flipping foreclosed homes

March 10th, 2012
Tue, 15 May 2012 17:06:56 GMT

Jim Nyquist Responds to New York Times "House Flipping" Criticism - Construction Digital (press release)


Jim Nyquist Responds to New York Times "House Flipping" Criticism
Construction Digital (press release)
"The article actually highlights one of the prime reasons why house flipping is such a good investment, which is simply that prices are so low right now," he says. "An investor can get a home for very little money, either as a foreclosure or a short ...
Jim Nyquist Finds Real Estate Success As House-Flipping Takes Center StageEIN News (press release)

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Sun, 29 Apr 2012 07:39:45 GMT

Redefining the flip: Foreclosure-to-rental conversions increase - TheNewsTribune.com


TheNewsTribune.com

Redefining the flip: Foreclosure-to-rental conversions increase
TheNewsTribune.com
WASHINGTON – Gene Richards is a lifelong Vermonter, but on a recent weekday afternoon he found himself back on Florida's west coast, scouting foreclosures to add to the collection of rental properties he has amassed in the wake of the housing crisis.

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Fri, 18 May 2012 16:16:38 GMT

Foreclosures Fall...And That's a Bad Thing? - TheStreet.com


Foreclosures Fall...And That's a Bad Thing?
TheStreet.com
By Jim Cramer I received some shares and I will definitely be inclined to do some flipping into strength. By Rev Shark NEW YORK (CNBC) -- A new report came out this week with a curious headline: "Foreclosure Activity Declines, Hurting Investors.

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Thu, 03 May 2012 23:12:41 GMT

Inside Real Estate - Investor's Business Daily


Inside Real Estate
Investor's Business Daily
View Enlarged Image If anyone knows how to win at the high-stakes game of flipping foreclosed homes, it's Shane Glass. Glass has flipped — that is, bought and quickly sold — more than 50 foreclosures. He says he's gotten an average annual return on ...

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Sun, 13 May 2012 02:04:36 GMT

Number of foreclosure sales appears to be falling in Columbus - Columbus Ledger-Enquirer


Columbus Ledger-Enquirer

Number of foreclosure sales appears to be falling in Columbus
Columbus Ledger-Enquirer
By TONY ADAMS — tadams@ledger-enquirer.com Earl Sears practices what is known in the real-estate industry as "flipping." The Columbus resident purchases homes out of foreclosure, makes necessary repairs, and then turns around and sells them to an ...

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Fri, 18 May 2012 17:11:19 GMT

5 U.S. Cities Making Big Turnarounds - TheStreet.com


5 U.S. Cities Making Big Turnarounds
TheStreet.com
By Jerold Leslie 05/18/12 - 01:07 PM EDT BOSTON (MainStreet) -- Some of the nation's hardest-hit housing markets are beginning to turn around as lower unemployment, a stabilizing foreclosure market and lots of bargain hunters help things rebound.

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Fri, 11 May 2012 01:17:11 GMT

Hundreds Volunteer to Build Home for Vets - KEZI TV


KEZI TV

Hundreds Volunteer to Build Home for Vets
KEZI TV
They flip foreclosed homes and donate them to deserving veterans in our community. The homes in Bethel will go to two Lane County veterans and their families, but first they need to be remodeled. That process began Thursday and coincided with Keller ...

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Fri, 04 May 2012 22:16:30 GMT

Vanilla Ice Talks Flipping Houses On CNBC (VIDEO) - Huffington Post


Vanilla Ice Talks Flipping Houses On CNBC (VIDEO)
Huffington Post
That "invention" appears to be that flipping houses is a great way to get rich right now. Robert Van Winkle, better known as rapper Vanilla Ice, has a show on the DIY Network, "The Vanilla Ice Project," where he renovates houses for profit.

