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: good book, i think it gave all the info you need. sometimes important items were just mentioned and he could have made a checklist for how to evaluate a worth while property but i don't think he wanted to sway people. everyone has what they believe i...
 

The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distres...
by Thomas Lucier
Amazon Price: $16.47
Customer Review: This book is the perfect start to a career in real estate investments. The author goes into much detail on all the ways of making profits with pre-foreclosures. I highly recommend this to all.
 

Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Day...
by Don Sausa
Amazon Price: $17.96
Customer Review: This week I decided to learn a little more about tax liens and foreclosure deeds. I read the book The Complete Guide to Real Estate Tax Liens and Foreclosure Deeds by Don Sausa. This book in combination with The 16% Solution will give you all the inf...
 

The Foreclosure Survival Guide: Keep Your House or Walk Away With Money in Yo...
by Stephen Elias Attorney
Amazon Price: $16.49
Customer Review: With so many people being downsized and phased out, this is good information to know. Reading this book has helped me understand some of the conversations in my community about foreclosure and families in financial crisis. I think this would make a c...
 

Foreclosure Investing For Dummies
by Ralph R. Roberts, Joe Kraynak
Amazon Price: $14.29
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

• AposPeople Get Tired, Worn Outapos As They Try To Obtain Loan Modifications ...
BigNews.biz press release39People get tired, worn out39 as they try to obtain loan modificationsCulpeper Star ExponentA loan modification has come throughafter a certified mortgage counselor associated with the Virginia Foreclosure Prevention Task Force recently intervened Obama Foreclosure Prevention Plan Lagging, New Data Shows EXCLUSIVEHuffington Post blogTrying to Save a Home From Foreclosure Can be Scary and Costly New Loan Helping upside down home owners stave off foreclosureDetroit Free PressTCPalm Wall Street Journal BigNews.biz press releaseall 85 news articles raquo
• Brockton Activist Takes Foreclosure Woes To Bernanke Boston Globe
Boston GlobeBrockton activist takes foreclosure woes to BernankeBoston GlobeKatie Sandford is a Brockton housing activist and young mother who worries about how foreclosures have damaged her city. Hub activist asks Fed chief to go easy on homeownersBoston HeraldOverheard: Squeeze at the FedWall Street JournalClinton, Bernanke discuss global economy, diplomacyAlibaba News ChannelCharleston Post Courierall 7 news articles raquo
• Foreclosure Listings CEO: Dallas, Fort Worth Homes Sold For 56 HULIQ
HULIQForeclosure Listings CEO: Dallas, Fort Worth Homes Sold for 56HULIQForeclosure sales in Dallas are selling for around half their value. A first quarter auction gave many investors some great deals. The average selling price Outside buyers get a deal on Dallas foreclosuresDallas Morning NewsForeclosed homes in Dallas Fort Worth sold for 56 of appraised valueFort Worth Star TelegramThunderstorms blow through Dallas Fort Worth, but watch still in effectDallas Morning News blogall 5 news articles raquo
• Obama Short Sale Plan Avoids Foreclosure With Less Debt ECreditDaily.com
eCreditDaily.comObama Short Sale Plan Avoids Foreclosure with Less DebteCreditDaily.comA new initiative by the Obama Administration in its slow moving and often criticized foreclosure rescue effort will now offer a short sale alternative that Short Sale Fraud Fears Grow as HAFA Gets Set to PopHousing WireFederal Foreclosure Avoidance Program Does Little For Pa.KYW1060.comAre Short Sales a Solution to Detroit39s Foreclosure CrisisHULIQWall Street Journal CG Newspapers Mortgage Rates Trends blogall 16 news articles raquo
• Bank Of America, Another Wrongful Foreclosure FierceFinance
Telegraph.co.ukBank of America, another wrongful foreclosureFierceFinanceBank of America has allegedly quotforeclosedquot on the wrong house in other cities as well. The suits are piling up. In at least one case, the contractor hired Bank took house and parrot during a mistake repossessionE Canada NowBank sued over 39invasive39 repossessionUPI.comBank of America Hijacks Parrot, Forecloses Wrong HouseAmerican Consumer News blogPittsburgh Post Gazette The Associated Press Thaindian.comall 300 news articles raquo