Foreclosure community blog resource - All Comments

re: Home-Price Declines in 20 U.S. Cities Eased in April

real estate brochures — Wed, 01 Jul 2009 08:46:29 GMT

The only movement in the market is the increase in first-time homebuyers due to the $8,000 federal tax credit.

Suggest using company with staff attorney for loan modification

John — Mon, 22 Jun 2009 17:47:06 GMT

I think that home foreclosures are getting out of control across the nation. I also do not feel that the banks are providing the help that they are suppose to be. The government has issued banks a huge bail out to prevent these foreclosures and I just feel like the banks are almost more stingy with their money now.

People need to start being aware of alternatives to foreclosures and dealing with their bank. There are several alternatives to get a good loan modification to lower your monthly payment. I would suggest going through a company that has an on staff attorney who is experienced in the field of loan modifications. There are also many online sites that can help lower your monthly payment and help you prevent a foreclosure. My friend just went through www.Carrotpeel.com for his loan modification and he thought it was excellent service and results.

Whatever you choose to do make sure they are helping you prevent foreclosure and that they are helping you personally.

Good Luck, John

Hasn't moratorium been lifted?

Ben Brittain — Thu, 11 Jun 2009 02:50:52 GMT

"Duncan points out that it will only be when the foreclosure moratoria are lifted that we will truly see if the economy has been bouncing along the bottom or not."

I thought the moratorium had been lifted months ago? Or has there been more than one?

re: $8,000 Homebuyer Tax Credit Can Be Used for Down Payment

Guest — Thu, 04 Jun 2009 03:03:29 GMT

This $75,000 cap is preventing me from making a purchase. I make 100,000, but live in Los Angeles, Calif. The cap makes zero sense and is stupid, skewed, and unfair to those who live where the cost of living is FAR higher than other areas. Why doesn't Washington get that if they change these rules they COULD kick start the housing market again? The devil is in the details.

re: Stately Prince George's County Property Discounted $221k

Raymond Kirk — Mon, 01 Jun 2009 05:58:30 GMT

That's great. I never thought about stately Prince George's County property discounted $221,000 like that before.

Raymond Kirk

re: More Homeowners Facing Foreclosure

Foreclosure Property Lists — Sat, 30 May 2009 15:57:51 GMT

I was reading somewhere that there are over 300,000 new foreclosures every month! That is massive. When you put it into perspective with the current population it still is a figure that is way too high.

re: A Tale of Two Foreclosure Trends

Gary Anderson — Sat, 23 May 2009 23:05:53 GMT

The moratorium was a scam of sorts to get money back into the stock market. Had foreclosures been spiking there may not have been a bogus rally like the one we saw in March and April. But the banks will see foreclosures overwhelm them. The party is just starting for these greedy banks who planned this off balance sheet scam at Basel 2 in 1998. They will get what they deserve, massive walking away from loans, mortgages, commercial and credit card debt.

Gary Anderson

re: Connecticut Foreclosure Crisis Appears to Be Worsening

Gary Anderson — Sat, 23 May 2009 23:00:44 GMT

Peter Bergamini's house will lose serious value. So he may as well let it go. Banks have abused us with liar loans and now it is time for this guy to liberate himself. There is no point in living paycheck to paycheck in an overpriced house.

Gary Anderson

re: Housing Market May Be Healing Itself

Gary Anderson — Sat, 23 May 2009 22:50:01 GMT

I personally believe that foreclosure sharks could find themselves either under water or with no one to sell to. I think that they have underestimated the effect an L shaped recovery will have. It will not give us house appreciation any time soon.

Gary Anderson

Buying real estate bargains

CoachingByPeter — Thu, 14 May 2009 10:01:36 GMT

Buying real estate bargain properties can be a great way to make a large profit. If you take the time to do your research and select the property carefully, you can make a great deal of money.