Got Foreclosure! - Blog

For all investors (beginning and seasoned), and for all move-in home buyers who are looking for opportunities in the foreclosure/REO market, GotForeclosure.com is launching its first “Property Tour Event”.
…great foreclosure bargain deals are here now - what are you missing to get the one that’s right for you?
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FdL foreclosure expert: ‘This is not going to go away overnight’
House Passes Mortgage Fraud, Foreclosure Rescue Bills
San Diego Foreclosure Home Auction Review Part 3
Auction for Ladera Ranch: A foreclosure bidding war with a twist

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“Sacramento, state foreclosure sales decline” - this headline on Sacramento BizJournal.com peaks interest. A clear trend of declining foreclosure numbers should signal the market’s bottom, right?

Yes, in a sense - and the BizJournal is sufficiently ambivalent. But the numbers are telling more truth…

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We are currently working on three short sales that have already been approved for huge discounts. - That’s the good news.
The bad news is that active listings have caught up with our low offer price. So now the lender nets about 3% less than comparable active REO listings.
That raises the question if these active REO […]

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“…into a snowball effect.”
Karen Mann, a San Francisco Bay area appraiser, said this, and she is talking about home valuation for the purpose of refinancing. A whole article on BusinessWeek today talks about the glum and gloomy outlook for overleveraged home owners.
After all, why would anyone want to refinance, if it wasn’t for the purpose of […]

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