and dismal foreclosure and mortgage delinquency numbers coming from the experts. Read More
Just take a look at one of the popular books on the topic, “The Foreclosures.com Guide to Making Huge Profits Investing in Pre-Foreclosures Without Selling Your Soul,” by Alexis McGee. Read More
...preforeclosure status reached a record 6,152 in March, up 52 percent from February and more than double the 2,813 preforeclosures in the same month a year ago, Foreclosures.com reported. Read More
Nevada continues to lead the nation in preforeclosure filing rate with 1.5 percent of 747,000 households in trouble, Alexis McGee of Foreclosures.com reported. Read More
In February 2008, 4,950 homes entered the foreclosure process in New York State, and 3,280 of those filings were in New York City, according to Foreclosures.com. Read More
Alexis McGee, head of Foreclosures.comand author of a book about foreclosure investing, says she won't touch an REO unless it has been on the market for six months. Read More
"Who doesn't like to buy quality product at 30, 40, 50 percent and more off retail prices?," says Alexis McGee, president and co-founder of ForeclosureS.com... Read More
...currently 133,476 pre-foreclosures, or foreclosures in process, 31,904 auctions and 38,793 foreclosed properties held by lenders, making it ripe for foreclosure investing, according to Foreclosures.com... Read More
"Sometimes the emotion will be upset, sometimes denial, sometimes relief because it's been a burden for a long time, especially if they have been over and above their means for a long time," says Alexis McGee Read More
...31,904 auctions and 38,793 foreclosed properties held by lenders, making it ripe for foreclosure investing, according to Foreclosures.com... Read More
...an average of 85 people lost their homes to lenders, near double the number of foreclosures from June, according to Fair Oaks-based Foreclosures.com... Read More
A unit in one of the twin 18-story towers in Irvine has been repossessed by the lender, the first foreclosure in Marquee Park Place, according to two Web sites that track foreclosures, ...foreclosures.com. Read More
...home loans are in default at a rate of 6.1 percent and 3 percent, respectively, of the existing housing stock, according to Foreclosures.com. Read More
Median resale prices are down 8.7% in the same period. In the Phoenix area's Pinal and Maricopa counties, home loans are in default at a rate of 6.1% and 3%, respectively, of the existing housing stock, according to Foreclosures.com. Read More
The Sunshine State is near the top in the nation in November and year-to-date foreclosure filings, according to a monthly report by ForeclosureS.com. Read More
...more homes nationwide were repossessed by lenders in November alone, up 31.8% from October, according to Sacramento-based Foreclosures.com. Read More
The Sunshine State is near the top in the nation in November and year-to-date foreclosure filings, according to a monthly report by ForeclosureS.com. Read More
The Foreclosures.com statistics are based on an analysis of the number of formal notices filed against a property in the foreclosure process. ... Read More
Weld County has seen a 16 percent increase in foreclosure filings compared to the same period last year, according to the latest data from Foreclosures.com. Read More
The number of repossessed homes in the U.S. soared nearly 32% in November from October, to 72,101, according to Foreclosures.com, an industry Web site. Read More
Foreclosures nationwide climbed again last month as tens of thousands more struggling homeowners lost their properties, according to figures compiled by Foreclosures.com... Read More
Nevada continues to lead the nation in preforeclosure filings per capita, although the country as a whole is showing signs of recovery, California-based Foreclosures.com reported. Read More
...according to Alexis McGee, president of Foreclosures.com, is the sweet spot of foreclosure investing. "You get an exclusive deal with a motivated seller... Read More
The number of real estate owned homes surged 24 percent nationwide in October, but foreclosures overall have dropped 12 percent since August, according to a report from Foreclosures.com. Read More
"It's time that people via the media get an accurate and realistic picture of what's happening in foreclosures across the country," said Alexis McGee, CEO of ForeclosureS.com. Read More
A comparison of preforeclosure filings with homes actually going back to mortgage lenders indicates a slowing of the mortgage meltdown in some parts of the country, contends Foreclosures.com... Read More
Alexis McGee is both architect and teacher of our exclusive Learning Programs designed for both new and experienced real estate investors all across the country. Read More
McGee, 46, is president of Foreclosures.com. Last month her book, “The Foreclosures.com Guide to Making Huge Profits Investing in Pre-Foreclosures Without Selling Your Soul” hit store shelves. Read More
...ForeclosureS.com, a publisher of foreclosure data, issued a press release Monday, claiming foreclosures in the United States dropped nearly 21.5-percent... Read More
