Hawaii foreclosure process

Posted by Foreclosure Guru at 7:45 AM

Monday, February 2, 2009

There are two options for foreclosures in Hawaii. One if as a non judicial settlement and the other is an in-court settlement. Almost all non judicial home foreclosures take about six months, while an in-court settlement can take about eleven months.

Period of Pre-foreclosure

Non judicial settlement for foreclosure is allowed in Hawaii. But the settlement must be according to the clause of sale described in the mortgage deal. This may also mean that the borrower will have to be notified by the lender if there is any default on the loan taken before the lender starts the foreclosure process.

An in-court settlement process is initiated when the lender files and application against the borrower for default in payment. The notice of the foreclosure is delivered to the borrower by the lender, or the noticed is published if the borrower cannot be contacted. The borrower gets 20 days to respond to the notice of the court. If the borrower fails to respond within this time, then the court rules the borrower in default and the lender is given the permission to schedule the sale for foreclosure. However, a notice of appeal ca be filed by the borrower with 30 days from the time the court declares them as defaulters.

If the borrower wants to stop the foreclosure sale, he/she is required to pay the total amount of default including any associated fees 3 days prior to the sale.

Auction Notice

Notice for non judicial foreclosures sale should include the following information – date, time, location description of the foreclosure, the sales deed terms, and the names of both the lender and the borrower.

The notice also needs to be delivered or mailed to the borrower, while one copy of the notice has to be posted on the property going under the hammer, no less than 21 days before the sale date. The lender can also publish the sale notice in any local newspaper once every week for a total of three successive weeks. And the last notice should be published no less than 14 days before the sale is due. The foreclosure sale is an auction held so that the highest bidder can buy the property. If the sale/auction is rescheduled for any reason, the sale notices will have to republished and resent in keeping with the requirements of the law.


A commissioner is the person who is appointed by the court to oversee and conduct the sale of the property in case of in-court foreclosures. A notice of the sale is published by the commissioner in any local newspaper. The notice will include the date for the auction and open house dates if there are any. The sale is open for all. However, the winning bidder will have to pay at least 10% of the bid amount in either cash or through a cashier’s check. Any person who bids the highest doesn’t necessarily become the owner of the property unless the court approves of the bid as a fair price and confirms the sale. The bidding will continue until such a confirmation is received from the court.

In the State of Georgia, the borrower loses the right of redemption once the foreclosed property is sold.

A fresh surge of Seattle foreclosures

Posted by Foreclosure Guru at 10:09 AM

Tuesday, January 27, 2009

There has been a fresh surge of Seattle foreclosures in 2008. In the first quarter of 2007, Seattle saw 760 foreclosure filings, which were 16.7% up from the previous month. In April, though the situation was a bit better with Seattle closing at a rate of one per 1287 homes. As a result of constant foreclosure activity, the market for residential housing has completely opened up for both home-buyers and investors. As of today, there is a huge surplus of foreclosures in Seattle and hence if you are looking to invest in property then here’s your chance. The largest city on the Pacific Northwest region with a population of 582,174 has enough space to accommodate many more. In fact there is a trend these days of investing in Seattle home foreclosures and it has even led to a downfall in the real estate prices. You can easily get some of the top class Seattle foreclosure homes for a discount of as much as 15% on the market price. If that is not enough, let us tell you that these homes are situated in Magnolia, Columbia, University District, Green Lake, Ravenna and South Park among many others.

Find listings of Seattle Foreclosure

If you are a first time homebuyer then finding Seattle foreclosures will not be an easy task. You will need expert help and that is why we are here to help you with guidance from industry specialists and updated Seattle foreclosure listings. All you will need to do is visit us at ForeclosureDatabank.com and sign up for a 7-day trial membership. Our listings include all old and new Seattle bank foreclosures for sale. There are different types of homes available here apart from REO, HUD, VA properties to all kinds of Seattle bank foreclosures. This is the bargain of your lifetime! Just click here and start looking at Seattle foreclosures.

Is Repo Home Investing A Great Option?

Posted by Foreclosure Guru at 1:01 PM

Monday, January 26, 2009

Repo homes are basically repossessed homes and they are great foreclosure investments that many professional investors and homebuyers are looking at. Government repo homes investing is one of the best real estate bargains you can have. You would probably be asking the question: how are repossessed homes different from other foreclosure properties or what are repossessed homes? Well! Repossessed homes are not really any different from any other foreclosure. Basically when a lender files a notice for foreclosure on home that is insured by an FHA loan then the government reimburses the lender and takes possession of these homes. Hence they are known as repossessed homes. If you are interested in repossessed homes investing then you will have to buy it from a real estate public auction.

