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January Foreclosure Activity Slows Down

Foreclosure activities slowed down in January from a year ago as the number of households that receive default notices fell during the same period. According to Bob Massey of REWealthCoach.com, RealtyTrac statistics have shown that although foreclosure filings climbed by 1% from December 2010 to January, they declined by 17% from last year. He adds that only 75,178 homeowners received default notices last month. The figure was said to be the smallest since July 2007. Read the rest of Bob’s article to learn more.

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Securing Profitable Properties – A Beginner’s Guide To Attending Foreclosure Auctions

If you’re new to the real estate investing game and are interested in making money from foreclosed properties, Trevor of TheREIBrain.com has valuable information that you should see. In his latest post, he discusses what every real estate investor should know about buying repossessed homes as he “demystifies” the foreclosure auction process. What are the things you need to remember when obtaining investment properties from an auction? Check out Trevor’s newest blog entry to find out.

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High Foreclosure Rates To Last For 5 More Years, Experts Predicted

Industry experts have recently predicted that the housing market will be saddled with high foreclosure rates for five more years. According to Bob Massey of REWealthCoach.com, TrimTabs Investment Research and Baker Avenue Asset Management said it would take four to six years before we see a considerable decline in the number of distressed properties. Economists believe that this will significantly affect the full recovery of the housing market. Read the rest of Bob’s most to learn more.

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“Improper” Foreclosure NOD Filings Exposed

It looks like the highly controversial “robo-signing” scandal is far from over. Citing an article from the “American Banker,” Bob Massey of REWealthCoach.com reveals that some Notice of Default (NOD) filings in several non-judicial states have been “improper.” According to him, the article reported that several bank employees signed NODs without even verifying if there was indeed a default. Check out Bob’s post to learn more about this story.

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51% Of U.S. Foreclosures Come From 5 States

Did you know that a bulk of foreclosures in the U.S. came from only five states? Citing data from Canadian rating service DBRS, Bob Massey of REWealthCoach.com reveals that 51% of U.S. foreclosures in 2010 occurred in Arizona, California, Florida, Illinois, and Michigan. He says about 1.5 million properties were repossessed in these states last year. Read on to learn more.

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Shadow Inventory Will Slow Housing Market Recovery, S&P Warns

You might probably have heard of this already but Standard & Poor’s (S&P) has recently revealed that real estate prices are expected to decline further because of distressed properties. According to Cory Boatright of ShortSaleFundamentals.com, S&P said the shadow inventory of distressed homes will impede with the recovery of the housing market. Because the rate of defaults and foreclosures is higher than the rate of home purchases, it would reportedly take a long time before we can see a huge improvement in the housing market. Read on to learn more.

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The Ins And Outs Of Investing In Tax Lien Certificates

Although investing in tax lien certificates are not as popular as wholesaling or rehabbing homes, Justin McClelland of JustinMcClelland.com strongly believes that you can make a good income from this particular real estate investing niche. In his latest post, he talks about the essentials of investing in tax lien certificates. If you’re looking for a great way to make money as a real estate investor, you should check out Justin’s post now because you might learn something new and profitable.

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Foreclosure Inventory Almost 8 Times Bigger Than Historic Average

It seems that it would take a long time before we see a decline in the number of distressed properties. Citing data from Lender Processing Services, Bob Massey of REWealthCoach.com reveals that the U.S. inventory of foreclosed properties is 7.7 times higher than the historic average. Recent reports also showed that the number of distressed properties have increased over the last five months. Read on to learn more.

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Consumer Groups, Lawmakers Oppose TILA Revision

Consumer advocacy groups and lawmakers have joined hands to voice their opposition to the proposed revision of the Truth-in-Lending Act or TILA. According to Cory Boatright of ShortSaleFundamentals.com, the revision would make it more difficult for borrowers to enforce their rights under TILA, which allows foreclosures to be stopped if the lender has been found guilty of not properly disclosing the terms of a loan. Discover the other possible ramifications of the proposed TILA revision by reading the rest of Cory’s article now.

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HAMP Records More Botched Loan Mod Requests

Apparently, many loan servicers have failed to help many homeowners keep their properties. According to Bob Massey of REWealthCoach.com, the December HAMP Scorecard showed that failed trials and loan modification requests have increased by 22%. It was also revealed that the largest loan mod backlogs were held by the Bank of America with 73,185, followed by JP Morgan Chase and Citi Mortgage. Read on to learn more.

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49% Of Americans Willing To Buy Foreclosed Homes, Survey Shows

A recent survey has revealed that more and more Americans are open to the idea of buying foreclosed properties. Citing data from a joint study conducted by Trulia and RealtyTrac, Bob Massey of REWealthCoach.com reveals that 49% of those who were surveyed said they are willing to buy foreclosed homes. The figure jumped from 45% in May. The survey also showed that many consumers are increasingly aware of some of the disadvantages of investing in foreclosures. Check out Bob’s post to read the rest of the article.

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Distressed Properties Account For 25% Of Home Sales, RealtyTrac Says

It looks like more and more home buyers are realizing the value of buying distressed properties. According to Bob Massey of REWealthCoach.com, distressed homes accounted for 25% of total home sales in the third quarter of the year. Base on data released by RealtyTrac, the number of properties that were sold through short sales and foreclosure auctions, as well as purchased bank owned homes stood at 181,748. Check out the rest of Bob’s article to learn more.

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11 Things You Need To Know About Investing In Foreclosures

One of the best ways to obtain affordable real estate investments is to buy foreclosures. Unlike brand new and pre-existing homes, foreclosed properties are being sold with huge discounts. But before you purchase foreclosures, make sure that you’ve done your homework well because as you may know, foreclosed properties are not always in the best condition. If you’re interested in becoming a foreclosure investor, you should check out Tom Domijan’s latest post on TomDomijan.com. In his article, he shares 11 pointers on buying and selling foreclosed homes. Take a look at his post and discover what these valuable hints and tips are.