foreclosed mortgages

foreclosed mortgages

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Real Estate Investors - Red Alert
Author: Mark Walters

How's the real estate marketing doing? Is the huge jump in home prices that is evident in some areas symptoms of a value bubble? Good questions, yes?

Two things to keep in mind when surveying the market:

1. All real estate is local, 2. Real estate is cyclical.

Here in Arizona some residential areas have seen as much as a 30% jump in value in the last 8 to 12 months. The word about increasing Arizona home values has spread across the country. We recently sold a home to an out of state buyer who never looked at the property. His agent is just buying homes, because the buyer is sure prices will continue to escalate.

In the case of another of our houses a buyer offered $2,000 above our asking price on the day we posted a for sale sign on the property. We were asking more than we expected to get!

At the same time we received a telephone call from a relative living in California. He was very excited because his brother-in-law was sure he would get rich by buying a couple of Arizona homes. Should her do the same, he asked?

Such events have all the earmarks of a price bubble... if only in Arizona. On the other hand...

On a recent trip to Buffalo, New York, the local newspaper ran a story explaining that home sales were up. In the same article it revealed that the median price of a home had dropped. In other words, people are hurrying to buy homes that are dropping value. There's more...

Mortgage Banker's Association data shows that adjustable-rate and interest-only mortgages accounted for nearly two-thirds of mortgage originations in the second half of last year.

Loans of that type help push up housing prices, because they carry lower initial monthly payments, enabling borrowers to purchase more expensive homes. Basic economics... if more people can buy homes there is more demand... More demand means higher prices.

The rise of interest-only loans, coupled with acceptable higher debt levels for borrowers and tightened bankruptcy laws will probably soon lead to an increase in foreclosures.

If you are buying a home with an interest only loan and the value of that home drops... it is very easy for the borrower to just walk away from the payments. After all, they've built no equity in the property.

Both the Clinton and Bush administrations have pushed a policy of low interest rates and easy mortgage loan qualifying. If every voter has a home they are happy and will vote for the party in power seems to be the limit of political thought.

The truth may be that the government is setting people up for failure and financial pain. Far to many people are buying homes they really can't afford. When interest rates rise... as they surely will... all those adjustable rate loans will act like debt-traps. Interest rates will go up while wages remain stagnate. The result? More foreclosures and financial ruin for many.

There are international forces at work that will not continue to support our government's wild spending habits by buying its low interest bonds. Interest rates must rise. sooner or later?

Bubble or normal cycle... it makes little difference. If you are an investor consider selling some of your properties to raise cash for the awesome opportunities ahead. You know, buy low - sell high.

In our opinion, there is still profit opportunity if you buy at least 30% below current market value... with owner financing.

Prepare now for the coming wave of preforeclosure opportunity. We recommend the guide to preforeclosure profits you will find here http://digbig.com/4dmff

About The Author: Mark Walters is an investor-entrepreneur helping other investors from his Web pages at http://www.Lease-Option-Sub2.com

Other sites that feature foreclosed mortgages

1. United States Senator Chuck Grassley of Iowa
... In addition to travel card abuse, these individuals often had other financial problems including numerous charged-off credit cards, bankruptcy, and foreclosed home mortgages. The GAO found that these ...
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2. house foreclosures | Forclosed Property
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3. http://www.sdfcumortgage.org/Resource/glossary.asp?sec=res
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5. Agrarian Crusade, The: a chronicle of the farmer in politics
... The commission men and local merchants of the South were especially apprehensive and, it is said, sometimes foreclosed the mortgages of planters who were so independent as to join the order. But here ...
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6. reverse mortgages and Home Equity Conversion
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7. E-Zine Fiction: HANS AND THE AMERICAN FATHER TOWN
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8. A A Mortgage Corp. - Real Estate Dictionary
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9. NY Mortgage Terms - Mortgages and Refinance in New York - NY.
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10. Government VA Foreclosures, VA Homes, HUD Homes, Foreclosure Listings
... Department of Veterans Affairs (VA) guarantees mortgages allocated to military personnel. Should the ... ... and the VA oversees the redistribution of the foreclosed property via the VA Foreclosures auction. As ...
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11. Hawaii Foreclosed Homes - Mortgages, Insurance
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12. FINANCIAL BACKGROUND - THE BEGINNING OF MONETARY CONTROL
... After fiscal mismanagement by its first President, former Secretary of the Navy, Captain William Jones, the Bank was forced to call in loans and foreclosed on mortgages, which caused bankruptcy, a ...
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13. Credit, Mortgages, Refinance, Home Equity & Personal Loans
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14. ThinkRelo.com Real Estate and Mortgages Directory and Search Engine: Mortgages
... building tools | calculators | library | contact Home : Mortgages Site News -- Free Seller's Coupons HOME SEARCH HOME Advanced Search Newest Listings Foreclosed Properties COMPARE Homes By Owner ...
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15. Mortgages
... said he ended up with ruined credit and foreclosed mortgages. "They were lenient on him," Robinson said. UPDATE 2-US home mortgages rise last week even as rates higher Reuters - Sep 21, 2005 NEW YORK ...
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16. http://www.broc.state.ga.us/legis/2005_06/sum/hb741.htm
... relating to foreclosure generally, so as to allow for the right of redemption of foreclosed mortgages under certain circumstances; to provide for related matters; to provide for applicability ...

