California Foreclosure Prevention Act…

This is important information for California homeowners that may be in danger of losing their home to foreclosure. A 90-day foreclosure moratorium is under way. The law, which went into effect June 15, is designed to get lenders to try harder to keep borrowers in their homes.

California is ground zero in sheer foreclosure numbers up to 90,000 combined default notices, scheduled auctions and bank repossessions are filed every month, more than any other state. The number represents nearly one in three foreclosure filings nationwide. Read more

Search bank owned properties (REO)….

 Interested in buying bank owned and/or foreclosed properties. There is a lot of information you need to learn but if you want to get in the “game” quickly check out the links below.

REO & FORECLOSURE SITES
www.ocwen.com – Foreclosure Listings
www.homesales.gov/homesales/mainAction.do - Homes for sale by US Government
www.resales.usda.gov - USDA Homes For Sale Read more

Obama’s 275 billion dollar housing plan

“When the housing market collapsed, so did the availability of credit on which our economy depends…We will help between seven and nine million families restructure or refinance their mortgages so they can avoid foreclosure,” Obama said.

The housing plan is meant to help homeowner’s who can’t afford to pay thier mortgage, sell thier properrties or refinance their properties because of declining market values. Read more

Elaine Zimmermann…getting ahead with foreclosure lists

Elaine Zimmermann is a nationally recognized foreclosure book author and investor. She began her career in real estate investing over 12 years ago after going through a painful divorce. She had to rent out her house and she was broke. She kept asking herself, “How am I going to get ahead”? She obtained a government foreclosure list and made her 1st investment.

Her primary goal was to reach $1 million in assets and she achieved that goal within 5 years. Read more

Alexis McGee…educates buyers about buying distressed homes

Alexis McGee is THE nationally recognized foreclosure industry expert. She’s the go-to person interviewed or quoted by news media coast to coast, from The Wall Street Journal to the New York & Los Angeles Times. Alexis is a 20-year veteran of the foreclosure-investing business. She knows firsthand what works and what doesn’t.

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ForeclosureS.com: Pre-foreclosure Filings Set Record

ForeclosureS.com: Pre-foreclosure Filings Set Record in July
Nationwide News - September 2008

 

Pre-Foreclosures hit record highs in July 2008 both nationally and in 14 states and the District of Columbia according to new figures from ForeclosureS.com (www.foreclosures.com) California-based foreclosure information specialists. Read more

What doesn’t kill you only makes you stronger…

I am terrible at euphemisms and I can’t remember a quote to save my life. It’s 3:10AM Saturday morning. I’ve been up since 2:15AM. Pissed as hell that another night is sleepless. I’ve been thinking a lot about what’s been going on in the market lately or rather the state of the market, the elections, the news and all the commentary by the folks that sit high upon their pedastools condemning home buyers that are about to foreclose on their homes and pointing their fingers only to blame anyone and everyone but themselves. Isn’t there a saying “Judge not lest ye be judged” and “let he who is without sin cast the first stone.”

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