Foreclosure Fetcher Blog

If you haven’t seen at least one real estate television show in the past six months than you probably sold your TV on craigslist trying to avoid becoming a statistic of the recent foreclosure market.  These shows have been everywhere; Flip This House, Flip That House, House Hunters, My House is Worth What?, and Sell This House! are just a few of the slew of real estate related reality shows that have grown in popularity as a result of the recent housing boom.  As the housing market cools down buying and selling property has become much hard, and these overly positive TV shows are starting to be revealed for their inaccurate portrayal of the real real estate market.

A new show has surfaced just in time to save the entertainment value of Real Estate. “Real Estate Confidential” premiered last Sunday, March 25, at 8 pm et/pt with back to back half hour episodes.  This show follows a team of Los Angeles real estate professionals to reveal everything that realtors do for their client before the actual buying or selling of the home. Viewers will finally be able to learn the nitty-gritty of the real estate process including how real estate agents price homes, the art of the real estate negotiation, how to prepare a home in order to sell quickly, and veteran tactics used for bidding on homes. 

The first episode of Real Estate Confidential is one that foreclosure flippers and those at risk of being foreclosed want to pay close attention to as the housing market cools into an environment that is more difficult to own and invest.  Los Angeles real estate broker, Anne Russel, is tasked to help the owner of a fixer-upper avoid foreclosure. Russel works diligently and tactfully as she attempts to bring the owner out of dept by selling his home well above the current market value.  At the same time Russel is juggling two home flippers in Encino, California who need to sell there house and find another at the right price.

Foreclosure Flippers and home buyers alike can learn a lot from this show. The current subprime lending market has many feeling pressure of possible foreclosure.  Real Estate investing in foreclosures is also proving to be more difficult with the increased rate of mortgage defaults. When the housing market heats back up hopefully you can approach the real estate market from a more educated perspective. www.foreclosurefetcher.com has several free informational resources that can help you in your search for the most profitable flip, or best deal on your dream home fixer-upper.

There is consistantly a lot of buzz surrounding foreclosures.  Real Estate errupted into the entertainment world, and as a result a lot of unique home buying and selling experiences are reaching the masses and becoming generally thought of as truths, when in fact many of them are myths.  Shows about foreclosures, and other fixer uppers are no different.  Take note of these ”5 Foreclosure Falacies” provided to you by www.ForeclosureFetcher.com.

1. Buying a foreclosed home from the bank is the best way to purchase a foreclosed home.
2. Lenders are ALWAYS eager to get foreclosed property off their hands.
3. ALL mortgage lenders advertise and manage their foreclosures in the same way.
4. When purchasing a foreclosed home from a lender there are probably liens against the title.
5. A bank can not make profit when selling a foreclosed home.

 Go to, http://www.foreclosurefetcher.com/foreclosure-info/Fact-and-Fiction-About-Foreclosures, to learn about the details of each of these fallacies, and how the truth can help you buy or sell a foreclosed home.

Foreclosure Fetcher is not only providing you the search tools for your next affordable home.  Foreclosure Fetcher is here to be a general real estate learning resource.  If you are buying a home and in need of a loan make sure you are not easy prey for the loan sharks out there.  Here are ten easy ways to stay informed: (See the full article here http://www.foreclosurefetcher.com/foreclosure-info/How+to+Avoid+Loan+Fraud)

1. Attend an educational course on homeownership offered by the U.S. Department of Housing and Urban Development (HUD)
2. Be fully informed about the price of surrounding homes in the neighborhood
3. Hire a home inspector you can trust.  Be sure to get references
4. Always be suspicious if someone tries to steer you to one lender.  Shop around and compare.
5. Never make a false statement on your loan application, i.e. overstating your income, the source of your downpayment, debt information, or how long you have been employed.
6. Interview real estate agents to help in the home buying process.
7. Never borrow more money than you know you can afford to repay.
8. Never sign a blank document or a document containing blanks.
9. Read everything you sign.  Ask questions if there is something about the loan process you do not understand.
10. Finally, Foreclosure Flippers intending to resell, do state on your loan application that you intend to occupy the house if you are renting it.  This violates federal law and is a crime.

All you foreclosure flippers out there be sure to check out the new article on Real Estate Investing, entitled How to Raise the Value of Your Property (http://www.foreclosurefetcher.com/foreclosure-info/). Learn some great real estate investing tips that will increase your profit without an incredible amount of effort.  Foreclosure Fetcher is dedicated to passing on helpful information that will make the buying and selling process go as smooth as possible for experienced foreclosure flippers, seasoned real estate buyers, and those just starting out in this excited field.

Many of you are waiting until the new year to make any big purchases like investing in a house.  That’s a good idea because this time is best spent with family and friends.  You will, however, have a lot of down time while you are out of work or away from home.  This down time is a great time to do some research about buying foreclosed houses.  Foreclosure Fetcher has the foreclosure tools you need to make your early 2007 investments more productive and profitable so make sure to take full advantage of everything this site has to offer.

It’s no secret that buying foreclosed property is a good investment, but the problem for many is finding foreclosures to buy.  That’s why Foreclosure Fetcher has worked day and night to bring you the most comprehensive and up-to-date listing of foreclosures in your area.  When you need to find a foreclosure simply visit ForeclosureFetcher.com or visit the link above.  Foreclosures are listed by state with the areas with the most foreclosures highlighted with stars.  It is very easy to find a foreclosure close to your home.  If you are looking for a foreclosure in Colorado all you need to do is browse through the large collection of foreclosed properties that are listed in the area dedicated to Colorado foreclosures.  The same goes for every other state as well.  You have everything you need in one tidy place at ForeclosureFetcher.com

See also the foreclosure guide