Home mortgage interest rates have never been lower, foreclosed properties are available for bargain prices, special grant programs even pay down payments and on - line tools let you shop for
foreclosed homes across the country.
Not exact matches
Foreclosed homes are available in virtually every real estate market
across the
country, providing opportunities for homeowners and investors alike.
In hundreds of cases, the money trail from
foreclosed and abandoned
homes in South Florida leads
across the Atlantic to Germany and this
country's largest investment bank.Deutsche Bank was a heavyweight financial player during the American mortgage...
Across most of the
country,
foreclosed homes sell for less than they would sell for in a traditional sale.
We believe more can be done to address the lack of available and affordable mortgage financing to creditworthy borrowers and stem the rising inventory of
foreclosed homes, which is depressing
home values in communities
across the
country.
Another pattern that seems to be emerging
across the
country involves Florida banks like Wells Fargo entering into loan modification agreements where the borrower /
home owner agrees to pay a lower mortgage payment for a set time period and, if the borrower makes all of those temporary payments, then the bank agrees to modify the mortgage
home loan permanently instead of
foreclosing on the property.
And let's not forget the July 2013 report out of RealtyTrac earlier this month: Florida also leads the
country in the number of
foreclosed homes that are sitting VACANT in communities and neighborhoods
across the state.
«Builders are reporting increasing demand for new
homes as inventories of
foreclosed and distressed properties begin to shrink in markets
across the
country,» says NAHB Chairman Barry Rutenberg, a
home builder from Gainesville, Fla. «In view of the tightening supply and other improving conditions, many potential buyers who were on the fence are now motivated to move forward with a purchase in order to take advantage of today's favorable prices and interest rates.»