Foreclosure Spot Plus

“Greenhabbing” MI Foreclosures

Fri, 11 Dec 2009 11:38:54 -0800

Ryan Burk, a Michigan real estate investor, has taken the idea of rehabbing MI foreclosures to a new level. His company, In The Now Investments LLC, installs energy-efficient products during renovation of the Detroit area homes he purchases. Of the MI foreclosures he has rehabilitated, all are equipped with high-performance insulation in the attic and [...]

Thousands Flock to Melvindale for Chance to Apply for Housing

Sun, 29 Nov 2009 10:08:40 -0800

Evidence of a continued recession and the ongoing fallout of MI foreclosures was manifest in a recent, unexpected turn of events at an apartment complex in Melvindale. Over ten thousand applicants arrived at Coogan Terrace last week, a complex which qualifies for the Housing Choice Voucher Program, also known as Section 8. This 199-unit high-rise [...]

Will Government Meddling Help Decrease the Number of FL Foreclosures on The Market?

Sat, 28 Nov 2009 08:03:30 -0800

Those who are older than I am will attest to the fact that many things in this world are interconnected. Far more than we admit at first. This is easily seen on issues of Faith. If you are a Christian, then most of the time you’ll be convinced that evolution is false, [...]

Will Black Friday Stop the Growing Number of CA Foreclosures?

Fri, 27 Nov 2009 15:04:06 -0800

One of the problems of trying to relate to a wide audience through an online blog is that most of your readers don’t know “the real you” all that. So let me share a bit about myself on a personal note. I’m a pretty basic kinda guy. I may specialize in finding [...]

Where Are These Think Tanks Getting Their Data?

Sun, 22 Nov 2009 19:28:50 -0800

I recently came across a news article that was trying to envision Florida real estate prices actually RISING over the course of the next year. I’m not joking about this. The piece by James Thorner over at TampaBay.com was summarizing data put out by a data crunching firm which recently published findings that indicated that [...]

Value Losses from Flood of MI Foreclosures Reflected in Auction of Silverdome

Sat, 21 Nov 2009 08:16:52 -0800

Reflecting the huge losses banks are taking on their inventory of MI foreclosures once resold on the open market, the recent auction of the Silverdome for just 1% of what it cost to build in the early 1970s reveals just how difficult things have become for commercial real estate ventures. However, that sale has been [...]

Buyer Beware! Florida Foreclosure Auctions Are Not Always What They Seem

Sat, 21 Nov 2009 06:39:29 -0800

Every day we hear more and more stories about people that jump into the wild world of investing in FL foreclosures without any clue as to what they are doing. Then, after the depth of their folly overwhelms them they start to blame everyone else for their woes. Bottom Line: Investing In Florida Foreclosures Is [...]

Have We Learned Our Lesson Florida?

Wed, 18 Nov 2009 14:33:22 -0800

The year is coming to a close. Many of us would admit that we find ourselves occupied less and less with our State’s economic problems such as the continued pileup of lost jobs or an increasing inventory of vacant FL foreclosures and instead find ourselves preoccupied with planning, preparation, and shopping for the holidays. [...]

Alternatives to Investing in FL Foreclosures

Sun, 15 Nov 2009 14:16:36 -0800

I’ll be the fist to admit that it is very possible that my words here will fall on deaf ears. Most people, when looking for a new income source, will latch onto one concept and be reluctant to change their course regardless of what anyone else may show them. If you are interested [...]

Will FL Foreclosures Double in the Next 24 Months?

Sat, 14 Nov 2009 08:52:53 -0800

I try to keep my mind free of negative thoughts as much as possible. Negativity is not beneficial in almost any form – especially if you are trying to run a successful business investing in FL foreclosures amidst some of the most dire economic times we’ve ever known. That being said, I tend [...]

Getting Started Investing in CA Foreclosures 101

Thu, 12 Nov 2009 18:22:24 -0800

As big a state this is it’s inevitable that there are tens of thousands of people sitting on the sidelines right now thinking about starting their own California real estate investing business. Also inevitable is the fact that 90% of those people will never take any type of action and thus will never see any real [...]

The Refinance and Loan Modification Quagmire

Fri, 16 Oct 2009 23:27:04 -0700

In July, President Barack Obama started placing pressure on banks and mortgage companies to put forth a greater effort to revise home loan terms in order to make them more affordable and avoid additional foreclosures. The President’s actions came as a relief to tens of thousands of homeowners who stood worried that their home [...]

FL Foreclosures Down Even As Banks Struggle to Survive

Fri, 16 Oct 2009 11:51:52 -0700

The rate of foreclosures spanning July through September has increased nationwide by an average of 2 percent according to three of the major real estate data reporting companies. However, in the Sunshine State both the Notice of Default (NOD) filings and actual auctions of FL foreclosures fell 6 percent. Foreclosures Fall In Recent Months The month [...]

The Rate of CA Foreclosures Slows, But for How Long?

Thu, 15 Oct 2009 21:22:14 -0700

Real estate data companies that track CA foreclosure and how they impact the market have revealed that the number of defaults in the state is in a state of decline. Are we seeing the beginning of a recovery in California’s housing market or is it a mirage in the desert? Right now analysts are saying [...]

Florida’s Foreclosure Problem: Is the End in Sight?

Wed, 14 Oct 2009 22:51:15 -0700

All of the traditional news outlets seemed to be overwhelmingly optimistic about the prospect of economic recovery today after the Dow Jones Industrial Average crossed and then settled above the 10,000 mark for the first time in over a year. Fueling the run up in stock prices today was the billions of dollars in 3rd quarter [...]

Stemming the Tide of FL Foreclosures

Sat, 10 Oct 2009 13:35:18 -0700

Both the people and government of Florida have worked tirelessly to cause the American public to associate Florida with sunshine, oranges, the Everglades, and vacations at Disney World. Unfortunately, over the span of 36 months the state of Florida has lost its identity as the sunshine State and has become associated with the word “Foreclosure”. [...]