Foreclosures

Foreclosures can be a difficult topic. No one likes to see a homeowner stripped of that dream, whether because they've made bad choices, fallen on difficult times, or been victimized by predatory lending.

Still, the fact of the matter is that foreclosures do happen. And today, they're happening at an increasing, perhaps even alarming, pace. Interest rates have crept up, placing pressure on buyers holding adjustable rate mortgages. At the same time, sales prices have largely flattened, eliminating the gains in appreciation that many homeowners had counted on.

So as more foreclosure properties come on the market, it's not surprising that interest has grown among buyer-investors who often believe that they can purchase a home at a deep discount, make a few necessary improvements, then either sell the property at a profit or use it for rental income. In some cases, this may be possible. But it would be grossly inaccurate to characterize this as easy money.

However, if you are diligent in your pursuit of foreclosures, there are good deals to be made in Real Estate through the purchase of foreclosure properties!

This site is designed to give you as much information as possible to help you understand the foreclosure process, give you a link to active foreclosure listings as well as offer hope to those who may be facing foreclosure or pre-foreclosure.

Foreclosure Report Hits Home

RealtyTrac, a leading online site for foreclosure properties, released its 2007 Midyear Metropolitan Foreclosure Market Report this week. The report shows Stockton, Calif., Detroit and Las Vegas documenting the three highest foreclosure rates among the nation's 100 largest metropolitan areas  during the first six months of the year.
      
 Three Tennessee cities were on their list, with one city - Memphis, TN - making it into the top 10, at  number 9, with 1foreclosure for every 49 households.  Nashville was ranked 61st, with 1 foreclosure for every 161 households; and Knoxville ranked 77th, with 1 foreclosure for every 246 households.

BUYING??? INSIST ON BUYER REPRESENTATION!

• It's your RIGHT!

• It's your PROTECTION!

• It's already PAID FOR in the price of the home!

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  WATCH: Video on Mortgage Fraud

  Freddie Mac's two-minute YouTube video uses professional actors
  to demonstrate how con artists prey on foreclosure victims and:

          * Get copies of foreclosure notices at City Hall or a county courthouse;
          * Persuade distressed borrowers to give up the deeds in exchange for suspicious promises to solve their financial problems;
          * Use the deeds to secure new loans for themselves; and,
          * Let the new loans go into foreclosure, which means the
  homeowners looking for help can still end up losing their house.

  See the video at

         http://www.youtube.com/AvoidFraud

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It's important you know that I have time for you, your family, friends, and neighbors who could use my help right now! My commitment is to make every client outrageously happy!

Visit www.CallSydney.com for complete Real Estate information!

Visit www.ListedBySydney.com to search all Middle Tennessee properties for sale!

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© Sydney McDuffie 2008