There are so many fronts to the foreclosure crisis that it’s now becoming difficult to stay on top of all of them.
One development Monday that didn’t get the attention it deserved is the fact that Bank of America is now eating title insurance liability on foreclosed properties sold by its servicer. Per Bloomberg:
Bank of America’s agreement with Jacksonville, Florida- based Fidelity National calls for the lender to cover the title insurer’s costs in the event of an error in the company’s processing of foreclosure documents, Sadowski said. The bank will notify the insurer in each case that the foreclosure complies with state laws and regulations.
Bank of America is in talks with other title insurers for similar agreements, said Richard Bramhall, the bank’s chief title officer. He declined to name the other companies.
This is a big deal for several reasons:
1. The liability in case of a wrongful foreclosure is large. There is no way for the wronged borrower to get his house back, so title insurance is the only recourse. As Bob Lawless explained in Credit Slips:
…most every (or maybe even every–I’ll let someone else do the 50-state survey) state provides the strongest possible finality protections for deeds obtained through foreclosure sales. We also see similar rules for other judicially supervised sales in other contexts such as sales of personal property subject to a security interest or bankruptcy sales….
Suppose Henry and Helen Homeowner lost their home in foreclosure proceeding, and it has since been purchased by Bill and Betty Buyer. Now, Henry and Helen discover the affidavits in their foreclosure proceeding had some of the very same apparently fraudulent signatures reported in the media. When Henry and Helen complain to the court, the answer should be: “Your complaint is against Deutsche Bank (or whoever foreclosed) and not against Bill and Betty. You can recover damages from Deutsche Bank but not eject Henry and Helen from possession.” In turn, this will mean that that Bill and Betty (or their lender) will not have to look to the title insurer for recovery.
2. This means the large banks now effectively have direct exposure to borrowers for screw ups in foreclosures (note that they did earlier, in theory, but this move shortens the process of the money coming from the bank).
3. The liability is via the bank servicer. Note the Bank of American is now the largest servicer in the US (Wells is a close second) by virtue of having bought Countrywide.
4. Some contend that the risk of clouded title means that title insurers may come to require warranties from banks for all properties sold that has securitized mortgages. As Adam Levitin indicated in a Citigroup report, documentation lapses could “cloud title on not just foreclosed mortgages but on performing mortgages.”
It isn’t hard to see that other banks are likely to be required to take the same step as Bank of America, at least if they want to unload foreclosed property.
It isn’t hard to see where this is going. The biggest servicers are part of TBTF banks. The biggest trustees (the folks who were supposed to make sure that the loans all got to the securitization trust properly) are part of TBTF banks. The major structurer/packagers are now all part of TBTF banks.
Isn’t a concentrated financial services industry grand? Any time they screw up, they are too large to be made to pay for their crimes. The die was cast at the beginning of the Obama administration. It was a critical window of opportunity to take over and put new management in the weakest of the big banks (and probably force them to shed operations too) and they instead were coddled and sent back on their merry way.
I guarantee that the losses, between extend and pretend that will no longer be viable (in particular, the unrealistic marks on second mortgages) and the liabilities resulting from this colossal mess, at least one major bank will be insolvent. But the odds of the new special resolution authority being used? I put the odds at pretty much zero.
The handwriting was on the wall then. There was a new group of "lean and mean" loan originators pushing sub-prime loans even then (in the late 90's).
In those days you filled out a mortgage application, provided your tax returns and gave permission for the company to verify your information. Your file was a quarter of an inch thick.
Then the Processor went to work. S/He began sending out VOEs, VOIs, VORs, that is, Verifications of Employment, Income, Rent. S/He requested verifications of EVERYTHING, and they did so diligently ... it was their job. By the time the Processor was done, your file was about one inch thick.
Then the Underwriter went to work and reviewed everything the Processor had done for validity, and rationality that you had the income, your income was stable and fell into a livable range should you be granted the mortgage. Maybe the the Underwriter approved your loan.
