Archive for August, 2009
August 12th, 2009 by admin
BOCA RATON, Fla., Aug. 6 — Foreclosure.com today announced a partnership with SmartZip, Inc. to provide homebuyers and investors with independent investment analysis for nearly two million distressed real estate listings nationwide.
Under the agreement, SmartZip.com users can rate and analyze foreclosure properties for their investment potential, and then seamlessly go to co-branded pages on Foreclosure.com to view detailed property information.
Likewise, while searching the nation’s most comprehensive database of distressed properties on Foreclosure.com, buyers/investors will be able to instantly see the SmartZip Score(TM) investment rating on every property, then link directly to SmartZip.com for more details on the rating and to analyze the property for its cash flow and return on investment potential.
“Potential homebuyers and real estate investors can now use Foreclosure.com and SmartZip.com to search, analyze and purchase homes that are not just great deals but also sound investments,” said Foreclosure.com Founder, President and CEO, Brad Geisen. “We share a common audience and jointly, we now provide invaluable resources that smart homebuyers can use daily to make better informed real estate purchase decisions. It’s a natural fit for both companies.”
SmartZip delivers investment ratings and analysis for residential real estate, making it easier for buyers and investors to find the best properties in the best markets at the best prices.
“This partnership will add much-needed transparency to the industry,” noted Tom Glassanos, president and CEO of SmartZip. “Foreclosure.com’s comprehensive inventory combined with SmartZip’s objective analysis will enable investors to buy with confidence and peace of mind.”
In addition to the SmartZip Score(TM) on every property, SmartZip.com also provides exclusive heat maps, market comparison, investor-tailored search and financial analysis tools that empower buyers to make financially sound purchase decisions. The beta site currently supports California and Florida — two of the most opportunity-rich states in the United States.
Nationwide coverage on SmartZip.com is coming soon.
August 12th, 2009 by admin
“Buy foreclosures now — before it’s too late“
That’s the bold headline today from an extensive article on CNNMoney.com. And if you’re among our many frequent visitors then it may look familiar — we’ve been passing along the same important message as often as possible.
Put simply, it’s an incredible time to purchase a home.
Prices are down across the board, allowing first-time homeowners to finally achieve the American Dream at prices they can afford. Desirable neighborhoods that were perhaps out of the question just a few years ago are now within reach.
But how long will these market conditions, and the once-in-a-lifetime prices, last?
Foreclosure.com Founder, President and CEO, Brad Geisen, shared these thoughts in the CNN write up:
“We’re seeing [foreclosures] go very quickly. Offers come in immediately after the listing comes on the market, within 24 hours…. In this market, if [lenders] can liquidate them fast, it makes more sense to get them off the books.”
Indeed, lenders are pricing properties to ensure that they “move fast.” That means unbelievable deals, which in turn creates multiple offers and very few counter offers.
Remember that foreclosed homes are typically — even in the best market conditions — already discounted. So what we are currently experiencing are deep discounts on already discounted homes. That attracts buyers, lots of them, meaning that the distressed real estate will be cherry-picked first before investors/buyers move on to other properties.
The numbers tell the tale — more than half of all recent real estate transactions involve some type of distressed real estate or foreclosure.
So the message is simple and clear: Don’t wait around. Find a great deal. Submit your best offer. Live the good life … for half the cost!
Start searching for foreclosed homes in your area today on Foreclosure at absolutely no cost with our FREE 7-Day Trial.
August 12th, 2009 by admin
… at Trulia headquarters was a great experience — chatted with several great industry contacts in the networking sessions and sat in some information-packed presentations.
Here are two quick pictures I snapped with my iPhone today:
Next up is the Inman Bloggers Connect workshop and then the “Real Estate Connect San Francisco 2009″ tradeshow from Aug. 5 through Aug. 7.
Feel free to stop by our booth (#128) to talk shop or just to say “hi.” We look forward to seeing more great people this week!
August 12th, 2009 by admin
Boca Raton, Fla. — Aug. 3, 2009 — Foreclosure.com today announced that it is working with Fannie Mae to re-launch HomePath.com, improving the user experience and home-buying opportunities for individuals throughout the United States.
Fannie Mae’s HomePath.com site, which includes all Fannie Mae-owned properties, now runs on Foreclosure.com proprietary HelixII™ technology. It contains listings with comprehensive property details, including photos, maps, community statistics, complete address, contact information and more.
In addition, the latest version of the site has helpful community tools such as school information and demographics, as well as several calculators, to help future homeowners make more informed purchase decisions.
There is a wide selection of homes currently listed on HomePath.com, including single-family homes, condominiums and town houses, which are located in a variety of neighborhoods in all corners of the United States.
Interested buyers are able to connect with Fannie Mae listing brokers directly via telephone and e-mail contact information contained on these Web pages. These listing brokers will then walk buyers through the purchase process step-by-step, as well as introduce them to the best possible financing options offered through the HomePath® Mortgage Financing program.
“Now is a great time to buy homes,” said Brad Geisen, president and CEO, Foreclosure.com. “With the re-launch of HomePath.com, Fannie Mae has made it easier to locate them, as well as choose from several different desirable financing options. We’re thrilled that Foreclosure.com is able to facilitate this process because we, too, strive to help people achieve the American dream at prices they can afford.”
Foreclosure.com provides backend support to enhance search features on HomePath.com for Fannie Mae. Its proprietary platform, which has been tested and upgraded continuously since 1999, ensures data quality, stability and security at all times.
To view the site or to search Fannie Mae real estate listings nationwide visit www.HomePath.com today.
August 12th, 2009 by admin
Real-time foreclosure data from RealtyTrac’s nationwide database of default, auction and bank-owned homes are now searchable on HomeFinder.com and its national network of 130+ newspaper sites.
August 12th, 2009 by admin
Cities in California, Florida, Nevada and Arizona continued to document the nation’s highest foreclosure rates in the first half of 2009, with those states accounting for 35 of the 50 highest rates.
August 12th, 2009 by admin
Latest statements have shown that there is an increase of 11% in the every construction of family houses in the month of June. During the month of May, the housing industrial market analyst predicted yearly sales getting beyond the range of 35,000. Accordingly to this unforeseen and far-reaching increase, industrial analysts have aligned their forecasting process with 384,000 latest homes by the end of a calendar year.
With the recent significant progress of housing explosion, the United States Housing Department and the HUD (URBAN DEVELOPMENT) stated that the rate of sales of every new house countrywide was above 1.3 million! However the latest home sales are roughly 21% lesser compared to the previous year sale, whereby the house builders proceeded to develop with hopeful and positive thoughts with respect to the housing market on the every calendar month.
Does the increase in the sales of the latest homes is an indicator to the housing industrial market being impinged prior in hand? Well, the economists conceive that, deliberating the down slope with respect to the value of those subsisting homes, together with those foreclosure activities countrywide, the remarkable step-up in the latest home sales is an encouraging indicator in the industrial activity. Whereas on the other hand, several other buyers consider that 8,000 USD tax credit for those 1st time house buyers is a portion of MAKING HOME AFFORDABLE plan and this program is now in the propelling demand. Doing so, it raise up with some question over the acceptance: What would happen in the coming November 30th, while the Tax Credit breaks away? Also in addition, traditionally the lowest mortgage rates will obviously make impressive attractions when it comes to housing purchase.
While in case the federal government resolves the tax credit as the promising piece in the industry, then it might be ascended till the end of 2010.