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The Pre-Foreclosure Property Investors Kit

Big Money in Real Estate Foreclosures

 

How To Profit From The Coming Real Estate Bust
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106 Mortgage Secrets All Homebuyers Must Learn-But Lenders Don't Tell
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Bubbles, Booms & Busts
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Boom Bust: Home Prices, Banking, and the Depression of 2010
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The 2nd Great Depression: Starting 2007, Ending 2020
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Refi Bust: Mortgage Brokers Gone Wild!
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House Poor: How to Buy and Sell Your Home Come Bubble or Bust
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The 106 Common Mistakes Homebuyers Make (and How to Avoid Them)
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The Coming Crash in the Housing Market : 10 Things You Can Do Now to Protect Your Most Valuable Investment
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Pop!: Why Bubbles Are Great For The Economy
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Cash in on the Coming Real Estate Crash: How to Protect Yourself From Losses Now, and Turn a Profit After the Bubble Bursts
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Timing the Real Estate Market : How to Buy Low and Sell High in Real Estate
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Collection Agency Harassment: What the Debt Collector Doesn't Want You to Know
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Debt Collection Secrets: Everything the Debt Collector Doesn't Want You to Know
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Grow Rich with the Property Cycle
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Property Management for Dummies
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How to Invest in Rental Properties: Without Mortgaging Your Soul
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Mortgage Encyclopedia: An Authoritative Guide to Mortgage Programs, Practices, Prices and Pitfalls
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The First-time Homeowner's Survival Guide: A Crash Course in Dealing With Repairs, Renovations, Property Tax Issues, and Other Potential Disasters
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Federal Reserve Policy Destroys the Value of Your Savings
 by 2008 presidential hopeful
 Ron Paul

Don't Blame the Market for Housing Bubble
 by Ron Paul
. See How Lenders See Your FICO Score.

 

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News Archives
July 2008

Monday, July 14, 2008

'Middle class' millionaires facing foreclosure
Bizjournals.com, NC
During the housing bubble, such loans were popular because they typically required no or little documentation for a borrower's mortgage application - an ...

Senate Approves $300 Billion Plan to Stem Housing Foreclosures
Bloomberg
The legislation, approved 63-5 today, would let an estimated 400000 struggling homeowners avoid foreclosure by refinancing their subprime mortgages into ...

Subprime Crisis Again in the Spotlight as the Meltdowns of Fannie Mae
and Freddie Mac Fuel Fears of a Deeper Downturn
Money Morning 

Fed set to OK rule forcing lenders to verify subprime income ...
Forbes, NY 

Foreclosure crisis extends to wealthy areas
News Courier, AL
(AP) — After plaguing modest neighborhoods for more than a year, the foreclosure crisis is starting to spread into affluent areas. ...

Landlords defaulting, and renters suffer
Charlotte Observer, NC
Homeowners displaced by foreclosures have received much attention. But legal and housing experts estimate at least one of every four homes in foreclosure in ...

Baltimore home prices sink lower than 2005 levels!
Average home prices dropped to three- or even four-year lows in parts of the metro area last month as sales continued to slump. Baltimore County's average price of about $296,700, down 9 percent from a year ago, is now slightly lower than it was in June 2005. Howard County, where prices dropped nearly 13 percent from a year earlier to $426,200, is thousands below the June 2005 mark.
Foreclosures mount as area home prices drop
Baltimore Sun, United States 

No relief in sight in housing crisis
TMCnet

US housing woes: Celebrity foreclosures
International Herald Tribune, France
Several celebrities have dealt with foreclosure issues on their luxurious estates and many more have had to drop their asking prices, putting some ...

Appraisers Accused Of Over-Inflating Home Values
WFtv.com, FL 

May home values down 14%, value drops 15% (FL)
Bizjournals.com, NC
Orlando homes sales and prices continued to fall in May, with a 14 percent decline in sales and 15 percent slide in home values from the same month a year ...

Home values down, taxes up. You do the math
Business Gazette, MD
Recently, I got a bill for my 2008 property taxes for my home. Although the price of my home has gone down nearly 20 percent in the past year my tax bill ...

DC area home prices fall again
Bizjournals.com, NC
A new survey of major metropolitan areas in the US shows home values fell in most markets including the DC area in April. Home values were down in 23 out of ...

ZipRealty.com Unveils "Price Me Now" Real Estate Prediction Game
CNNMoney.com - 4 hours ago
"We're excited to introduce the 'Price Me Now' game for members of the ZipRealty.com community to help predict home prices in their local markets," said ...

Area home prices hit 8-year low (MI)
Home prices have hit an eight-year low in Washtenaw County, with the average house selling for just a few thousand dollars more than it did in 2000, according to newly released figures.
The Ann Arbor News - MLive.com, MI

Paul Krugman: If Bush's policies aren't responsible for bad economy, what is?
Dallas Morning News, TX 

Bottom's Up: This Real-Estate Rout
Barron's
TODAY'S HOUSING BUST IS unique in US economic history. It began in good, not bad, economic times, and has proven to be national rather than regional in ...

