Learn Real Estate Investing by Shawn B

If you would like to learn real estate investing, one strategy that can be profitable is investing in foreclosures.

All the details for foreclosures that you may need to know can be a very complicated process. In case you don't quite understand what a foreclosure is, here are some thoughts to bring you up to speed.

Let's say you have purchased a property after receiving a loan from the bank or mortgage specialist, etc. Out of the blue, you are not be able to pay back the basic loan and the interest as well. The bank will give you time to catch up, but if this can not go through and the agreed-upon date is past, they will take your home and sell it.

Many banks will not take an interest in the selling your property. They will at times not over-exert themselves to make a profit as they just want to break-even and get their money back as soon as possible. For this reason, many knowledgeable investors will wait to buy these kinds of houses at the lowest price. Foreclosure is what they call this entire process.

An investor can still receive a large profit with foreclosure property. Here are some good tips that you should know:

1. Investors need to plan and execute. Visiting the courthouse once to two times within a week to know who has defaulted on the property loans is the first step. You must then try to find the defaulter's contact information and reach them to let them know why you are interested in buying this property. They may not agree with the offer given. Stay calm and explain the whole situation/plan. Let them know if they are not willing to sell their property to you, they very likely will lose money.

2. If you offer a larger discount on your fees, they may take more interest in selling the property. Your deal should be worth while. After purchasing the property, you can resell the home for a higher price than you have invested on it. This could be largely profitable for you.

3. Investors look for ways to earn a higher price from each property. As an investor, if you feel as though you have not succeeded, do not worry. There are multiple foreclosure property dealing procedures available. Try, try again.

Apart from all this, investors who have had experience in the foreclosure property business have found it much more profitable than regular property businesses. Foreclosures are easier and only money matters in the business. The more you are willing to invest on your discount packages, the more you will earn in the end. Foreclosure investors say to be active and with the ability to explain the subject matter this will help. Remember, foreclosure property can earn you money quickly if you concentrate and work hard within the foreclosure investment business. Keep in mind, keep on expanding your knowledge base of real estate information by reading information online, whether free or purchased. There are goldmines of information available; keep on learning.

REO Listing Trends: Record Foreclosures, Record Delinquincies by Frank Patrick

Copyright (c) 2009 Frank Patrick

Foreclosure Filings Rise 32% Year-to-Year

REO properties will continue to make up a large part of the housing market for some time to come, judging by the latest foreclosure and mortgage data.

In July, foreclosures were up 7% from June - and 32% from July of 2008. 360,000 homes were in some stage of the repossession process and on their way to becoming REO listings. That's one out of every 355 homes in America - and it marked the third month out of the last five that a new record was set.

While the usual states led the foreclosure numbers - California, Nevada, Florida and Arizona - there were also big jumps in states that hadn't been experiencing big default rates - states like Oregon, Minnesota and Kansas. Experts say that's because of the increasing effect of the jobless numbers.

This brings us to mortgage delinquencies, which hit an all-time high in the second quarter of this year. The number of mortgage holders who were behind 60 days or more on their payments was up 65% from the second quarter of 2008. Almost 6% of homeowners nationwide are having trouble - with Nevada having an astounding 13% delinquency rate.

The good news? As we reported last month, REO home sales are finally taking off - which means prices have hit the point where investors are actually anxious to get in on the available deals. That trend really caught fire in July - with California leading the way with REO sales, just as they led the way nationwide with the initial housing crash.

To cite one dramatic example, Stockton, the city with the highest foreclosure rate in the country, saw its home sales double in the second quarter - and about 40% of those sales were REO properties. In some cases, there were actually bidding wars on REO homes, according to DataQuick Information Systems.

This is great news for REO agents and brokers - house prices have finally fallen to a point where REO inventory is beginning to move in a big way. Ryan Ratcliff, an economist at UCLA, believes that discounts of as much as 50 percent will continue well into 2010.

The other good news is that there's still plenty of REO inventory to come. Many foreclosure homes that haven't been selling have actually been taken off the market and put up for rent. The result? A lot of vacant rental homes! Those will undoubtedly be put back on the block - and with buyers finally reentering the real estate market in search of deals, they will finally have a shot at selling.

