photo credit: Krawiec @ USA – NJ It’s another head shaker straight out of Florida as “Wells Fargo Bank NA” sues “Wells Fargo Bank NA” for outstanding liens against properties involved in foreclosure. In what sounds like the most idiotic chain of events, the bank has hired an attorney to defend itself from, well, itself. The defense even issued an answer to its own complaint: “Defendant admits that it is the owner and holder of a mortgage encumbering the subject real property.

I’ve just read The New York Times article, “ Illnesses Afflict Homes With a Criminal Past “, and can only conclude one should do everything possible to make sure the home he or she buys has never been used as a methamphetamine lab. As a home buyer’s tip, this one is important: don’t buy a former meth lab! Read the article and visit MethLabHomes.com to learn more about the dangers of living in a former meth lab and the huge financial costs of clean up.

Tim Iacono submits: The chart below was promptly whipped up after reading this report($) in today’s Wall Street Journal about just how fast Option-ARMs are souring as compared to subprime loans. It’s not so much that the default rates for Option-ARMs have exceeded that of subprimes loans for three months running, but that the absolute numbers are so high. More than one-third of all Option-ARMs (called Pick-A-Pay loans below) are in default and most of these are likely to make it to the foreclosure stage eventually.

Black’s Apollo to Raise $600 Million for Commercial REIT Fund – Bloomberg Black’s Apollo to Raise $600 Million for Commercial REIT Fund Bloomberg Apollo Commercial Real Estate Finance Inc., organized as a real estate investment trust, will focus on properties in major cities, according to documents …

Almost every American is waiting for President Obama to announce his foreclosure plan. According to news, the plan is aimed at reduce the mortgage installments changing the loans. The $50 billion to $100 billion plan is expected to save millions of people facing real estate foreclosures as the nation s economy hits and all-time low. While [...] foreclosure listings Free government foreclosure listings can help you know about the properties that are to be auctioned and date they are t be auctioned.

Source: Matthew Ferrara Two seemingly different mediums collided in my brain last night. First, I was reading a front-page story about a home that was struck by lightning and burned down the night before. I didn’t recognize the street name: Was it nearby or across town. My first inclination was to look for a map. Of course, there was none in the newspaper. My second inclination was to right-click something and Google-up a mapl my fingers actually flexed for the mouse. Frustrated, I threw down the newspaper.

Fax free bad credit payday loan is a hassle free procedure to get quick cash to meet an emergency cash need. You can get cash advance series even if you have a bad credit history without faxing any document or having a credit check. Bankruptcy or foreclosure is not a hurdle in getting bad credit payday loan. No Credit Check Bad credit advance cash does not check your credit to qualify you for the loan. Lenders just verify that whether you are able to repay the loan or not.

The Stanislaus County District Attorney’s Office is cautioning distressed homeowners against schemes which promise to save their home from foreclosure. Go to Source “They say the cows laid out Boston. Well, there are worse surveyors.” by Ralph Waldo Emerson If you like this post, please buy me a beer for $3

by Mark B. Bradley Whether you doubt it or not, it is true that Real Estate Web 2.0 marketing have brought the real estate industry more popularity than ever. Whenever the people would look for a property or estate, they just turn their attention to their PC and click their mouse for results. Web 2.0 sites would provide a great help to your real estate investment. The possibility of Real Estate Web 2.0 sites became real because of the various Web 2.0 sites that help us to interact with other people.

Definitely, the Real Estate Web 2.0 marketing has popularized the industry of real estate to many people today. Anyone who is interested to buy or sell a property or estate, they will just go to the Web and search for keywords where they could the find real estate-related sites. Web 2.0 sites are of great help to many real estate broker and agents if they want to earn more profits.

As School’s Return Approaches, Swine Flu Vaccine Considered Neither Montgomery County or the Pottsgrove School District has announced a vaccination program, but one is already being contemplated by federal agencies as the pandemic is poised to worsen. Postal Service Greening Its Delivery Fleet Local offices may benefit from the purchase of 6,500 new vehicles, including 1,900 that run on alternative fuels. Tomorrow’s AccuWeather Forecast At look at what the next day could be like, provided by AccuWeather.

by Jack Bosch Land Tax Lien Foreclosures are a little known method to acquire properties for as little as 5-10% of the true market value of a property. In the US, every year hundreds of thousands of property owners do not pay their Real Estate property taxes on time. As a result in 18 states there are laws allowing the Counties to do so called tax Lien auctions and auction off the Delinquent Tax obligations to investors in exchange for them receiving several rights.

