Foreclosure Property « HomeBuyerPower®

Buy a House!?

The Daily Reckoning had an article several days ago discussing the relative cheapness of housing now, post-bubblepop. They noted:

“US housing isn’t just cheap; it is the cheapest it has been in more than 40 years. And when one considers the possibility that inflation may rear its head soon, housing looks even cheaper still.

The [...]

How To Cripple the Real Estate Market in Five Easy Steps

Charles Hugh Smith had a good read recently concerning the current state of the crippled housing market. A few snippets about how we got there:

“… millions of properties are being held off the market. This “shadow inventory” is well-known (tens of thousands of people are living rent and mortgage-free in homes that the [...]

Foreclosure Scout Shares The ‘Dirty Tricks And Blatantly Illegal Practices’ Of His Job

Business Insider had a fascinating article last week where a “Foreclosure Scout” revealed many of his “secrets” to finding and securing the best deal at public foreclosure auctions. Much of what he says is, well, ranges from border-line unethical to flat out criminal but it is an interesting read anyway. A sample of the less controversial [...]

Uncle Sam’s REO Fire Sale. Minimum Investment: $1 Billion

The Daily Reckoning had an interesting article yesterday about how ordinary investors can get in on bulk purchases of portfolios of REO Bank Owned properties sold at fire sale price.

Hint: They can’t.

As repored:

“… the federal government is about to dump millions of the foreclosed homes at fire-sale prices to hedge funds and private-equity [...]

NAR Revises 2007-2011 Sales Data Lower – Housing Bust to Look Worse With Sales Revised

The Wall Street Journal is reporting in 2 separate articles recently that the National Association of Realtors (NAR) revised their last 5 years of sales data downward to reflect, apparently, reality.

Imagine that.

The net effect is that the housing bust we have experienced so far is much worse than the NAR had originally reported:

“A [...]

The Great $26 Billion Real Estate Tax Credit Swindle?

The Wall Street Journal had an article on Tuesday worth considering. It revisits the subject of the tax credits to home purchasers offered by the Government back in 2009 and 2010 and analyzes how that all worked out.

Apparently, for many, not too well:

“Zillow.com, the real estate information company, says the average price [...]

Baltimore-Area ‘Shadow Inventory’ Reported At 50,000 Homes

An article in the Baltimore Sun reported that, according to John Burns Real Estate Consulting, Baltimore’s “Shadow Inventory” of homes may be in the 50,000 range:

“Thousands of homes are on the market in the Baltimore region. But as the commercials say, wait — there’s more.

Tens of thousands of Baltimore-area homeowners are [...]

‘Our statistics clearly show that real estate investors continue to far outperform banks in dealing with distressed properties,’ said Sean O’Toole, CEO and founder of ForeclosureRadar.”

“Outperform”?

As buyer agents [...]

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Buy a House!?

How To Cripple the Real Estate Market in Five Easy Steps

Foreclosure Scout Shares The ‘Dirty Tricks And Blatantly Illegal Practices’ Of His Job

Uncle Sam’s REO Fire Sale. Minimum Investment: $1 Billion

NAR Revises 2007-2011 Sales Data Lower – Housing Bust to Look Worse With Sales Revised

The Great $26 Billion Real Estate Tax Credit Swindle?

Baltimore-Area ‘Shadow Inventory’ Reported At 50,000 Homes

Surge In All-Cash Buying Signals The Demise Of The ‘Normal’ Housing Market

Housing Time Bomb Goes Tick Tock Tick Tock

Investors Outdo Banks Offloading Distressed Properties

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