Foreclosure
Department Resources
- PreForeclosure Marketing Tip: Create Leads and Income From Refinance Referrals
Many times when marketing to PreForeclosures, homeowners tell us they want to try to refinance their loan to stop their foreclosure. While this can often be a solution to stop foreclosure, it isn’t always the best one. However, for the people who do qualify for a refinance, you need to […]
Read More» - PreForeclosure Marketing: What to do if the owner wants to refinance
Many times when marketing to PreForeclosures, we often hear from the homeowner who wants to refinance to stop the foreclosure. While this can often be a solution to stop foreclosure, it isn’t always the best one. Here are some things to ask the homeowner to consider when they mention refinancing […]
Read More» - PreForeclosure Marketing: Using Loss Mitigation Services to Earn Additional Income
Are you using loss mitigation to help your preforeclosure homeowners stop foreclosure? As we discussed in our last article, if you aren’t, you should consider adding this service to your offerings as a real estate investor working with homeowners facing foreclosure.
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To recap, loss mitigation is a method that allows homeowners […] - Top 10 Reasons Why Foreclosures Are HOT!
Great Reasons to Start investing in foreclosures now:
Growing lender problems are changing the market.
Bank Financing is harder for home buyers.
Bank Financing is harder for investors.Lenders WILL experience a blood bath.
Developers: we throwing up houses but not for the normal blue collar all American. Speculators were the […]
Read More» - Increase Your Success Rate with PreForeclosure Leads
If your PreForeclosure marketing screams “WE BUY HOUSES”, many homeowners aren’t going to respond. As I wrote above, according to our research, 8 in 10 homeowners who contact us want to try and keep their home. Home many of those 8 (of 10) are going to reply to some type of “WE […]
Read More» - Subprime Market Worsens - Foreclosure rate is 1 in 5 people
The subprime fallout continues to worsen, meaning more existing and prospective homeowners may want to consider the benefits of an FHA-backed loan.
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Turns out the country’s leading mortgage lender has taken a financial punch to the gut because of the subprime crisis. And it’s become increasingly apparent that minorities may be […] - Watch Out For Nontraditional Foreclosure Contracts
It looks like 2007 is going to be a very hot year for foreclosure sales, according to RealtyTrac.com, creator of the largest U.S.-based foreclosure database. The latest numbers released this week show that while foreclosures filed in December 2006 were 9 percent less than November, it was still up 35 percent December year over year.
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"New […] - Latest count of major US mortgage lenders that have croaked since late 2006:
41
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lenders have now gone kaput
Check out our new educational partner MortgageMinister.com!
(Last addition: Mar17, 2007)
I am sure that by now many of you have seen the news that there has been a lot of activity in the real estate and mortgage business. Depending on how you look at […] - Whats really happening where with foreclosures
“IRVINE, CA - RealtyTracTM released its Q3 2006 U.S. Foreclosure Market Report showing that 318,355 properties entered some stage of foreclosure nationwide during the third quarter of 2006, a 17 percent increase from the previous quarter and a 43 percent yearly increase from the third quarter of 2005. The nation had […]
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