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Senate Passes Homebuyer Tax Credit Extension

The Senate has passed a bill to give homebuyers another three months to close on their homes and receive tax credits up to $8,000. The Tax Extenders Bill would apply to homebuyers who met the April 30, 2010 deadline with a signed contract to purchase a new or existing primary residence. The amendment would extend the deadline to September 30, 2010 for homebuyers to close on their real estate trans... Read more

New York Times says Lucrative Fees May Deter Efforts To Alter Loans

It is just something that these services from title to close to fee collection is vertically integrated and owned by banks and mortgage servicers. Wow, what a spiral. Makes you wonder if buying a foreclosure is a good idea, maybe buy directly from the seller in distress before the bank gets it. Hit me up with your thoughts below. NYT: Fees may deter efforts to alter loans Many mortgage compani... Read more

Should you take the REO Bus Tour?

Now is the time to buy area investment properties! Why? Buy low and sell high is how you succeed in real estate. Don't follow the pack that is running away from real estate. The adjustment to area home prices and the continued cooperation of low interest rates makes 2009 the perfect time to buy an investment property. Now you can use a conventional loan, private money or hard money loa... Read more

Investors Fight Foreclosure On Their Own

I read a recent post by Kathleen Doler on Investor's Business Daily about investors struggling to make mortgage payments and whether they should get foreclosure writedowns.  I think the same rules should apply to both investors and primary home owners. What do you think? While strapped primary-home borrowers receive more — including unsolicited loan-modification offers, lenders ... Read more

New breed of investor looks to housing market

They don’t plan on a quick flip: ‘Prices have to go back up eventually’ By Jane Hodges msnbc.com contributor Falling prices and rampant foreclosures are not the stuff of healthy housing markets. But to some real estate investors, the dismal market can signal that it is time to invest. So what if cities like Phoenix and Las Vegas have regularly appeared on RealtyTrac&rsquo... Read more