Archive for February, 2009

Revisiting the Subprime Mortgage Collapse: Securitization

It has been nearly a year and a half now since the rot in the subprime mortgage market became apparent to the rest of the world. When two Bear Stearns hedge funds collapsed in the summer of 2007 due to overexposure to risk in these types of home loans, the economy’s house of cards began […]

America’s Emptiest Cities Article Review

Citation
Greenburg, Zack O’Malley. (2009, February 12). America’s Emptiest Cities. Yahoo! Real Estate. http://realestate.yahoo.com/promo/americas-emptiest-cities.html
Purpose
The purpose of this article was to provide an overview of home ownership and rental vacancy rates in America and compare Las Vegas, Nevada to Detroit, Michigan in terms of property value declines and potential population decrease.
Summary
The foreclosure crisis has been responsible for […]

After Foreclosure, Maybe You Should Stay in the Property

Usually after a foreclosure and a sheriff sale, homeowners will need to move out of their former property, unless they are willing to run the risk of eviction by the county. However, times seem to be changing, and it may be worthwhile for borrowers to remain in the house even after it has been auctioned. […]

Nonjudicial Foreclosure States — Notice Requirements for Homeowners

In nonjudicial foreclosure states, banks do not have to sue homeowners in court to have a house sold at auction. The original loan documents have a “power of sale” clause that allows lenders simply to give notice to borrowers that they are in default, have a specific amount of time to pay back the arrears, […]

Should You Buy A Home In Foreclosure?

Foreclosures, bankruptcies, home evictions; it’s words like these that may make you question buying a home right now. With the home market going down the tubes, you may be wondering if this is the best time to snag a deal and find a home way below market value. This is a very good […]

Understand The Foreclosure Process

Foreclosure, you keep hearing this word everywhere now, a lot of people are facing it, or trying to avoid it, get a better understanding of the process below.  Foreclosure is not a complex process; there really are only a few steps to it.  If you are worried about foreclosure and want to know what you […]

How To Restructure Your Mortgage

To avoid foreclosure most people meet with their lender and try to get them to restructure their mortgage.  Both the homeowner and lender try and come up with ways where the mortgage is more affordable so owner can meet the monthly payments easily.  This is ideally how it will happen, but there are some minimum […]

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