Misc News

Hi Everyone,

I live in a rural community in KY and i'm having a hard time finding (money)-investors. My question is, is their anyone out there that lives in an area like this , and having the same problems and if so what are you doing to over come it . Because we all know with out investors you are stuck., and my credit STINKS. Think you for advise in advance .

Is anyone have problems with the site? I can't get it to do anything for me . Everytime i put a state in it says that it encountered a problem. Also having trouble with forclosueralert any help would be greatfull

Article Source
http://home.howstuffworks.com/real-estate/number-one-reason-for-foreclos...

Even if a borrower finds another job within, say, a few months, odds are good that he has now fallen behind on his bills, perhaps to a serious extent. By the time he starts earning money from his new job, the foreclosure process may already be underway

A homeowner may be happily making his payments, and everything seems to be smooth sailing. Then suddenly his boss informs the happy homeowner that he’s being transferred to another company location on the other side of the country. In times when good jobs can be scarce, an employer often has no choice but to accept relocation without complaint.

Article Source
http://cashmoneylife.com/walk-away-from-mortgage/

If you want to be a successful foreclosure investor, it’s vital that you understand the various reasons why people end up in this situation. This is especially important when pursuing preforeclosures because understanding the owner and address their concerns, while at the same time allowing you to get a good deal on the property.
Perhaps the most obvious reason for many foreclosures right now it the fact that the home owner got into a bad mortgage or refinanced a home with an adjustable rate loan. Now they may be watching their payments soar to double.
Or they bought their house when value was high and now their home has lost the value. They owe more on their home than it is worth.

Article Source
http://www.lendingtree.com/smartborrower/home-loan-help/managing-your-mo...

Somewhere around day 90, the foreclosure process will really pick up steam. The lender will generally refer the case to its foreclosure department at this point. This is when legal proceedings usually begin.
Depending on the state, the lender’s lawyers of foreclosure representative may start filing court papers and recording a legal notice of the foreclosure status. This may be published in the newspaper. Hearings may be scheduled during this period.

Generally aren’t viewed as in default until their payments are 30 or 60 days late.
The lender sends the borrower a notice of intent to foreclose, usually by certified or registered mail. This makes it clear that the loan is in default and that the lender may foreclose it the situation isn’t resolved. The notice outlines the ways to resolve the problem mainly curing the default by paying the amount due plus interest and fees, which is clearly stated in the notice. The notice generally also includes information on any state-allowed alternative remedies, such as consulting an assistance agency or enlisting the help of a credit counselor.

I was recently online and found some information on a new way to purchase short sales.

According to the information I found, Old School Title Company formulated the method and works just like assigning a property but you double-close, without any obligation to purchase, instead of assigning the property to soemone else to purchase and you can make more profit. Currently, I am in the process of testing this method but you all would really benefit from this knowledge.

Here is the information on the program....
"The answer is using the option contract for your short sales and double closing!

Option Contract w/ Addendum

Mortgage Bankers Association has issued the following Economic Commentary:
"Data from the housing industry have revealed huge declines in housing sales and starts, building permits, and applications for loans to purchase homes. Consumers have lost confidence, and car sales have tailed off. Reports from abroad indicate a slowdown in the rate of growth in industrial activity.