Foreclosure Articles from TRSForeclosures.comBlogs and Articles on Pre-Foreclosure Homes, Foreclosure Homes, NOD, HUD, REO and Bank Owned Foreclosures.Are Government Foreclosures a Great Deal- September 17, 2008 Much has been written about Government Tax Foreclosure programs. However, some jurisdictions (either counties or cities) will look at those properties where there are delinquent property taxes and sell them to the public. These are not formally set up, but they often occur once or twice per year. These opportunities are not readily available but occasionally you can find a foreclosed property for good price. However, it requires a significant amount of research (and patience!) to find an...http://www.trsforeclosures.com/blog/government_foreclosures/are_government_foreclosures_a_... Adjustable Rate Mortgages (ARMs)- September 17, 2008 While interest rates fluctuate, borrowers are continuing to drop their adjustable-rate mortgages for the perceived safer option of fixed-rate loans. However, over the last six months, fixed rates (on conforming 15 yr30 yr loans) have slightly increased, nationally (2% to 3%). Adjustable rates, however, have slightly decreased over the same period. Adjustable rates on 1 yr ARMs and 51 yr ARMs are down between 5% and 6%.http://www.trsforeclosures.com/blog/mortgages/adjustable_rate_mortgages.htm Downward Spiral of Housing Affects Bond Insurers- September 17, 2008 Since the fourth quarter of 2007, bond insurers have been under tight survelance. They have been unable to payout on the increased claims since the beginning of the housing downward spiral. They have been looking for reasons not to pay out on claims because they did not have the liquidity to cover the payouts.http://www.trsforeclosures.com/blog/foreclosure_crisis/downward_spiral_of_housing_affects_... Drowning in Mortgage Payments- September 17, 2008 The possibility of losing your home because you cant make the mortgage payments can be terrifying. Perhaps you are one of the many consumers who took out a mortgage that had a fixed rate for the first two or three years and then had an adjustable rate.http://www.trsforeclosures.com/blog/mortgages/drowning_in_mortgage_payments.htm Finding Huge Deals in Bank-Owned Home Foreclosures- September 17, 2008 Foreclosures are up way up! The upside to the foreclosure epidemic is that there are many bargains to find in both primary residences and investment properties. A bank-owned home foreclosure can be a great way for a first-time owner to break into the housing market, since the prices are generally low and the financing can be quite negotiable. Bank owned properties can be a smart and lucrative investment for those with a little extra cash. Bank owned foreclosure homes can be purchased for well...http://www.trsforeclosures.com/blog/distressed_property/finding_huge_deals_in_bank-owned_h... Foreclosures Continue to Rise- September 17, 2008 With foreclosure filings in many parts of the country skyrocketing from this time last year, banks are eager to wheel and deal to any suitable buyer.http://www.trsforeclosures.com/blog/foreclosure_crisis/foreclosures_continue_to_rise.htm Foreclosure Scams- September 17, 2008 The recent downturn in the economy has opened up the door to foreclosure scams by unscrupulous parties and con artists. Many consumers do not understand government assistance programs that exist. Fannie Mae, Freddie Mac, the Federal Housing Administration (a part of HUD) and Ginnie Mae (these are Government Sponsored Enterprises or GSEs) all offer programs to assist struggling homeowners during this very volatile housing market.http://www.trsforeclosures.com/blog/foreclosure_scams/foreclosure_scams_1.htm Foreclosure Relief- September 17, 2008 On Saturday July 26, 2008, Congress approved a bill that would in part rescue Fannie Mae and Freddie Mac from financial ruins. It would also provide assistance to delinquent or troubled property owners to help keep them from foreclosure.http://www.trsforeclosures.com/blog/foreclosures/foreclosure_relief.htm Foreclosure Investing- September 17, 2008 In years past, homes that have gone into foreclosure run down, poorly maintained, and even sometimes intentionally damaged from disgruntled owners who couldn t make their payments on time.http://www.trsforeclosures.com/blog/foreclosure/foreclosure_investing.htm Foreclosure Homes are Going Fast- September 17, 2008 The Federal Housing Administration (FHA) has recently announced a new initiative to help lenders sell foreclosed homes faster.http://www.trsforeclosures.com/blog/foreclosure_homes/foreclosure_homes_are_going_fast.htm |