Bankruptcies, foreclosures continue to rise in Whatcom County Bellingham Herald The first half of 2009 saw a substantial rise in local bankruptcies and foreclosures . Through the end of June, there have been 392 bankruptcy filings by …

Judge finds for homeowner over foreclosure scam – Baltimore Sun Judge finds for homeowner over foreclosure scam Baltimore Sun A Baltimore homeowner who lost his house in a foreclosure assistance scam was awarded a $63908 judgment Monday in Baltimore County Circuit Court.

by Randy Berg If you are looking for purchasing homes across Costa Rica, then real estate agents can assist you in the best possible manner. Most of these real estate brokers in Costa Rica are well experienced and know the market in depth by which they can help you in securing the best deals in the market. Today, there is plenty of choice available for the investors while buying real estate in Costa Rica ranging from residential real estate including commercial projects that are in great demand.

National Mortgage News reports Wells Fargo recently sold $600 million in distressed subprime loans to Irvine-based Arch Bay Capital. Paul Muolo of NMN says the loans were originally funded by two mid-sized subprime lenders: Accredited Home Loans and NovaStar Financial. Arch Bay co-founder Steven Davis declined to comment on the purported sale to his firm, referring calls to his partner Shawn Miller who serves as Arch Bay’s CEO. Mr. Davis didn’t deny that the sale took place but he wouldn’t confirm it either.

The Ultimate Leadership Test – blogs.bnet.co.uk 07/14/2009 Albert Camus, the French author and philosopher, once wrote that we are the sum of our choices. This is certainly true for business leaders. No matter how great a visionary or communicator you may be as a business leader, in the end you will be judged by the choices you make. It is the grasping of the big, thorny issues and opportunities that will define your legacy.Take Barack Obama. different Letter to Congressman Donald Payne.

How Does Foreclosure Work? Do you know how does foreclosure work? It is really important to know how foreclosure works so that you can avoid the situation and if you are in foreclosure then you should definitely know how it works. So let’s check out how does foreclosure work? As soon as you miss a monthly mortgage payment, your mortgage company will send you a letter telling that they have not got the monthly mortgage payment and will ask you to pay it as soon as possible.

Confirming The Next SC Justice Sotomayor opens by stressing fidelity to the law US Supreme Court nominee Sonia Sotomayor introduced herself to the nation on Monday, presenting a compelling story of family struggle and a few words of explanation to her harshest critics. Sotomayor: The Drinking Game [C]rack open a beer and let the buzz words start flying, says Tom Goldstein, who has argued more than 20 Supreme Court cases and is founder and manager of SCOTUSblog.

by Jack Bosch Annually, hundreds of thousands of property owners do not pay their Real Estate property taxes on time. Because of these delinquencies, 18 states have enacted laws allowing the Counties to foreclose on tax delinquent property. The property lien is sold at a Tax Lien Auction. The investor pays the delinquent tax and assumes certain rights on the property. For as little as 5-10% of the true market value of a property, you can foreclose and assume ownership.

by HarrietWell, BMWK, the end of a thing is always greater than its beginning! I want to thank you for your prayers and support. I really do. The first article I wrote about our home being in foreclosure was heart wrenching. We didn’t know WHAT we were going to do, but we knew we were going too believe and trust God.First, let me give you a run down of what happened leading up to this point:My husband was laid off from his teaching job in May of 08.

Real Estate Market Will Start to Rise by Tyrel Hough2008 will be known best known for it’s rough real estate property foreclosures and price drops. There has not been a real estate market crash. The 1980’s crash has been referred to many times in the same breath as the recent disaster.Things are looking up for the market and by the end of ‘09 we should see properties start rising again. Property owners will love hearing this as some weren’t sure it would ever happen.

by Torrey Hough If you have seen any news in the last year you know very well that ‘08 was one of the worst years the real estate market has seen. It was so bad that 2008 has been compared to the 1980’s and the real estate disaster that happened then. House owners are going to happy to hear that prices should start to rise again by the end of 2009, something they thought they’d never hear. In order for the market the rise again it will have to hit an ultimate low which experts say is right around the corner.

