Foreclosures Raleigh
All Triangle MLS Bank Owned, REO, Fannie Mae foreclosed homes, HUD, VA, Federal Housing, and Distressed Properties are available at RRG-Foreclosures.com. Request your FREE Foreclosure List today!
Please visit WakeGov.com Real Estate Foreclosures list to see pre-listed properties, courthouse step sales and recently sold properties. Search our listings to find your next home or investment property.
Homeowners Facing Foreclosure
- 1 out of every 200 homes will be foreclosed upon. – Mortgage Bankers Association
- Every three months, 250,000 new families enter into foreclosure. – Mortgage Bankers Association
- One child in every classroom in America is at risk of losing his/her home because their parents are unable to pay their mortgage. – Based on information from the Mortgage Bankers Association
- A slower real estate market can translate into falling prices and home values. As a result, homeowners who opted for adjustable rate mortgages may now find that as their mortgage rate adjusts higher, their home value is lower and therefore refinancing is no longer an option.
- Six in 10 homeowners wish they understood the terms and details of their mortgage better. – Freddie Mac/Roper poll of 2,031 U.S. homeowners, conducted 2005.
- More than 6 in 10 homeowners delinquent in their mortgage payments are not aware of services that mortgage lenders can offer to individuals having trouble with their mortgage. – Freddie Mac/Roper poll of 2,031 U.S. homeowners, conducted 2005.
Real Estate In The News
Pending home sales fell in December
Pending sales of existing U.S. homes fell more than expected in December, industry data showed on Wednesday, pointing to a moderation in home sales … [Read More...]
‘Vanilla Ice’ Serves Up Home Makeover Advice
"Even during an uncertain economy, it's about inspiring people to get out there and get to work and make their houses a real home," says Robert Van … [Read More...]
Kodak Files for Chapter 11
Eastman Kodak filed for bankruptcy protection early Thursday after the film pioneer failed to raise fresh cash to fund a long-sputtering turnaround. … [Read More...]
Housing market is great for foreign investors
When it comes to foreigners looking to plant roots in the United States, Florida is the hot spot, especially among Cubans, Haitians and Colombians. … [Read More...]
Property Investment Blog
Best way to take title on this real estate transaction
Hey Dion, My thoughts were, the current owner transfer the property into a llc and give me an equitable title. Which would make me part owner. Pay him his equity upfront then wait six months to refi the note on the property. In my state MA, I ask few … [Read More...]
Free House!
Eric I couldn't find any house information. Can you post some information about it here? Why not just sell it out right? BiggerPockets Forums … [Read More...]
Potential Flip: Engineer’s report not able to level foundation
I would want to know why it couldn't be level again. Is it because the structural members are warped and it can't "get" level, or is it because the house is sitting on expansive soils and it won't "stay" level? Is it because the leveling process … [Read More...]
More Raleigh NC Foreclosure Stats
- - 50 plus percent from the employees at present danger falling behind on the mortgages once they miss just one paycheck.
- - Over 40 % of households can't conserve a three month emergency fund, and simply about 50 % get access to lots far more than $5000 in liquid assets in the course of an urgent scenario.
- - The most standard reason behind foreclosure is job loss, health crisis and debt.
- - Statistics indicate that every four out of 5 persons knowledge no less than 6 months or even more of unemployment throughout their lives due to some form of illness or disability.
- - A minimum of a single child from every single classroom in the US reaches opportunity of becoming homeless, simply simply because their parents may well be facing foreclosure sooner or later of one's time.
- - Most of lenders lose money on foreclosures, with regular losses ranging amongst 20 cents to six cents on every dollar. A lender or maybe a mortgage holder prefer to gladly use the present homeowner whenever we are able to.