Repo homes and real estate owned properties are the same. If you are a new investor or a first time homebuyer with a low budget but are looking for a well structured property then investing in repo homes is the best option. The government offers great repo homes investment opportunities because they don’t like to pay for maintenance and taxes towards the home. The idea is to get as much possible out of the losses incurred by the government and hence the repo homes are put up for sale at a low price, which is affordable for most homeowners and investors. This is why repo homes investing are considered as one of the best and sound investments in real estate.

As a homebuyer, you can save as much as 25% on each of the repossessed homes investment because the costs of the repo homes are much lower than the actual market price of the homes. You can find listings of repossessed homes with government agencies as well as online. You need to carefully analyze the listings before you can think of actually investing in repo homes in a particular region, city or county. One of the important aspects of repo homes investing is that you need to inspect the property before you take a decision of bidding on it. Most of the repo homes may require some amount of repair.

You can find some great price tags if you are thinking of investing in repo homes like a single family, 2bedroom/1bathroom repo home in Lyman, Spartanburg, is priced at around $64,500. Similarly a 3bedroom/2 bathroom repo home in Anderson, Madison – IN will cost around $54,900.

Monday, November 24, 2008

If you are looking for worthwhile investment, you should not look any further. Foreclosure homes are known to offer investors and buyers with much return potential. These foreclosed homes are properties that were re-possessed from their owners due to mortgage default. Some of these foreclosures will be sold at foreclosure auctions while the other foreclosure homes will end up as bank foreclosures or real estate owned properties.

Any of these home foreclosures will guarantee buyers with much savings. In fact, it is not impossible to find cheap homes being sold at a fraction of their average market prices. Buyers and investors can even enjoy savings for as much as 50%. In addition to the enormous savings, you will also be guaranteed of instant equity.

The housing market is currently providing buyers with a large inventory of foreclosed homes. You can choose from thousands of bargain foreclosure homes that include pre-foreclosures, foreclosures at auctions, bank foreclosures and HUD foreclosures - all sold at very low prices.

Foreclosure homes are just perfect as rental homes or fixer uppers. Even with repair or remodeling costs, you will still be able to enjoy a considerable return on your money. Some buyers choose to search for foreclosure homes the old-fashioned way - browsing newspaper ads or checking out neighborhoods. Today, successful real estate investors know how important it is to use efficient search tools like foreclosure listings.

To enjoy great deals on foreclosure homes, all you have to do is utilize the foreclosure listings offered by Cheap Foreclosure Homes. These foreclosure listings are regularly updated and checked for accuracy so buyers like you can grab the hottest foreclosure homes for sale. In no time at all, you will be able to find the ideal foreclosure home that will fit your needs and budget!

Sometimes a change is a good thing. Moving from one locale to another can often bring about positive results. But it is stressful. There's always the big question. Should I rent or should I buy? Let's look at one way you could buy as cheaply as you can rent. It involves Tulsa foreclosure listings. How you may be wondering?

That's easy to answer, Tulsa foreclosure listings. Quite simply you just look through the Tulsa foreclosure homes and find yourself a property you're interested in. The key here is to remember that you can save up to fifty percent off of fair market value. That puts a major dent in the whole renting idea doesn't?

Tulsa foreclosure listings have numerous ways to buy; you can save time and money by dealing directly with the defaulting owner in what's called the pre-foreclosure phase. You can also choose to deal with the bank in the regular foreclosure phase. Purchasing Tulsa foreclosure homes by dealing with the bank, allows you to negotiate a price and you can find several different homes with Tulsa foreclosure home listings.

Or, you can save the most money and buy at auction. This is the most cost effective type of the Tulsa foreclosure listings. Now what you do is, just like before, flip through the Tulsa foreclosure listings, find a home you like, and save up to fifty on the fair market value.

Beware of Foreclosure Rescue Scams

Posted by Foreclosure Guru at 5:44 AM

Friday, November 21, 2008

Foreclosure rescue fraud is everywhere. They may appear as real specialists but all they want is to strip you off your home s equity. Beware of such scams and prevent foreclosure yourself.

Real estate will always be profitable; that is just a fact of life. The difficult thing is getting in on the business; it usually requires a large initial investment or a major streak of luck. You don't need either in Milwaukee. Foreclosure listings are your answer.