The last thing anyone wants to loose is your house. Unfortunately even though we know this fact, sometimes we tend to take our mortgage payments for granted and end up loosing our homes. When a borrower fails to pay his or her mortgage for a number of payments (usually 5 or 6) the lender will issue a foreclosure by selling the house or repossessing it.

by Doc Schmyz The last thing anyone wants to loose is your house. Unfortunately even though we know this fact, sometimes we tend to take our mortgage payments for granted and end up loosing our homes. In this case, a home foreclosure will happen. When a borrower fails to pay his or her mortgage for a number of payments (usually 5 or 6) the lender will issue a foreclosure by selling the house or repossessing it. Sadly, more often than not banks often lead the homeowners to believe that they don’t have other options available.

July 14, 2009 by Doc SchmyzHome foreclosure is a VERY common problem that people face today. More often than not it starts from one missed payment which the spirals out of control. Before you know it you have missed three or four payments and the lender/ bank wants you to pay everything you owe all at once. Now the home owner panics and is looking for some type of “help”. This is the mindset that sets someone up to become a statistic to a scam artist.This is when the swindlers and crooks find their way into your mailbox or give you a call.

by Doc Schmyz Home foreclosure is a VERY common problem that people face today. More often than not it starts from one missed payment which the spirals out of control. Before you know it you have missed three or four payments and the lender/ bank wants you to pay everything you owe all at once. Now the home owner panics and is looking for some type of “help”. This is when the swindlers and crooks find their way into your mailbox or give you a call. Foreclosure scams are as common as the problem itself.

The escalating number of California homeowners in distress and seeking help with their mortgage has unfortunately led to a sharp rise in loan modification scams. In recent months, the California Department of Real Estate has issued several consumer alerts, warning of companies that promise to provide loan modification help, charge consumers thousands of dollars for that help and then fail to provide it. So, if you’re a homeowner in financial distress, what can you do to avoid these scams? First, if you can do the loan modification yourself, do it.

by Doc Schmyz Home foreclosure is one of the greatest fears of families due to debt. Even though this is true we often take our bills for granted in favor of our credit cards. Before we know it bills have easily stacked up and we end up not knowing who to pay first to stop the calls, and the current economy is not making this situation any easier. Even though your house is being foreclosed there are still legal procedures to follow. Your lender can’t just kick you out of the house.

by Doc Schmyz Home foreclosure is one of the greatest fears of families due to debt. Even though this is true we often take our bills for granted in favor of our credit cards. Before we know it bills have easily stacked up and we end up not knowing who to pay first to stop the calls, and the current economy is not making this situation any easier. Even though your house is being foreclosed there are still legal procedures to follow. Your lender can’t just kick you out of the house.

If you are one of the millions of people who are facing extremely tough situations with your home mortgage, this website might help you out a ton! Here are some helpful tips/tools I found while browsing the site: Self Assessment Tool   This tool helps you determine if you are eligible for Home Affordable Refinancing or Home Affordable Modification .

Granted, this is not advice you’re about to hear every day when you embark on a postcard mailing. But it is, in my experience, some of the most valuable experience around. I adapted this very clever idea from a journalism professor I had in college who had worked for The New York Times. I figured if it was good enough for him (as well as The New York Times); it was definitely good enough for me.

by Mark Bradley Do you find it so exhausting preparing your real estate postcard marketing materials? Let me share with you a useful advice on how to make your postcard mailing a lot simpler. The most common problem we encounter when writing our real estate marketing copy is how to properly relay our thoughts to written words. Sometimes even if we already have an idea about the message we want to tell our potential customers, we still find it hard to translate them into proper order.

   Foreclosure backlog grows in O.C.- posted by Mathew Padilla – First the good news: The ratio of foreclosed properties in Orange County on the books of banks dipped to 0.5% of all home loans in the county in May, from 0.8% in both April ‘09 and May ‘08, according to First American CoreLogic.  … Now [...]

Often times I will get inquiries about how to market clients that are late on their mortgage, but have not received an formal NOD. The main issue is NOD lists tend to have a low conversion rate. Nearly all of the time low conversion rates are ascribed to the data becoming public at a particular point. In which case the market gets overloaded with telemarketing, direct marketing and flyers. Some Other reason is that most of the time the borrower is so far along in the foreclosure process they are already nearly moved out and have forfeited on redeeming their house or credit.

