This comprehensive overview of how to buy foreclosure properties at auction is presented by RealtyTrac Senior Vice President Rick Sharga and Auction.com Senior Vice President David Lee.
Sharga and Lee cover how to buy foreclosures at the trustee’s sale or sheriff’s sale on the courthouse steps, at a ballroom-style auction of hundreds of bank-owned properties, and even via online auction.
You can also view a recording of the Buying Foreclosures at Auction presentation here.
How to Buy Foreclosures at Auction View more presentations from RealtyTrac.
According to the Multiple Listing Service (MLS) there have been 8, five million+ La Canada home sales since 2001:
The most recent was 3627 Karen Sue, new construction, 5+7, 7442 sq ft, 25,440 lot size $5,050,000, 684 days on market.
The most expensive La Canada home sale was 607 Foxwood, built 1929, 13,097 sq ft, lot size 51,401 – a VERY impressive estate $7,370,000 165 days on market. ( Get more info…
Kern County has a lower rate of real estate transactions that look suspiciously like short sale fraud than both the state of California and the nation, according to CoreLogic’s recently released 2011 Short Sale Research Study.
The Santa Ana-based real estate data firm tracked risk to lenders by examining the number of transactions less than six months after the close of a short sale in which the same property was resold for at least 10 percent more than the short sale price.
A short sale is a transaction in which a lender allows a borrower to sell a property for less than the balance owed on the mortgage.
Such deals have become commonplace in recent years because so many homeowners owe more than their houses are worth.
CoreLogic looked at properties that were sold short and then sold again right away during the first half of 2010.
In some cases, an increased sale price was legitimate because investors rehabbed the property, boosting its market value.
The government has just announced the second phase of Minha Casa Minha Vida, a project which is currently the largest single investment in Brazilian real estate.
This phase of the social housing programme will allow millions more Brazilians to realise their dream of owning a property in Brazil.
President Dilma Rousseff made the announcement recently during one of her weekly radio interviews.
“Building a house is much more than construction work. It is building a dream because a home is the space where relationships are built, children are raised and family ties are established.
The economic boom in Brazil has transformed the countrys football industry.
New money coming into the game from sponsorship, investment in infrastructure and, of course, the 2014 World Cup means that Brazilian football is finally becoming as successful in the boardroom as it is on the pitch.
Furthermore, this boom is attracting back the big names, meaning that the domestic games and the Copa Libertadores will become more exciting as they can afford to pay the large fees and wages associated with world-leading players.
Carlos Tevez is the first player to be tempted to Brazil, hoping to move from Manchester City to his former club Corinthians.
Sports writer Jack Pitt-Brooke explained that this move is a turning point for the South American country, as previous players have only returned when their star has been in decline, while Tevez is at the top of his game, signalling the new financial power of Brazilian football.
Under a new state law, any lender who agrees to a short sale, which by definition will yield insufficient funds to cover the outstanding loans on a property, must accept it as payment in full for all loan balances. That is a good thing for upside-down homeowners who need to sell, says the California Association of Realtors.
In a prepared statement applauding Gov. Jerry Brown for signing SB 458 into law, the association observed that previously a first mortgage holder could accept an agreed-upon short sale payment as full payment for the first mortgage but a junior lien holder could still hound the seller for the full amount owned on the junior lien.
“The signing of this bill is a victory for California homeowners who have been forced to short sell their home only to find that the lender will pursue them after the short sale closes, and demand an additional payment to subsidize the difference,” said association President Beth L. Get more info…
With a vast array of natural beauty, culture and history it is no wonder that we are noticing that Bellingham and Whatcom County seem to be attracting more luxury home buyers. Bellingham and the whole Whatcom County area are graced with many luxurious homes and estates. The incredible natural landscape and history help Bellingham boast some of the finest luxury real estate in the nation.
Wherever your real estate price point rests luxury can be at your finger tips. Whether you are looking for incredible snowcapped mountain views of Mt. Baker, rolling acreage to enjoy your equestrian members of the family or a private dock for you boat, you can find it all here.
Not only does luxury come in the form of natural resources such as lakes, the Puget Sound and mountain views, but also in the form of historical luxury. Bell