The Truth Behind How To Make Money Being Online by Ben Cross

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Are Mortgage Rates Primed To Rise by dane

Mortgage rates rose again this week. This is the third time in the last 4 weeks that mortgage rates have risen. Why are mortgage rates rising? There are numerous factors at play but generally once the economy recovers it's expected that inflation, and mortgage rates, should rise. The last month of generally positive economic news has probably helped nudge mortgage rates up. Although rates are increasing they are increasing in small steps and not large strides. Since July 16th the 30 year rate has only moved from 5.14 to 5.29. While this is interesting it's certainly not a huge move upward.

What is interesting is that the current (small) upward movement in mortgage rates might be the beginning of the rise that many in the financial industry have predicted. If the economy continues to rebound this could be the beginning of mortgage rates steadily moving up to 10% or higher. This is of course dependent on the continued movement of the US economy out of the current recession. While the government has made some statements about curbing inflation it seems more concerned with making sure the US exists the recession.

Of the 4 major indexes 3 moved up this week. The 30 year note rose from 5.22 to 5.29, the 15 year mortgage rose from 4.63 to 4.68 and the 5 year arm rose from 4.73 to 4.75. The 1 year arm fell from 4.78 to 4.72. What is also interesting is that when rates were at their lows a few months ago the 5 and 1 year arm was higher than the 30 year fixed rate, which is highly abnormal. Since the 30 year rate has gone up (and the arms have stayed down) the 30 year rate is now above both arms. And now the spread between the 30 year rate and the arms is back to normal. Below are the rates for the different mortgage products for the last few weeks and for January 15 (6 months ago).

Aug 13, 2009 30-yr 5.29 15-yr 4.68 5-yr ARM 4.75 1-yr ARM 4.72

Aug 06, 2009 30-yr 5.22 15-yr 4.63 5-yr ARM 4.73 1-yr ARM 4.78

Jul 30, 2009 30-yr 5.25 15-yr 4.69 5-yr ARM 4.75 1-yr ARM 4.80

Jul 23, 2009 30-yr 5.20 15-yr 4.68 5-yr ARM 4.74 1-yr ARM 4.77

Jul 16, 2009 30-yr 5.14 15-yr 4.63 5-yr ARM 4.83 1-yr ARM 4.76

- - -

Jan 15, 2009 30-yr 4.96 15-yr 4.65 5-yr ARM 5.25 1-yr ARM 4.89

In addition to rates it's always interesting to look at actual mortgage payments. We took today's rates and using a mortgage calculator translated them into a payment for a 200k mortgage. We also did the same thing with rates from July 30, 2009 (2 weeks ago) and January 15, 2009 (6 months ago).

Aug 13 30-yr $1109.36 15-yr $1548.44 5-yr ARM $1043.29 1-yr ARM $1039.68

Jul 30 30-yr $1104.4 15-yr $1549.47 5-yr ARM $1043.29 1-yr ARM $1049.33

Jan 15 30-yr $1068.75 15-yr $1545.36 5-yr ARM $1104.4 1-yr ARM $1060.23

As we can see that while rates have risen the effect on a mortgage payment (looking at the 30 year fixed rate) is relatively small.

So what is our advice to potential buyers looking for a mortgage? I would start the process of looking for a lender/mortgage early on. Financing is stricter than it has been in the past and its good to start the process early so any potential problems can be resolved (i.e. credit report problems or extra documentation that is needed). Additionally, with a possible spike in inflation looming there is more of a risk of rates rising than falling so it makes sense to lock in early.

Choosing A Green Home by Benjamin

Deciding on your home is one of the biggest decisions of your life. Choosing a prefab bamboo home over a conventional home makes a significant difference in the global paradigm shift to sustainability. It requires out of the box thinking, a passion to live in your values, a boldness to support the newly developing green industry and a desire to restore balance on Earth. Not to mention it is also beautiful, healthy, strong, safe, cost effective and environmentally friendly.

Why not choose a bamboo home? In Japan, bamboo structures have a history of lasting 200 years. With maintenance being comparable to a conventional structure it's hard to deny that a Bamboo Living Green Home is the better solution. All bamboo poles, trim, and materials in our eco houses are backed by our company warranty. We have the capability to design, build and deliver your bamboo home in as quickly as three months. Typically, however, your eco house will arrive about six months after you place your order. Mortgage companies are available to finance our green homes and all of our Bamboo Living house owners have homeowners and fire insurance coverage.

