The U.S. housing market is in a world of hurt. Bank owned homes (REOs) exploded to three-quarter of a million in the month of July, 2008. For real estate investors, watching the number of foreclosures grow generates emotions much like those experienced while attending a slasher movie. The number of homes taken through bank foreclosures [...]
Entries from August 2008
Foreclosures Rentals Drive Rents Down
Aug. 30th, 2008
Short Sales, Foreclosures And Bank-Owned Properties – Part 1
Aug. 30th, 2008
There are many properties in some stage of foreclosure or taken back by lenders at this time and a lot of buyers ask about these because they’ve heard about how this is where you can get an incredible deal. After more experience with these types of properties I’ve found that there is a lot of [...]
Short Sales, Foreclosures and Bank-Owned Properties – Part II
Aug. 30th, 2008
In Part I, I covered what the different types of ‘foreclosure’ properties are. Now let’s look at what you need to know about them if you’re thinking about venturing into this area. The most difficult type to deal with at this point in time (in most cases) is a short sale. With a short sale, [...]
9 Hottest Real Estate Small Business Franchise Opportunities
Aug. 30th, 2008
If you’ve been paying attention to current US housing trends, you could very well be asking why on earth anyone would want to get into real estate at this point in the game. With interest rates rising to the clouds, astronomical selling prices, and rent everywhere being cheaper than a mortgage anywhere, there really isn’t [...]
Stop! Home Foreclosure Can be Prevented
Aug. 29th, 2008
The country’s current financial situation, a high unemployment rate and the drastic downturn of the economy have led to serious problems in the real estate market. Many homeowners are devastated and afraid they may lose their property. They feel especially troubled keeping up with mortgage and credit card payments after losing their job, or fighting [...]
Real Estate Investing: Peering Through the Gloom…And Finding Value
Aug. 29th, 2008
For several years now, the real estate industry has faced hard times. Whether you measure this as slumping sales of new homes or resale homes, or falling home values, things have looked bleak. The negative press coverage about real estate, often with banner headlines about the most recent gloomy statistic, has fueled the attitude of [...]
Bahamas Real Estate: Where Should You Buy?
Aug. 28th, 2008
With 20 major islands to choose from, deciding where to buy real estate in the Bahamas can be overwhelming. This quick primer will make it easy to find the island that best fits your tastes and budget. Nassau and Freeport The cities of Nassau on New Providence Island and Freeport on Grand Bahama are the [...]
Miami Real Estate – Investing
Aug. 28th, 2008
Miami real estate investing is not very hard to learn, even though that there are many facets that are essential to understand before attempting to start investing. While many books and seminars are offered on investing only a few deliver the desired results. Investing is not taught in any university and it is more of [...]
Selling Your Property in a Falling Market
Aug. 28th, 2008
Falling property markets is grim news for house sellers and estate agents. If you are thinking of selling your house in a falling property market, perhaps for job relocation, or simply for affordibility then here is a look at some of your options. 1. You could sell now even though it is a falling property [...]
Stop Repossession the Legal Way
Aug. 27th, 2008
When people begin to lose their homes, they want to find a way to make the process go away. No one wants to face repossession. However, it is a growing problem for homeowners everywhere. When people get behind on their mortgage payments, they need the help of businesses that can help people stop repossession. Some [...]