Texas proposes to limit real estate investing. Post 119


What is up with Texas? by Susan Lassiter-Lyons February 16, 2009 I just got this email from a friend of mine who owns a HomeVestors franchise in Texas. They’re the “we buy ugly houses” guys. This is pretty startling legislation if passed so it’s important that we real estate investors pay attention to what happens […] . . .

Read More: Texas proposes to limit real estate investing. Post 119

Fed moves to limit foreclosures. Post 118


Fed takes major step toward stalling foreclosures January 27, 2009 WASHINGTON (Reuters) – The Federal Reserve on Tuesday took a step toward easing mortgage foreclosures threatening millions of Americans, announcing that it would write down troubled mortgages to keep people in their homes. Fed Chairman Ben Bernanke said the initiative would specifically include $74 billion […] . . .

Read More: Fed moves to limit foreclosures. Post 118

MI foreclosure rate leveling off. Post 117


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

Do yourself a favor for the New Year, get a mentor. Post 116


Coach Mitch’s REFLECTIONS™   Keep a watchful eye Although G-d isn’t making any more land, the lay of the land is constantly shifting. You must be aware of what is happening to the real estate market so that you can react when necessary to implement a new strategy or modify a current one. Mentors, the […] . . .

Read More: Do yourself a favor for the New Year, get a mentor. Post 116

Banks always have the upper hand. Post 115


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

One owner has 8 tax foreclosures. Post 114


Tax Foreclosure Notices UP Mount Desert Islander Bar Harbor, ME November 28, 2008 BAR HARBOR – The owners of 39 properties were notified last week that the town will foreclose on their houses, lots or commercial structures unless delinquent property taxes are paid by Dec. 22. The number of properties facing foreclosure is more […] . . .

Read More: One owner has 8 tax foreclosures. Post 114

Landbanking becoming a popular government program. Post 113


Land bank top priority in 2009 the herald-dispatch w.va. November 29, 2008 HUNTINGTON -Mayor-elect Kim Wolfe says creating a land bank will be one of his first orders of business when his administration moves into City Hall on Jan. 1. “I’ve always said it is a good idea because it puts the city on the […] . . .

Read More: Landbanking becoming a popular government program. Post 113

Tax liens UP 25% in Colorado. Post 112


Property tax liens up 25 percent County to auction debt Dec. 5 County NewsBoulder and County CO Friday, November 28, 2008 More property owners in Boulder County are falling behind on their taxes, according to Treasurer Bob Hullinghorst, who expects to have 25 percent more tax liens to offer at this year’s auction than last […] . . .

Read More: Tax liens UP 25% in Colorado. Post 112

County cancels tax lien sale. Post 111


A sign of the times: County cancels tax lien sale Dayton Daily NewsDayton, OH Wednesday, November 19, 2008 Treasurer said no company bid on bundle of 650 properties owing a total of $2 million. DAYTON – It’s one of those “you know the economy is bad when …” situations. Montgomery County this week canceled its […] . . .

Read More: County cancels tax lien sale. Post 111

HUGE tax sales abound around the country. Post 110


Nearly 700 properties have delinquent property tax payments Clay County is preparing for possibly the biggest tax sale it has ever had. Clay County Auditor Mary Jo Alumbaugh said. “In total, there are about $1.5 million in delinquent taxes on those properties.” Alumbaugh added the loss of those tax dollars affects all taxing units, including […] . . .

Read More: HUGE tax sales abound around the country. Post 110