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Sat, 19 May 2012 09:25:07 GMT

Mortgage schemer sentenced to 4 1/2 years - Columbus Dispatch


Mortgage schemer sentenced to 4 1/2 years
Columbus Dispatch
By Kathy Lynn Gray The brains behind a property-flipping scheme that turned a $295000 Dublin home into a $950000 home has been ordered to prison for 41/2 years. Judge Richard S. Sheward yesterday sentenced Nathan S. Orms, formerly of Dublin, ...

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Sat, 19 May 2012 08:55:15 GMT

Report: State home sales rise - Signal


Report: State home sales rise
Signal
Distressed property sales - foreclosures and short-sales - made up close to half of the state's resale market last month, the firm reported. The trends in type of properties somewhat mirror the Santa Clarita Valley. Pulling local numbers Friday, ...

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foreclosure home for sale

March 10th, 2012
Sun, 20 May 2012 08:46:08 GMT

Homes for sale grow scarce as sellers wait - Worcester Telegram


Homes for sale grow scarce as sellers wait
Worcester Telegram
By John Gittelsohn and Prashant Gopal BLOOMBERG NEWS The limiting factor on sales volume isn'ta lack of buyers. It's a lack of sellers. A real estate agent near California's Silicon Valley seeks sellers by combing property records for people who've ...

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Thu, 17 May 2012 15:14:39 GMT

Foreclosures down, short sales up. Are banks getting smart? - Christian Science Monitor


Bloomberg

Foreclosures down, short sales up. Are banks getting smart?
Christian Science Monitor
One reason: Lenders are increasingly using short sales, instead. By Laurent Belsie, Business editor / May 17, 2012 In this 2010 file photo, a brand-new $1.1 million, 5200 square foot home in Davie, Fla. is offered for short sale. Foreclosures in April ...
Report: Fewer US homes foreclosed upon in AprilBoston.com
Foreclosures Plunge to Five-Year Low in U.S. Recovery: MortgagesBloomberg
Foreclosures reach lowest level since 2007CBS News
Newsday
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Sun, 20 May 2012 22:33:44 GMT

Lawyers prey on foreclosure-facing homeowners in San Fernando Valley and beyond - Los Angeles Daily News


Lawyers prey on foreclosure-facing homeowners in San Fernando Valley and beyond
Los Angeles Daily News
By CJ Lin, Staff Writer Paulette Breen, seen in the living room of her Van Nuys home, is the victim of unscrupulous lawyers feeding off the mortgage crisis in California. (John McCoy/Staff Photographer) Paulette Breen sensed something was wrong when ...

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Sun, 20 May 2012 06:10:08 GMT

Rented home doesn't pay the mortgage €' now what? - NorthJersey.com


Rented home doesn't pay the mortgage €' now what?
NorthJersey.com
Georgia is one of those states that allows for a rather quick foreclosure process. While in some states the foreclosure process goes through the courts and can take quite some time to go from non-payment to a home sale, in your situation, it could take ...
Second chance financing offered through Premier Mortgage LendingLas Vegas Review-Journal

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Thu, 17 May 2012 04:18:19 GMT

Foreclosures Plunge to Five-Year Low in US: Mortgages - BusinessWeek


ABC News

Foreclosures Plunge to Five-Year Low in US: Mortgages
BusinessWeek
Home prices in the US rose 0.6 percent in March from the previous month, the first sequential advance since July and the third straight month-over-month gain excluding short sales and foreclosure sales, said mortgage data company CoreLogic Inc. Prices ...
US foreclosure trends improved April, but state-level data point to more ...Washington Post

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Wed, 16 May 2012 20:20:21 GMT

Foreclosed Home Of Earl Bradley, Pedophile Pediatrician, Receives No Bids At ... - Huffington Post


Cape Gazette

Foreclosed Home Of Earl Bradley, Pedophile Pediatrician, Receives No Bids At ...
Huffington Post
Bradley, who is serving 14 life sentences for sexually abusing some of his young patients, owed more than $560000 on the house. The house was put up for sale at a foreclosure auction featuring about 50 other properties. The starting price was $230000.
Bradley house reverts back to bankCape Gazette

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Sun, 20 May 2012 09:10:29 GMT

U.S. seeks to make refinancing easier - Rochester Democrat and Chronicle


U.S. seeks to make refinancing easier
Rochester Democrat and Chronicle
In this Feb. 8, 2008 file photo, a for sale sign stands in front of a bank-owned home in Las Vegas. More US homes are entering the foreclosure process, setting the stage for a surge in properties repossessed by lenders in 2012. Thirty-one states posted ...

