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Idaho Foreclosure News
There are many aspects of real estate but foreclosure can be not only intrigueing but profitable.
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Monday, October 01, 2007
Boise And Nampa Foreclosure Real Estate begins its march. As I visit the Ada and Canyon county courthouse each morning I continue to see the filings of Notice of Defaults rise. Although this is most distressing to the homeowner it opens doors of oppurtunity for the real estate agent and investor. Homes are being picked up for pennies on the dollar! In Ada county the filings rose from 112 in August to 132 in September! That's an 18% increase! For a complete list and to view the details of these properties logon to www.IdahoDataProviders.com.
Posted by Charlie Nate at 10/1/2007 3:43:00 PM
Friday, September 21, 2007
FHASecure expands the number of borrowers eligible for FHA- guaranteed loans to include homeowners in default. FHA borrowers take out loans from about 8,500 qualified lenders, paying an added insurance premium. Their monthly payments are guaranteed by the Federal Housing Administration, which covers defaults from the pool of insurance payments, using no taxpayer money. In addition to not missing any payments before their mortgages reset and having at least 3 percent equity in their homes, eligible borrowers must have a job and the income to cover the payments, said Steve O'Halloran, spokesman for the Department of Housing and Urban Development, which oversees the FHA.
Posted by Charlie Nate at 9/21/2007 3:12:00 PM
Friday, September 14, 2007
I have attached an article by Herb Weisbaum MSNBC contributor which warns people in foreclosure about the newest scams by companies being brought to the BBB's attention. These companies continue to pop up everywhere foreclosures are on the rise.
Posted by Charlie Nate at 9/14/2007 9:49:00 AM
Tuesday, September 11, 2007
Many people are wondering just how long this housing slump will last and when the forelcosure numbers will reach their peak. Many factors will come into play affecting these numbers such as the goverment stepping in to solve some of the subprime lending issues. Credit rating agency Moody's Investors Service says it will continue through 2009! IdahoDataProviders.com has updated its August stats for Notice of Defaults filed but read the attached article for a national overview.
Posted by Charlie Nate at 9/11/2007 11:16:00 AM
Wednesday, August 29, 2007
IdahoDataProviders.com collects defaults daily! Here is a graph to give everyone a visual of these filings.
Posted by Charlie Nate at 8/29/2007 1:34:00 PM
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