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Special Report on

Dangers of Investing in Foreclosures

dangers of investing in foreclosures special research report Photo by www.nuwireinvestor.com
A new report from RealtyTrac, the marketer of foreclosed properties, has revealed that 31 percent of all home sales in 2010 were the result of foreclosed homes . The main reason that foreclosed properties have been selling so well is that homebuyers are purchasing them at a price of 27 percent less, on average, than homebuyers who are purchasing non-distressed properties. The term foreclosure includes those who took out a mortgage loan on a property sold in a short sale or after a bank repossession. According to the report, they sell at a significant discount because they're not in good condition when obtained by ...
triggered by a dramatic rise in mortgage delinquencies and foreclosures in the United States, with major adverse consequences for banks and financial markets around the globe. Approximately 80% of U.S. mortgages issued in recent years to subprime borrowers were adjustable-rate mortgages . 1 After U.S. house prices peaked in mid-2006 and began their steep decline thereafter, refinancing became more difficult. As adjustable-rate mortgages began to reset at higher rates, mortgage delinquencies soared. Securities backed with subprime mortgages, widely held by financial firms, lost most of their value. The result has been a large ...
REVIEWS AND OPINIONS
Stingy News Article Link: "Bank of America comes clean"
"Bank of America has finally admitted that it understated the quarter end assets and liabilities for the years 2007 to 2009. It does not (yet) admit that similar transactions took place in many other years and it does not spell out the effect of these transactions on BofA.s need to carry capital." "A technology, to be a really great investment, must do two things. It must change part of the world in a useful way - a big part of the world is better of course - but you can be surprisingly profitable in small niches. And it must keep the competition out. " "Like other Canadian insurers, Manulife was ... market research, surveys and trends
Bill Cara's Blog for July 16, 2010 [See post-close report] | Cara ...
[7:23am ET] Yesterday I noted that there appeared to be a significant reversal in the strength of the USD, and that a weaker dollar would likely push prices of equities, precious metals and commodities like oil higher and bonds lower. Having seen that weak $USD development, it follows yesterday that the market would show a different face in order to confuse us. However, market timing is never an easy one to figure out. Not to worry. Obviously having the S&P 500 up for six consecutive days to that point, there was a need for a breather, one that could also ensure that the financial services reform legislation was finally ... market research, surveys and trends

SURVEY RESULTS FOR
DANGERS OF INVESTING IN FORECLOSURES

Underwater Mortgages - Current Rates, News and Information about ...
demonstrating the underwater mortgage situation across the nation. At the time, close to a third of all homeowners owed more on their mortgage than their home was actually worth. That was more than 15.2 million mortgages in total. Today, the number of homeowners struggling with an underwater mortgage has eased a bit, though the situation is still less than ideal. The research firm that monitors housing equity, First American CoreLogic, reported the latest findings earlier this year. According to CNN Money , the firm concluded that a quarter of U.S. mortgages, or 11.3 million homes, were still underwater at the end of 2009. A few ... industry trends, business articles and survey research
Underwater With Your Mortgage? So Are A Growing Number Of ...
more than 11.3 million residential properties with mortgages, or 24 percent, were in negative equity at the end of the fourth quarter of 2009, up from 10.7 million and 23 percent at the end of the third quarter of 2009. According to the company’s latest “Negative Equity Report,” an additional 2.3 million mortgages were approaching negative equity at the end of last year, meaning they had less than five percent equity. Together, negative equity and near-negative equity mortgages accounted for “nearly 29 percent of all residential properties with a mortgage nationwide,” the company stated in a press ... industry trends, business articles and survey research
RELATED NEWS
Buying in Foreclosure — Is It Legal
-- 07/14/2010 -- Foreclosure is a legal process by which real estate purchased through a mortgage or deed of trust is sold in order to pay back debt on a defaulted home loan. While looking for a new property to invest in Maryland, it is better to consider buying a foreclosed property. Buying a property in Maryland is the largest and most important real estate investment most people make in their lives. Take as much time as you want, to explore all the avenues of this decision. Read on to know whether buying a foreclosure property is legal or not. A foreclosed property is essentially a property that has been legally confiscated ... market trends, news research and surveys resources
Risks and Rewards of investing in Pennsylvania foreclosures
The main cause of turbulence in the housing market today is due to foreclosures. In the last few years number of Pennsylvania foreclosures has spun out of control due to increasing number of residents defaulting on their mortgage loans. This creates great opportunities for buyers and investors as properties in foreclosure or short sales start swamping the market at cheap rates. But like any other investment, investing in Pennsylvania foreclosures has its rewards and its risks.   Pennsylvania Foreclosures sales can be broken into three groups: Short sales, Public trustee/sheriff auction and Bank Owned (Real Estate Owned) ... market trends, news research and surveys resources

INFORMATION RESOURCES

Combating Problems of Vacant and Abandoned Properties (2006)
In addition to the dangers they pose, vacant and abandoned buildings often are ..... investing in and sustaining economic viability. Because of the aged, .... Responding to the alarming increase in foreclosures, the Department of ... technology research, surveys study and trend statistics
What You Should Know Before Investing in Mortgage Paper Securities
A mortgage paper security is an investment in part of a loan that is secured by real estate. Mortgage paper securities are often referred to as loan participations. Companies that sell mortgage paper securities often offer to receive the monthly payments from borrowers and distribute these payments to the investors who purchased the loan for a servicing fee. YES! Mortgage paper securities are not insured or guaranteed against loss. If the borrower on the loan does not make payments, you will not receive monthly payments. Foreclosure proceedings must be commenced in order to recover your investment in the loan when a borrower ... technology research, surveys study and trend statistics
Fire Sale: Investing in Distressed Properties
the risks of investing in distressed properties are so high that investors demand high returns. ... Commercial foreclosures should increase in the remaining ...
REAL TIME
DANGERS OF INVESTING IN FORECLOSURES
QUESTIONS AND ANSWERS
Where should I invest my money during this turbulent economy?
Billionaire investor Warren Buffett says now is a good time to invest in stocks, despite the Dow Jones Industrial Average topping 9,000 for the first time since the beginning of the year. Speaking during a live interview Friday morning on the CNBC television network, Buffett said he would much rather own stocks with the Dow at 9,000 than have a long position in U.S. Treasuries right now. He said business is still flat, but that investors shouldn’t wait until businesses turn around before investing in stocks again. “If you wait until you see the robin, spring will already be over,” said Buffett, chairman of Berkshire Hathaway Inc.
What are the dangers of buying a foreclosed home? - Yahoo! Answers
what is the difference in a foreclosed home and a regular one? wouldn't the Foreclosed home just be less expensive? What things should a buyer know? why is it any different? Member since: September 02, 2006 Total points: 25457 (Level 7) Badge Image: Contributing In: Theater & Acting a home foreclosed on is one taken back by the lender under not happy terms most likely. so the house is more likely to be trashed than in a normal transaction. your buying the house as is no warranty is made on anything, nothing is inspected. its a little bit more involved paperwork wise than a regular transaction. the house is ...