Foreclosures and the investor - increasing yes - but please don’t pass off opinion as fact!

FYI - this is long and I’m on a soap box on a roll . . . On Sunday, an article ran in the Coeur d’Alene Press: Foreclosures continue at rapid pace. COEUR d’ALENE — Real estate foreclosures continue at a rapid pace, with investors who came late to the game taking the biggest hit. “They have really screamed up,” said Cindy Harnasch, title officer at First American Title, where 35 foreclosure sales were held in February. Many of those were on rental properties, she said. This isn’t surprisi more…

Foreclosure flu spreads Crain’s Chicago Business, IL - 54 minutes ago By Steve Daniels March 03, 2008 The housing crisis hit virtually every Chicago neighborhood and suburb last year as foreclosures swept from the city's … more…

Those who are looking for a silver lining in the current real estate market ought to read libertarian economist Steven E. Landsburg’s article in the current Slate.com. Landsburg’s piece is entitled “The Case for Foreclosures.” He argues that the recent explosion in home foreclosures isn’t something to be concerned about. First, Langsburg points out, foreclosure doesn’t destroy homes, it just creates new homeowners. Langsburg notes that homes are not ‘lost” in foreclosure – they simply change more…

The Foreclosure Tour Comes To Town WTOP, DC - 3 hours ago Prince William County has been especially hard hit with a higher percentage of foreclosures than the rest of the DC area. The tour visited nine foreclosed … more…

Vote on Housing: Blocked by GOP Senators Let me say for the record that I’m an Independent and for the most part you won’t see me get political on this blog, but… WASHINGTON – Senate Republicans blocked a test vote on a housing bill yesterday that would have allowed bankruptcy judges to alter terms of certain mortgages in foreclosure. Senate Democrats fell more than 10 votes shy of the 60 needed to proceed with consideration of the bill. On Wednesday, the White House threatened to veto the more…

W. Va. Bill May Help Avoid Foreclosures Forbes, NY - Feb 28, 2008 By LARRY O'DELL 02.28.08, 10:35 AM ET Homeowners delinquent on their high-interest mortgage payments would get more time to avoid foreclosure under … Share This more…

Rooming house contests foreclosure action Milwaukee Journal Sentinel (subscription), WI - 9 hours ago The Wisconsin Housing and Economic Development Authority, known as WHEDA, filed a foreclosure action in Milwaukee County Circuit Court in November against … more…

If you are thinking of purchasing a foreclosure home then there are a few things that you need to find out to ensure that you get yourself a good bargain. There are some very good savings to be had with foreclosure homes but it is vitally important that you do your research first to make sure you get a good deal.Your first point of call should be to get in touch with a few sales trustees. These people are there to help you get a good bargain and will be able to answer a lot of your questions. W more…

The January foreclosure figures, released by RealtyTrac, indicate that Lane County foreclosures are on the rise. In January 2008 there were 125 foreclosure listings – an increase of 36% over January 2007. In December there were 117 foreclosures. It is apprehended by mortgage experts that the numbers will rise further. Loan officer Jeff Nunley of Evergreen Pacific Mortgage dittos the fear and feels that there is no doubt about the increase. The only consolation is that Lane County is better off more…

Tags: foreclosure, home equity loan