It's simple; with Milwaukee foreclosure listings you can peruse homes on the market that will give you the most bangs for your buck. For instance, did you now that with Milwaukee foreclosure homes auctions you can save up to fifty percent off the market value? It's true, and imagine if you flipped right around and sold your recently purchased Milwaukee foreclosure listing at fair market value. That would be one hundred percent profit!


Not to bad, huh?


Just imagine doing that two or three times, by then you would have enough money to search the Milwaukee foreclosure home listings for some properties to convert into rental units. Then you would have a steady stream of income. You could augment your income, or you could quit your job and go headlong into real estate. Milwaukee home foreclosures give you the opportunity to get in on the ground floor of an always profitable business.


To be sure there will always be challenges, but you won't have to be hassled by real estate agents or con men looking to make a quick buck. The most positive aspect of Milwaukee foreclosure listings is that you ultimately have power over your own destiny.

Wednesday, November 19, 2008

California homebuilders worry about the continued slump in the housing market due to continued foreclosures and the slow sales of foreclosed homes.

Some Tips in Buying an REO

Posted by Foreclosure Guru at 5:25 AM

Tuesday, November 18, 2008

Bank foreclosures are great buys but you need to know the ups and downs of buying such properties before you are sorry. Be guided with the tips shared by experts.

Monday, November 17, 2008

Cannot pay your mortgage because of your credit card due? Save your home from foreclosure, as your bank will help.

Purchase Saint Louis Foreclose Homes Now

Posted by Foreclosure Guru at 5:05 AM

Friday, November 14, 2008

You can definitely find great real estate bargains in Saint Louis. This is because there are so many properties that are currently sold in the market for a very special price. They are usually discounted from 5 to 50 percent. Buying Saint Louis foreclosure homes can save you big bucks.

St. Louis has so much to offer for its residents. Very much popular for being the gateway to the West, it has been the constant cultural and business portal for those who are living in the U.S. Midwest. That’s why it’s a perfect place to settle in, especially if you are dreaming of opening a very flourishing business with a wide target market.

You can get a good spot in St. Louis by buying a good apartment in the cit or a residence in the suburbs, which is practically excellent if you are thinking of starting your own family. You can also purchase cool deals of foreclosed homes and earn major profits out of them.
If you like to purchase a Saint Louis property, you can subscribe to MostlyForeclosures.com. We have the largest database of foreclosure homes. These are actually seized or controlled properties that are sold by a government agency, bank, or a private lending company. This happens whenever a home owner can no longer cope with the loan payments. Thus, they usually go on default. Selling the property at a very reduced price is one way of collecting debt, not to mention selling it like hotcakes. You know how inviting cheap real properties can be. These types of sales give you a perfect opportunity to enjoy discounts between 10 to even 50 percent off the actual market value. Searching for home foreclosures in our listings will make sure that you always get the good end at the bargain by continuously update our database. MostlyForeclosures.com also has well-trained customer service representatives to attend to your Saint Louis property foreclosure needs and questions 24-7.

Wednesday, November 12, 2008

City Living That Is Affordable

Chicago foreclosure listings make living in the "windy city" even more attractive. Currently, housing opportunities in Chicago are wide open, and housing is considered to be quite affordable. Many people interested in searching the real estate listings for this city will be pleasantly surprised by the number of homes that are available. Many of these properties are distressed, and they sell for less every single day of the year.

Property Repossessions Are Ideal For Anyone

Chicago bank foreclosures and government repos are a good way to find a home, especially in a city like Chicago. What is there to like about seized properties besides the fantastic low price that you get? There are many things to like about these houses, including great locations, large homes, and the opportunity to put your own personal stamp of style on your new home. Some of these homes need a little bit of your attention, and they become a statement on the many benefits of home ownership. Check this kind of real estate out if you are looking for the ultimate in affordability.

A Nice Way to Buy

Fannie Mae and Freddie Mac homes are a nice way to get you a larger and better home than the one you are living in right now. Stop paying rent, or living in a cramped home that does not give you the kind of lifestyle you want. There is a better way, and we will show it to you by giving you access to all the foreclosures for sale in Chicago.

Monday, November 10, 2008

A brief about Detroit pre foreclosures process.

Thursday, November 6, 2008

If you are looking for a home, you should consider Charlotte pre foreclosures.

Wednesday, November 5, 2008

Consider Richardson foreclosures for considerable savings and profit from them.

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