Then the Closer went to work. S/He produced the documents to be signed at closing and coordinated with the Closing Agent who actually met you and had you sign the papers and verified that there was valid title to be passed. The Closing Agent was then responsible to see that the appropriate documents were recorded with the local Clerk of Court. During that period Secondary Marketing was very likely in the process of selling your loan to a large purchaser such as B of A or Citi or ... er ... Countrywide.
When you were through signing the papers your file was at least two inches thick, maybe three. The file folder holding all those documents (the order being VERY stringently required) went to the ultimate purchaser of your loan. That file folder was then THE mortgage ... it was bundled with a number of similar files by interest rate and term to approximate $1 Million dollars, plus or minus $25,000. THAT bundle of files became a bond. It was then peddled on Wall Street as a (let's say) 30 year security.
Picture it. Ten files, each three inches thick worth One Million Dollars. The documents within each of those files ARE the ASSET you the bond purchaser buys. Now ... picture what it would be like to discover that the Verification of Income wasn't there or was fraudulent for a substantial portion of the files in that Thirty inch thick bundle of files you owned and paid $1 Million for.
You just might be pissed to find that out. If you were the person living in one of the ten houses represented by that bond and you discovered that the Note you signed may have been sold to more than one bond holder, you might be pissed too.
In short ... All bets are off. I suspect things are not as dire as I just implied. But, until there is clarity and transparency ... All bets are off. This will likely shake out fine in 95% of cases ... but, right now ... ALL BETS ARE OFF.
robert shumake twitter
Election 2010: NBC <b>News</b>, MSNBC Slate Midterm Coverage Plans - TVNewser
New York – October 18, 2010 – NBC News will offer comprehensive coverage of the upcoming 2010 mid-term elections on Nov. 2 across all its platforms, including msnbc, Msnbc.com, Telemundo, NBC News Radio and NBC News Mobile. ...
The Facebook <b>News</b> Feed: How it Works,10 Biggest Secrets - The <b>...</b>
How does the social media giant decide who and what to put in your feed? Tom Weber conducts a one-month experiment to break the algorithm, discovering 10 of Facebook's biggest secrets.
Small Business <b>News</b>: BlogWorld Wrap Up
BlogWorld 2010 has come and gone with more than a few new revelations imperative to the small business community. This post will feature as kind of a wrap up of.
robert shumake hall of shame
There are so many fronts to the foreclosure crisis that it’s now becoming difficult to stay on top of all of them.
One development Monday that didn’t get the attention it deserved is the fact that Bank of America is now eating title insurance liability on foreclosed properties sold by its servicer. Per Bloomberg:
Bank of America’s agreement with Jacksonville, Florida- based Fidelity National calls for the lender to cover the title insurer’s costs in the event of an error in the company’s processing of foreclosure documents, Sadowski said. The bank will notify the insurer in each case that the foreclosure complies with state laws and regulations.
Bank of America is in talks with other title insurers for similar agreements, said Richard Bramhall, the bank’s chief title officer. He declined to name the other companies.
This is a big deal for several reasons:
1. The liability in case of a wrongful foreclosure is large. There is no way for the wronged borrower to get his house back, so title insurance is the only recourse. As Bob Lawless explained in Credit Slips:
…most every (or maybe even every–I’ll let someone else do the 50-state survey) state provides the strongest possible finality protections for deeds obtained through foreclosure sales. We also see similar rules for other judicially supervised sales in other contexts such as sales of personal property subject to a security interest or bankruptcy sales….
Suppose Henry and Helen Homeowner lost their home in foreclosure proceeding, and it has since been purchased by Bill and Betty Buyer. Now, Henry and Helen discover the affidavits in their foreclosure proceeding had some of the very same apparently fraudulent signatures reported in the media. When Henry and Helen complain to the court, the answer should be: “Your complaint is against Deutsche Bank (or whoever foreclosed) and not against Bill and Betty. You can recover damages from Deutsche Bank but not eject Henry and Helen from possession.” In turn, this will mean that that Bill and Betty (or their lender) will not have to look to the title insurer for recovery.
