Home Foreclosure - The Bad Dream

Incredibly, the foreclosure rate recorded in the last quarter of 2007 was the highest in the United States since mortgage surveys started over 50 years ago in 1953. In the states suffering from higher foreclosure rates such as Michigan and Nevada, one out of every 100 homes is entering or at some stage of foreclosure. The foreclosure numbers are still growing in many states and are expected to continue to rise in the first half of 2008. This has put many people in a position they never ...

Foreclosures: Sweet Deals or Sour Grapes?

Foreclosures often look irresistibly attractive to the novice real estate investor. Who wouldn't want to make a quick profit of 50% or more? But whether a foreclosure is really a sweet deal or sour grapes depends on a list of complex factors. Foreclosure is a legal procedure in which a mortgage holder reclaims a property due to default on a loan. Some states in the U.S. allow 'strict' foreclosure -- the borrower has a certain period of time to bring the debt current, after which the title to ...

The Right Time to Buy your First Home

There are many economic and market forecasts and predictions, however the bottom line is if you want to buy your first home—there is no wrong time. There is because the motivation to buy is not determined by regional market conditions or by location. Industry opinions, economic reports and investor speculation do not sway or predict when a particular individual will be ready to buy. For the great majority of folks, the most compelling reasons to buy a home are based on individual circumstances ...