Distressed Property Real Estate
1.5K views | +0 today
Distressed Property Real Estate
Distressed Property Real Estate
After many years of distressed sales the Florida Space Coast real estate market rallied back to a stable real estate market. However, there are still countless distressed properties in Brevard County, FL. Many homeowners and real estate investors are suffering with mortgage misery because of high monthly payments.  Selling is short sale is a far better option than foreclosure.  Suffering with mortgage misery? Visit http://www.StopMortgageMisery.com I promise, I can help.
Your new post is loading...
Your new post is loading...
Scooped by Digital Diva Ventures
Scoop.it!

Buying A Home With A 203(K) Rehab Loan

Buying A Home With A 203(K) Rehab Loan | Distressed Property Real Estate | Scoop.it
Learn about the process of buying a home with the 203(k) mortgage that allows a home in need of repair or upgrade to get financing both for the purchase and for the repairs.
Digital Diva Ventures 's insight:

The Federal Housing Administration (FHA) 203(k) mortgage loan allows homebuyers or homeowners to finance the cost of repairs into their total mortgage amount.  

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

How to Find and Finance Bank-Owned Properties - Trending Home News

How to Find and Finance Bank-Owned Properties - Trending Home News | Distressed Property Real Estate | Scoop.it
Home prices are still rising — they’re currently averaging just below all-time highs set in 2006, according to the Case-Shiller Home Price Indices. Combine that with slim housing inventory in many markets, and you may believe you’ve missed the opportunity to buy your first, or your next, home. But bank-owned properties, also known as real-estate...Read More
Digital Diva Ventures 's insight:

There are bank owned properties for sale on the FL Space Coast. The Diva has the details TextAgi.com 

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

Short sale tax break on verge of being extended until 2017

Short sale tax break on verge of being extended until 2017 | Distressed Property Real Estate | Scoop.it
Homeowners who had short sales in 2015 are about to get big break on their taxes, thanks for a massive federal spending bill that’s about to be signed into law by President Obama. The Mortgage Debt Forgiveness Act was set to expire at the end of 2015, and without an extension, any mortgage forgiveness achieved in a short sale would have b

een counted as income for homeowners whom banks allowed to sell their homes for less than the amount of their mortgage during 2015. But . . .

Digital Diva Ventures 's insight:

An extension to the Mortgage Debt Forgiveness Act was included in the fiscal 2016 federal appropriations and tax relief bill, which passed both the House of Representatives and the Senate. If you or someone you know is upside down with their mortgage on the FL #SpaceCoast, reach out to Agi Anderson, TextAgi.com

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

The Big Short: is the next financial crisis on its way?

The Big Short: is the next financial crisis on its way? | Distressed Property Real Estate | Scoop.it
Steve Eisman saw the last crash coming and was portrayed in an Oscar-winning film. Now he believes Europe’s banks, especially Italy’s, are at risk
Digital Diva Ventures 's insight:

Agi Anderson. FL real estate broker who survived the real estate tsunami of our times advises there is an eminent change taking place in the housing market. Steve Eisman saw the last crash coming and was portrayed in an Oscar-winning film, The Big Short. Now Eisman believes Europe’s banks, especially Italy’s, are at risk. Signs of a downturn; over priced homes, shortage of homes for sale and subprime mortgages are now making a come back. 

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

I Can't Pay the Mortgage And The Bank Wont Help - Feedback - YouTube

Whether you checking about homes for sale, a property for sale, your personal residence, an investment...

Digital Diva Ventures 's insight:

Great explanation for homeowners and real estate investors behind on mortgage. If you or someone you know is struggling with mortgage misery we can help at FL Prevention Center. Learn more at PainfulPropertySolutions.com

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

5 tips to bounce back after a foreclosure or short sale

5 tips to bounce back after a foreclosure or short sale | Distressed Property Real Estate | Scoop.it

“We thought we’d never recover,” Philip Powell says, recalling the devastation they felt after losing their home. “No one in California was ready for the crash; it hit us hard.”

Digital Diva Ventures 's insight:

Five tips For those looking to put down homeownership roots again after foreclsoure. 