The number of real estate properties repossessed by lenders was down in September compared to previous months, a monthly report by foreclosures.com showed. Read More
...the rate of mortgage-default and foreclosure-auction filings in Lee County, where Fort Myers is located, was second highest in the United States, according to Foreclosures.com. Read More
ALEXIS McGEE sees foreclosure -- or, more accurately, the threat of foreclosure -- as a ripe business opportunity, and with care, clarity and considerable knowledge... Read More
...the rate of mortgage-default and foreclosure-auction filings in Lee County, Fla., where Fort Myers is located, was second-highest in the U.S., according to ForeclosureS.com. Read More
According to Foreclosures.com, there are about 1.6 million homes across the country in the pre-foreclosure stage and nearly 1 million already at auction. Read More
...Alexis McGee, has spent over 20 years in the foreclosure business. She operates the foreclosures.com website, which collects data on troubled real estate properties. Read More
11 states had triple-digit percentage increases in August foreclosures compared to a year earlier, said the information service Foreclosures.com. Read More
www.foreclosures.com - If you're serious about buying cheap and selling dear, you need to have a source for houses on the market at rock-bottom prices. Read More
...Georgia ranks fourth nationally in foreclosures where 9.9 of every 1,000 people have lost their homes this year, according to Foreclosures.com... Read More
The nation’s foreclosure abyss has widened with 11 states seeing triple-digit increases in August compared to a year earlier, says Foreclosures.com... Read More
.com found that for the first eight months in Hawaii, real estate owned -- property that has been foreclosed upon by lenders -- jumped 138 percent... Read More
According to Foreclosures.com, the foreclosures have rendered hundreds of thousands of Americans homeless and many more are facing impending foreclosure. Read More
Courtesy of Alexis McGee, author of ‘‘The Foreclosures.com Guide to Making Huge Profits in Pre-Foreclosure Investing Without Selling Your Soul.’’ Read More
The ceaseless multiplication of this joint impasse helps explain the 617,000 foreclosures during the first seven months of this year... according to Fair Oaks-based Foreclosures.com Read More
"... but we had better get used to it because the blood-letting likely will continue for another 12 to 18 months," Alexis McGee, president of foreclosures.com said... Read More
Preforeclosure filings and homes lost to foreclosure are up on both a per-capita basis and in sheer numbers for the year's first seven months, California-based Foreclosures.com... Read More
"...many more overextended homeowners not even in default yet won't be able to refinance because of tightened credit markets..." said Foreclosures.com President Alexis McGee. Read More
Los Angeles recently had an auction of 400 real estate-owned properties and the auction house boasted a 95 percent delivery of the broker's price opinion, Alexis McGee of Sacramento, Calif.-based Foreclosures.com said. Read More
Florida had the second-highest rate of preforeclosure filings in the first half of the year, according to the latest figures from Foreclosures.com. Read More
Costilla County in south-central Colorado had 253.5 homes lost to foreclosure for every 1,000 households year-to-date, according to data from Foreclosures.com. Read More
...foreclosure data tracking company ForeclosureS.com concludes that pre-foreclosure filings for the first seven months of 2007 were up 83-percent... Read More
“The big picture is that the formerly artificial, overzealous housing and loose credit markets have adjusted too firmly and a clampdown in liquidity is the result,” says Ms. McGee, president of Foreclosures.com... Read More
The Sunshine State saw a spike in pre-foreclosure filings last month, pushing it to No. 2 in the nation in total filings and filings per capita so far this year, Foreclosures.com said. Read More
As the homeownership outlook grows grimmer nationwide, the Midwest leads the country in per-capita foreclosures, according to Foreclosures.com. Read More
According to ForeclosureS.com, one of the leading areas of foreclosures in America is Tangipahoa Parish Louisiana... 31.3 filings per 1,000 households... Read More
Alexis McGee, author of "The Foreclosures.com Guide to Making Huge Profits Investing in Pre-Foreclosures...," the right of redemption can be tough on foreclosure buyers. Read More
...Colorado and Weld County ranking at the top nationwide for the number of individuals who have lost their homes, according to Foreclosures.com. Read More
Florida took the No. 2 spot among the states with the highest preforeclosure filings from January through June, foreclosures.com reported Monday. Read More
Alexis McGee, president of ForeclosureS.com, believes the market is trying to find its balance in the midst of a record number of foreclosure filings... Read More