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Wed, 16 May 2012 21:35:34 GMT

Washington mortgage delinquencies up, foreclosures down - Seattle Post Intelligencer


e-wisdom.com

Washington mortgage delinquencies up, foreclosures down
Seattle Post Intelligencer
COM STAFF In this March 8, 2011, file photo, a foreclosed house with sale pending sign is shown in Tigard, Ore. Photo: Don Ryan / AP Washington mortgage delinquencies were up in the first quarter, but foreclosures fell, according to a new report.
Almost No Improvement in Foreclosure Rates24/7 Wall St.
Maryland's new mortgage delinquencies improveBaltimore Sun
Mortgage Delinquencies Drop To 4-Year LowKJCT8.com

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Fri, 18 May 2012 14:40:52 GMT

Foreclosed Americans Find Way Back to Homeownership - Fox Business


Foreclosed Americans Find Way Back to Homeownership
Fox Business
Data is not available, but interviews with more than 30 lenders, builders, Realtors and consumers suggest that a growing number of Americans are getting back into the housing market, even though they went through a foreclosure, bankruptcy or short sale ...
Find first-time homebuyer helpRochester Democrat and Chronicle

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Wed, 16 May 2012 19:01:24 GMT

Foreclosed Americans find way back to homeownership - Reuters


Foreclosed Americans find way back to homeownership
Reuters
Data is not available, but interviews with more than 30 lenders, builders, Realtors and consumers suggest that a growing number of Americans are getting back into the housing market, even though they went through a foreclosure, bankruptcy or short sale ...

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bank foreclosure listings

March 9th, 2012
Thu, 17 May 2012 23:15:08 GMT

Pace of bank foreclosures drop in Genesee County, offers hope for increase in ... - MLive.com


MLive.com

Pace of bank foreclosures drop in Genesee County, offers hope for increase in ...
MLive.com
During the height of the recession, when the housing bubble burst, she says her phone was ringing off the hook with banks calling, looking for her to sell their foreclosed property. "It used to be that I would have five, six, seven listings assigned to ...

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Sun, 20 May 2012 08:46:08 GMT

Homes for sale grow scarce as sellers wait - Worcester Telegram


Homes for sale grow scarce as sellers wait
Worcester Telegram
Fewer bank-owned homes are coming to market as lenders comply with terms of a $25 billion February settlement to resolve allegations that the five-largest loan servicers seized homes without proper documentation. In the first quarter, foreclosure ...

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Thu, 17 May 2012 13:06:28 GMT

Tampa Bay leads nation in foreclosure filings - Tampabay.com


ABC News

Tampa Bay leads nation in foreclosure filings
Tampabay.com
Notices for scheduled auctions and bank repossession accounted for about 59 percent of the 4295 filings last month in the bay area, the report said. The filings indicate banks are attacking a glut of homes near the end of the foreclosure process.
Foreclosures Plunge to Five-Year Low in US: MortgagesBusinessWeek
Foreclosures Plunge to Five-Year Low in U.S. Recovery: MortgagesSan Francisco Chronicle

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Thu, 17 May 2012 04:17:52 GMT

Foreclosures Plunge to Five-Year Low in U.S. Recovery: Mortgages - Bloomberg


Bloomberg

Foreclosures Plunge to Five-Year Low in U.S. Recovery: Mortgages
Bloomberg
A drop in properties for sale may also be reducing foreclosure deals, and helping to put a floor under prices. Home listings in the US fell 22 percent to 2.37 million in March from a year earlier, a 6.3-month supply at the current sales pace that's ...
REAL ESTATE: Sales still weak in Inland areaPress-Enterprise

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Wed, 25 Apr 2012 23:25:03 GMT

New Website Offers Free Access to Foreclosure Listings - Albany Times Union


New Website Offers Free Access to Foreclosure Listings
Albany Times Union
Located at WatchForeclosure.com, this powerful new and much needed source of free foreclosure listings boasts access to an enormous amount of distressed and discounted properties from all over the United States. Bank owned properties, foreclosed homes ...