 

Know your options

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

Florida Foreclosure Law

Florida Foreclosure Law | Distressed Property Real Estate | Scoop.it
In Florida, all mortgages are foreclosed in equity. In a mortgage foreclosure action, the court severs, for separate trial, all counterclaims against the foreclosing lender.
Digital Diva Ventures 's insight:

In Florida, all mortgages are foreclosed in equity. In a mortgage foreclosure action, the court severs, for separate trial, all counterclaims against the foreclosing lender. FL Prevention Services helps owners avoid the repercussions of foreclosure. More at StopMortgageMisery.com 

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

Loans are converting, payments are increasing, now paying the mortgage is a struggle– get mortgage relief

Loans are converting, payments are increasing, now paying the mortgage is a struggle– get mortgage relief | Distressed Property Real Estate | Scoop.it
Loans are converting, payments are increasing, now paying the mortgage is a struggle. The Federal Trade commission offers excellent information on their page
Digital Diva Ventures 's insight:

Mortgage problems? Stop the grief and get relief.

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

CoreLogic: Distressed sales will hit pre-crisis levels 2018

CoreLogic: Distressed sales will hit pre-crisis levels 2018 | Distressed Property Real Estate | Scoop.it
Distressed sales accounted for 9.9% of total home sales in March 2016, and real estate owned sales accounted for 6.8%, according to a recent report from CoreLogic. The current REO sales are 21.1 percentage points below its peak of 27.9% in January 2009. They were down 2.4 percentage points annually, making it the lowest REO sales for March since 2007. March distressed sales were down 2.7 percentage points from March 2015 and down 1.6 percentage points from February this year. While distressed sales play an . . .
Digital Diva Ventures 's insight:

According to CoreLogic, there are two more years until we reach a stable real estate market. Distressed properties which include foreclosure homes and short sales will continue to be a part of the inventory with properties for sale. In 2008 I predicted it would take 10 years to recover from the real estate tsunami of our times. People thought I was crazy, but you know what, I was right.

 

If you are thinking about investing in real estate, NOW really is the time. Lacking funds, what about a self directed IRA which makes you a CASH buyer. Whether your searching for a residential home or a money making investment property reach out and connect with me, the FL Property Diva.

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

Foreclosures Forecast to Hit 15 Million Homeowners

Foreclosures Forecast to Hit 15 Million Homeowners | Distressed Property Real Estate | Scoop.it
By Kevin Chiu The foreclosure crisis has produced an overpowering series of affects across the U.S., destroying businesses, taking away livelihoods, tossin
Digital Diva Ventures 's insight:

An estimated 7.6-million residential properties have been foreclosed since the foreclosure crisis started, with another 7.4-million foreclosures forecast through 2016. We are not out of the woods yet! Reach out to Agi Anderson for mortgage relief services at StopMortgageMisery.com

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

10 States With the Biggest Foreclosure Problems

10 States With the Biggest Foreclosure Problems | Distressed Property Real Estate | Scoop.it

"These states are still dealing with foreclosures in their housing markets. " Florida, the sunshine state ranks #4 with biggest foreclosure home issues!

Digital Diva Ventures 's insight:

Florida is ranked #4 with biggest foreclosure problems. My team and I prevent residential homebuyers and real estate investors from buying a money pit. Learn how with my FREE reference guide: Avoid the 7 Costly Mistakes Buying Foreclosures available at Rehabforeclosures.com

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

Ocwen foreclosures frozen after National Mortgage Settlement compliance failure

Ocwen foreclosures frozen after National Mortgage Settlement compliance failure | Distressed Property Real Estate | Scoop.it

As it turns out, it can get worse for Ocwen Financial. Less than one day after posting a massive loss for the first quarter of 2016, the nonbank has run afoul of the terms of the National Mortgage Settlement and is now forbidden from taking foreclosure actions on more than 17,000 loans. According to Joseph Smith, the monitor of the National Mortgage Settlement, Ocwen is not yet back in compliance with one of the performance metrics of the National Mortgage Settlement that it failed in the second . . .

Digital Diva Ventures 's insight:

Wow, 17,000 loans placed on hold. It's not surprising,Ocwen hs been one of the worst servicers, 

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

6 Things You Need to Know About Foreclosure Auctions

6 Things You Need to Know About Foreclosure Auctions | Distressed Property Real Estate | Scoop.it
In order to get a great deal on a house or apartment at a foreclosure auction, you have to do your homework.
Digital Diva Ventures 's insight:

Buying at auction requires research and preparation. 

