Real Estate Foreclosure

 Real estate foreclosure is the process of repossessing a piece of real property such as a home.  It is a legal process used by the mortgage holder when the owner of the property is in arrears on the mortgage payments.

In strict foreclosure the mortgage holder takes title and possession of the real estate foreclosed in satisfaction of the mortgage loan.

Most states require a different type of real estate foreclosure process.  In a more common type of foreclosure instead of reverting to the ownership of the mortgage holder, the property is auctioned by the county sheriff or court officer.  Often the mortgage holder will place a bid at the amount of the remaining mortgage to insure that the property is not sold for an amount less than is still owed on the mortgage.  Should other bidders bid the price higher than the amount of the remaining loan, the party foreclosed upon receives the equity portion of the winning bid after foreclosure expenses.  This discourages the mortgage holder from forcing a real estate foreclosure for the purpose of grabbing an owner's equity.

Real Estate Foreclosure Best Sellers from Amazon.com

Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed R...
by Larry B. Loftis
Amazon Price: $14.96
Customer Review: This is probably the best book to buy on the subject, especially if you live in Florida where the author resides.
However, the latest edition is outdated already. There are no tax lien auctions to attend in Florida, as most
all counties h...
 

Investing in Apartment Buildings: Create a Reliable Stream of Income and Buil...
by Matthew Martinez
Amazon Price: $16.47
Customer Review: "Investing in Apartment Buildings" lays a crisp, solid foundation for the idea of building financial independence through the business of multifamily rental properties. The author is inspiring because he has really thought through the difference bet...
 

Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Day...
by Don Sausa
Amazon Price: $16.47
Customer Review: I probably should have read this book first before reading others. This turned a complexed topic into something very simple and the topics from bidding in an auction to even finding auctions are broken down into easy steps. Highly recommended for beg...
 

The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distres...
by Thomas Lucier
Amazon Price: $16.47
Customer Review: There's only one major problem with kind of investing...if the house could be sold for more than the lien it would be sold. One might say it's a good investment to buy it and wait for the market to go up. Well that didn't work either...Because of b...
 

Foreclosure Investing For Dummies
by Ralph R. Roberts, Joe Kraynak
Amazon Price: $14.95
Customer Review: I'm a first time home buyer and I really got interested into foreclosures and tax deeds. Right now there's just a lot out there that's for sale retail price but there's a lot more that's actually discounted through foreclosures. If I can buy the sa...
 

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Real Estate Foreclosure News
GN News

• RealtyTrac: Foreclosures Up In 75 Of Major Metro Areas DailyFinance
Washington PostRealtyTrac: Foreclosures Up in 75 of Major Metro AreasDailyFinanceRealtyTrac, an online marketplace for foreclosure properties, said 154 out of 206 metropolitan areas with a population of 200000 or more saw an increase in Foreclosures up in 75 percent of top U.S. metro areasReutersRealtyTrac:First Half Foreclosures Rise In Most Top Metro AreasWall Street JournalForeclosures climb in 75 of metro areasCNNMoneyBloomberg MiamiHerald.com The Associated Pressall 275 news articles raquo
• Foreclosures Boom Among Nationaposs Most Creditworthy USA Today
AFPForeclosures boom among nation39s most creditworthyUSA TodayBy David Zalubowski, AP By Stephanie Armour, USA TODAY A record number of borrowers once judged the most creditworthy are heading into foreclosure as the Foreclosure starts hit record high for Fannie, Freddie loansInman.comFannie and Freddie Foreclosures Increasing at Fastest Rate YetMortgage Rates Trends blogForeclosures jump among prime US borrowersso calledFinancial TimesWall Street Journal blog BestCashCow.com blogall 385 news articles raquo
• Frisco Soldier Who Lost House To Foreclosure Over Homeowners Dues Gets It Bac...
Frisco soldier who lost house to foreclosure over homeowners dues gets it backDallas Morning NewsThe Frisco soldier and his family who lost their home to foreclosure while he was serving Frisco soldier who lost home to foreclosure while in Iraq gets it backDallas Morning NewsIraq war vet declares victory in Frisco HOA battleWFAAall 6 news articles raquo
• Homes Will Sell If Priced Right Foreclosures Have Impact USA Today
Homes will sell if priced right foreclosures have impactUSA TodayThat can be a lot less in areas where the supply of houses for sale is swollen by foreclosures and short sales, often priced 20 to 30 below the ones being and more raquo
• Whatcom County Foreclosure Rates Rise In June KGMI
The Birmingham News al.com blogWhatcom County Foreclosure Rates Rise In JuneKGMICorelogic reports the June foreclosure rate is up slightly from May and June of last year. Nearly 4 percent of Whatcom County loans are more than 90 days St. George Foreclosure Rates Continue IncreaseMain Street Business JournalCincinnati foreclosure rate continues to riseBizjournals.comLocal foreclosure rate edges down slightlyFresno Business JournalJacksonville Business Journal Dallas Morning News Central Valley Business Timesall 32 news articles raquo