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Sun, 20 May 2012 08:28:36 GMT

area housing market sees bidding wars return as buyers' choices shrink - Baltimore Sun (blog)


area housing market sees bidding wars return as buyers' choices shrink
Baltimore Sun (blog)
By Jamie Smith Hopkins, The Baltimore Sun David D. Igla lost out on three Ellicott City homes in the past few months before he finally beat the competition and had an offer accepted. What kind of so-called buyer's market is this, he wondered?

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Tue, 15 May 2012 12:03:17 GMT

Homes for Sale Grow Scarce as Sellers Await Higher Prices - Bloomberg


Bloomberg

Homes for Sale Grow Scarce as Sellers Await Higher Prices
Bloomberg
Fewer bank-owned homes are coming to market as lenders comply with terms of a $25 billion February settlement to resolve allegations that the five-largest loan servicers seized homes without proper documentation. In the first quarter, foreclosure ...

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Thu, 03 May 2012 17:37:48 GMT

Albuquerque Real Estate Agent Sees Foreclosures and Bank Owned Homes ... - RealEstateRama (press release)


Albuquerque Real Estate Agent Sees Foreclosures and Bank Owned Homes ...
RealEstateRama (press release)
by Kevin Harper Albuquerque, NM – May 3, 2012 – (RealEstateRama) — Bank owned homes will dominate the 2012 real estate market according to Albuquerque REALTOR® Joe Maez of Keller Williams Realty Westside. Maez says that Albuquerque foreclosures ...

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Sun, 20 May 2012 19:12:09 GMT

On Real Estate: Time to Rent or Buy? - Patch.com


On Real Estate: Time to Rent or Buy?
Patch.com
Foreclosures have also decreased. According to Trendgraphix, bank owned and short sales have decreased 43 percent over last April. But, this number is still large and brings many into the rental market. After foreclosure, this segment is unable to ...

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Fri, 18 May 2012 12:00:43 GMT

Orlando Enjoys Third Consecutive Median Home Price Increase in April - World Property Channel


Orlando Enjoys Third Consecutive Median Home Price Increase in April
World Property Channel
By comparison, in April 2011 normal sales accounted for 34.25 percent while short sales accounted for 25.53 percent and foreclosures accounted for 40.22 percent. Homes of all types spent an average of 87 days on the market before coming under contract ...

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mortgage rate refinance va

March 9th, 2012
Mon, 14 May 2012 14:45:59 GMT

More Than 95 Percent Of Refinancing Borrowers Choose Fixed-Rate Mortgages - MarketWatch (press release)


More Than 95 Percent Of Refinancing Borrowers Choose Fixed-Rate Mortgages
MarketWatch (press release)
MCLEAN, Va., May 14, 2012 /PRNewswire via COMTEX/ -- In the first quarter of 2012, fixed-rate loans accounted for more than 95 percent of refinance loans, based on the Freddie Mac (OBB:FMCC) Quarterly Product Transition Report released today.

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Thu, 17 May 2012 15:05:23 GMT

Mortgage Rates Today: Wells Fargo, Citibank and Bank of America Refinance ... - Eastern Morning Herald


Eastern Morning Herald

Mortgage Rates Today: Wells Fargo, Citibank and Bank of America Refinance ...
Eastern Morning Herald
Looking at the best mortgage rates today at major US lenders, Wells Fargo (NYSE:WFC) offers the 30-year fixed refinance loan for as low as 3.875% and an APR sum of 4.051%. The 15-year fixed rate mortgage is on the cards as well, as it has a daily low ...