2. This means the large banks now effectively have direct exposure to borrowers for screw ups in foreclosures (note that they did earlier, in theory, but this move shortens the process of the money coming from the bank).
3. The liability is via the bank servicer. Note the Bank of American is now the largest servicer in the US (Wells is a close second) by virtue of having bought Countrywide.
4. Some contend that the risk of clouded title means that title insurers may come to require warranties from banks for all properties sold that has securitized mortgages. As Adam Levitin indicated in a Citigroup report, documentation lapses could “cloud title on not just foreclosed mortgages but on performing mortgages.”
It isn’t hard to see that other banks are likely to be required to take the same step as Bank of America, at least if they want to unload foreclosed property.
It isn’t hard to see where this is going. The biggest servicers are part of TBTF banks. The biggest trustees (the folks who were supposed to make sure that the loans all got to the securitization trust properly) are part of TBTF banks. The major structurer/packagers are now all part of TBTF banks.
Isn’t a concentrated financial services industry grand? Any time they screw up, they are too large to be made to pay for their crimes. The die was cast at the beginning of the Obama administration. It was a critical window of opportunity to take over and put new management in the weakest of the big banks (and probably force them to shed operations too) and they instead were coddled and sent back on their merry way.
I guarantee that the losses, between extend and pretend that will no longer be viable (in particular, the unrealistic marks on second mortgages) and the liabilities resulting from this colossal mess, at least one major bank will be insolvent. But the odds of the new special resolution authority being used? I put the odds at pretty much zero.
The handwriting was on the wall then. There was a new group of "lean and mean" loan originators pushing sub-prime loans even then (in the late 90's).
In those days you filled out a mortgage application, provided your tax returns and gave permission for the company to verify your information. Your file was a quarter of an inch thick.
Then the Processor went to work. S/He began sending out VOEs, VOIs, VORs, that is, Verifications of Employment, Income, Rent. S/He requested verifications of EVERYTHING, and they did so diligently ... it was their job. By the time the Processor was done, your file was about one inch thick.
Then the Underwriter went to work and reviewed everything the Processor had done for validity, and rationality that you had the income, your income was stable and fell into a livable range should you be granted the mortgage. Maybe the the Underwriter approved your loan.
Then the Closer went to work. S/He produced the documents to be signed at closing and coordinated with the Closing Agent who actually met you and had you sign the papers and verified that there was valid title to be passed. The Closing Agent was then responsible to see that the appropriate documents were recorded with the local Clerk of Court. During that period Secondary Marketing was very likely in the process of selling your loan to a large purchaser such as B of A or Citi or ... er ... Countrywide.
When you were through signing the papers your file was at least two inches thick, maybe three. The file folder holding all those documents (the order being VERY stringently required) went to the ultimate purchaser of your loan. That file folder was then THE mortgage ... it was bundled with a number of similar files by interest rate and term to approximate $1 Million dollars, plus or minus $25,000. THAT bundle of files became a bond. It was then peddled on Wall Street as a (let's say) 30 year security.
Picture it. Ten files, each three inches thick worth One Million Dollars. The documents within each of those files ARE the ASSET you the bond purchaser buys. Now ... picture what it would be like to discover that the Verification of Income wasn't there or was fraudulent for a substantial portion of the files in that Thirty inch thick bundle of files you owned and paid $1 Million for.
You just might be pissed to find that out. If you were the person living in one of the ten houses represented by that bond and you discovered that the Note you signed may have been sold to more than one bond holder, you might be pissed too.
In short ... All bets are off. I suspect things are not as dire as I just implied. But, until there is clarity and transparency ... All bets are off. This will likely shake out fine in 95% of cases ... but, right now ... ALL BETS ARE OFF.
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Election 2010: NBC <b>News</b>, MSNBC Slate Midterm Coverage Plans - TVNewser
New York – October 18, 2010 – NBC News will offer comprehensive coverage of the upcoming 2010 mid-term elections on Nov. 2 across all its platforms, including msnbc, Msnbc.com, Telemundo, NBC News Radio and NBC News Mobile. ...
