Foreclosure Asset Managers
Isn’t an Asset Manager the person you use to help manage your money? Well, not in the foreclosure business. What is an asset manager? An asset management company in the foreclosure business is a company that the owner of the foreclosed property hires to basically do all the work in selling a foreclosed asset. The […]
What is Zombie Foreclosure?
Zombie foreclosures…no, these are not foreclosed homes where the undead live. What is a zombie foreclosure? Zombie foreclosures are homes that the former owner has vacated but the bank has not yet taken title. Often, the former homeowner does not even know they still own the property. Until the bank completes the foreclosure, the homeowner […]
Foreclosure.com
Are you tired of surfing multiple websites to find foreclosure properties for sale? If you’re wondering if using a paid service is the right move for you, know that there are many benefits you’ll experience from using the site like Foreclosure.com. Whether it’s the way the site is easy to use or the amount of […]
What is shadow inventory?
If you listen to the media at all, you probably have heard the term “shadow inventory” when referring to the housing crisis or bank foreclosures. Shadow inventory is a vague term and is often referred to in billions of dollars. What is the shadow inventory? Investorpedia describes shadow inventory as…. A term that refers to […]
Top 5 tips for buying a PNC Bank foreclosure
Interested in buying a foreclosure from PNC Bank? PNC Bank foreclosures are a good source of foreclosure deals. Here are five tips for buying a property from PNC Bank.
Foreclosure versus Short Sale: What’s the difference?
Foreclosure sales are different than short sale transactions. A short sale occurs when the mortgage holder is still in control of the property. Short sales can be a good source of default properties. Understand how short sales are different than foreclosure sales.
Flagstar Bank fined for failing to comply with mortgage servicing rules
In September 2014, the Consumer Financial Protection Bureau (CFPB) fined Flagstar Bank. The fine was fo over $37M. The reason for the fine was for not assisting borrowers with foreclosure relief in a timely manner. The bank will return $27.5M to borrowers and pay a fine of $10M. The CFPB has made serious statements […]
Union Bank Foreclosure Listings
Union Bank is a regional bank that is almost 150 years old. In July of 2014, Union Bank changed their name to MUFG Union Bank. The new Union Bank is now an international bank and a member of Mitsubishi UFJ Financial Group with assets of $2.5 trillion dollars. The companies headquarters are located in New […]