AMERICAN PUBLIC MEDIA Marketplace 6/25/12 Condo buyers square off against foreign investors The condo market is on the rise in hot cities like Miami. But that means competition from international buyers who bring cash. Kai Ryssdal: I remember being in Miami about three, four years ago and seeing high-rise after high-rise after high-rise of apartment […] . . .
Read More: There are real estate bargains everywhere. Post 192
January Foreclosure Activity Continues To Be Depressed Due To Robofraud, Judicial State REOs Plunge RealtyTrac by Tyler Durden 02/10/2011 “Unfortunately this is less a sign of a robust housing recovery and more a sign that lenders have become bogged down in reviewing procedures, resubmitting paperwork and formulating legal arguments related to accusations of improper foreclosure […] . . .
Read More: Mortgage foreclosures keep on, keepin’ on. Post 162
Massachusetts Foreclosure Case Likely to Set the Tone Against Banks’ Foreclosure Decisions The Bryan Ellis Real Estate Letter January 7th 2011 …the Massachusetts Supreme Judicial Court upheld a lower court’s decision that two foreclosures were invalid because the banks did not adequately prove that they owned the mortgages in question…The decision likely will set the […] . . .
Read More: Uncle Sam (you & me) may need to bail out the banks – again! Post 158
Michael Rady worked at the docks for 15 years to pay off the mortgage on his Cleveland home. But when Mr. Rady was injured and could no longer do physical labor, he couldn’t find a job and had to live off savings and credit cards. Soon, he owed Cuyahoga County close to $8,000 in property […] . . .
Read More: Some towns NOT doing tax foreclosures. Post 139
MI foreclosure rate leveling off FLINT News Flint, MI January 07, 2009 Officials see indications that foreclosures are starting to level off GENESEE COUNTY, Michigan – Bank foreclosures in the county kept rising in 2008, but there were signs in those gloomy numbers that the sheriff’s sales are starting to level off. The year-end figures […] . . .
Read More: MI foreclosure rate leveling off. Post 117
Even if you’re up to date on payments, don’t ignore taxes or transfer the loan. Los Angeles Times December 7, 2008 Reporting from Washington – Not making your [tax ed.] payments is just one way to lose your house. Take the case of Aaron Powell, a member of a right-wing militia group who a few […] . . .
Read More: Banks always have the upper hand. Post 115
Coach Mitch’s REFLECTIONS™ “But I thought the IRS was my friend?” If it wasn’t bad enough that the national foreclosure rate has skyrocketed more than 40% over last year’s record numbers, now the IRS has to add insult to injury. If you are a desperate homeowner that has been granted some mortgage relief by your […] . . .
Read More: The IRS adds to foreclosure misery. Post 23
Coach Mitch’s REFLECTIONS™ The “Foreclosure Bomb” is upon us. Foreclosures are up 40% over last years record breaking number and that is just the 1st quarter. The “Foreclosure Gurus” are shouting “Now is the time to get into real estate investing and investing in foreclosures is good.” Coach Mitch says – “Be Warned and Be […] . . .
Read More: 10 Ways Coach Mitch’s Tax Delinquent Real Estate “Ridiculousley Simple System…” is better than foreclosure investing! Post 16
Coach Mitch’s REFLECTIONS™ I recently answered a forum question to someone who is negotiating to buy a personal residence. THE QUESTION The seller is trying to play hardball and when asked about how he justifies the price – the seller just snorts, and says “real estate ALWAYS appreciates!” The seller is now desperate, and […] . . .
Read More: Tax delinquent property can be gotten at firesale prices – especially when the market is falling. Post 8
Coach Mitch’s REFLECTIONS™ Let’s define our terms A property that is tax delinquent is one that has a tax bill outstanding against it. A tax forfeited property is one where the taxing jurisdiction has followed legal procedures to take a property away from the previous owner because the outstanding taxes have not been paid […] . . .
Read More: Tax Delinquent Property vs Tax Forefeited Property. Post 7