Real Estate

Can Banking Shake The Crisis?

Wednesday, June 11th, 2008

Image via WikipediaWhile Wall Street and Washington fret about how badly investment banks could damage the economy, Tuesday provided a fresh reminder that commercial banks could be a bigger problem as the second wave of the credit crisis begins its run. National City (nyse: ...

Home foreclosures set record in first quarter

Thursday, June 5th, 2008

Image by Getty Images via DaylifeWASHINGTON (AP) -- Home foreclosures and late payments set records over the first three months of the year and are expected to keep rising, stark signs of the housing crisis' mounting damage to homeowners and the economy. The latest snapshot of the mortgage market, released Thursday, ...

Land Contracts - Buy Or Sell A Home With No Bank Or Mortgage

Monday, April 14th, 2008

Land contract or Contract for Deed means a contract whereby the owner or seller of the real estate property finances the buyer to purchase of the property. Sometimes, you may not have the down payment necessary to buy a home, Sometimes, you may not have the finance necessary for buying a ...

House Swapping Is a Growing Trend in Tough Real Estate Market

Friday, February 22nd, 2008

For years, families have been swapping homes for a week or so, so that both parties can try another location for a vacation. In this tough real estate market, a new trend is emerging in which families actually swap houses for good. Allen and Wilma Sawtelle's house in Pahrump, Nev., wasn't ...

RealtyTrac: N.C. foreclosure filings up 66.5% in 2007

Tuesday, January 29th, 2008

Foreclosure filings increased by 66.5 percent in North Carolina in 2007, according to California data-tracking company RealtyTrac. The figures provided by RealtyTrac are significantly different than those provided by the state. The North Carolina banking commissioner's office says there were 49,754 foreclosures in 2007, up just 9.4 percent. RealtyTrac, however, counts ...