Daily Archives: June 5, 2012

Buying Foreclosed Homes

In the series, How Low Can You Go, Contributor Vera Gibbons spoke to Chris Wragge about finding great deals on foreclosed homes.
Video Rating: 4 / 5

Rather Unfortunate, but it seems the Foreclosure Firestorm will only increase and compound itself throughout the summer. The Alt-A loans will be resetting also, so a large bulk of soon to be former homeowners will find themselves in Negative Equity in relationship to Loan to Value. An estimated 2.4 million homeowners will lose their homes, multiplied by spouse and kids, truly an exodus that would put the Israelites to shame in number.
Video Rating: 4 / 5

Avoid real estate auction fever and do your homework

www.RickLevin.com Rick Levin & Associates has an auction of bank-owned and bank-directed residential properties scheduled for Saturday, September 17, at the Hilton Rosemont, and I’ll bring you info on that in a separate video in this sponsored series. In the meantime, since Rick is a 20-year veteran of the auction process and a member of the small group of real estate auctioneers who do business on a national scale, I asked him to take a minute and offer some advice to bidders on avoiding auction mistakes.
Video Rating: 5 / 5