Tag Archives: foreclosure

4 out of 10 Recent Buyers Used FHA Loans — New York Real Estate

According to the most recent REALTORS® Confidence Index, 39 percent of recent buyers purchased a home with a Federal Housing Administration-insured loan. REALTORS® who took part in the November survey also reported that the number of first-time home buyers continued … Continue reading

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How long does a foreclosure stay on your credit report?

With all the foreclosures sprouting up, struggling homeowners that are either going through the process or teetering on the brink may be wondering what the repercussions are. With regards to credit, foreclosure is a very serious delinquency, and one that … Continue reading

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Foreclosure Opens Windows For Investors

There’s an old saying that suggests that opportunity is where you find it. Note that it doesn’t say “where it finds you”. This old saying could easily be the mantra of the foreclosure investor. To such an investor, finding a great foreclosure property … Continue reading

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Foreclosures: Bargains Or Money Pits?

Buying a foreclosure (FCL), or a property that the bank has taken away from the owner because he or she stopped paying the mortgage, is often touted as a way for both owner-occupants and investors to get a great deal … Continue reading

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