Foreclosure Articles from TRSForeclosures.comBlogs and Articles on Pre-Foreclosure Homes, Foreclosure Homes, NOD, HUD, REO and Bank Owned Foreclosures.The Bubble Didnt Just Burst, It Exploded- (Found September 17, 2008 ) The housing bubble has burst. The prices of homes are dropping by double digits. There is no end in sight to the bottom of this housing depreciation. All these statements are true unless you are shopping for a luxury condominium or co-op. Surprisingly, these properties have seen values remain unchanged and in some cities even appreciate. Amongst the cities showing strong appreciation in value are Boston, San Francisco, New York and believe it or not, Miami and Los Angeles. Compared to..http://www.trsforeclosures.com/blog/foreclosed_house/the_bubble_didn t_just... The Bank Steps In for Bank Foreclosures- (Found September 17, 2008 ) In March of 2008, Ben Bernake and the Fed decided to open the discount window to Wall Streets investment firms as well as banks.http://www.trsforeclosures.com/blog/bank_foreclosures/the_bank_steps_in_for_bank_foreclosu... REO properties- (Found September 17, 2008 ) There are numerous opportunities for investors in the current housing market. If you understand the process and are willing to act, the mortgage foreclosure process can yield huge dividends.http://www.trsforeclosures.com/blog/real_estate/reo_properties.htm Record Numbers of Foreclosures- (Found September 17, 2008 ) Reports across the board are also reporting foreclosures increasing nationWith the housing market crumbling and foreclosures continuing their steep upward climb investors and first time home buyers are taking notice of what the real estate market has to offer. The latest news comes amidst reports that California, Arizona, Nevada and Florida have reached a record number of foreclosures.wide.http://www.trsforeclosures.com/blog/foreclosure_rates/record_numbers_of_foreclosures.htm Pre-Foreclosures- (Found September 17, 2008 ) There are numerous opportunities for investors in the current housing market. If you understand the process and are willing to act, the mortgage foreclosure process can yield huge dividends. In order to capitalize on this opportunity, you must compare the risks and rewards. One way to do this is by buying pre-foreclosures.http://www.trsforeclosures.com/blog/pre_foreclosures/pre_foreclosures.htm Mortgage Rates Still At Record Lows- (Found September 17, 2008 ) Today rumors of a Fannie Mae and Freddie Mac government bail out caused not only the two stocks to tumble hard but also dragged down the rest of the market. Financial firms also took a big hit today on analysts forecasts that as many as 1000 regional banks could fail within the next year. Among them were named Wachovia and Financial Firm Merrill Lynch.http://www.trsforeclosures.com/blog/mortgages/mortgage_rates_still_at_record_lows.htm Mortgage rates and Foreclosure- (Found September 17, 2008 ) A foreclosure is simply a legal proceeding in which the lien holder, most commonly a bank, requests to the courts the right to take back possession of a property. This procedure is usually a result of a borrower defaulting on mortgage payments. However, the foreclosure is not a quick process. Laws vary from state to state but it could take several months to a year for a bank to regain the property.http://www.trsforeclosures.com/blog/mortgages/mortgage_rates_and_foreclosure.htm Mortgage Rates- (Found September 17, 2008 ) Today, August 5, 2008, the Federal Open Market Committee led by Fed Chairman, Ben Bernake, voted to allow the Federal Funds Rate to remain at its current value of just 2%. This action was already priced into the market since most investors didn t expect any kind of increase or decrease.http://www.trsforeclosures.com/blog/mortgages/mortgage_rates.htm Foreclosures Rise More than 50% in July 2008- September 17, 2008 In July 2008, foreclosures had risen more than 50% from the same month the previous year. If you were to break this down into actual numbers, it equates to more than 250,000 borrowers have received a notice to foreclose. That is a staggering number and growing everyday. The states with the highest foreclosure offer no surprise for investors. They include Michigan, Ohio, and of course Florida, California and Nevada.http://www.trsforeclosures.com/blog/foreclosed_properties/foreclosures_rise_more_than_50_i... Foreclosures continuing their steep upward climb investors and first time home buyers- September 17, 2008 With the housing market crumbling and foreclosures continuing their steep upward climb investors and first time home buyers are taking notice of what the real estate market has to offer. The latest news comes amidst reports that California, Arizona, Nevada and Florida have reached a record number of foreclosures.http://www.trsforeclosures.com/blog/foreclosure/foreclosure_rates.htm |