WARNING: Why Buying A Foreclosed Home Is Not A Guarantee Of Savings

Sure it may be less expensive, but buying a foreclosed home is not for the faint of heart, nor is it for the novice home buyer. Potential problems could severely limit the cost savings you may have gained from purchasing a foreclosure rather than an existing or even a new home.

Foreclosed Homes Prove Tempting Targets For Thieves

Foreclosed homes have become a big target for thieves, tempted by such easy pickings as left-behind appliances, bits of copper, electrical fittings and anything else they can find in properties left vacant. One of the most common scams, brought to the attention of real estate professionals by the National Association of Realtor’s Memphis branch, is […]

Couple Threaten Bank With Foreclosure

A couple in Florida have threatened to “foreclose” on the Bank of America after it wrongly foreclosed on their own home – which they didn’t even have a mortgage for – they paid in cash!   The mix-up happened when the couple, Warren and Maureen Nyerges, bought themselves a foreclosed home in Naples back in […]

Full Recovery a Long Way Off Say Most Americans

A full recovery in the US housing market won’t happen for at least another three years, or maybe even longer, say 54% of Americans surveyed by Trulia and Realty Trac last year.   The survey, which was designed to evaluate American’s attitudes to real estate, home ownership and the foreclosure crisis, was a great deal […]

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