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Strategies for Purchasing Foreclosed Homes By: Jacquelyn Marks Buying a foreclosed home, or even a new home is a significant investment that requires careful, strategic planning. This is not only because of the large amount of money involved in one single purchase, your choice and decision will affect your whole family’s life and lifestyle. After… Read More
Are you thinking about renting? Are you thinking about renting? Now it is cheaper to buy a two-bedroom home than to rent one in most major U.S. cities. According to real estate web site Trulia, buying was cheaper than renting in 74% of the country’s 50 largest cities in July. In just 12% of the… Read More
Declines in West Coast Foreclosure Starts The November 2010 Foreclosure Report by ForeclosureRadar shows that though there has been no major drop in delinquencies in the West Coast states of Arizona, California, Nevada, Oregon, and Washington, foreclosure starts have fallen to 2008 levels, continuing their two month decline. The company’s report deduces that the drop… Read More
Mortgage Rates Hit Another Record Low The national, 30-year fixed-mortgage rate (FRM) slightly decreased from a week earlier, setting a new record low average of 4.26%, according to the Zillow Mortgage Marketplace weekly update. This is down 0.03% from last week and 0.02% below the previous record low. Regionally, 30-year rates vary, but the majority… Read More
Foreclosures fall — for now According to RealtyTrac, foreclosure filings fell by 8% in November, making it the fourth consecutive month of improvement in the housing market. There were 306,627 filings last month, a decline that follows a 3% drop in October, 4% in September and 1% in August. “Loan modifications and other foreclosure prevention… Read More