Medical, foreclosure crisis ends Atwater couple’s dreams of easy … Merced Sun-Star Their home fell into foreclosure and they moved in with their middle daughter, Karen. The bank sold their house a few months later for $250000, … Medical, foreclosure crisis ends Atwater couple’s dreams of easy … Merced Sun-Star all 3 news articles »

Medical, foreclosure crisis ends Atwater couple’s dreams of easy … Merced Sun-Star Their home fell into foreclosure and they moved in with their middle daughter, Karen. The bank sold their house a few months later for $250000, … Medical, foreclosure crisis ends Atwater couple’s dreams of easy … Merced Sun-Star all 2 news articles »

Default Research (www.defaultresearch.com), a trusted and premier provider of pre foreclosure listings, is reporting in their Metro Market Report™ that foreclosures on average increased 17 percent from May 2009 to June 2009. Riverside County, California, which is part of the Default Research service area that covers seven of the top ten counties in the United States, had the hig…

Judge finds for homeowner over foreclosure scam Baltimore Sun A Baltimore homeowner who lost his house in a foreclosure assistance scam was awarded a $63908 judgment Monday in Baltimore County Circuit Court. …

Judge finds for homeowner over foreclosure scam Baltimore Sun A Baltimore homeowner who lost his house in a foreclosure assistance scam was awarded a $63908 judgment Monday in Baltimore County Circuit Court. …

If you are a brand new real estate investor, you are probably raising that brow and not surprisingly so. With the economy in shambles, people jobless or homeless and homes abandoned and neighborhoods nearly like ghost towns, the evening news would easily make you believe the real estate and mortgage industries are dead for the time being. That’s simply untrue. Despite the economic downturn, now is an excellent time to buy or flip property. People are buying. And why not? If you have the money, there are plenty of cheap buys.

The economy’s been on a rollercoaster ride of epic proportions, and economists are calling this the worst recession since the end of the Great Depression at the start of World War II. These economic straits have naturally put many homeowners in a position where they must sell their home in order to forestall even more dire circumstances. In this regard, there are keys for how to short sale your home in order to avoid those circumstances.

Las Vegas, Henderson, Clark County and North Las Vegas have been coordinating their moves so that they can obtain $367 million from the second round of funding from the Neighborhood Stabilization Program, a federal program launched to help government foreclosure mitigation programs. Local officials have been accelerating team effort to … foreclosure listings Location: Allen Park Foreclosure, Wayne – MI, Address: Arlington Ave, Zipcode: 48101, Code: 24533007, Style: Residential,

Buying properties in foreclosure can be a difficult process, unless you can move quickly and work well with the property owners. During the foreclosure process, there are many opportunities for the current homeowner to make payment to pull themselves out of the debt and foreclosure process. The problem for many of these homeowners is that getting a month behind on their mortgage is simply too much to overcome. Now, to be caught up they have to pay two months at once, plus late fees.

US mulling mortgage aid for unemployed – Reuters Reuters US mulling mortgage aid for unemployed Reuters NEW YORK/WASHINGTON (Reuters) – President Barack Obama is mulling new ways to delay foreclosure for jobless homeowners … and more » Related posts: US Congress watchdog faults Obama mortgage plan – Reuters Philadelphia program fights mortgage foreclosure – Reuters Mortgage rates drop to new low, foreclosures up – Reuters

Foreclosure help available to more homeowners The Obama administration is expanding a program to stave off foreclosure for borrowers who owe more than their homes are worth.

Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development(HUD) has announced that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a down payment. Donovan’s remarks came in an address to several thousand Realtors® at The Real Estate Summit: Advancing the U.S. Economy, a special daylong session at the Realtors® Midyear Legislative Meetings & Trade Expo in Washington DC.

Many homeowners seem to judge that they will have a very strenuous time of wholesale a home after facing foreclosure or having to file liquidation unusually if the home went all the way over the method and was lost at a sheriff sale. still this fear is, for the most part, unsupported and even earlier foreclosure sufferers should be able to make the grade for a new advance contained by a few years of the occurrence There is at least one little-discussed way of qualifying for a new advance that home buyers ought to be more aware of, more than ever if they have a short time ago gone out of impoverishment or the route of trailing a home to foreclosure.

Mr Mortgage upon Loan Mods, TARP & Home Sales … foreclosures housing predicament subprime FDIC foreclosure Alt-A debt defaults

Sorry for the lake of posting over the last week, after Mouse died, we had to throw ourselves into a full household move to a new place here in Round Rock.  I was also without Internet service for a week.Nicole, me and some of our really good friends spent the 4th of July weekend lugging our crap to a new house that we rented on the east side of I-35 here in Round Rock.  Nicole and I had long suspected that the guy who owned our house was losing it to foreclosure and when he started getting