The Facebook <b>News</b> Feed: How it Works,10 Biggest Secrets - The <b>...</b>
How does the social media giant decide who and what to put in your feed? Tom Weber conducts a one-month experiment to break the algorithm, discovering 10 of Facebook's biggest secrets.
Small Business <b>News</b>: BlogWorld Wrap Up
BlogWorld 2010 has come and gone with more than a few new revelations imperative to the small business community. This post will feature as kind of a wrap up of.
robert shumake hall of shame
robert shumake hall of shame
robert shumake twitter
Election 2010: NBC <b>News</b>, MSNBC Slate Midterm Coverage Plans - TVNewser
New York – October 18, 2010 – NBC News will offer comprehensive coverage of the upcoming 2010 mid-term elections on Nov. 2 across all its platforms, including msnbc, Msnbc.com, Telemundo, NBC News Radio and NBC News Mobile. ...
The Facebook <b>News</b> Feed: How it Works,10 Biggest Secrets - The <b>...</b>
How does the social media giant decide who and what to put in your feed? Tom Weber conducts a one-month experiment to break the algorithm, discovering 10 of Facebook's biggest secrets.
Small Business <b>News</b>: BlogWorld Wrap Up
BlogWorld 2010 has come and gone with more than a few new revelations imperative to the small business community. This post will feature as kind of a wrap up of.
robert shumake twitter
There are so many fronts to the foreclosure crisis that it’s now becoming difficult to stay on top of all of them.
One development Monday that didn’t get the attention it deserved is the fact that Bank of America is now eating title insurance liability on foreclosed properties sold by its servicer. Per Bloomberg:
Bank of America’s agreement with Jacksonville, Florida- based Fidelity National calls for the lender to cover the title insurer’s costs in the event of an error in the company’s processing of foreclosure documents, Sadowski said. The bank will notify the insurer in each case that the foreclosure complies with state laws and regulations.
Bank of America is in talks with other title insurers for similar agreements, said Richard Bramhall, the bank’s chief title officer. He declined to name the other companies.
This is a big deal for several reasons:
1. The liability in case of a wrongful foreclosure is large. There is no way for the wronged borrower to get his house back, so title insurance is the only recourse. As Bob Lawless explained in Credit Slips:
…most every (or maybe even every–I’ll let someone else do the 50-state survey) state provides the strongest possible finality protections for deeds obtained through foreclosure sales. We also see similar rules for other judicially supervised sales in other contexts such as sales of personal property subject to a security interest or bankruptcy sales….
Suppose Henry and Helen Homeowner lost their home in foreclosure proceeding, and it has since been purchased by Bill and Betty Buyer. Now, Henry and Helen discover the affidavits in their foreclosure proceeding had some of the very same apparently fraudulent signatures reported in the media. When Henry and Helen complain to the court, the answer should be: “Your complaint is against Deutsche Bank (or whoever foreclosed) and not against Bill and Betty. You can recover damages from Deutsche Bank but not eject Henry and Helen from possession.” In turn, this will mean that that Bill and Betty (or their lender) will not have to look to the title insurer for recovery.
2. This means the large banks now effectively have direct exposure to borrowers for screw ups in foreclosures (note that they did earlier, in theory, but this move shortens the process of the money coming from the bank).
3. The liability is via the bank servicer. Note the Bank of American is now the largest servicer in the US (Wells is a close second) by virtue of having bought Countrywide.
4. Some contend that the risk of clouded title means that title insurers may come to require warranties from banks for all properties sold that has securitized mortgages. As Adam Levitin indicated in a Citigroup report, documentation lapses could “cloud title on not just foreclosed mortgages but on performing mortgages.”
It isn’t hard to see that other banks are likely to be required to take the same step as Bank of America, at least if they want to unload foreclosed property.