Reach out and PROFIT from Agi Anderson's knowledge and experience 321-209-7271 / FLPropertyDiva@a1ainfo.com #foreclosures #auctions 

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

2 Credit Card Debt Tips to Know

2 Credit Card Debt Tips to Know | Distressed Property Real Estate | Scoop.it
These are the two potentially life-improving credit card debt tips you need to know. They can help you keep thousands -- or tens of thousands -- of dollars in your pocket.
Digital Diva Ventures 's insight:

There are few situations as financially painful as being deep in credit card debt. And digging out from a mountain of credit card debt can be a struggle worthy of Hercules. Still, while it's possible and very advisable to not get into credit card debt, it's also possible to get out of it.

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

True Costs Of Foreclosure, Property Abandonment Extend Across Neighborhoods And Communities

True Costs Of Foreclosure, Property Abandonment Extend Across Neighborhoods And Communities | Distressed Property Real Estate | Scoop.it
CLEVELAND, Jan. 17, 2017 /PRNewswire/ -- A groundbreaking analysis of the true costs associated with the nation's housing crisis quantifies for the first time the substantial and numerous impacts foreclosures and vacant and abandoned properties have on homeowners and their communities. "This
Digital Diva Ventures 's insight:

Cleveland is not the only area suffering with property abandonment. The  same problem exists in Florida. 

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

Shadow Inventory: More Houses Will Soon Be Available For Sale

Shadow Inventory: More Houses Will Soon Be Available For Sale | Distressed Property Real Estate | Scoop.it
Where is this hidden shadow inventory that could promise some relief, and when will it become available for sale?
Digital Diva Ventures 's insight:

Study after study shows that foreclosure rates are declining. With the improved market, it would be natural to think that the impact of the housing crisis is over. But there are still some old foreclosures in the real estate pipeline that are ready to pour over the dam of legislation and legal delays that have been holding them back. TextAgi.com for assistance with purchasing foreclosure homes.

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

Is a Short Sale Right for Me?

Is a Short Sale Right for Me? | Distressed Property Real Estate | Scoop.it
Get unbiased mortgage news and advice from PennyMac with articles such as Is a Short Sale Right for Me?.
Digital Diva Ventures 's insight:

There are countless homeowners and real estate investors behind on mortgage because their adjustable rate mortgage converted.

One of my client's payment tripled, this investor is an engineer with a very good job. It was very difficult coming to to the tough decision that the best option was selling in a short sale.

The balance of the loan is $370,000, I just submitted an offer to the lender for $220,000. I am sure you're wondering what happens to the $150,000 difference? Well that's where FL Prevention Services steps in, we negotiate the short sale for the property owner. The owner does not pay a real estate commission, they typically have little or no out of pocket expense. It really doesn't matter what causes the delinquency with a mortgage, the better alternative to foreclosure is a short sale. Get more information at PainfulPropertySolutions.com

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

Using personal bankruptcy to hit the reset button on distressed properties

Using personal bankruptcy to hit the reset button on distressed properties | Distressed Property Real Estate | Scoop.it
There is a ripple effect on homeowners who struggle with debt even after losing their homes. Honest people who want to make good on their debts are increasingly overwhelmed and finding it impossible to rebuild their financial lives.
Digital Diva Ventures 's insight:

Years ago, personal bankruptcy was considered by some to be a shameful last resort. In today’s economy, however, personal bankruptcy filings are no longer seen as a kiss of death to your credit. They have become an accepted last-ditch effort to organize your debt, and free you from years and years of making minimum payments that will never go away. If you or someone you know is in a painful mortgage situation, FL Prevention Services can help, learn how at PainfulPropertySolutions.com

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

Foreclosure Report Highlights: August 2016

Foreclosure Report Highlights: August 2016 | Distressed Property Real Estate | Scoop.it

The foreclosure inventory has fallen on a year-over-year basis every month since November 2011 (Figure 1), and in August 2016 it was 77.5 percent below the January 2011 peak.

Digital Diva Ventures 's insight:

The national foreclosure inventory – the number of loans in the foreclosure process – fell 29.6 percent year over year in August 2016, according to the latest CoreLogic Foreclosure Report.

