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The ability to access IRA monies to purchase foreclosed homes or offer private loans when credit is tight puts self-directed IRA holders ahead of the game. In fact, Guidant Financial Group of Bellevue, Wash., reports that more than 35 percent of survey respondents considering self-directed investing are eyeing foreclosures and pre-foreclosure investments. (PRWeb Sep 24, 2007)

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Mortgage Laws

Are you thinking of taking a mortgage loan in the U.S. 'Sunshine State' - Florida
and want to know about the laws relating to mortgage there? We provide you information
on Florida mortgage laws here.
If the Sunshine State is to be the address of your dream house, you need to
be well aware of the laws prevalent there. Here we provide you the important
laws governing mortgage in Florida.
The Florida Mortgage Law is mainly govern read more »
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Countrywide is sending mortgage consultants to hold open their foreclosed houses. So now they will capture loans at homes they foreclosed on. Multiply that by thousands and thousands of homes and now you have a real estate company to compliment your lending division.Countrywide Real Estate? read more »
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With the increased number of mortgage defaults and decreased real estate values, it may be time to purchase an investment property soon. Exactly how soon is a debatable question, but many experts are guesstimating between the end of 2008 and first quarter of 2009. read more »
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It’s time for a little link sharing. Here are some bloggers who submitted their blogs to be a part of my Sunday Linkup. I imagine I’ll be doing this every Monday, so everyone should have plenty of reading to start their weeks off with; although, I may add a personal finance section in there as well in case you want a bit of variety. I haven’t had a chance to check out all of these articles, but there are certainly a few gems in what I’ve been able to read so far.
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There are different types of real estate investments and one of the best investments is in foreclosed homes. These foreclosures are mostly residential properties that can have anywhere from one to four units. Mortgage is provided by FHA but if a home fails in making mortgage payments then the homes are repossessed by HUD. There has been a steady... read more »
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Eli Tene, President of I Short Sale, Inc. (ishortsale.com), states, "We see the trend growing daily. People are being choked! We hear disheartening story after story from borrowers that come to us for short sale solutions or that have already been foreclosed upon by their lender, as they were unable to refinance." I Short Sale has quickly become the largest processor of short sales in the country, aiding the millions of Americans faced with losing their homes and damaging their cre read more »
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There are different stages of foreclosure and the more you know, the more you can protect yourself. read more »
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Foreclosed homeowners in Ohio are getting a surprise break from the courts these days and the judge’s rulings may set a nationwide precedent and give troubled homeowners more time. It’s all happened because a federal judge in Ohio has ruled against a long-time practice and created an obstacle for lenders who are attempting to reclaim [...] read more »
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Foreclosure rates are on the rise and the Nashville real estate market is feeling some of the affects of the adjustable rate mortgage. Hope is not lost if you take certain steps now to reduce or completely avoid your chance of being foreclosed. (PRWeb Dec 3, 2007)

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A hilarious little essay on how Governor Schwarzenegger makes a deal to save millions of struggling Californians who gambled their futures away by buying $1M shacks in the Central Valley. It shows a desperate family who will be foreclosed by Christmas, and the touchy dysfunction thatoccurs. Stockton, Sacramento, Riverside, Ventura, El Cerrito ! read more »
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OK, people, this is huge and not yet widely disseminated - as often happens on World Net Daily. This ruling clearly implies that packaged MBS's used as a part of most mortgage-financing funds and banks provide NO collateral (value on "reserve" sheet) if the underlying mortgage defaults and the property is foreclosed. OUCH. Buy Silver, short banks. read more »
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A Maryland cab driver lost his home in a botched streamline refinance of the mortgage held on his townhouse. Washington Mutual Home Loans Inc. foreclosed on him in August 2006 when he couldn't prove that the original mortgage had been paid. The foreclosure was upheld by an appellate court, and now the state's highest court is considering a request to reshape foreclosure rules. read more »
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We all know about the sub prime adjustable rate mortgage crisis and the many financial and economic problems that have come to pass from so many foreclosures. But some people have been suggesting that brokers and lenders specifically targeted Blacks, Asians and Hispanics in their efforts to sell these risky loans to people who really [...] read more »
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Even after a home is foreclosed, the deficiency comes due, says the Bankruptcy Adviser. read more »
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