Foreclosed properties are properties that have been repossessed by a lender due to the owner’s inability to pay their mortgage. These properties are often sold at a discounted price, making them an attractive option for investors looking for a good deal. If you’re considering investing in real estate, here are a few reasons why you […]

NEW YORK (CNNMoney) — Foreclosures continued to plague the U.S. housing market last quarter, while a a growing backlog has caused the length of the foreclosure process to drag on and on. Nationwide, foreclosure filings totaled 610,337 in the third quarter, an increase of less than 1% from the previous quarter, said RealtyTrac, an online […]

Price-conscious home buyers are lured by the low prices advertised for properties in foreclosure. They hope to show up at the auction and win the lowest bid. However, many of these homes are not available for inspection prior to purchase. Is it smart to buy a home that you cannot inspect? Could be if the price was […]

Buying a foreclosed home is a little different from buying a typical resale 5 steps to buying a distressed property Get preapproved for a mortgage. Find an agent specializing in foreclosures. Know how long it takes to sell a home in your price bracket. Study the sale prices of comparable homes in your area. Remember […]

There’s almost nothing more stressful – and more soul-crushing – than the specter of losing your home because you can no longer keep up with your mortgage payments. Thousands of homeowners across the United States are living with this fear, and many of them are convinced that it’s too late to avoid the worst. That, […]

Question: Should We Walk Away From Our Home? A reader asks: “My husband and I bought a home at the height of the market and now it is worth less than we paid for it. Not only has our value dropped, but we owe more to the mortgage company than our home is worth.We both have good […]

When your neighbor’s home goes into foreclosure, it’s generally foreclosed by the bank quietly and with little fanfare. In a falling real estate market, many banks are understaffed and unprepared to handle the huge volumes of foreclosures, which means that home may not go back on the market for months, maybe years. But that doesn’t […]

Note: This US based article may provide tips applicable to us in the Philippines looking for foreclosed properties. Take it with a grain of salt :) Are you having trouble keeping up with your mortgage payments? Have you received a notice from your lender asking you to contact them?. If you are unable to make […]

The Philippine National Bank was established in 1916 as a bank of the people. It was for some years. After the Second World War, PNB slowly became the bank of the then powerful sugar block, fired by Parity Rights for American citizens and preferential sugar price under the Laurel Langley Agreement. Under private ownership headed […]

The Philippines’ thrift lenders are currently in the process of collecting and consolidating inputs to draft a proposed law that will “cut banks’ time and effort” in foreclosing and selling assets. The proposed law is expected to assist “thrift banks in sell[ing] foreclosed assets faster so that it will have more cash to lend to […]