Real Estate News

In April, according to RealtyTrac.com, Maryland ranked sixth in foreclosures among all the states but just 30 days later it fell to 22nd for the month of May.0Thu, 26 Jun 2008 07:00:00 GMTThe real estate marketplace must be exploding in Maryland. What else could possibly explain the huge fall in foreclosures throughout the state? In April, according to RealtyTrac.com, Maryland ranked sixth in foreclosures among all the states but just 30 days later it fell to 22nd for the month of May.

If you are currently in foreclosure, strongly consider selling your property as a backup plan. 0Tue, 24 Jun 2008 07:00:00 GMT

The euphoria that surrounded six years of escalating home prices, record levels of home sales and rock-bottom interest rates crashed and burned in 2007.0Fri, 20 Jun 2008 07:00:00 GMTThe euphoria that surrounded six years of escalating home prices, record levels of home sales and rock-bottom interest rates crashed and burned in 2007, forcing many foreclosure investors to ratchet down their purchases and patiently wait for an expected flood of bargains to emerge from the ashes of the housing downturn.

Real estate investors are becoming a convenient scapegoat for many looking to assign blame for the recent surge in foreclosures and faltering real estate market.0Thu, 19 Jun 2008 07:00:00 GMTReal estate investors are becoming a convenient scapegoat for many looking to assign blame for the recent surge in foreclosures and faltering real estate market.

The Internet allows potential buyers to search for properties all over the world, view photographs and due diligence materials online, and participate in auctions all across the country.0Wed, 18 Jun 2008 07:00:00 GMTFortunately for today’s property owner, the Internet has revolutionized the real estate auction process. The Internet allows potential buyers to search for properties all over the world, view photographs and due diligence materials online, and participate in auctions all across the country, 24 hours a day, all from the comfort of their home or office. Quite simply, it is a very easy way to sell real estate. Thousands of properties are sold by online auction everyday, and now sellers can choose from multiple real estate auction websites to expose properties to a worldwide market.

Online auctions offer both novice and experienced real estate buyers a way to obtain under-valued properties. 0Wed, 04 Jun 2008 07:00:00 GMTOnline auctions offer both novice and experienced real estate buyers a way to obtain under-valued properties. Below are a dozen tips from Bid4Homes, a leading online auction company, to help you successfully and profitably bid online for real estate.

Monday through Friday, a small group of people assemble around the steps of the Orange County Courthouse in Santa Ana, Calif., for the nation’s ailing real estate market: public foreclosure sales.0Tue, 27 May 2008 07:00:00 GMTMonday through Friday, usually around two in the afternoon, a small group of people — mostly men in shorts, T-shirts and sneakers — assemble around the steps of the Orange County Courthouse in Santa Ana, Calif., for what has become a common side-effect of the nation’s ailing real estate market: public foreclosure sales.

“The issue of labels is important,” says James J. Saccacio, chief executive officer at RealtyTrac.com, the nation’s largest source of foreclosure properties. 0Mon, 19 May 2008 07:00:00 GMT“The issue of labels is important,” says James J. Saccacio, chief executive officer at RealtyTrac.com, the nation’s largest source of foreclosure properties. “Merely saying that an area is ‘declining’ may well impact local home prices and thus result in the very ‘decline’ that the term predicts. Like the chicken and the egg, it’s tough to know which comes first with ‘declining’ markets, the label or the local pricing trend.”

Karen Krynen saw an opportunity. Nestled at the top of a hill with a long private driveway, the bank-owned property sitting on a huge 40,946 square foot lot was exactly what she was looking for.0Thu, 15 May 2008 07:00:00 GMTKaren Krynen saw an opportunity. Nestled at the top of a hill with a long private driveway, the bank-owned property sitting on a huge 40,946 square foot lot was exactly what she was looking for. Krynen and her general contractor husband, Jeffrey, were searching for a fixer to build their dream home. “My husband and I decided to pursue this particular foreclosure property because we knew that the bank’s price was well below what most houses in this neighborhood sell for and because it’s a large lot — almost an acre,” said Krynen.

It’s no secret that more people are buying more products through online auctions, and real estate is no exception.0Fri, 09 May 2008 07:00:00 GMTIt’s no secret that more people are buying more products through online auctions, and real estate is no exception. Large numbers of homes are still sold through traditional methods, but for today’s buyer and seller there’s much to like about online auctions.

There’s a new initiative on the table in Washington, one that could do a lot to reduce foreclosures nationwide while actually generating a profit for Uncle Sam. 0Tue, 29 Apr 2008 07:00:00 GMTThere’s a new initiative on the table in Washington, one that could do a lot to reduce foreclosures nationwide while actually generating a profit for Uncle Sam.