...homeowners in the United States lost their homes to foreclosure in the first half of the year, up 41 percent compared to the same period last year, according to Foreclosures.com Read More
Banks and mortgage lenders last month repossessed 969 homes in Amador, El Dorado, Nevada, Placer, Sacramento, Sutter, Yolo and Yuba counties, according to Fair Oaks-based Foreclosures.com. Read More
ForeclosureS.com released a report this week, saying the state of Nevada is leading the pack when it comes to the state's number of pre-foreclosure filings per-capita. Read More
Among those professionals is Alexis McGee, president of ForeclosureS.com--a provider of nationwide foreclosure data. McGee believes a focus on calculating ... Read More
Alexis McGee, president of Foreclosures.com: During the last few years, inventory was tight, prices were rising and buyers were clamoring to get their hands on property. Read More
Large-scale auctions with rich promotion budgets and big crowds often trigger bidding frenzies and relatively high offers, said Alexis McGee... Read More
ForeclosureS.com shows that in the first three months of 2007, more than two percent of the homeowners in zip code 95832 defaulted on their mortgages.
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..."if someone offers to help you avoid foreclosure only for a fee, turn them down immediately, then turn around and report them to the local Better Business Bureau or Federal Trade Commission," says Alexis McGee... Read More
The rate of residential home foreclosure filings dropped dramatically in April, down 14.3% from the previous month, according to Foreclosures.com.
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Florida was tops among the Southeast states for foreclosures recorded in April, but the numbers declined from the previous month, according to Foreclosures.com. Read More
The number of homeowners in all three phases of foreclosure rose last month over the same period a year ago, according to Sacramento, Calif.-based Foreclosures.com... Read More
Alexis McGee did. She bought low, sold high. Then she and her husband, by luck, got into ownership of a nationwide company compiling and selling lists of properties in foreclosure. Read More
The number of homeowners in all three phases of foreclosure rose last month over the same period a year ago, according to Sacramento-based Foreclosures.com... Read More
ForeclosureS.com, a real estate investment advisory firm and publisher of foreclosure data, delivered a dose of positive news on Monday by reporting that foreclosures in April dropped 14.3 percent... Read More
And then there is Alexis McGee, 46, of Fair Oaks, who tells people they can profit from other people's financial crises without selling their soul, ... Read More
Owners of 168,829 homes in 2007's first three months were notified that lenders had filed for foreclosure because of failure to pay loans or liens, up from 83,154 homes in 2006's first quarter, Foreclosures.com said. Read More
Investors are losing money because of places like Riverside, where foreclosures almost tripled last quarter to 6,103 from a year earlier, the biggest increase in the U.S., according to Foreclosures.com. Read More
Investors are losing money because of places like Riverside County, California, where foreclosures almost tripled last quarter to 6,103 from a year earlier, the biggest increase in the U.S., according to Foreclosures.com. Read More
About two in every 1,000 homeowners faced foreclosure in the first three months of this year, according to a report released Monday by Foreclosures.com... Read More
Owners of 168,829 homes in 2007's first three months were notified that lenders had filed for foreclosure because of failure to pay loans or liens, up from 83,154 homes in 2006's first quarter, Foreclosures.com said. Read More
Foreclosures.com says the number of U.S. homes entering foreclosure in the first quarter doubled from a year earlier as property prices stagnated and owners struggled to refinance mortgages. Read More
Owners of 168,829 houses in the first three months of 2007 received notice that lenders had filed for foreclosure due to failure to pay loans or liens, Foreclosures.com Read More
Owners of 168,829 homes in the first three months of 2007 received notice that lenders had filed for foreclosure, according to figures released Monday by Foreclosures.com. Read More
Owners of 168,829 homes in the first three months of 2007 received notice that lenders had filed for foreclosure due to failure to pay loans or liens, Foreclosures.com said yesterday. Read More
In the first three months of 2007, more than 364,000 homeowners in the U.S. either faced a full-blown foreclosure or a foreclosure filing, according to a new report from ForeclosureS.com... Read More
More than a quarter-million (253,803) pre-foreclosures and notices of pending foreclosure auctions were filed nationwide in the first quarter of the year, according to figures compiled by Foreclosures.com... Read More
Owners of 168,829 homes in the first three months of 2007 received notice that lenders had filed for foreclosure due to failure to pay loans or liens, Foreclosures.com... Read More
