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Foreclosures & Short Sales

Foreclosures have hit record numbers in our country. I'll tell you why it's happening and how to prevent it from happening to you. Helpful Guides and Links:
Foreclosure guide
Refinancing Guide
FHA Refund Guide
Discuss it: Real Estate forum
Resources & Contacts

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Home buying and selling mistakes

We're coming up one of the housing market’s peak buying and selling times. With that in mind, what are the biggest mistakes made by both sellers and buyers? For sellers, I find the number one mistake they make is in selecting an agent. If you're interviewing agents, don’t list with ...

Monetary compensation for your foreclosure?

A new settlement could put a check in your mailbox as early as next week if you rightfully or wrongly went through a foreclosure in 2009 or 2010. CNNMoney reports the $3.6 billion foreclosure settlement could impact customers who worked with mortgage servicers like Aurora, Bank of America, Chase, Citibank, ...

Real estate investing in a post-bubble market

Real estate investing in a post-bubble market

When most others are afraid to act...economics show that's when you should seize the opportunity. Clark discusses the "get rich slow" tack of real estate investing.

Job counseling for homeowners

Job counseling for homeowners

Talk about a hand-up, not a handout. One of the nation's largest banks has a novel approach to helping homeowners avoid foreclosure…and it involves helping them find new jobs!

Fifth Third Bank helping unemployed customers find work

One of the nation's big banks has a solution to mortgage default that comes about because of sudden unemployment or underemployment: Job hunting help for mortgage holders! The Chicago Tribune  reports Fifth Third Bank has a pilot program where it teams up with employment firm NextJob, Inc., to assist mortgage ...

Increase in home equity bodes well for worker mobility

Equity in homes is going up for the first time since the real estate bust began. That's a clear sign of recovery in so many places. One third of Americans who have a home now own it free and clear, according to the latest data from Zillow. The cities where ...

Fewer homeowners in Butler and Warren counties had new foreclosure cases filed against them in August than the same month a year ago, based on statistics from local clerks of courts. More than 250 cases were filed last month in Butler County and 98 in Warren County, according to figures provided to the newspaper by officials with the clerks’ offices. In Butler County, that’s down almost 27 percent from the same month a year ago when 343 cases were filed. Year-over-year in Warren County, foreclosure filings are down less than 10 percent from 108 cases filed August of 2011. These are filings of initial complaints by lenders against delinquent mortgage payers.

FHA: Recent foreclosure? No problem!

The FHA is undertaking a controversial move that could either help alleviate the inventory of foreclosures on its books or present a real moral hazard for taxpayers. If you were foreclosed on 3 years or more ago, you are eligible to buy again under the FHA home loan program. This ...

ClarkHoward.com and The Clark Howard Show are your source for housing and real estate information.

Foreclosures no longer a deal?

The screaming deals on foreclosures are drying up in much of the country, according to the latest data from Zillow.com. The average discount on a foreclosure today is 8% below an equivalent non-foreclosure house. The 8% discount isn't worth it because typically a foreclosure needs a lot of work. So ...

Real estate flipping...is back?!

Real estate flipping...is back?!

One of the most dangerous trends that led to the real estate bust is back. But this time, it might not end so badly for you. Could what's become the hot thing again become a new income stream in your life?

New hope for upside-down homeowners

New hope for upside-down homeowners

New rules coming in November could allow you to do a short sale under many circumstances even if you're not behind on your mortgage.

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