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Foreclosures & Investments

The most recently published posts in the Foreclosures & Investments category
Following a similar move by J.P. Morgan Chase, Bank of America Corp. runs a program geared to reducing loan balances for military borrowers who are struggling to pay their mortgages as they leave active duty.Many of the banks' measures go beyond protections already provided to military borrowers in the Servicemembers Civil Relief Act. The SCRA forbids foreclosures on active-duty military and ...
Read Post [Posted on 07/22/2014 By John Askins]
Foreclosures and short sales can offer some home buyers big bargains, with the typical discount on a foreclosure about 19 percent, but buyers should be careful not to be guided by price alone, housing experts warn. “Distressed properties can have great appeal,” says Wendy Forsythe, executive vice president at Atlantic Pacific Real Estate. “Discounted prices and historically low interest rates make...
Read Post [Posted on 07/19/2014 By John Askins]
As U.S. home prices rise, consumers are once again prioritizing their mortgage payments over paying down credit card debt, according to a report from TransUnion. It’s the first time since 2008 that borrowers have shifted their focus back to mortgage debt ahead of credit card debt. Mortgage delinquencies are falling, too. Following the housing crisis, many home owners were underwater on...
Read Post [Posted on 07/17/2014 By John Askins]
A study published in the Housing Policy Debate found that communities that zoned too strictly for the development of large, single-family homes are at greater risk for foreclosure versus areas that accommodate a wider range of housing options.  Arnab Chakraborty, a professor of urban and regional planning at the University of Illinois, remarked, "If you push too much housing in the ...
Read Post [Posted on 07/15/2014 By John Askins]
If you are looking for homes for sale zoned to Hamilton Elementary School in Cy-Fair ISD, you can find them here: http://houston-real-estate.houstonprimerealty.com/i/homes-for-sale-zoned-to-hamilton-elementary---cy-fair-isd?start=1&per=50...
Read Post [Posted on 07/14/2014 By Kevan Pewitt]
Homeowner's insurance policies are often an after-thought--that is, until disaster strikes. Home owners in places such as Joplin, MO., Tuscaloosa, AL., and other cities flattened by tornados found out too late that their insurance policies likely would not entirely cover the costs to rebuild. While most home owner's insurance policies will cover tornado damage, many home insurance p...
Read Post [Posted on 07/14/2014 By John Askins]
Defaults on reverse mortgages are hitting record highs and these loans are being blamed for turning seniors out of their homes.Home owners who are 62 and older can apply for reverse mortgages to borrow money against the equity in their homes. The loans don’t have to be repaid until the home owner moves out or dies. Reverse mortgages are seen as a way for home owners to use the equity in their home...
Read Post [Posted on 07/13/2014 By John Askins]
Mortgage giant Fannie Mae recently conducted two surveys to find out why nearly half of home owners who are eligible to refinance their homes have not done so. The agency points out they could secure a lower mortgage interest rate, thereby lowering their monthly payments. Still, Fannie Mae found that only 25 to 30 percent of home owners said they had refinanced in the past three years as...
Read Post [Posted on 07/11/2014 By John Askins]
Over the last 12 months, completed foreclosures have fallen to the lowest level since the Great Recession began in 2007, according to CoreLogic’s April National Foreclosure Report, which shows completed foreclosures fell to 599,000 nationwide. Completed foreclosures – the total number of homes actually lost to foreclosure – was down 18 percent from 2013. Foreclosures still remain elevated...
Read Post [Posted on 07/10/2014 By John Askins]
Many home owners are contemplating reducing their homeowners insurance coverage since their property’s value may have changed. But experts warn that’s not a good idea and could leave home owners with insufficient coverage if a disaster ever strikes.“The market value of your home and its insurance value can vary widely because they are based on different assumptions and calculations,” acc...
Read Post [Posted on 07/09/2014 By John Askins]
www.HAREI.COMOur organization is a free referral service for Greater Houston's home buying public and real estate professionals. Please browse the site to locate the appropriate service professional or to find answers to questions related to your real estate purchase. ...
Read Post [Posted on 07/08/2014 By Anuradha Prasad]
It is amazing how fast property values are going up in the memorial and springbranch area.  There are maybe a few bargains left for those who have the money to buy quickly and invest.  It is a growing market and the school district is great.  Close to the best shopping centers in the city of Houston, it is attracting many international relocating families.  It is worth a look ...
Read Post [Posted on 07/08/2014 By Norma Pena]
The commercial real estate outlook in Texas continues to look bright, with modest gains in leasing, rents, and pricing forecasted in PwC US and the Urban Land Institute’s latest report, “Emerging Trends in Real Estate.”The commercial market is moving forward “bit by bit,” says Stephen Blank, ULI’s senior resident fellow for real estate finance. “Nothing indicates a quick turnaround for commercial ...
Read Post [Posted on 07/08/2014 By John Askins]
More lenders are allowing home owners in default to stay-put in their homes longer--and even negotiating special arrangements with them, such as the lender paying the home insurance if the home owner pays the utility costs, The New York Times reports.  Why the postponement? Banks don’t want the cost of maintaining more homes on their books. Many municipalities are forcing banks to better mai...
Read Post [Posted on 07/06/2014 By John Askins]
Boarded up foreclosures — particularly those shut up during the hot summer months — can create ripe conditions for mold to surface. And some experts even estimate that half the foreclosed homes in the country likely have mold or mildew problems.  With its costly clean up, mold can often be a deal breaker in a real estate deal.  Banks often shut off electricity and heat during the war...
Read Post [Posted on 07/05/2014 By John Askins]
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