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

Case study: Investor’s Mortgage Payment Triples

Case study: Investor’s Mortgage Payment Triples | Distressed Property Real Estate | Scoop.it
An investor I am now helping has a Suntrust equity line payment that was $463 per month. In the fall of 2015 it shot up to $1549 per month. After many call
Digital Diva Ventures 's insight:

If you or someone you know is behind on mortgage, all are invited to reach out from my knowledge and experience with helping owners who have first and second mortgages, if one or both monthly payments have increased. Matters not, there is financial relief at StopMortgageMisery.com

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

How To Buy Bank Owned (REO) Homes - Real Estate Guides

Essentially, there are three different stages at which you can buy a foreclosure property. Investors and homebuyers can purchase a foreclosure property in the first phase of default — before a foreclosure auction takes place. Secondly, investors can purchase a property in at the public foreclosure auction. And finally, a foreclosure property can be purchased from the bank or lending institution if no one bids at the public sale and the bank repossesses the property.
Digital Diva Ventures 's insight:

Essentially, there are three different stages at which you can buy a foreclosure property. Investors and homebuyers can purchase a foreclosure property in the first phase of default — before a foreclosure auction takes place. Secondly, investors can purchase a property in at the public foreclosure auction. And finally, a foreclosure property can be purchased from the bank or lending institution if no one bids at the public sale and the bank repossesses the property.

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

How to Get a Second Chance at Homeownership After Foreclosure or a Short Sale

How to Get a Second Chance at Homeownership After Foreclosure or a Short Sale | Distressed Property Real Estate | Scoop.it
Millions of Americans who lost their homes during the housing crisis may be eligible to become homeowners again.
Digital Diva Ventures 's insight:

By 2015, about 1 million who lost homes between 2006 and 2014 had already bought homes again, according to the NAR. Many others may be eligible to purchase a home, perhaps sooner than they think. Start your search for homes for sale at SpaceCoastFLHomes.com

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

How to get a Jumbo Loan After Short-Sale or Foreclosure

How to get a Jumbo Loan After Short-Sale or Foreclosure | Distressed Property Real Estate | Scoop.it
It is now possible to get a Jumbo Loan immediately after a Short-Sale or Foreclosure. There are many people that don't think they can qualify for a Jumbo M
Digital Diva Ventures 's insight:

The Diva did a Double Take! Wow, it's amazing getting a #jumboloan so soon after a #foreclosure or a #shortsale. It does state all other credit has to be aligned to be considered for a #mortgage. No more are the days of foreclosures haunting you for years after.

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

Are Foreclosures Increasing or Decreasing?

Are Foreclosures Increasing or Decreasing? | Distressed Property Real Estate | Scoop.it
Recently, there has been a lot of talk about the size of the foreclosure inventory in the nation. There has been some speculation that distressed property inventories are about to skyrocket. Today, we want to reveal what is actually taking place in this segment of the housing market.
Digital Diva Ventures 's insight:

Instant access to my FREE guide: Avoid 7 Costly Mistakes Buying Foreclosures available at: RehabForeclosures,com

My team and I are helping residential homebuyers and real estate investors avoid buying a money pit.

more...
No comment yet.
Scooped by Digital Diva Ventures
Scoop.it!

What's Next for REO? A 10-Year Perspective 

What's Next for REO? A 10-Year Perspective  | Distressed Property Real Estate | Scoop.it
While the single-family rental market is one area that will continue to provide opportunity in the REO marketplace, the question remains: What’s next for the banks, servicers, and investors who touch the REO sector nearly a decade past its high?
Digital Diva Ventures 's insight:

"New investors, such as traditional home buyers, flippers and mom and pop investors, are now competing for space in the marketplace, while aged inventory declines. These “new” investors may have been eyeing REO for years, but faced certain barriers to entry that are now lifting. This is largely occurring because the 100 percent all cash model is being offset by the availability of contingency financing. Additionally, as the assets become more viable, sellers are now open to accepting different financing options because they want to get the right buyers into the properties vs. driving transactions that result in liquidation."

 

Buyers Beware Purchasing REO Bank Owned Foreclosures. Grab a copy of my FREE GUIDE, Avoid 7 Costly Mistakes Buying Foreclosures

 

Agi Anderson, FL Property Diva, Real Estate broker since 1994 specializes with assisting buyers and real estate investors purchase foreclosure properties ~ Reach out and PROFIT from my knowledge and experience with buying, selling, investing 321-209-7271 / FLPropertyDiva@a1ainfo.com #auction #foreclosures #foreclosurehome #realestate #spacecoast

more...
No comment yet.