It isn’t hard to see where this is going. The biggest servicers are part of TBTF banks. The biggest trustees (the folks who were supposed to make sure that the loans all got to the securitization trust properly) are part of TBTF banks. The major structurer/packagers are now all part of TBTF banks.
Isn’t a concentrated financial services industry grand? Any time they screw up, they are too large to be made to pay for their crimes. The die was cast at the beginning of the Obama administration. It was a critical window of opportunity to take over and put new management in the weakest of the big banks (and probably force them to shed operations too) and they instead were coddled and sent back on their merry way.
I guarantee that the losses, between extend and pretend that will no longer be viable (in particular, the unrealistic marks on second mortgages) and the liabilities resulting from this colossal mess, at least one major bank will be insolvent. But the odds of the new special resolution authority being used? I put the odds at pretty much zero.
The handwriting was on the wall then. There was a new group of "lean and mean" loan originators pushing sub-prime loans even then (in the late 90's).
In those days you filled out a mortgage application, provided your tax returns and gave permission for the company to verify your information. Your file was a quarter of an inch thick.
Then the Processor went to work. S/He began sending out VOEs, VOIs, VORs, that is, Verifications of Employment, Income, Rent. S/He requested verifications of EVERYTHING, and they did so diligently ... it was their job. By the time the Processor was done, your file was about one inch thick.
Then the Underwriter went to work and reviewed everything the Processor had done for validity, and rationality that you had the income, your income was stable and fell into a livable range should you be granted the mortgage. Maybe the the Underwriter approved your loan.
Then the Closer went to work. S/He produced the documents to be signed at closing and coordinated with the Closing Agent who actually met you and had you sign the papers and verified that there was valid title to be passed. The Closing Agent was then responsible to see that the appropriate documents were recorded with the local Clerk of Court. During that period Secondary Marketing was very likely in the process of selling your loan to a large purchaser such as B of A or Citi or ... er ... Countrywide.
When you were through signing the papers your file was at least two inches thick, maybe three. The file folder holding all those documents (the order being VERY stringently required) went to the ultimate purchaser of your loan. That file folder was then THE mortgage ... it was bundled with a number of similar files by interest rate and term to approximate $1 Million dollars, plus or minus $25,000. THAT bundle of files became a bond. It was then peddled on Wall Street as a (let's say) 30 year security.
Picture it. Ten files, each three inches thick worth One Million Dollars. The documents within each of those files ARE the ASSET you the bond purchaser buys. Now ... picture what it would be like to discover that the Verification of Income wasn't there or was fraudulent for a substantial portion of the files in that Thirty inch thick bundle of files you owned and paid $1 Million for.
You just might be pissed to find that out. If you were the person living in one of the ten houses represented by that bond and you discovered that the Note you signed may have been sold to more than one bond holder, you might be pissed too.
In short ... All bets are off. I suspect things are not as dire as I just implied. But, until there is clarity and transparency ... All bets are off. This will likely shake out fine in 95% of cases ... but, right now ... ALL BETS ARE OFF.
robert shumake detroit
robert shumake twitter
Election 2010: NBC <b>News</b>, MSNBC Slate Midterm Coverage Plans - TVNewser
New York – October 18, 2010 – NBC News will offer comprehensive coverage of the upcoming 2010 mid-term elections on Nov. 2 across all its platforms, including msnbc, Msnbc.com, Telemundo, NBC News Radio and NBC News Mobile. ...
The Facebook <b>News</b> Feed: How it Works,10 Biggest Secrets - The <b>...</b>
How does the social media giant decide who and what to put in your feed? Tom Weber conducts a one-month experiment to break the algorithm, discovering 10 of Facebook's biggest secrets.
Small Business <b>News</b>: BlogWorld Wrap Up
BlogWorld 2010 has come and gone with more than a few new revelations imperative to the small business community. This post will feature as kind of a wrap up of.
robert shumake twitter
robert shumake hall of shame
Election 2010: NBC <b>News</b>, MSNBC Slate Midterm Coverage Plans - TVNewser
New York – October 18, 2010 – NBC News will offer comprehensive coverage of the upcoming 2010 mid-term elections on Nov. 2 across all its platforms, including msnbc, Msnbc.com, Telemundo, NBC News Radio and NBC News Mobile. ...
