Legal Details You Need To Know About REO

With the housing slump, followed by the recent subprime market meltdown leaving a flood of foreclosures in its wake, lenders, brokers and agents have tried to rebound with real estate-owned (REO) properties. But breaking into the distressed property or REO market is difficult unless you know the ropes - and the competition for foreclosures, today, is fierce. Just ask Steele V. Propp, foreclosure specialist/loss mitigation consultant, for the Bank Owned Property Division of the Minneapolis-based Schatz Group, GMAC Real Estate.

Oregon Foreclosures - Finding Your Dream From Afar

With its ancient mountain forests, waterfall-fed rivers, and magnificent Pacific coastline, Oregon is a marvelous place to call home. And if you think you’d like to call it your home, you may be able to find the Oregon home of your dreams at a price you can barely hope for by investigating Oregon foreclosures.

Stop Foreclosure for Good

With foreclosure rates so high many companies are cashing in on this multi million dollar industry. Many companies advertise on their websites and signs that...

Free Foreclosure Lists - Where Can I Find Them?

Free foreclosure lists would be a help for property investors. But where can they be found?

How Any Real Estate Agent Can Generate New Leads & Listings from Foreclosures

Real Estate Foreclosures continue to climb across the country and are up 62% in April 2007 from the previous year. Any Real Estate Agent whose armed themselves with the knowledge of how to gain access to these folks and work to help them solve their problem can carve out a brand new niche for themselves that 99% of other Real Estate Agents think are junk prospects.

Legal Pitfalls - Whether Or Not To Buy Foreclosure Properties

If you are considering buying foreclosure properties you must be aware of local foreclosure laws. These laws have a significant impact on the foreclosure process in any given area.

Things To Research When Buying Foreclosed Properties

Buying foreclosed properties can be very profitable. You will see what some things to research are. You will also see the reasons for researching them.

Get Creditors Off Your Back - Avoid Foreclosure

Losing your home is not a pretty thing to think about, and it may seem like you are the only one. You can do something about this problem...

Irish v. Woods - Which Surety Was Left Holding the $500,000 Bag?

A secured lender's primary source of recovery when a project goes bad usually is the loan collateral. Secondary sources could be the assets of a guarantor, a surety or an accommodation party, labels that often are used interchangeably to describe a person who signed a loan document but who did not directly benefit from the loan. (See, March 23, 2007 post, Liability of Guarantors or Accommodation Parties when the Original Obligation Is Materially Altered. The April 24, 2007 decision by the Indiana Court of Appeals in John T. Irish v. F. Lawrence Woods, 2007 Ind. App. LEXIS 786 addresses some general rules applicable to these secondary sources and also provides a good suretyship vocabulary lesson.

Frequently Asked Questions About Foreclosures

Not sure how to purchase a foreclosure or where to start? Do you have questions about how to purchase a foreclouse at an auction? If you answered yes, then read our frequently asked questions about foreclosures.

Foreclosure- The Flip Side of Easy Lending Practices

For many homeowners who are tracking real estate news, the question of why foreclosures have jumped in the recent past isn't always clearly addressed in the media. This article gives a few clues as to why foreclosures are on the increase.

Indiana's Uniform Fraudulent Transfer Act - 2 Recent Cases

If you're a lender involved in commercial foreclosure actions, you should be at least minimally familiar with the elements of a fraudulent conveyance. This is because a fraudulent conveyance claim may result in the collection of funds that your borrower once had but improperly transferred away.

Understanding Real Estate Foreclosures

A foreclosure takes place when a person takes out a loan for real estate and finds themselves unable to pay their mortgage each month. This can be the result of a mortgagor unable to satisfy the terms set forth in the lender's contract. Whatever the borrower was using the loan for is the security for the loan.