By Deb Weidenhamer
 Are you thinking about buying or selling a home at an Arizona real estate auction? This article is designed to provide you with the details on how real estate auctions work and how you can get involved while protecting yourself and your assets. Specifics may vary from auction to auction; however, the following information includes helpful and important guidelines from which everyone can benefit.
In 1994, twelve percent of all real estate was sold and purchased at auction. The auction field of real estate sales is growing, according to a Gallup Poll conducted for the National Auctions Association; in 1993, more than $40 billion in commercial and residential property was auctioned off, four times more than in 1980. Before you commit to your first real estate auction, examine why the popularity of real estate auctions is growing and what is required to penetrate this lucrative field.
Real estate auctions are no longer viewed as distress sales -- on the contrary many home sellers are viewed as savvy sellers who want to avoid "the unknown" that comes with traditional brokerage methods of |
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By Joseph Smith
 Philadelphia is undoubtedly a big foreclosed homes market. With its city population of about 1.6 million people, there are many households that are entering foreclosures. Due to the effect of the decelerating local, national and global economy and the shrinking employment market in the area, it is not surprising that the sector for new home construction is slowing, the rental market is increasing and the inventory for foreclosure is climbing significantly.
While it is not a good time to buy new homes, it is the best time to invest in foreclosure homes. Philadelphia foreclosure listings are flooding the Internet. The lists are aimed at guiding prospective homebuyers and investors find and acquire foreclosure homes in the Pennsylvanian city.
Philadelphia foreclosure listings basically contain helpful information for homebuyers and investors who are looking at buying such houses in the area. Among the data included in the lists are available foreclosure homes for sale, auction schedules and venues, bank-owned foreclosures, resale of foreclosed homes and 'for sale by owners.' There are even articles regarding tips and guidelines for further enlightenment and knowledge of |
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By Paul Chavez
 Foreclosure rates are still on the rise, leading some lenders to fail, and leaving millions of Americans without a home of their own. Fannie Mae and Freddie Mac needed a "bail-out" of themselves from the government. The foreclosures are still occurring, with another wave about to begin in 2009.
Many of these will be Pay Option Arm borrowers. This is what is known as a Negative Amortization loan, something that has greatly increased in popularity over the course of the last five years. Don't be surprised if congress passes a bill to prevent these loans from being sold to unsuspecting borrowers in the near future.
There are four payments options every month with the Pay Option Arm. The "minimum" Negative AM payment, interest only, 30-year (interest and principal amount)
and 15-year (principal and interest). Minimum monthly payments were based on a teaser rate of somewhere between 1%-4% that provided negative amortization on the loan.25%. While a person may be able to get this loan, it is often the case that a qualified borrower may only be able to make the minimum |
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