It's also possible that the current homeowners will refuse to move out, and then you must deal with an eviction, says Alexis McGee of Foreclosures.com... Read More
"If you are looking for a deal, it is not going to come on the nice house on the nice street; it's going to come in something else," said Alexis McGee of Foreclosures.com. Read More
"Now the ones who can't refinance will downsize, and if anything, the move-up market will see the pain," said Alexis McGee, president and co-founder of Fair Oaks-based ForeclosureS.com... Read More
Alexis McGee is president and co-founder of ForeclosureS.com, a company based in Fair Oaks that provides training and support to customers who wish to invest in foreclosure properties. Read More
ForeclosureS.com, a California-based publisher of foreclosure property information, foreclosures dropped nationally in February to 106,074 filings, down 3.4 percent from January and down 6.5 percent from December. Read More
Home loan delinquencies in the Sacramento region increased by 312 percent from fourth quarter 2004 to fourth quarter 2006, according to figures supplied by Foreclosures.com... Read More
Sacramento, California-based ForeclosureS.com released a report Monday saying the real estate market is finally showing signs of stabilization... Read More
Fueled by job cuts and layoffs in major manufacturing metropolitan areas, the region reported 18,207 foreclosure filings in January, with Illinois, Ohio, and Michigan, leading the way, according to ForeclosureS.com, a California-based real estate investment advisory firm. Read More
White, a subscriber of Foreclosures.com, a foreclosure listing service and educational Web site, uses a spreadsheet to figure the costs associated with investing in a particular property. Read More
ForeclosureS.com, an online provider of comprehensive U.S. foreclosure data, recently released a series of foreclosure data reports for every U.S. region. Read More
Massachusetts and Florida rank first in their respective regions for logging the most foreclosure filings during the first month of 2007, according to a new report from ForeclosureS.com, a Sacramento, California-based provider of online foreclosure data.
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Nearly 11,500 Florida property owners filed for foreclosure in January, accounting for just over half of the entire Southeast region's 20,199 filings, according to ForeclosureS.com, a California-based real estate investment advisory firm. Read More
Foreclosures in Tennessee continued to rise in January with Shelby County hit the hardest, reporting 1,034 foreclosures during the first month of 2007, according to data from Foreclosures.com. Read More
Foreclosures.com, a leading online provider of distressed properties, listed 116 foreclosures yesterday in New Bedford. In comparison, Fall River had 81 and Taunton had 73 listings. Read More
While the Southwest led the U.S. in foreclosures for 2006, Arizona had only a minimal contribution to the upswing, according to figures released Monday by Foreclosures.com, a California-based real estate investment advisory firm. Read More
The state recorded 12,902 filings in 2006, according to Foreclosures.com, a Sacramento, Calif.-based real estate investment advisory firm and publisher of foreclosure property information. Read More
California had the most foreclosures filed nationwide, while Nevada had the largest percentage increase at 175 percent last year compared to 2005, according to ForeclosureS.com. Read More
Those are the findings of an internal analysis conducted by www.foreclosures.com, a California-based real estate investment advisory firm and publisher of foreclosure property information. Read More
The region ended 2006 with 220,189 foreclosure filings, compared to 160,259 in 2005, according to data from Foreclosures.com, a California-based real estate investment advisory firm. Read More
The statistics were released by Foreclosures.com, a Web site that publishes specific foreclosure information alerting investors to potential home buying bargains. Read More
Foreclosure filings in the Southeast totaled 220,189 for 2006, up 37 percent from 160,259 in 2005, according to new data from Foreclosures.com. Read More
Foreclosures were down in New Mexico in the fourth quarter, which is in line with what is happening throughout the Southwest region, according to figures released by ForeclosureS.com. Read More
California leads the nation in the number of homes going into the foreclosure process with 136,444 so far this year, up 68.5 percent from 80,989 in all of 2005, according to figures compiled by Foreclosures.com... Read More
While home foreclosure filings are declining around much of the Northeast, they continued to climb in New York this year, according to Foreclosures.com. Read More
A new report issued by Foreclosures.com shows that Florida leads the Southeast region and ranks second in the U.S. in the number of foreclosures. Read More
With almost three weeks left in the quarter, there are already 193,737 foreclosure filings, up 61 percent from 2005s total filings of 120,298, according to numbers from ForeclosureS.com. Read More
