AP Correspondent Haven Daley rode along with sheriff’s deputies responsible for evicting foreclosed homeowners. Last year they’d get a few foreclosure-related calls every week. Now they’re evicting dozens of homeowners weekly. Read the rest of this entry
Videos Foreclosures Auctions Archives
FBNs Sandra Smith on the rising foreclosure rate facing the housing market.
Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing entered into the RealtyTrac database during the month and quarter – broken out by type of filing. Read the rest of this entry
At the age of 73 Ike Elcher went and got his auctioneer license. TCR #818, 5/3/2003
Auctions are a common option after falling into technical default on loan covenants or needing to sell a certain number of units to hit a financing threshold, Hubbard said. Auctions are a good fund raising technique that enables the communities and the non-profit agencies to raise funds for the charity. This technique is not new but has been used successfully for many years. Read the rest of this entry
Foreclosure is the legal process in which a mortgagee obtains a court order to terminate a mortgagor’s equitable right of redemption. A borrower mortgages an asset like a house or any other property to secure the loan from the lender, who in turn obtains a security interest from the borrower. Read the rest of this entry
Girls from second series of “How to Be a Property Developer” showing us exactly what NOT to do when bidding at auction! “It’s like watching a car crash!” Presented by Gary mccausland. Read the rest of this entry
Tax lien foreclosures are those real estate properties that the Government attaches in the case of a default by homeowner (on paying federal tax, income tax, property tax, or state tax). The Government puts up these homes for auction sales to recover the delinquent taxes. Read the rest of this entry
When you owe more on your home than it’s worth you may want to do a short sale. In a short sale the bank forgives some of what you owe them. It’s more cost-effective for a bank to do a short sale than foreclose on a home. Read the rest of this entry
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