Monday, August 18, 2008

Bank reo - Fast action can prevent home loss, experts say - Augusta Chronicle

Several experts offered the following tips for people in danger of foreclosure, and those interested in selling, buying or otherwise investing in real estate. AUGUSTA ATTORNEY JOE MITCHELL , who represents people in bankruptcy courts in Georgia and www.bankreopropertydeals.com

Q: I am 62, retired, and will begin receiving my Social Security check in November. Between my retirement and Social Security, I will get about $2,500 per month. My husband, also 62, will work two more years and then retire, but get 80 percent of his www.bankreopropertydeals.com

HOPE MILLS, N.C. (AP) _ After 25 years as a doorman on Manhattan's Upper East Side, Carl Petrone was ready to retire from the cold winters and his daily commute. Petrone and his wife, Marie, wanted a home someplace warm, and found it in North www.bankreopropertydeals.com

In South Florida's real-estate gold rush, the promise of instant wealth drew thousands of players into the local housing market. Cheap money flowed from lenders' coffers lubricating a vast matrix of builders, sellers and buyers. No credit, bad credit www.bankreopropertydeals.com

Radio gadfly Joe Aldeguer — you know him from WLS as "The king of real estate! The wizard of creative thinking! The master of making the deal!" — has closed his suburban mortgage-lending business, the Mortgage Exchange, and faced foreclosure on www.bankreopropertydeals.com

Miami is a place where potential finds its niche. We all are aware on how the Miami real estate market works and do far we all have played some kind of a game trying to predict what kind of forecast will be flashing on our screens. Certain markets www.bankreopropertydeals.com

In the mortgage industry, they are called "liar loans" — mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job, and (no) assets." The nation's www.bankreopropertydeals.com

First, let me say this: Of course I have regrets. After all, the purchase of our family home in Hollywood with an adjustable-rate mega-jumbo mortgage closed a mere 119 days before Countrywide Financial Corp. announced that -- whoops! -- it had, uh www.bankreopropertydeals.com

Foreclosure Trackers, Inc. (FTI), an industry-leading foreclosure data aggregator and provider of foreclosure education for investors of all levels, announces Randy Green as its vice president of data acquisition. "Since the inception of Foreclosure www.bankreopropertydeals.com

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