All Posts Tagged With: "foreclosures"

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How Subprime Mortgages Have Sky-Rocketed Foreclosures–A Picturegraph

Here’s in interesting chart from the NYT showing the impact subprime mortgages have had on foreclosure rates. In the mid-west where Mike and I buy properties, there have been lots of foreclosures, but their connection to subprime mortgages is less than clear. In fact, some of our best foreclosure deals were made before [...]

6Apr2008 | Rob | 3 comments | Continued
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Foreclosures Produce Deals, but No Steals

According to a Wall Street Journal article published today, a wave of foreclosures is starting to drive down prices as banks put more properties on the market. In some areas, foreclosure-related sales account for 40% of all sales. Well a few weeks ago Mike and I did our own sort of investigative reporting–we [...]

25Mar2008 | Rob | 1 comment | Continued
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Homeowners—Avoid Foreclosure by Thinking Like Investors

Foreclosure news has become an all too common headline. This week’s news cycle about foreclosure activity increasing 75% in 2007 was just the latest in a continuous stream of bad news for some homeowners. While we write principally for the real estate investor here on TWA, we are joining a group of our personal [...]

1Feb2008 | Mike and Rob | 15 comments | Continued
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U.S. Foreclosure Activity Increased 75% in 2007

Realty Trac has released data showing that 2,203,295 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 1,285,873 properties nationwide during 2007, up 75 percent from 2006. The report also shows that more than one percent of all U.S. households were in some stage of foreclosure during [...]

29Jan2008 | Rob | 2 comments | Continued