PNN – the Foreclosure Foresome 3/10/13

A recent local television news story mentioned that Nevada was one of the top four states in the nation for foreclosure activity, along with Arizona, California and Florida. That’s a distinction that no state wants to have, and coupled with our big increase in short sale activity, it made me wonder just how serious the situation was.

There were 46,000 completed foreclosures nationally, down from 68,000 in September 2013, a year-over-year decrease of 32.6% and down 61% from the peak of completed foreclosures in 2010, according.

Foreclosures are properties that belonged to people that did not pay their mortgage payments on time. Unfortunately, lenders will issue default notices to these poor homeowners saying their houses are in the process of going into foreclosure. They need to do this to get the money back they are owed.

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View all Claymont, DE HUD listings in your area. All HUD homes that are currently on the market can be found here on HUD.com. Find HUD properties below market value.

Can I Get An FHA Home Loan After Foreclosure? Can I get an FHA loan after foreclosure? This is a question that comes up quite often. The answer depends on a variety of factors including the date that the foreclosed property was transferred out of the borrower’s name.

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One of the elements to putting down your EMD is a signed contract and the date is critical when it comes to post foreclosure financing. Since FHA is insuring the loan, the date of the contract must be at least one day after the 3-yr anniversary date to meet the guidelines for FHA (not a lender overlay).

Find Pre foreclosures before they hit the market in Delaware – before they are even listed – at Foreclosure.com. There are currently 583 pre foreclosure homes in Delaware, that are potentially available for sale at drastically reduced prices.

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