A lot of those folks are ending up on our foreclosure list if they can't get a new loan or sell their house," explained Alexis McGee, from foreclosures-dot-com. Read More
"The average house payment is up 15 percent this year," explained Alexis McGee of foreclosures.com. "If your income didn't go up 15 percent, you're going to be squeezed." Read More
Foreclosure rates are running rampant, and according to ForeclosureS.com, a northern California-based publisher of foreclosure property information, the Southwest is among the top states leading the pack. Read More
A new report issued by Foreclosures.com shows that Florida leads the Southeast region and ranks second in the U.S. in the number of foreclosures. Read More
...Foreclosures.com is making a once-shady business more respectable - and teaching a new class of investors how to turn hard times into sweet profits. Read More
Many homeowners in Las Vegas are "upside down" on their home mortgages, owing more than their home is worth, largely because lenders came to rely on inexperienced appraisers who predicated their business on speed and fees in the past few years, a local real estate appraiser said. Read More
Foreclosures.com reported that the number of notices that a date is set to sell the property in the first-quarter of 2006 was 119 and that dropped to 96 in the second-quarter. Read More
Foreclosure filings increased in the third quarter, according to Northern California-based ForeclosureS.com, a foreclosure information data provider and investor training company. Read More
In San Diego, more than 50 percent of purchase money mortgages issued in the past three years were for so-called creative loans, according to ForeclosureS.com. And now they're haunting homeowners and lenders alike.
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ForeclosureS.com is today reporting that the Florida housing market is "teetering on the edge of a cliff" and is predicting a big increase in default activity, especially in states in the West and Midwest. Read More
"We saw a drop in California foreclosures in the west in July, but that's not going to last," says Alexis McGee, president of Foreclosures.com, a privately held company based in Fair Oaks. Read More
They promise the American Dream: A home of your own -- with ultra-low rates and payments anyone can afford. Now, the trap has sprung. Online Extra: Spreadsheet on Foreclosures. Read More
"We find that our clients are primarily looking for investment property," said Alexis McGee, president of foreclosureS.com, a Web site for investors. Read More
Alexis McGee of the investor services agency Foreclosures.com said many homeowners who find themselves falling behind on their mortgage payments should not try to refinance, but rather simply try to sell. Read More
Foreclosure activity in California in the second quarter jumped by 67 percent over the year-earlier period, according to figures released Monday by Foreclosures.com... Read More
Foreclosure activity in several Western markets rose in the second quarter compared to second-quarter 2005 after a dip in the first quarter year-over-year foreclosure activity, according to Foreclosures.com, a foreclosure research company. Read More
Confirming the trend, online Web sites such as Foreclosures.com, which list foreclosed properties and charge subscription fees, all report an increase in listings. Read More
The larger of the two unrelated companies is Foreclosures.com, which provides information to investors interested in acquiring foreclosed properties.
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LAST MONTH, 43-YEAR-OLD Daryl White and his wife Renée closed on their new home: a five-bedroom, four-bathroom 2,900 square-foot house in Valencia, Calif., a planned community 40 miles north of Los Angeles. Read More
Foreclosures.com, a Northern California-based real estate investment advisory firm, reported that more than 8,000 properties went into foreclosure in Arizona during the first six months of the year. Read More
Some prices in several major California markets are starting to fall as a long awaited price correction in overheated coastal markets is underway in California's coastal areas, according to a report Monday from Foreclosures.com... Read More
Rising interest rates and a cooling housing market are driving foreclosures up in Florida and Georgia, according to data released today by ForeclosureS.com. Read More
"Our time has finally come!" proclaims a recent email advertisement from ForeclosureS.com, a Fair Oaks, Calif.-based company that markets training materials for would-be investors. Read More
ForeclosureS.com, a California-based real estate investment advisory firm and publisher of foreclosure property information, reported today that foreclosure activity in Massachusetts was reaching an epidemic level and clogging the court system. Read More
Sacramento, Calif.-based real estate firm Foreclosures.com reported that foreclosures in Massachusetts were reaching high levels and clogging the court system.
