Archive for the 'Foreclosures' Category

What Banks Will Not Tell You: You May Not Be Liable for a Deficiency Judgment If You Walk Away From Your Mortgage

Published by Joseph Ferrara February 29th, 2008 in Foreclosures, Legal, Mortgages and Real estate. 31 Comments

More and more Americans are facing a decision on mortgage debt they are unable to pay or refinance. Should I declare bankruptcy? You may not have to. You may be able to simply walk away from the mortgage. Most Americans fear making that choice.
The Bank Chase for a Deficiency Judgment
Most […]

Are Lis Pendens Better For Investors Than Foreclosures?

Published by Joseph Ferrara January 26th, 2008 in Foreclosures and Real Estate trends. 6 Comments

The Shriek (Edvard Munch, 1893)
If you are an investor looking to scoop up some distressed property deals, here’s an alternative to buying at foreclosure sales– buying during lis pendens (also known as pre-foreclosure.)
With a lis pendens, you get these benefits:

you negotiate and buy directly from the owner
unlike foreclosures, you can physically inspect the premises
you […]

13. The Best Foreclosures to Buy?

Published by Joseph Ferrara September 22nd, 2006 in 101 posts, Foreclosures, Residential Real Estate and Tips & Useful Links. 0 Comments

According to Wil Grant of Foreclosure Data Bank, banks have the safest and best foreclosures for sale. Just walk into a bank and ask who’s in charge of that department. Get to know this person and maybe you’ll get on his or her short list. Just like RSS. Usually these home […]