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Category: Foreclosures

Process for Foreclosures Gets Longer

According to recent reports, banks and mortgage servicers are being more careful by dotting their i’s and crossing their t’s.  The foreclosure process can take up to 2 years now to foreclose on defaulting homeowners.  So those of you that think the foreclosures are going to slow down and the market is going to bounce […]

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Tips to Buying a Foreclosure

From my experience, the buyers I have dealt with along with listening to homeowners show that buying a foreclosure is still something that everyone needs to be educated on.  I have heard it all.  Buyers want to buy a foreclosure because they think they can get an incredible deal, but still want the home in […]

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Fannie and Freddie Spend Billions on Foreclosures

Not only are Fannie Mae and Freddie Mac losing money on these foreclosed homes, but it is costing them an arm and a leg to maintain them.  A few months go by before a Realtor® is hired to go inspect the property.  During that idle time, the property needs to stay somewhat decent. Fannie Mae […]

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Solving the Foreclosure Crisis

As I was at a local Starbucks the other day, I couldn’t help but eavesdrop on a conversation between two people.  They were talking about buying a home and one of their neighbors was recently foreclosed on.  A large gap had formed in line while I stood there carelessly and listened intently.  As the conversation […]

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New Guidelines for Borrowers with Short Sales, Foreclosures, and Deed-in-Lieu

Freddie Mac and Fannie Mae have adjusted their guidelines for borrowers who have a Short Sale, Foreclosure, or Deed-in-Lieu of Foreclosure.

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