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Foreclosure activity in several western housing markets is jumping, says Foreclosures.com, a Central Valley-based real estate investment advisory firm and publisher of foreclosure property information. Read More
As for actual numbers of mortgage defaults, there were 37 percent more statewide in the first three months of this year compared to the same period last year, according to foreclosures.com. Read More
Foreclosures.com president Alexis McGee said that while the overall strength of the nation's economy continued to grow in recent months, the manufacturing sector is showing continued weakness, particularly with ongoing job losses among the major automakers and their suppliers and that many households were in financial... Read More
During the first quarter of 2006, ForeclosureS.com tracked 1,714 defaults in San Diego County, compared to just 949 during the same quarter last year. Read More
During the year's first three months, all types of foreclosure activity in California jumped an annual 33.6 percent, to 28,550 incidents, said Sacramento-based Foreclosures.com. Read More
Foreclosure activity in western housing markets is on the increase as high-risk adjustable rate loans begin to reset to fully amortized payment schedules, according to a report Monday from Foreclosures.com of Fair Oaks, a real estate information company that specializes in distressed properties. Read More
That will contribute to a projected rise in foreclosures like the one that followed the spike in ARMs from 1994 to 1995 -- when the Fed essentially doubled the funds rate -- says Alexis McGee, president of Foreclosures.com, a distressed property investment advisor. Read More
"Foreclosures are up for the first time in seven years," said President Alexis McGee. "California's been on a down trend, but the numbers are starting to go up."
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ForeclosureS.com, a Sacramento-based real estate investment advisory firm and nationwide publisher of foreclosure property listings, reported that the biggest increases were in major urban centers. Read More
Home prices in Phoenix have been flat for 60 days and are down 6.7 percent from levels six months ago levels, and home prices in Las Vegas market have fallen for two consecutive months to a median price of $309,000 at the end of February, said Alexis McGee, president of Foreclosures.com. Read More
ForeclosureS.com President Alexis McGee said several one-time fast-rising housing markets are slowing down, especially in the West, and the residential real estate industry is returning to normal. Read More
Exactly how the Inland Empire will react is uncertain because the reasons for high foreclosure risk now are "totally different" from Southern California's housing collapse in the early 1990s, said Alexis McGee, president of Foreclosures.com in Sacramento. Read More
Despite that, the foreclosure rate - currently less than 1 percent of all loans - isn't expected to change much in 2006, says Alexis McGee, president of listings Web site Foreclosures.com. Read More
A rising number of financially strapped Northern Californians are unable to pay their mortgages, resulting in a soaring rate of foreclosures. Read More
And, related to the above news story, a "flood" of mortgage defaults can be expected in the storm-ravaged Gulf Coast region now that 90-day grace periods extended by many lenders have expired. This is according to Foreclosures.com, a Fair Oaks... Read More
"We're seeing reduced price appreciation in the Pacific Northwest, and Alaska although population growth and job growth there remain strong," said ForeclosureS.com president Alexis McGee. Read More
Real estate foreclosure activity has edged up in California, New Jersey and in the Las Vegas area of Nevada at the end of the third quarter, according to data from Foreclosures.com... Read More
Foreclosures.com president Alexis McGee said her company "saw increases in defaults month to month at the end of the third quarter in eight of 13 Northern California counties that we cover and in four of five Southern California counties." Read More
"We saw a little jump in Sacramento County to 1,051 defaults in the third quarter, up from 919 in the second quarter," said Foreclosures.com president Alexis McGee in a statement Monday. Read More
At least two Central Valley communities are now in home price bubble territory, and are at high risk for price declines in the near to intermediate future, according to Foreclosures.com, a Fair Oaks-based... Read More
Even in a hot housing market like Las Vegas, in which investors and speculators have driven the median home price to $309,000, well above the national average, there are still deals to be found, said Alexis McGee, president of Fair Oaks, Calif.-based Foreclosures.com. Read More
A shift from a seller's market to a buyer's market could lead to an increase in mortgage defaults in the last quarter of 2005, continuing into 2006, in California, says Foreclosures.com... Read More
Foreclosures.com, a California investment advisory firm, reports that filings of new notices of trustee sales in the Phoenix metro area totaled 2,243 in the second quarter of 2005, down from 3,220 in the first quarter. Read More
"Buying a foreclosure is not a simple transaction," said Alexis McGee, president of Foreclosures.com, which provides information and training on how to buy distressed properties. Read More
Flipping Dos
Surf the Web for research. Visit www.foreclosures.com. You can find underpriced homes that banks or the government want to unload. Read More
In the most recent edition of its monthly newsletter, Foreclosures.com described three different types of what are known as "mortgage elimination" scams: Read More
Foreclosures.com, which publishes foreclosure lists, reported in June that activity in Maricopa County fell sharply this spring compared to first-quarter filings. Read More
Foreclosures.com, Alexis McGee said a strong housing market... has allowed homeowners in financial distress to quickly sell their way out of trouble before lenders take action against them.
