Foreclosure Articles from TRSForeclosures.comBlogs and Articles on Pre-Foreclosure Homes, Foreclosure Homes, NOD, HUD, REO and Bank Owned Foreclosures.Credit Crunch Will Increase Foreclosures- September 17, 2008 Just when you think the economy is about to get better, just when you think things cant get any worse, then just get worse. Today, economists and analysts of all sorts came forward to state that they feel the year long credit crunch is not only far from over, they believe it will get much worse.http://www.trsforeclosures.com/blog/distressed_property/credit_crunch_will_increase_forecl... Could the end of the housing slide finally be in sight- September 17, 2008 If someone tries to definitively tell you when the end is near and "we hit rock bottom," is crazy. On the other hand, someone who tells you that they don t see an end anywhere on the horizon is equally crazy.http://www.trsforeclosures.com/blog/foreclosure_crisis/could_the_end_of_the_housing_slide_... Can Reverse Mortgages Avoid Foreclosure- September 17, 2008 A reverse mortgage has increasingly been targeted for senior citizens. Without going into the details of the program, it pretty much allows the borrower to receive payments every month for a certain period of time, instead of paying them out.http://www.trsforeclosures.com/blog/foreclosure/can_reverse_mortgages_avoid_foreclosure.ht... California Buyers Take Advantage of Distressed Foreclosure Homes- September 17, 2008 Home sales increased 17.5 percent in June in California compared with the same period a year ago, while the median price of an existing home fell 37.7 percent, according to the CALIFORNIA ASSOCIATION OF REALTORShttp://www.trsforeclosures.com/blog/foreclosure_homes/california_buyers_take_advantage_of_... Buying Distressed Properties is Worthwhile- September 17, 2008 The current real estate market can provide entrepreneurs with many opportunities. Buying distressed properties can be a very worthwhile investment but it can be complicated and it requires research and diligence.http://www.trsforeclosures.com/blog/distressed_property/buying_distressed_properties_is_wo... Buying a HUD Home- September 17, 2008 The Department of Housing and Urban Development offers residential foreclosures across the United States. However, the process for acquiring one of these properties is different from that via other channels or directly from another homeowner. You can view available homes through HUD by going to their website. You may be redirected to different sites, depending on in which states you are looking for homes. Once you have found a home that you are interested in, you must contact a...http://www.trsforeclosures.com/blog/hud_homes/buying_a_hud_home.htm Buyers Need to Prepare for the Closing- September 17, 2008 Congratulations on finding your new home or investment property. Now its time to think about and prepare for your closing. After making the decision to buy a home, many buyers are surprised by the amount of work required for a successful closing.http://www.trsforeclosures.com/blog/real_estate_foreclosures/buyers_need_to_prepare_for_th... Bankruptcy and The Mortgage Crisis- September 17, 2008 It is apparent that groups such as the Center for Responsible Lending and some Members of Congress advocate that people enter into bankruptcy rather than focus on other more effective and less burdensome ways to help consumers. They fail to understand the very real and severe consequences for consumers who declare bankruptcy. Bankruptcy stays on a consumers credit report for 10 years, making it difficult to acquire future credit, especially in a tighter credit environment.http://www.trsforeclosures.com/blog/bank_foreclosures/bankruptcy_and_the_mortgage_crisis.h... Bank Foreclosures Are a Lucrative Investment- September 17, 2008 A buyer is hard pressed to get a better deal when it comes to real estate than with buying bank foreclosures. Very often this is a very profitable option for first time homebuyers and investors.http://www.trsforeclosures.com/blog/bank_foreclosures/bank_foreclosures_are_a_lucrative_in... AuctionSale- 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.http://www.trsforeclosures.com/blog/real_estate/auction_sale.htm |