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Foreclosures
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Proofs Of Claims In Indiana Bankruptcy Courts - 6 Things To Remember
Although my blog primarily is devoted to issues surrounding Indiana state court foreclosure and lien enforcement actions, some discussion of bankruptcy matters will be warranted. This is because, not infrequently, a real estate foreclosure or UCC lien enforcement proceeding that starts in state court will end up in bankruptcy court.
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Can You Really Stop Foreclosure Now?
Is it really possible to stop foreclosure now? You bet! But you'll have to take some proactive steps in order to ensure that you don't lose your home.
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Stop Foreclosure Before It Starts
Want to know the secret to avoiding foreclosure on your home? You can actually stop foreclosure by taking some steps to protect yourself long before your property is taken away by the bank or mortgage company.
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Profiting With Short Sales
Learn how you can profit from and help homeowners that own homes that are overleveraged. In our current real estate climate, you will come across more and more of these situations going forward. Short Sales enable you to create massive equity positions literally from thin air!
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Lenders Give Away Instant Equity With Real Estate Short Sales
Why are lenders giving away instant equity?
Foreclosures are skyrocketing and most experts agree that this trend will only increase in 2007 and beyond. In fact, The Center for Responsible Lending conducted a study in which predicts that 1 in 5 sub-prime loans issued in the past two years will enter some stage of foreclosure. Since sub-prime loans account for approximately 25% of all mortgages issued, the expected impact is thought to be staggering. Lenders do not want to be stuck with houses they cannot move. Since lenders are not in the property management business, they figure it is better to accept a discounted amount than to take the property back in foreclosure and risk having to hold it for an indefinite period of time. If they do foreclose, aside from costly legal fees, they also face high carrying costs including tax payments, insurance, homeowners' dues and other maintenance issues.
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Sub-prime Mortgage Holders Gambling on Price Escalation and Employment
Gambling on real estate prices heading upward has variables...
Borrowers who have bad credit and don't measure up financially can find themselves a mortgage. They're classified as sub-prime since they normally would be declined by all the leading credit scoring system of mortgage financiers.
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Pricing Reo For What It's Worth
Overpricing REO is a risky move for both agents and investors because of the consequences associated with vacant homes and time on the market. Some of the problems we can expect to see with overpricing are loss of interest due to time on the market, recurring maintenance, vandalism, and decrease of value.
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