Patience is a virtue, and a necessity, when buying a foreclosed home straight from a lender.
With prices down, real estate agents across the country report that more investors are interested in acquiring properties this way. But it isn’t simple or quick. There is a lot to watch out for, such as many layers of bureaucracy […]
Lender-Owned Homes May Be Bargains, But They’re Hard To Buy
April 10th, 2008 · Permalink
New low for pending sales shows US housing market still tumbling (The Fort Morgan Times)
April 9th, 2008 · Permalink
WASHINGTON (AP) — Homeowners and investors hunting for any indication that the housing market has bottomed out didn”t get it Tuesday, as the latest home sales data from a real estate trade group moved that sign further down the road to recovery.
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Data show housing market ”not out of the woods yet” (Honolulu Advertiser)
April 9th, 2008 · Permalink
WASHINGTON — Homeowners and investors hunting for any indication that the housing market has bottomed out didn’t get it yesterday, as the latest home sales data from a real estate trade group moved that sign farther down the road to recovery.
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Market Spotlight: Senior Housing (AP via Yahoo! Finance)
March 26th, 2008 · Permalink
If seniors have trouble selling their homes, investors worry that providers of senior housing could suffer. Shares of assisted-living facility operators have dropped in the past year, due to fears that potential customers are delaying moves into facilities until the housing market improves.
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How subprime killed Bear Stearns
March 17th, 2008 · Permalink
NEW YORK (CNNMoney.com) — It started last summer when borrowers with weak credit started defaulting on their mortgages. Last night, it brought down an 85-year-old pillar of Wall Street.
How did we get to this point? How did rising foreclosures among subprime borrowers lead to Bear Stearns being scooped up in a fire-sale for two bucks […]
Proposed mortgage aid would do harm: Paulson
February 29th, 2008 · Permalink
Reuters - Plans for sweeping federal programs
that would aid troubled mortgage borrowers would bring unfair
relief to speculators and reward investors who made bad bets,
Treasury Secretary Henry Paulson said on Thursday.
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House mulls $15B mortgage bailout
February 26th, 2008 · Permalink
WASHINGTON (AP) — Investors could sell up to $15 billion of troubled mortgages to the government under a plan key House members are discussing to bolster the U.S. housing market.
The tentative plan would allow the government to purchase up to 1 million mortgages over five years in an effort to help struggling borrowers avoid foreclosure, […]
Congress to examine housing proposals
February 24th, 2008 · Permalink
AP - Congress is set to examine another round of possible repairs for consumers and investors threatened by widening cracks in the housing market.
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