All Things Real Estate: Contact mortgage company right away when unable to make payment
Q: My husband and I have lived in our house for about five years. He lost his job last year and the unemployment benefits have run out.
Q: My husband and I have lived in our house for about five years. He lost his job last year and the unemployment benefits have run out.
As real estate professionals, it's imperative that we set expectations from the beginning and help buyers understand the complexities of purchasing a distressed property. A foreclosure is a legal process in which the lender attempts to remove the balance of a loan from a borrower. Foreclosure News
The shuttered Senses nightclub on Poplar Avenue is facing foreclosure after its owners, who had planned to resurrect the once-popular nightclub, defaulted on a $ 1.1 million loan. Senses, 2866 Poplar Ave., closed in April 2013. Foreclosure News
Defying the critics, the single-family rental sector has rapidly matured into a mainstream REIT sector. Through consolidation, these REITs have achieved cost efficiencies nearly on par with apartment REITs. Foreclosure News
In 2005, everyone I knew was buying real estate. With no experience and no money, they bought properties they couldn't afford and were convinced they were going to make a fortune. Foreclosure News
The foreclosure rate in the Twin Cities metro is at an all-time low and is now one of the lowest in the U.S. It's a development, however, that's partly the result of underlying troubles in the housing market: a shortage of listings and tight credit. During the first half of the year, the foreclosure rate…
As of June, just 1.5 percent of Tampa Bay homes with mortgages were in some stage of foreclosure. [Getty Images file photo] As of June, just 1.5 percent of Tampa Bay homes with mortgages were in some stage of foreclosure. Foreclosure News