The Facebook <b>News</b> Feed: How it Works,10 Biggest Secrets - The <b>...</b>
How does the social media giant decide who and what to put in your feed? Tom Weber conducts a one-month experiment to break the algorithm, discovering 10 of Facebook's biggest secrets.
Small Business <b>News</b>: BlogWorld Wrap Up
BlogWorld 2010 has come and gone with more than a few new revelations imperative to the small business community. This post will feature as kind of a wrap up of.
robert shumake detroit
Election 2010: NBC <b>News</b>, MSNBC Slate Midterm Coverage Plans - TVNewser
New York – October 18, 2010 – NBC News will offer comprehensive coverage of the upcoming 2010 mid-term elections on Nov. 2 across all its platforms, including msnbc, Msnbc.com, Telemundo, NBC News Radio and NBC News Mobile. ...
The Facebook <b>News</b> Feed: How it Works,10 Biggest Secrets - The <b>...</b>
How does the social media giant decide who and what to put in your feed? Tom Weber conducts a one-month experiment to break the algorithm, discovering 10 of Facebook's biggest secrets.
Small Business <b>News</b>: BlogWorld Wrap Up
BlogWorld 2010 has come and gone with more than a few new revelations imperative to the small business community. This post will feature as kind of a wrap up of.
robert shumake hall of shame
Election 2010: NBC <b>News</b>, MSNBC Slate Midterm Coverage Plans - TVNewser
New York – October 18, 2010 – NBC News will offer comprehensive coverage of the upcoming 2010 mid-term elections on Nov. 2 across all its platforms, including msnbc, Msnbc.com, Telemundo, NBC News Radio and NBC News Mobile. ...
The Facebook <b>News</b> Feed: How it Works,10 Biggest Secrets - The <b>...</b>
How does the social media giant decide who and what to put in your feed? Tom Weber conducts a one-month experiment to break the algorithm, discovering 10 of Facebook's biggest secrets.
Small Business <b>News</b>: BlogWorld Wrap Up
BlogWorld 2010 has come and gone with more than a few new revelations imperative to the small business community. This post will feature as kind of a wrap up of.
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robert shumake detroit
robert shumake detroit
Election 2010: NBC <b>News</b>, MSNBC Slate Midterm Coverage Plans - TVNewser
New York – October 18, 2010 – NBC News will offer comprehensive coverage of the upcoming 2010 mid-term elections on Nov. 2 across all its platforms, including msnbc, Msnbc.com, Telemundo, NBC News Radio and NBC News Mobile. ...
The Facebook <b>News</b> Feed: How it Works,10 Biggest Secrets - The <b>...</b>
How does the social media giant decide who and what to put in your feed? Tom Weber conducts a one-month experiment to break the algorithm, discovering 10 of Facebook's biggest secrets.
Small Business <b>News</b>: BlogWorld Wrap Up
BlogWorld 2010 has come and gone with more than a few new revelations imperative to the small business community. This post will feature as kind of a wrap up of.
robert shumake twitter
Houses are one of the most popular types of real estate investments. Even when the real estate market is in a slump, housing prices eventually turn upward and create a profit for the homeowner or investor.
In today's market, millions of houses have fallen into foreclosure. A vast majority are priced under market value. In fact, experts report housing prices have decreased nearly ten percent nationwide. Many U.S. cities have reported housing prices have plummeted by nearly twenty percent. Add in the vast number of foreclosure houses and it is easy to see a very bleak real estate market.
In reality, the abundance of foreclosure houses combined with low-interest mortgage loans and decreased market value has created a buyer's market. Many investors and first-time home buyers are seizing the opportunity to invest in distressed properties such as foreclosure and real estate owned (REO) houses.
