Foreclosure, Short Sale and Bankruptcy Hurt Your Credit Score
Reprinted with permission from ClarkHoward.com. Original research done by syndicated writer Keith Harney. Clark is often asked how a short sale or foreclosure will impact someone’s credit score. A new report from syndicated writer Kenneth Harney now reveals the damage. Before we go further, please note that these figures below are compiled based on your Vantage credit score. The Vantage...
Read MoreAnother CT REIA Member “In The News”
Developers transform run-down housing into affordable New London homes CT REIA Member "Jay Feldman" Article by Lee Howard – Published on 9/13/2009 With scores of homes sitting vacant or deteriorating in the midst of foreclosure proceedings, a few private developers are discovering deals in the New London real-estate market and turning them into profit-making opportunities. And,...
Read MoreWhy Buying And Holding Isn’t What it Used To Be
Article by Sean Carpenter Are you finding deals are getting tougher to close with the new restrictions banks are pushing on applicants? Is it taking longer to get a deal done? Have you stopped looking for new projects to acquire? The last year has been a very difficult period in real estate history. Some markets have declined upwards of 50% in value with no light at the end of the tunnel. Not...
Read MoreRental Markets Are Back
Article by Wendy Patton For the last several years I have been saying that the foreclosure epidemic would be a good thing for real estate investors. Real estate investors have such a great opportunity when foreclosure rates go up. What opportunity exists? Real Estate investors can buy foreclosures, of course, and they can also benefit from the displaced owners of the foreclosures. They now have...
Read More10 Good Reasons To Stay In Or Enter The Market Now
We are cheerleaders for an industry and market that we believe have a vast upside for the wise investor. BEAT BACK THE NEGATIVE We believe we have just lived through the colliding storms of economic limitations, politics, and the social impact of a generational change in leadership values. Our core beliefs have been shaken. The next question is where to find dependable investments in...
Read MoreHow Foreclosure Affects Your Future
Foreclosure is far from the worst thing that could ever happen to you. If your home ends up in foreclosure, chances are there are lots of things you should thank your lucky stars for: your family, your health and your good looks. Foreclosure doesn’t mean you are irresponsible or not deserving of prosperity. It can be the result of an unwise decision, bad timing or unfortunate life events....
Read MoreHow to Deal With Your Lender When Facing Foreclosure
Tips to stack the decks in your favor Why would an impersonal institution — a mortgage bank — want to compromise with a homeowner who is behind on his payments? Well, some banks have more of a "compassionate personality" than others, but the bottom line is that it costs a bank up to $80,000 to foreclose on a home! What Is a Workout? A workout is a compromise between a...
Read MoreHow to Sell Your House Fast When Foreclosure Looms
When foreclosure looms, many homeowners try to sell their homes. For them, the goal is not just to get the home sold, but to do it quickly. Foreclosure rates are the highest in buyer’s markets, when homes take a longer than average time to sell. What’s a homeowner to do? Get aggressive, and get your home sold fast! As a seller, you control the only three factors that influence...
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