Still can't find a reason to say no? It's okay, we strive to provide a green home to fit every individual budget and lifestyle. Welcome to the future of modern green home design. It certainly looks bright for all of us, especially Mother Earth.

Mortgage Modification - Reduce Your Monthly Payments by Stephen Michaels

Nowadays, with the unstable housing market, many people are not able to afford the monthly mortgage and this is one reason to look into a mortgage modification. There is a wise chance for you to grab the advantages associated with mortgage modification but you may not be aware what it required in doing so. Homeowners when having complications in paying their mortgage can apply for a mortgage modification. Mortgage modifications is not a loan at all, it is truly an alteration of your existing mortgage. In this process you don't need to take a fresh loan, just you need to fulfill the terms of that you already have. The vital point of such provision is to reduce your monthly costs. You need to find out as much as you can about this subject before applying. Then you can your current lender for a reduced mortgage modification. Most of the mortgage lenders have different requirements but all of them are based upon:

* The property must be your primary residence * Good Reason to be having difficulty in paying the mortgage * Mortgage must have been acquired in January 2009

If you can fulfill the above criteria then you have a very good chance in getting a loan modification. Mortgage modifications can be applied once you get qualified and then you will move for the next step. You need to fill out an application and send all the necessary documentation giving your financial statistics. The application must contain information like:

* Income verification * Tax returns * And Statements

Write a hardship letter that states why you were not capable to pay your mortgage. Give a detail reason and be specific. Mortgage modification is the best and more convenient when you are not capable of offering monthly payments. Every lender has personal mortgage modification principles but the main thing is that you must have legal reasons. According to your lender and you the loan can be customized. Mortgage modification plans engage a fall in interest, as there is a rise of defaults. There are chances that when lenders change their plan, into a different mortgage plan. According to government's latest plan on housing, it has deducted the interest amount on loans. Mortgage modification is mostly offered to house owner when they are in bankruptcy.

There is always a way of negotiation when you are trying to have mortgage modification. But it is not so simple to get one. There are lots of issues which can stop you from getting one. Therefore, sometimes it's best to get professional help in applying for one as they can negotiate on your behalf and you stand a much better chance it getting one. It has been found that people those who are having lawyers will get real benefits from their lender. This is one of the safest, fastest and the easiest way by which you can save lots of your valuable time. Mortgage modifications have become the main focus and the right way to get rid of foreclosure crisis and bad defaults. Therefore, government and banking companies need to put correct rules and regulations to approve financial loss. Mortgage modification is one of the most appropriate ways that is helping homeowners in all parts of the world. So, if you really want to stand tall, get a mortgage modification.

Filing For Bankruptcy: When is Bankruptcy the Right Choice? by Jay S. Fleischman, Esq.

In this economy, more and more people are finding that their incomes are no longer enough to take care of their monthly expenses. We hear news of hundreds of companies laying off workers every week.. and this doesn't take into account the workers who are "encouraged" to resign from their jobs so that employers don't have to pay unemployment benefits. If you've lost your job, taken a pay cut, or been forced to reduce your hours on the job, there's a good chance that your credit is suffering.

There comes a breaking point for most people when, after making every effort to keep the lights on and the repo man out of the driveway, they contemplate giving up and filing bankruptcy. Still, declaring personal insolvency is a touchy subject - for many people, it feels like a personal failure.

But are there times when bankruptcy is the right choice?

In short, yes. If you have accumulated more debt than you could pay off in two years, either on your own or through settlements with your creditors, bankruptcy might be your only real option. Also, if you are paying so much in debt payments that it becomes difficult to find enough money for the essentials, such as groceries and utilities, it might be time to consider bankruptcy.

Another situation that might warrant personal bankruptcy is if you are in danger of losing your home or your car through repossession or foreclosure. Personal bankruptcy can help you save your vehicle or your house - you will still have to pay for them after the bankruptcy, but getting rid of your unsecured debt can give you the breathing room you need to make your mortgage and car payments.

Debt forgiveness has been around for thousands of years, even dating back to Biblical times. It's never a good feeling to file bankruptcy, but it's important to realize that throughout history, it has been recognized as a necessary element of society. It can give you the room you need to make a fresh start, and remain a productive member of society!