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ISSUE 21

July 2008

TOP STORY

High-End Foreclosures Rising Among Top Tier Homes Until now, the foreclosure crisis was confined to a narrow niche of middle-class urban communities and outer-rim new housing developments where first-time homeowners and real estate speculators benefited briefly from favorable financing. VIEW FULL STORY

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LATEST ARTICLES

States Rules Begin To Impact Foreclosure Numbers If you believe that foreclosures are not good for borrowers, lenders or neighborhood home values then you will surely want to know what it is that Maryland did to reduce foreclosure levels so quickly. No less important, other states will certainly want to borrow some of that Maryland foreclosure magic. VIEW FULL STORY How to Sell Your House Quickly When Facing Foreclosure If you are currently in foreclosure, strongly consider selling your property as a backup plan. The object is to pay off all debt and expenses, walk away without a foreclosure or bankruptcy on your credit history and perhaps put a little cash in your pocket to start over. Some lenders provide assistance with seller-paid closing costs as well; which is always a plus. VIEW FULL STORY Top 7 Foreclosure Stories of Past Year The euphoria that surrounded six years of escalating home prices, record levels of home sales and rock-bottom interest rates crashed and burned in 2007, forcing many foreclosure investors to ratchet down their purchases and patiently wait for an expected flood of bargains to emerge from the ashes of the housing downturn. VIEW FULL STORY MORE ARTICLES Wachovia Changes The Lending Game Learn to cash in on bank-owned foreclosure properties (REOs) by knowing answers to these questions

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