Submitted by Anonymous on Sat, 12/10/2011 - 1:39pm
Private money loans, also known as person-to-person loans, peer-to-peer loans, and social lending, among other things, have been happening since long before the first formalized banking institutions were founded. In fact, person-to-person loans have probably been taking place since the very beginning of human existence, in some way shape or form. People have made loans of goods, services and supplies between each other for thousands and thousands of years, one would imagine.
Submitted by Anonymous on Tue, 11/01/2011 - 5:04pm
As of today, there are more than 300 single-family bank-owned foreclosures for sale in Los Angeles listed in the “active” status. These properties range anywhere from a 400 square foot fixer in South Los Angeles priced below $70,000, all the way up to a $2 million Hollywood Hills luxury foreclosure sited above the world-famous Sunset Strip.
Submitted by Anonymous on Wed, 10/05/2011 - 10:44am
Foreclosures continue to plague many of America's communities. This presents an incredible buying opportunity for real estate investors. There has never been a better time to invest in real estate.
Submitted by Anonymous on Thu, 09/29/2011 - 1:48pm
Home mortgage rates in the U.S. fell to the their lowest levels since Freddie Mac began keeping records last week. The average rate for a 30-year fixed rate home loan fell 8 basis points to 4.01 percent in the week ended today from 4.09 percent the prior week, Freddie Mac said in a statement. The rate drops come in the wake of the Federal Reserve’s announcement of a plan to further reduce borrowing costs.
Submitted by Anonymous on Thu, 08/11/2011 - 12:00pm
The nation’s lending institutions repossessed more than 67,000 American homes in July according to RealtyTrac. 67,829 bank repossessions took place last month, a 4% drop versus the previous month and a decline of 35% when compared to July of last year. Although foreclosure filings dropped in July, more than 212,000 homes received a foreclosure notice of some sort last month. Foreclosure filings have dropped in year-over-year comparisons for each of the last 10 months.
Submitted by Anonymous on Wed, 08/10/2011 - 3:37pm
Good news today for Americans looking to finance the purchase of a new home or refinance an existing mortgage. Interest rates on 30-year fixed-rate mortgages fell to near-record lows in the wake of Federal Reserve Chairman Ben Bernanke’s unprecedented announcement yesterday that the U.S. Federal Reserve will keep short-term interest rates near zero for the next two years or so.
Submitted by Anonymous on Thu, 08/04/2011 - 1:31pm
On Tuesday, the United States Senate introduced SB 1508, a bill to extend the current federal loan guarantee limits for one year. Originally sponsored by California Senator Dianne Feinstein, the bipartisan bill would increase the cost of loans for Fannie Mae and Freddie Mac between $625,500 and $729,750, to offset the perceived cost of increasing the loan limits another year. Without Congressional action, the current loan limits will expire on Sept. 30, 2011; the VA limits will expire December 31st.
Submitted by Anonymous on Fri, 07/29/2011 - 2:00pm
It looks like you're a little late if you're interested in buying this foreclosed home. Bank-owned homes are being demolished faster than investors can snap them up in some parts of the Midwest.
Submitted by Anonymous on Thu, 07/28/2011 - 3:15pm
So, the big news and debate all month has been centered around the “debt crisis” the United States Government (and by extension, the rest of us) faces. Television, radio and the internets are preoccupied with everything from how the downgrade of the government’s credit rating will affect Social Security payments to elderly Americans, to how the looming specter of the ratings reduction will impact the football season. Who cares, anyway? We all should.
Submitted by Anonymous on Thu, 07/28/2011 - 12:15pm
The foreclosure market is expected to see a boom in inventory levels later this year as the millions of American homes held up in foreclosure proceedings are dumped onto the market. The rate of foreclosed homes coming to market has slowed in recent months as paperwork and processing delays have held up property repossessions by the nation’s lending institutions. This so-called “shadow inventory” of homes, or distressed properties expected to fall victim to foreclosure, is estimated to consist of well over one million single-family homes in neighborhoods all over the country.
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