Three Things That Won’t Help End the Foreclosure Crisis

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Foreclosure Website Announces Free Advertising for Real Estate Agents

RealtyStore (www.realtystore.com), the nation’s leading provider of foreclosure listings, today launched its Professional Network to connect Real Estate Professionals with thousands of home buyers actively looking for foreclosed properties. With over a million property page views per month, RealtyStore provides free, targeted exposure for members of the Real Estate Professional Network.
http://www.prweb.com/releases/real/estate/prweb919824.htm

Signing up is quick, easy and, unlike most real estate lead generation tools, it is completely free!
Sign up today – Real Estate Professional Network

Foreclosure Investors: $7000 TAX CREDIT ~ Senate Takes Up $15 billion housing fix

“The proposed measures include funding to help borrowers refinance unaffordable loans and help boost activity in neighborhoods with properties in foreclosure. Also in the bill is a tax break for homebuilders, as well as a new tax credit and deduction for homeowners and home buyers. The package also contains measures to make loans that are insured by the Federal Housing Administration – which helps borrowers with weak credit or little or no cash for a downpayment – more accessible.” Read more:
http://money.cnn.com/2008/04/02/news/economy/housing_bipartisan_draft/?postversion=2008040320

If your a real estate agent looking to gain from the foreclosure crises then check out:
Foreclosure Website Announces Free Advertising for Real Estate Agents

If your a homebuyer or investor check out:
RealtyStore – Find Foreclosures in your neighborhood

Check out Foreclosure Investing Guide: Foreclosure Buying and Investing Tutorial and Foreclosure Index Tools

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Bank of America aims to help 265,000 avoid foreclosure (AP)

Bank of America Corp. said Monday after it completes its acquisition of Countrywide Financial Corp. it will modify or workout at least $40 billion in mortgage loans over the next two years to help customers avoid foreclosure.In January, Countrywide agreed to sell itself to Bank of America Corp. (nyse: BAC – news – people ) in an all-stock deal, which at the time of the announcement was worth about $4 billion. The deal is expected to close in the third quarter. Forbes.com – Bank of America aims to keep about 265,000 customers from avoiding foreclosure through the plan. Tenants living in properties facing foreclosure will be able to remain in their homes for 60 days after the completion of foreclosure proceedings, and will get $2,000 to defray moving expenses if they voluntarily leave.”

Bank of America is lending a hand to all those you have been hit hard by the foreclosure crisis.

Read more:
http://www.forbes.com/feeds/ap/2008/04/28/ap4941470.html

NPR- Bottom Line: Foreclosure Ride Along

Some of the worst foreclosure rates in the nation can be found in the California cities of Stockton, Riverside, Bakersfield and Sacramento.

Listen Now at:
http://www.npr.org/templates/story/story.php?storyId=89808305

Hundreds of Homeowners Bring the Foreclosure Crisis to Fed’s Front Door

Every day 8,000 new families fall victim to the foreclosure epidemic
resulting from the sharp rise in predatory mortgage lending practices.
Paulette Colemon, a homeowner facing foreclosure from Champaign, Illinois,
described the nightmare of foreclosure, “It’s hard to buy groceries for my
five kids and grandson. I’ve gotten behind on other payments, like the
water bill. They shut off the water at our house earlier this week.” She
concluded, “When I bought a house I thought I would live out the American
dream.”

Hundreds of Homeowners Bring the Foreclosure Crisis to Fed’s Front Door

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/
www/story/04-14-2008/0004791742&EDATE=


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Stalled housing bill moves forward in Senate
“bill would, for the first time, allow bankruptcy judges to reset mortgages on primary residences. It would also provide $4 billion for local communities to buy and refurbish foreclosed properties; provide $200 million for counseling to help homeowners avoid foreclosure…” read more
http://www.cnn.com/2008/POLITICS/04/01/congress.housing/?iref=hpmostpop

In the latest news, the US Government plans on selling 45% of the gold reserve to in attempts to help homeowners recover their foreclosed homes. As of today 1.34 trillion dollars will be used to help all those affected by the nationwide foreclosure epidemic. More information can be provided by

http://www.usa.gov/shopping/realestate/realestate.shtml

More foreclosure signs are popping up in front of houses across the country.
“Foreclosures went up an astounding 42 percent last year, reaching 1.2 million, according to RealtyTrac. Already in 2007, 2 million homeowners have been late making their mortgage payments, says Moody’s Economy.com”… read more:
http://abcnews.go.com/GMA/MellodyHobson/story?id=3155197&page=1&CMP=OTC-RSSFeeds0312

Tips for buying a foreclosed home
“Foreclosed homes have flooded the real estate market in the Twin Cities. The prices can be very attractive, but if you’re not careful, you may end up paying in the long run”… read more http://kstp.com/article/stories/S234758.shtml?cat=1

Tips for Buying a Foreclosed Home
“Foreclosures went up an astounding 42 percent last year, reaching 1.2 million, according to RealtyTrac. Already in 2007, 2 million homeowners have been late making their mortgage payments”… read more: http://newsguru.newsvine.com/_news/2007/05/10/711290-tips-for-buying-a-foreclosed-home


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March 19, 2008, RealtyStore.com – We have officially re-launched our website offering new foreclosure services.

Here are our new features:

Redesign:
We’ve updated the look and feel of our website and created an easy to use interface.

Listings Page:
You can now search for foreclosures by State, County, City and Zip with any difficulty.

Research Page:
We give users free access to any of the US 51 states Foreclosure Index.
Have a question about foreclosure Laws in you state? Well now you can view Foreclosures Laws by State.
Use our Foreclosure Glossary for a better understanding of foreclosures and the real estate industry.
We’re reinvented our Foreclosure Tutorial to add The Foreclosure Learning Center

News Page (updated daily):
Read up-to-date Mortgage News on our Finance page as well as find a loan program.
We’re tied in our Real Estate News data giving home buyers in-depth articles on the housing market.