You Don't Own Real Estate - It Owns You
SeekingAlpha

Tuesday, July 08, 2008

Housing Bust Slowing Population Growth (WA)
Seattle Bubble, WA
Aubrey Cohen reports on some interesting population growth data just released by the state Office of Financial Management. …difficulty selling homes ...

Home Prices Fall in 23 of 25 U.S. Metropolitan Areas
Bloomberg.com

Foreclosures to rise whoever wins White House
The Associated Press
WASHINGTON (AP) — Home foreclosures will keep rising next year no matter who is elected president in November. Even the optimism that surrounds a new ...

Fed to Clamp Down on Exotic and Subprime Loans
New York Times, United States
With no end in sight to the turbulence in the housing and financial markets, the chairman of the Federal Reserve said on ...

The Continuous Housing Free Fall
The Washington Independent

Property owners balk at low bids at Florida housing auction
PalmBeachPost

Credit Crisis wipes $1 trillion from financial stocks
Yahoo! News

Market leaves housing flippers flopping
tampabay.com

Rent signs filling front yards
dailybulletin.com

Debt collectors on the rampage
money.cnn.com

Monday July 07, 2008

Foreclosures to rise whoever wins White House
Danville News, PA
Even the optimism that surrounds a new president taking office can't resurrect home values overnight, and presidents have no direct ability to reduce rising ...

Subprime's hottest spinoff: arson
National Post, Canada
The subprime housing meltdown in the United States is triggering fears of a hot spin-off: arson. Mortgage defaults are growing at their fastest rate in ...

This Weeks Biggest Loser: San Jose, CA
Median asking price sinks over $7,000 in past 7-days!
HousingTracker.net: Median Home Asking Price & Inventory Data for San Jose, California
HousingTracker

More HOA Pitfalls!
"The homeowner that pays their monthly, quarterly, their annual dues gets stuck picking up the slack for those homeowners who haven't paid," said Sheri Scarborough of Prime Management Group. "They also get stuck with the bills of maintaining the homes, in some cases boarding up the homes. So it's the good homeowner who suffers."
Homeowners Absorb Debt From Foreclosures
WPBF.TV

Pinellas failed to learn real estate lessons of 1920s
St. Petersburg Times

Bitter lessons learned from refinancing
 Los Angeles Times

Tell others about your bad neighbor
Middletown Journal, OH
Area foreclosures are marked with yellow houses. It is recommended that users do not post specific addresses, but streets, Walker said. ...
Ohio Housing Market Sees Red
ConnieTalk, Ohio
Foreclosures have hit Ohio hard, and employment is falling: Ohio has the second worst job market out of 16 politically charged states. ...
 
1 house plus 2 owners equals big mess
Boston Herald, United States
As foreclosures mount statewide, the courtroom conflict about Morris’ former home offers a cautionary tale to distressed homeowners and to prospective ...

Home values fed spiraling card debt
Indianapolis Star, United States
At the peak of the housing boom, April Lewis-Parks' three-bedroom house in Fort Lauderdale doubled in value. ...

May home values down 14%, value drops 15% (FL)
Bizjournals.com, NC
Orlando homes sales and prices continued to fall in May, with a 14 percent decline in sales and 15 percent slide in home values from the same month a year ...

The Home-Equity Door Slams Shut
Washington Post, United States

Tax bills going up, home values going down
Indianapolis Star, United States
The problem is that, while assessed values are increasing, actual home values are declining. There are both short-term and longer-term reasons for that ...

Home buyers waiting as rates rise, prices fall (MN)
Minneapolis Star Tribune, MN
With home prices falling in many communities -- the median home sale price in the Twin Cities metro area fell almost 10 percent in May -- many borrowers are ...

Connecticut Home Prices See Steepest Drop In 16 Years
Hartford Business
Even more troubling were the median prices, which for homes sold in May were down 10.8 percent from May 2007. It was the first time prices fell by ...

Foreclosures on pace to double
Orlando Sentinel, FL
They were caught with property they couldn't afford when the housing bubble burst. But more recently, people receiving foreclosure notices are victims of ...
 
Housing Expert and Former Goldman Sachs Banker Calls Current
Financial Crisis a "Criminal" Enterprise on FOX News
John R. Talbott, best selling author of 2003's "The Coming Crash in the Housing Market" and his new book, "Obamanomics: How Bottom-Up Economic Prosperity Will Replace Trickle-Down Economics," said on FOX News today that the current housing, mortgage and banking crisis was a vast criminal enterprise.
Market Wire (press release)

Housing Bust Hurts Once-Immune Cities (NY)
The average price for a Manhattan apartment fell 2 percent in the second quarter to $1.66 million, according to Halstead Property, a New York real estate firm that tracked 2,988 apartment sales.
ABC News

 

 

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