Nobel Finance Sydney – Money Matters Newsfeed

By Karim El Sheikh

With all the hoopla in and around the country with the current real estate market, is it such a bad thing for investors or anyone willing to get a real estate investment going? I would say absolutely not. There is one thing that people can find right now and that is tons of foreclosures and houses in areas where the prices have never been lower. How could you not think about an investment right now, especially if you have or are able to get the capital to invest in it. There is no doubt about it – it’s a buyers market. So I’ve decided to let you in on four reasons why I think people should buy right now.

The first reason is the amount of houses for sale in this current market. With the amount of foreclosures, preforeclosures, and anyone wanting to get out of their home, the country has tons of homes for sale for your choosing. With the amount of homes for sale, you have a very competitive stance on getting a great deal on purchasing a home. The ball is in your court when negotiating because if someone has an asking price that you don’t want, you can move on to the next house down the street. This leads into my second point.   {continued}

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By Cory Boatright

Here is an excerpt from my home study course “Short Sale Fundamentals” in the final phases of completion now.

The Homeowner is in Bankruptcy

First off you don’t ever want to offer legal advice to the homeowner unless under the rare situations where you’re a qualified attorney. Let’s discuss the two typical types of bankruptcies that you may encounter.

Chapter 7 – know as Liquidation

Chapter 13 – known as Reorganization

With either type you are going to have to contact the Trustee of the Bankruptcy to get the property released out of it. 

You will need to get a letter called “Affidavit of Abandonment for Real Estate & Asset”

This letter will allow you to obtain clear title so you can close on the property with your buyer. Bankruptcy puts a hold or “stay” on the foreclosure process or any other debt collections period. This will continue until it is completed or a “release of stay” is issued by the judge for the lender or lender’s trustee to proceed with the foreclosure.   {continued}

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By David Faulkner

The idea Life that life’s a beach may seem like a fantasy to most people, simply because a life at the beach is simply beyond the means of most of us. But for those who are willing to make an effort to find their perfect place in the sun, searching through lists of foreclosure properties in the hopes of finding beachfront foreclosures can mean a dream come true. Beachfront foreclosures do exist, and for those willing to be patient until one comes onto the foreclosure auction market, can be the opportunities of a lifetime.

Discounts To Market

There is no difference between a beachfront foreclosure and any other kind; all foreclosures happen when a bank or other lending institution assumes possession of a name after its owner has failed to stay current on the mortgage payments for a long enough time. Like all foreclosures, beachfront foreclosures will usually sell for a price significantly discounted to their fair market value.

Because banks holding title to beachfront foreclosures are motivated to have them reoccupied as soon as possible, buyers can often purchase beachfront foreclosures for surprisingly low prices. The banks or lending institutions benefit from having the homes reoccupied because they no longer have to pay to insure or maintain them, and buyers benefit because they can get into beachfront homes which would otherwise be beyond their means.  {continued}

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by Tarron Acuff
Foreclosure can seriously taint your credit, but it is feasible to repair your damaged credit from foreclosure. I will offer some suggestions to help you repair your credit and also help you with your spending habits after foreclosure.

Following a foreclosure, it is a must to improve your credit and don’t have crazy spending habits. If you want to continue to fall back into financial trouble, then spend like crazy. We all know we don’t want to do that so, here are some tips that can help:  {continued}

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by Liz Roberts
Stop Foreclosure! Is it possible? Yes, you can stop foreclosure if you take the appropriate actions immediately. Consider the following steps you can do to stop lenders from foreclosing your home:

Call your lender right away and request to speak with someone from the Loss Mitigation Department. This is the department that particularly handles foreclosure properties. Explain why you have missed on your monthly payments especially if you’ve been through difficult circumstances.

Know your options. Usually, you may request for some options to stop foreclosure. One option would be to ask for Forbearance. This is where your lender can waive some fees on your debts to help you keep up with the payment.   {continued}

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