Real Estate Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

Buying Foreclosures - Knowing Why Helps You Buy


One big potential deal-killer in buying foreclosures is the homeowner. If the homeowner does not trust you, buying their home (even at a foreclosure auction) can become a greater challenge. To prevent this setback, you need to build trust with the owner -- and building trust requires you understand where they are coming from.

People don't stop paying their mortgage because they don't want to pay, but rather because of factors that afflict everyone at some point in time. Knowing why the owner is losing their home can help you connect with them and gain their trust.

Three Main Reasons People Lose Their Homes

  • Job Loss - Due to economic conditions employers are having to release great employees because of many factors and people do not have the reserves to withstand many months without a paycheck. More importantly, although some are getting employment within a few months, the pay rate is substantially less.

  • Divorce - In 1999-2000 this was the leading contributor to the foreclosure rate. Since 2001, the rate has not decreased but job loss has doubled in some parts of the country.

  • Bad Health - People fall ill and make a choice between making a mortgage payment or paying doctor bills. In some people's minds, the latter easily takes precedence over everything.

    Armed with this understanding, you will be much more likely to gain the trust of the homeowner when you meet them, than going into the meeting blind.

    ABOUT THE AUTHOR:

    George Roddy, Sr, owner of Foreclosure Listing Service, Inc., has provided timely, accurate, useful data regarding foreclosure real estate in Texas since 1964.

    Learn about their "How to Buy" workshops at their Foreclosure Listing website.


    MORE RESOURCES:
    This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


    Forbes

    Spring's 2018 Real Estate Market Is A Good News Bad News Story
    Forbes
    The Spring 2018 real estate market is a good news bad news story. A recently released report from Arch Capital MI points to affordability slipping, inventory declining while interest rates and housing prices rise. Key findings from the Arch Capital MI ...



    Forbes

    The Blockchain For Real Estate, Explained
    Forbes
    There is a lot being written about blockchains, bitcoin and related technologies, and for many real estate professionals, this is part of a brave, new, confusing world of technology. Like the original internet, the blockchain is a revolution in ...



    Vanity Fair

    Will Sean Hannity's Secret Real-Estate Empire Get Him in Trouble at Fox?
    Vanity Fair
    Though he did not touch on the size of his holdings in his public statement regarding Cohen—“My questions exclusively almost focused on real estate,” he said. “I said many times on my radio show, 'I hate the stock market, I prefer real estate ...
    Hannity defends his investments after report details his real estate dealsPolitico
    Hannity Owns Real-Estate Empire, Linked to Shell CompaniesDaily Beast
    Report: Sean Hannity built real estate empire with HUD aid while championing HUDSun Sentinel
    Slate Magazine -The Real Deal -Splinter (blog)
    all 135 news articles »


    Bloomberg

    Sears Soars After Lampert Floats Buying Kenmore, Real Estate
    Bloomberg
    Edward Lampert is pushing for a more aggressive breakup of Sears Holdings Corp. as the hedge-fund manager aims to salvage what's left of the struggling retailer and stave off a potential bankruptcy filing. Edward Lampert. Photographer: Amanda Gordon ...
    Sears soars as Lampert floats buying Kenmore, real estateChicago Daily Herald
    Sears CEO offers to buy Kenmore, Sears real estateChicago Business Journal
    Sears stock soars as Lampert offers to buy Kenmore brand, real estateIndianapolis Business Journal

    all 61 news articles »


    Sarasota Herald-Tribune

    REAL ESTATE PEOPLE
    Sarasota Herald-Tribune
    She began her real estate career in 2005 as a full-time agent with Minnesota's leading real estate company, where she specialized in residential real estate and lakefront properties. She is a multi-recipient of the Realty Alliance Sales Award for ...

    and more »


    Updated presentation for investors of INVL Baltic Real Estate
    GlobeNewswire (press release)
    INVL Baltic Real Estate announces an updated presentation that will be used for the meetings with investors. Compared to the presentation, which was published on 21th December 2017, the Company informs that the information related to the terms of the ...

    and more »


    Fortune

    Climate Change Is Already Depressing the Price of Flood-Prone Real Estate
    Fortune
    New research shows that real estate properties in areas affected by extreme weather and sea level rise are losing value relative to less exposed properties. The effects are already substantial, but they may point to a looming collapse as climate change ...



    Real estate daily market update: April 23, 2018
    Inman.com
    The average 30-year fixed-mortgage rate is 4.41 percent, up 6 basis points since the same time last week. A month ago, the average rate on a 30-year fixed mortgage was lower, at 4.33 percent. The average 15-year fixed-mortgage rate is 3.81 percent, up ...

    and more »


    Real estate's top producers share their secrets to success
    Inman.com
    The sheer work ethic of Michael Jordan, the mindset of a Jedi, the adaptability of a chameleon and the dogged humility of a servant — put it all together with a commitment to real estate, and you just might get a top-producing agent. Subscribe to ...



    MOVES-Aberdeen Standard, BMO Real Estate, Evercore
    Reuters
    April 23 (Reuters) - The following financial services industry appointments were announced on Monday. To inform us of other job changes, email moves@thomsonreuters.com. ABERDEEN STANDARD INVESTMENTS Asset manager named Omar Anwar country head and head ...


    Google News

  • home | site map
    © 2006 TIGER MEDIA