Purchasing foreclosure houses can be a rewarding and profitable experience. However, distressed properties usually come with their fair share of headaches and challenges. The majority of foreclosure and REO houses require considerable repairs or renovations. Some have sat vacant for several years and been subjected to neglect or vandalism. Unless you plan on keeping the property for a minimum of five to ten years, or are a professional house-flipper, investing in foreclosure houses might not be the best strategy at this time.
Prior to investing in foreclosure houses, real estate experts advise buyers to conduct market research. Comparable pricing of houses sold in the area within the past six months can be obtained via the Internet or through a Realtor. The goal of investing in foreclosure houses is to purchase them significantly below market value. If this cannot be accomplished, it's probably best to pass on the deal. Once you locate property of interest it is recommended to obtain a professional inspection and appraisal.
Bank foreclosures are usually a less risky investment option. When houses are not sold through auction they are returned to the bank. Oftentimes, houses offered through foreclosure auctions have creditor and tax liens attached to them. When the bank retains ownership of these properties, the liens are removed and the house is given a clean title.
In some instances, the bank makes repairs and prepares foreclosure houses for sale. These expenses are added into the sale price and are usually priced higher than houses sold through auction. However, investing in bank-owned foreclosures is generally less stressful than investing in foreclosure houses sold through auction because all the legal aspects have already been taken care of by the bank.
The majority of bank owned foreclosure houses are sold "as-is" and repair costs are left to the buyer. In order to obtain the best deal, you'll need to visit REO properties and assess condition of the property.
Although REO houses typically have a higher price tag than foreclosures sold through auction, they are generally a better deal and can save you a tremendous amount of time. With bank owned properties you won't have to waste time or money removing liens. Nor, will you encounter the possibility of having to evict the previous homeowner, which is sometimes associated with foreclosures sold through auction.
Investing in houses in today's shaky real estate market can be risky, but it can also lead to massive profits in the long-term. By investing in foreclosures today, you can take advantage of reduced prices and interest rates. Not to mention there are plenty of houses to choose from. If you decide to wait until the market rebounds, the deals won't be as lucrative.
Only you can decide if investing in foreclosure houses is the best option for you. Take time to engage in due diligence and conduct market analysis to determine if you are truly getting a good deal. Seriously consider the investment opportunity when houses are priced 20- to 30-percent under market value.
robert shumake detroit
Election 2010: NBC <b>News</b>, MSNBC Slate Midterm Coverage Plans - TVNewser
New York – October 18, 2010 – NBC News will offer comprehensive coverage of the upcoming 2010 mid-term elections on Nov. 2 across all its platforms, including msnbc, Msnbc.com, Telemundo, NBC News Radio and NBC News Mobile. ...
The Facebook <b>News</b> Feed: How it Works,10 Biggest Secrets - The <b>...</b>
How does the social media giant decide who and what to put in your feed? Tom Weber conducts a one-month experiment to break the algorithm, discovering 10 of Facebook's biggest secrets.
Small Business <b>News</b>: BlogWorld Wrap Up
BlogWorld 2010 has come and gone with more than a few new revelations imperative to the small business community. This post will feature as kind of a wrap up of.
robert shumake detroit
Election 2010: NBC <b>News</b>, MSNBC Slate Midterm Coverage Plans - TVNewser
New York – October 18, 2010 – NBC News will offer comprehensive coverage of the upcoming 2010 mid-term elections on Nov. 2 across all its platforms, including msnbc, Msnbc.com, Telemundo, NBC News Radio and NBC News Mobile. ...
The Facebook <b>News</b> Feed: How it Works,10 Biggest Secrets - The <b>...</b>
How does the social media giant decide who and what to put in your feed? Tom Weber conducts a one-month experiment to break the algorithm, discovering 10 of Facebook's biggest secrets.
Small Business <b>News</b>: BlogWorld Wrap Up
BlogWorld 2010 has come and gone with more than a few new revelations imperative to the small business community. This post will feature as kind of a wrap up of.
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