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Wed, 16 May 2012 15:24:46 GMT

Can you refinance an underwater home without HARP? - KFVS


eNewsChannels

Can you refinance an underwater home without HARP?
KFVS
A lot of homeowners with underwater mortgages would like to refinance, but they don't qualify for HARP. Do they have other options? A lot of homeowners with underwater mortgages would like to refinance, but they don't qualify for HARP (the federal Home ...
Mortgage Lender Residential Finance Corp. Explains Benefits of HARP 2.0MarketWatch (press release)

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Thu, 10 May 2012 15:40:56 GMT

Mortgage Rates Today: Bank of America, Wells Fargo and PNC Bank Refinance ... - Eastern Morning Herald


Eastern Morning Herald

Mortgage Rates Today: Bank of America, Wells Fargo and PNC Bank Refinance ...
Eastern Morning Herald
US mortgage rates hit new record-lows for the second straight week, according to mortgage buyer, Freddie Mac. The Virginia-based company said on Thursday, that the national average on the 30-year fixed rate mortgage fell to 3.83% this week, ...
Mortgage-aid revisions paying off for lenders and some borrowersThe Republic
79 Percent of Refinancing Homeowners Maintain or Reduce Mortgage Debt in First ...Sacramento Bee
Mortgage Rate Predictions For The Next 7 Days (May 10, 2012)The Mortgage Reports

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Tue, 01 May 2012 03:42:07 GMT

Nations Lending Streamlines VA Home Loan Program and IRRRL Mortgage Refinance ... - Virtual-Strategy Magazine


Nations Lending Streamlines VA Home Loan Program and IRRRL Mortgage Refinance ...
Virtual-Strategy Magazine
Eligible veterans, service members, certain unmarried surviving spouses, active duty personnel, reservists and National Guard members are now benefiting from streamlined VA loan and Interest Rate Reduction Refinance Loan application, approval and ...

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Wed, 16 May 2012 07:27:19 GMT

Low Rates Affecting Underwriting Time - PR Web (press release)


Low Rates Affecting Underwriting Time
PR Web (press release)
With VA loan interest rates at an all time low many veterans are looking to refinance to lower rates. With all the purchase and refinance activity among VA home owners the lender underwriting process is being delayed. Our goal is to help each customer ...

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Mon, 30 Apr 2012 07:31:09 GMT

Can't Refinance? Consider a 'Recast' Instead - Fox Business


Can't Refinance? Consider a 'Recast' Instead
Fox Business
As with virtually all mortgage decisions, you should consider your individual circumstances before deciding on a loan recast. For example, if your mortgage rate is considerably above current market rates, it may be a better move to refinance your loan ...

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Wed, 09 May 2012 19:16:58 GMT

Virginia Refinancing Expert Explains New Home Affordable Refinance Program - SBWire (press release)


Virginia Refinancing Expert Explains New Home Affordable Refinance Program
SBWire (press release)
Charlottesville, VA -- (SBWIRE) -- 05/09/2012 -- Help has finally arrived for Virginia home owners whose property values have dropped over the past couple of years. In order to lower costs of mortgage installments today and get a good fixed rate plan ...

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Thu, 10 May 2012 13:55:18 GMT

Can I refinance without much home equity? - CNNMoney (blog)


Can I refinance without much home equity?
CNNMoney (blog)
We have since refinanced the primary mortgage, but are paying 8.4% on the second. Our loan-to-value ratio is too high to refinance the second loan and, since we are not facing a financial hardship, we are not eligible for a loan modification.

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Thu, 03 May 2012 14:20:13 GMT

Mortgage Rates in US for 30-Year Loans Fall to Record Low - BusinessWeek


Bloomberg

Mortgage Rates in US for 30-Year Loans Fall to Record Low
BusinessWeek
The average rate for a 30-year mortgage fell to 3.84 percent in the week ended today from 3.88 percent, Freddie Mac said in a statement. It was the lowest in the McLean, Virginia- based mortgage-finance company's records dating to 1971.
Playing around with my biggest investmentNew Mexico Business Weekly (blog)

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