Foreclosure Fetcher Blog

If you suddenly feel the urge to move to Michigan or already live there and want a new home, don’t buy a new home without looking into the many foreclosure homes Michigan has to offer. Even if you’ve never considered the possibility of purchasing a foreclosed home before, a Michigan bank foreclosure can offer you opportunities you might never have found otherwise. Feast your eyes upon Foreclosure Fetcher’s list of the Top Five Reasons To Buy A Michigan Foreclosure.

1. Michigan is number 3 in US foreclosures: With so many available foreclosed homes, you’ll be able to find the perfect home for you and your family. The number of available foreclosure homes in Michigan will allow you both flexibility and time when searching for your home.
2. 3 of the Top 100 Best Places To Live: According to Money magazine, Michigan is home to three of the nation’s top 100 towns to live in.
3. Economic opportunity: Michigan, and particularly Detroit, provides many jobs in the automotive, computer, and engineering fields. New technologies in these fields are leading to renewed growth. You can take advantage of this growth without breaking the bank by living in a Detroit foreclosure.
4. Natural wonders: In addition to the Great Lakes, a Michigan foreclosure would allow you to experience a number of natural wonders including waterfalls, forests, rivers, dunes, and fun getaways like Mackinac Island.
5. Scenic beauty: Though few realize it, Michigan has more miles of coastline than any other state except Alaska, and it is the U.S. state with the most lighthouses. Imagine being able to access this rustic beauty while being a stones throw from a booming metropolis.

Georgia Foreclosures appear on the rise. The number of April foreclosed homes in Georgia increased 5.64% from March; a 38.85% rise above April 2006. Georgia ranked 6th in April for total number of foreclosures in the nation. Currently the state experiences 1 foreclosure filing for every 433 homes.

The foreclosure market in the United States is up 62% from last year. For every 1 foreclosed home there are 783 households. While the current state of America’s real estate market tells a sad story for victims of foreclosures, opportunities for real estate investing are on the rise. Foreclosure Fetcher provides useful services for foreclosure flippers looking to turn a profit from buying distressed property, pre-foreclosed homes, hud homes, and foreclosed homes.

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.

Here are some highlights from the below article on the Connecticut foreclosure market appearing in www.nytimes.com on March 18, 2007.

1. A slow housing market and continued growth of risky mortgage products is leading to increasingly  high foreclosure rates in Connecticut.
2. 1,451 February foreclosure filing in Connecticut; 61% higher than last year.
3. Connecticut was 17^th in the nation for foreclosure rates in 2006; one foreclosure filing for every 118 households

Foreclosure flippers and homebuyers in Connecticut be sure to read this article, and then check out the Foreclosure Fetcher Connecticut Market page at http://foreclosurefetcher.com/connecticut.html.

March 18, 2007
In the Region | Connecticut

A Surge In Foreclosure Filings

By LISA PREVOST
AFTER 20 years as a lawyer, David Volman has handled enough divorces to know that many marriages collapse under financial strain. So when his practice, in Shelton, began receiving an unusually large number of divorce cases last summer, Mr. Volman took it as an omen. “Divorces go hand in hand with foreclosures and bankruptcies,” he said.
Sure enough, in the first two months of this year, Mr. Volman took on some 50 bankruptcy cases, an “enormous amount,” he said, given that in all of 2006 he handled 19.
Many of the cases involve working-class couples in the Lower Naugatuck Valley who can no longer afford their mortgages. “People are walking into my office and saying: ‘Here are the keys. Do whatever you have to do. I just want to get out of this so I can sleep at night,’ ” he said.
A slower housing market and the proliferation of risky mortgage products continue to drive up foreclosure rates across Connecticut. Preliminary figures for February gathered by RealtyTrac Inc., a national online marketplace for foreclosure properties, show a total of 1,451 foreclosure filings in Connecticut, a 61 percent increase over the corresponding period last year.

(more…)

Foreclosures in Lee County, Florida are skyrocketing.  It’s the same story about adjustable loans that are now getting people into trouble.  Over 2000 houses have been foreclosed on this year in Lee County alone.  When you combine the rise in insurance with the higher mortgage payments it is just too much for many and they are forced into foreclosures.  If you live in southwest Florida and you are interested in buying a foreclosure this is a good time to do it.

Below is the press release when ForeclosureFetcher.com was launched a few weeks ago. 

COMPREHENSIVE FORECLOSUREFETCHER SITE LAUNCHED BY BARGAIN NETWORK.

SANTA BARBARA — Finding foreclosures has never been easier. Bargain Network is pleased to announce the launching of its newest site, ForeclosureFetcher. This comprehensive site not only allows the user to search up-to-the-minute listings for foreclosures, preforeclosures, and HUD homes, but it also provides a wealth of information. For a limited time, you can enjoy all of these benefits with your FREE 7-day trial!

ForeclosureFetcher takes the legwork out of finding your perfect home.  Extensive lists of over 700,000 available properties across the nation mean you can find a home in your price range faster and easier. Simple and informative listing pages allow you to examine different homes hassle-free. Search homes by price, state, or even ZIP code!

Still want to learn more about foreclosure and related topics? Looking for tools that might facilitate your search? ForeclosureFetcher has everything you need. A section devoted to foreclosure basics is packed with articles such as “Guide to Buying a Foreclosed Home” and “Getting Started in Real Estate Investing.” ForeclosureFetcher also offers all the important tools you need — including a mortgage calculator, property value checker, and more — in one convenient place. Get to know ForeclosureFetcher better thanks to down-to-earth FAQ’s, genuine testimonials, and a thorough About Us section. Find everything you need to locate and learn about your next home with your FREE 7-day trial to Bargain Network’s newest addition: ForeclosureFetcher.

The state of the day with news about record foreclosures is New Hampshire.  A report by Foreclosuresnh.com stated that foreclosures are up 214% over last year.  Again, this is good for investors.  If you are looking foreclosures in New Hampshire use Foreclosure Fetcher to find foreclosed homes in the location you are interested in buying.   

This is the blog behind the ForeclosureFetcher.com website.  Foreclosure Fetcher has been carefully built with you in mind.  Our goal is to make it easy for you to find affordable foreclosures and pre-foreclosures.  Through this weblog we will keep you updated with foreclosure news, articles, and useful bits of information to help you make better decisions when buying a foreclosure.  Make sure to browse the ForeclosureFetcher.com website and take advantage of all the useful foreclosure investing information.    

This is the blog for ForeclosureFetcher.com.  Foreclosure Fetcher is a site dedicated to helping you find affordable foreclosure or pre-foreclosures.  The team at Foreclosure Fetcher has years of experience and has used that experience to bring you the most comprehensive and easy to use Foreclosure website ever.  Please check this blog often for updated foreclosure news.