California Foreclosure & Short Sales

Property Foreclosure

With interest rates so low, people are looking for different ways to invest their money. Housing prices are at an all time low, consider investing in rental homes. Let the low interest rates work to your advantage as you purchase homes to rent with only 20% down. Some Factors to Consider Location, location, location is key to finding good investment property. Become knowledge about the community. Do research, if necessary. People want to rent in areas that are... [Complete Article]

The common reasons foreclosures occur are because of loss of employment, death, separation or divorce and the economy. When one or two or more of this do occur, it is more likely that the property will end up in foreclosure. Whether it is foreclosures bank owned or other type of financial institution lender, it will be foreclosed if you missed up on payments. Reasons foreclosures occur may also come from other factors. Foreclosures are lenders action to recuperate their... [Complete Article]

Foreclosures are of three types; residential foreclosure, commercial foreclosure and tax foreclosures. The present crisis in USA is home foreclosures. Now what is a foreclosure? When a person borrows money from a lender, by mortgaging his property, he has to pay the lender, the interest along with the principal amount, on time, as mentioned in the mortgage contract. When he defaults payments, the lender then takes possession of the house of the owner. This process is known... [Complete Article]

One of the biggest cities in the state of Florida is Miami. It is a sprawling metropolis of home deals. Indeed, it is a perfect city for residential homes as well as recreational areas along with the whole city being bordered by the Everglades River, Biscayne Bay and last but not the least, the Atlantic Ocean. There are numerous Miami REO properties that can be found right here and ready to be flipped for a profit. So ask yourself, are you ready to invest in foreclosure properties... [Complete Article]

Recommended Reading

California’s unemployment rate hit a modern record of 12.6 percent in March according to a report issued by the California Employment Development Department.

More than 2.3 million Californians remained unemployed, with 362,000 more people jobless than a year ago. California’s jobless rate grew from 12.5 percent in February after holding steady for a month. The rate was 10.6 percent in March 2009.

On average, there are 5.5 job applicants for every opening, according to Maurice Emsellem, policy co-director at the National Employment Law Project. For those about to lose benefits, the clock is ticking. “Jobs have not been quickly multiplying, so there’s a lot of people who are still in need of assistance.” said Loree Levy, a spokeswoman with the Employment Development Department.

Michigan leads the nation with a 14.1 percent unemployment rate, followed by Nevada at 13.4 percent. California was tied with Rhode Island for the third-highest jobless rate.

University City San Diego real estate

• ISBN13: 9780470122181
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With the housing bubble of the past few years bursting and interest rates on the rise, there has been an upsurge in the number of foreclosures across the country, creating many opportunities for profit. But investing in real estate foreclosure[s?] can be a tough job, especially when a negative stigma is attached. How do you make money while preserving your morals and trust? Foreclosure Investing For Dummies shows you how to invest in foreclosures ethically wi… More >>

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Now in paperback-an inside look at Countrywide Home Loans and the mortgage crisis, from a former mortgage lender executive.

In July 2004, Adam Michaelson attended a high-level meeting at Countrywide Financial headquarters about a new loan product that would allow borrowers to pay less than their minimum monthly payment. The “finance jocks” believed that the booming housing market would only get bigger, supporting homeowners in a cycle of borrowing … More >>