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By Robert J. Bruss, Inman News Features
"How can I buy a foreclosure house around here?" That question was asked of me a few weeks ago at my favorite coffee house, which I often frequent on Saturday mornings. The questioner was one of my former college real estate law students.
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High level of personal bankruptcies often precedes home loss.
While the economic picture in New Jersey continues to improve, many homeowners in the state are finding themselves in financial distress, which could lead to more foreclosures, according to Foreclosures.com.
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Continued strength in California housing markets is holding foreclosure activity down in the first quarter of 2005, but the surge in bond yields could lead to a long-awaited rise in interest rates that could spark a rise in defaults and foreclosures in the Golden State, warns investment advisory firm Foreclosures.com. Read More
The flipping of properties with inflated appraisals and outright fraud on mortgage lenders was a major factor in the persistently high level of foreclosures in the Chicago metro area, Foreclosures.com suggested Monday. Read More
Foreclosure activity fell or remained flat in many of the state's hottest property markets last year, according to Foreclosures.com, an investment advisory company that tracks 18 counties. Read More
Foreclosure activity in the Golden State remained essentially flat in 2004 compared to 2003, according to Foreclosures.com, a Fair Oaks investment advisory firm that specializes in distressed property.
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You often can negotiate a better deal when you know someone needs to sell and isn't just "testing" the market...
You can find lists of foreclosed homes in a variety of places, including such commercial websites as Foreclosures.com
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Foreclosure activity in the Phoenix metropolitan area was on the rise in October and November, with a rate of about 300 foreclosure notices per week, according to research by Foreclosures.com, an investment advisory company that specializes in foreclosures.
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As mortgage rates move up in response to strong job growth, Foreclosures.com, a Northern California investment advisory firm specializing in distressed property, expects a surge in mortgage defaults by the second quarter of 2005. Read More
Mortgage defaults in California will surge by the second quarter of 2005, according to Foreclosures.com, a real estate investment advisory company that focuses on distressed properties. Read More
Although foreclosures in California have stabilized, overheated markets are cooling, which may lead to an upsurge in mortgage defaults, according to Foreclosures.com, a real estate investment advisory firm specializing in distressed property. Read More
California based Foreclosures.com, a real estate investment advisory firm specializing in distressed property, reported today that foreclosure activity, while down from the epidemic levels of 2003, is still a source of concern in New York City's middle class boroughs.
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While foreclosure activity in California has stabilized, cooling winds of change are blowing through overheated markets that may lead to an upsurge in mortgage defaults, according to Fair Oaks-based Foreclosures.com, a real estate investment advisory firm specializing in distressed property. Read More
The housing market in New Jersey is stable when compared to some other East Coast housing markets, said Alexis McGee, president of Foreclosures.com, a real estate investment advisory company that focuses on distressed properties. Read More
Despite month after month of slow payroll job growth, the overall foreclosure rate on homes in California remains low with no signs of it increasing immediately, according to Foreclosures.com, a Sacramento-based real estate information company which specializes in distressed properties. Read More
During the last wave of foreclosures in the late '80s, veteran real estate investor Alexis McGee often called banks to inquire about foreclosed properties and found that no one knew anything about the properties... Read More
... McGee might see the situation differently, but she's quick to point out that she's not complaining about a rise in the number of foreclosures. More foreclosures mean more deals for investors like her. She has her "shopping bags" ready. Read More
Alexis McGee, president of Foreclosures.com, said more than 90 percent of homes that are in default don't appear on the Multiple Listing Service. Therefore, investors or those interested in investing should be aware of all the channels that exist for unloading these properties. Read More
...During the last half of 2003, 7,911 foreclosure filings were recorded in the Valley. More than 90 percent of the foreclosure filings are residential properties, said Alexis McGee, president of Foreclosures.com.
