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Moving forward in today’s housing market.

May 2, 2009

One of the most important things that people have to keep in mind today is that we need to keep moving forward in today’s housing market. This is the only way that we are going to truly come out of this housing crisis. For the people that announce that there is no crisis in this country, they are wrong. However, with that said, not every area or market in the United States is effected the same way. Therefore, they might not have a crisis in their area or housing market. These pockets are great in respect to leading the rest of the country to get out of the current funk. Read More

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Foreclosure Rescue Program Could Be A Scam

March 9, 2009

Desperation is an awful feeling. At some point in our lives most of us have felt desperate about something; be it that final exam, theft of a credit card while on vacation, or a job loss. It is also a sad truth that some scammers and cons use this very desperation to prey on people when they are most vulnerable. In many cases, those who feel they are in a desperate situation just want to feel some amount of control so they may accept certain assumptions or propositions that they might otherwise dismiss out of hand. During this vulnerable time it is important to explore options that are available to help restore your sense of control and stability. It is also important that you arm yourself with tools to help insure that your vulnerability does not permit you to make normally unthinkable decisions. In the following article Fred Chamberlin discusses some steps that homeowners who are facing foreclosure can do to protect themselves. Read More

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203k Streamline – Turning Foreclosures Green

February 21, 2009

With economic turmoil in many real estate markets it should come as no surprise that foreclosures are also up in many areas of the country. This awful truth has resulted in many properties now sitting empty. The following article by Fred Chamberlin presents some great ideas on how to revamp some of these vacant properties to make them more environmentally friendly and more attractive to potential buyers. Read More

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I lost my home

February 13, 2009

In today’s market and economy, this is a statement that I hear why to much. My heart goes out to all of the people that have had to endure through a foreclosure or a short sale. But, I am here to tell you that this is not the end of the line for you. There is light at the end of the tunnel. I wrote an article a while about about starting over after foreclosure. I have decided that it would be a benefit to bring that very article right here to PREP. It is so important that anyone that has gone through a foreclosure or a short sale realize that they are not stuck renting for the rest of their life. Bad things happen to good people, so keep your head up. Read More

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Buying a Foreclosure – choosing a contractor for the repairs!

February 6, 2009

Fred Chamberlin has been working on a series about buying a foreclosure. This is another edition in that series. I think that he brings out a good point that when you buy a foreclosure, you will need to find a license contractor that will be able to complete all the repairs that will need to be done. Read More

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Ready to buy the Foreclosure? Get a REALTOR®!

February 5, 2009

A couple of days ago Fred Chamberlin wrote an excellent article, Buying Your Home: Do You Want To Buy a Foreclosure? In that article he discussed many of the issues that a prospective home owner might encounter when buying a foreclosure. In this post Fred discusses the importance of having a Realtor® that is knowledgeable and trustworthy to represent your interests. Read More

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Renters And The Reprieve

January 11, 2009

Once again, Rich produces a quality story that brings benefit out of this current crisis. This time, he focuses on the benefit that the renters are entitled to for homes being foreclosed on. Read More

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Three More Weeks

January 10, 2009

Here is a post written by Rich Dansereau, co-owner and co-author of Positive Real Estate Professionals. In this particular article, he is discussing the reprieve on foreclosures that both Fannie Mae and Freddie Mac have granted. If you have any question, please fell free to ask. Read More

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Life after Foreclosure

October 24, 2008

Foreclosures have been going on in the mortgage industry for as long as I can remember. However, it has never gotten as bad as it is now. Before we go any further, lets take a look at what a foreclosure is. Foreclosure is a legal proceeding that is brought about by the mortgagee (legal term for the mortgage lender) or any lienholder (a person, company, or entity that has a lien against the property) against the mortgagor (the legal term for the borrower or person that is responsible to pay back the note). The proceeding is meant to sever all rights to the property that the mortgagor has. Read More

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