17. Work At Home - ConsumersReview.org
http://www.consumersreview.org/work_at_home.html

18. Mortgage Leads and Mortgage Terms
... com for MortgageLeads Term Definition A credit mortgages Mortgages which generally meet the credit underwriting guidelines of Fannie Mae, Freddie Mac, FHA, VA or major jumbo purchasers. Those who ...
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19. Buying a Foreclosed Home
... wipes out most junior liens, such as junior mortgages and judgment liens. However, unpaid property ... ... at a bargain price close to the amount of the foreclosed mortgage. However, many foreclosing lenders ...
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20. WWW Virtual Library: Tantirimale
WWW Virtual Library - Sri Lanka Out Of Bondage ñ The Thondaman Story By T.Sabaratnam Introduction ...
http://www.lankalibrary.com/pol/thondaman.htm

21. http://www.yourwayloan.com/resource/glossary.asp?sec=res

22. AUBURN AND VICINITY
... I envy no man his wealth, won by foreclosed mortgages on the homes of the unfortunate. It needs a heart steeled to feeling, and no _____ to which the good Samaritan was a stranger. For several years ...
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23. PoliticalPosts.com Political News and Editorials
... S. fears border delays from Canadian pot plan New televisions dazzle but puzzle June 20, 2003 Houston Chronicle Foreclosed mortgages climb to record high in Q1 House votes permanent end to estate tax ...
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24. Jack Murray Reference, ENFORCEMENT OF MULTISTATE MORTGAGES: QUESTIONS AND AN...
... 7. Since the indebtedness was only reduced by $2,800, and neither the Indiana nor Illinois courts could have foreclosed both mortgages, the court held that the mortgagee would be deprived of its ...
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25. http://www.apgfcumortgages.com/Resource/glossary.asp?sec=res

26. Forfeited Property - Bank Seized Real Estate
http://www.forfeitedprope ...ex.html?hop=graphicse

27. Buying Foreclosed Home- Tips. Find Home Foreclosure Solutions. Real Estate F...
... deal. o When buying foreclosed homes through a realtor, it's important to have the houses thoroughly inspected and to be sure that any liens, undisclosed mortgages or court judgments are cleared or at ...
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28. Mortgage Glossary - America's Lending Partners
... to the dollar amount of MBS outstanding and total mortgages owned by the corporation. Back to top Credit-related expenses The sum of foreclosed property expenses plus the provision for losses ...
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30. Top 10 Real-Estate-Guide Sites - Tips on buying foreclosures, Mortgage loan,...
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31. Property Information - Foreclosures & Foreclosed Homes - Free Foreclosur...
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32. Bank Owned Repos | www.forclosureus.com
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33. http://www.ngfcu-mortgage.org/resource/glossary.asp?sec=res

34. Welcome to First Mutual Bank!
... REO properties are usually foreclosed mortgages and repossessed property may be cars, trucks, boats ... ... Contact Information REO properties are usually foreclosed mortgages. If you'd like information ...
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35. Investing In Foreclosed Real Estate Provided by ForeclosureFreeSearch.com
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