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Major coastal housing markets "are out of whack with incomes," said Alexis McGee, president of Foreclosures.com, a real estate investment advisory company that focuses on distressed properties. Read More
Los Angeles County is reporting that foreclosure filings are down 3.3 percent, and Orange and San Bernardino counties dropped a little over 17 percent, according to Foreclosures.com.
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Virtually all of todays home sales and mortgage refinance statistics are extremely positive, primarily due to the record-low home mortgage interest rates. Yet, home mortgage foreclosures statistics are also high in many communities, despite a robust national home sales market Read More
Alexis McGee, president of Foreclosures.com, will speak at Real Estate Connect, presented in San Francisco July 28-30. Panel at Connect: Mortgage Track - Breakout 4: Default management - innovations in property disposition.
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... That will contribute to a projected rise in foreclosures like the one that followed the spike in ARMs from 1994 to 1995 -- when the Fed essentially doubled the funds rate -- says Alexis McGee, president of Foreclosures.com, a distressed property investment advisor. Read More
Widespread use of adjustable rate mortgages by California homebuyers in 2003 could lead to a rise in defaults in coming months as interest rates rise, says Foreclosures.com, a distressed property investment advisory firm. Read More
Foreclosures.com, a Sacramento, Calif.-based distressed property investment advisory firm, Monday reported that April filings of Notices of Trustee Sale Auctions in the Phoenix metro area were running 38 percent ahead of the foreclosure rate in May 2003. Read More
Some of the best real estate profit opportunities may surprise you. When you find an opportunity that interests and excites you, act on it! Dont let your friends and relatives discourage you. Here are the top five ways to maximize your real estate investments... Read More
Virtually all of todays home sales and mortgage refinance statistics are extremely positive, primarily due to the record-low home mortgage interest rates. Yet, home mortgage foreclosures statistics are also high in many communities, despite a robust national home sales market. Read More
Rising interest rates sparked by stronger than expected job growth in March might reverse the slight downward trend in California foreclosure activity seen early this year, says Read More
Queens is a proudly middle-class borough with thriving immigrant communities. But last year, 210 homeowners defaulted on their mortgages each month. Forty-five percent of those homes were auctioned off, twice the national foreclosure rate, according to ... Read More
Foreclosures.com, a Fair Oaks company that publishes pre-foreclosure data and offers advice on investing in foreclosed property, has recast and expanded its Web site, said company president Alexis McGee. Read More
Battles over aggressive predatory lending ordinances passed by the cities of Los Angeles and Oakland are stalling protection for victims of abusive lending practices statewide, says Foreclosures.com... Read More
Is it possible to buy these properties at bargain prices? Are lenders taking back more and more properties? Where can I get my foreclosure questions answered?... Read More
No money down!
Make a million dollars now!
No-risk offer!
Maybe you've heard these come-ons, or similar ones, offering you the chance to learn how to become a real-estate investing millionaire? These high-volume, low-brow pitches are common from promoters of real-estate investing seminars.
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To all Investors out there. If you have heard people say that you can make
money in foreclosure real estate, well believe it. This is one of the best years for
anyone to make money buying foreclosures. The banks are practically giving
them away. Plus there are hundreds of hard money lenders interested in
lending you money. I can testify that I, myself have made a lot of money and
it is getting better day by day. If you do your do diligence and buy property
at 68% LOAN TO VALUE, you will always make money. Set goals for yourself,
and believe you can accomplish all your dreams. Remember this -- quitters
never win, and winners never quit. So tomorrow start your new day by
researching all your leads, planning your day and you will be off and running
to becoming a very wealthy real estate investor.
