stopforeclosuresources.com

Foreclosures are mounting all around the country. Foreclosed homes in Washington and the surrounding Seattle area have stayed relatively low until just recently. The housing market is beginning to decline like much of the country. As prices fall it could be time to contact your Redmond Real Estate Agent

The number of households ensnared in the foreclosure crisis grew by more than 70 percent in the third quarter of this year compared with the same period in 2007, according to data released Thursday. Many Homeowners find themselves in a position where they cannot continue making their Home Mortgage payments. New foreclosures nearly doubled in Seattle in the third quarter as the worst housing crisis since the Great Depression continued to deepen, the online real estate data company PropertyShark.com reported.

New foreclosures in Seattle rose to 501 from 251, the second biggest gain in the study of four U.S. cities including New York and Miami. Nationwide, nearly 766,000 homes received at least one foreclosure-related notice from July through September, up 71 percent from a year earlier, said foreclosure listing service RealtyTrac Inc.

Seattle and Washington state as a whole have this past summer avoided much of the foreclosure pain that has plagued much of the country

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The Seattle area’s real estate market showed signs of stabilization in September, according to new statistics released Monday.  Especially in the critical market for single-family houses in the four-county central Puget Sound area, said Glenn E. Crellin, director of the Washington Center for Real Estate Policy Research at Washington State University.

Sales of houses and condominiums in those counties rose nearly 4.1 percent in September compared with the same month in 2007, and nearly 4.2 percent in King County alone. The last monthly increase for the region was 4.8 percent in February 2007.

The main reason for the stabilization in year-to-year numbers is the mortgage crunch hit the Seattle &amp Redmond real estate area hard in August 2007, when the region already had an increasing number of homes chasing a shrinking pool of buyers. That crunch showed first in the data from September 2007.

The median sale price fell last month by 8.3 percent to $295,000 overall compared with September 2007 and by 3.7 percent to $380,315 in King County.
Total active listings at the end of September were 10,889, down by about 1,500 or about 12 percent from a year earlier.

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In today’s real estate market it can be both difficult to either buy or sell a home.  Contract for deed sales seems to be what more and more real estate investors are looking into.  Remember: As a buyer or seller of a real estate notes, check whether the contract you are agreeing to is to your benefit and well written.  Unorganized contracts can cause us a great deal of problems in years ahead, especially if you ever plan cash out that real estate note.  That is why it is imperative that both buyer and seller read all clauses in the contract for deed and to be positive that everyone understands all details.  It is often even recommended by private real estate investors that you get your contract reviewed by a good real estate attorney.

Just what is a Contract for Deed?

In Texas, or nationwide, a contract for deed assists the buyer in saving money when purchasing a home, money they can draw on for expenses resulting from the real estate purchase.  Under this contract, the seller retains ownership of the property until the buyer fulfills all his obligations, then the title is transferred to the buyer.  To explain it in laymans terms the owner will keep the deed, and do all the financing himself.  The title becomes the buyer’s and the deed is registered once payment occurs and all conditions are met.

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Trading the Elliott Waves Winning Strategies for Timing Entry &amp Exit Moves

The best teachers go beyond mere instruction — they actually make learning fun and easy. Once you’ve watched this DVD, originally recorded at the Trader’s Hall of Fame conference in Las Vegas, you will be saying that about Bob Prechter.

Over the course of two hours Bob tells you most of what he knows about the Elliott Wave Principle – and he does it without a single dull moment.

As Bob himself tells you in this DVD, the Wave Principle “… helps you avoid major investment disasters,” and will often alert you to major opportunities – in the financial markets and beyond.

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With so many people being exposed to what the news media has to say about the current problems that many home owners are experiencing with their current mortgage loans, it is no wonder that people are beginning to shy away from buying a home, or at least thinking harder before leaping.

It is not actually all mortgage loans that homeowners are having problems with, as it is just a handful of the different types of mortgage loans that are offered to consumers. The typical type of loan that has so many people in trouble is the adjustable rate mortgage.

Adjustable rate mortgage loans generally start out on fixed interest rate for the first couple years then, the interest rate may increase or decrease. And most times you will see an increase before a decrease.

Most people who get caught up in adjustable rate mortgages are those who would have trouble getting a home any other way based on their credit and first time home buyers as they lack the experience to see the red flags.

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By Jim Nettleton

You’ve heard it a million times – most of America’s millionaires made their money in real estate. The reason this old adage gets repeated as often as it does is because it’s true.

Real estate provides an individual with the best possible set of scenarios with which to gain wealth. Not only can wealth be obtained, but it can be obtained quickly. A well thought out investing plan can potentially make an individual independently wealthy in less than a year.

Now, don’t panic. You don’t have to have a boatload of money to get your train out of the station. As a matter of fact, you don’t need any money at all to get started. If you play your cards right, you might not have to layout a penny of your own funds to build a true real estate empire.

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For the fluctuating real estate industry, one particular niche offers a good advantage. Since then, property tax lien auctions have been the quickest developing within that meadow. could the reason be that the economy isn’t at its unsurpassed and the rate of home foreclosures has never been so high? As homes go through foreclosure and repossession, the homes are sold at Property tax lien auctions to the person with the highest bid so that the mortgage companies can get back their losses. Since a foreclosure can look very bad on a property owner’s credit report, most will avoid this by auctioning off their homes before it gets to this point. Over the next ten years according to some authorities, more than 35% of homes for sale will be purchased at Property tax lien auctions.

Some benefits sellers have when they decide to use Property tax lien auctions to sell their houses is the sale is quick and you don’t have to wait for ‘pending financing’ rules set by the buyer. The money from the purchaser will be present at auction time
A homeowner who is auctioning off a house usually doesn’t have time to wait for a buyer to get financing or to auction the house off again if the buyer’s financing doesn’t come through. 

Property tax lien auctions offer properties for sale “as is″. Bidders know that they need to do some repairs and other things to take care of. It isn’t compulsory for the buyer to be paternal about spending a big amount of money on paint, new carpet or appliances before the auction of their house. The buyer will be liable for replacing the water heater if it is about to malfunction. The buyers popularly know this when shopping Property tax lien auctions and they usually have a space where they are able to inspect the property before bidding at the auction. It is not the seller’s fault if the buyer cannot bring a professional home inspector along and something doesn’t work later. 

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The following was adapted from Bob Prechter’s 2002 New York Times and Amazon best seller, Conquer the Crash – You Can Survive and Prosper in a Deflationary Depression.

Deflation requires a precondition: a major societal buildup in the extension of credit (and its flip side, the assumption of debt). Austrian economists Ludwig von Mises and Friedrich Hayek warned of the consequences of credit expansion, as have a handful of other economists, who today are mostly ignored. Bank credit and Elliott wave expert Hamilton Bolton, in a 1957 letter, summarized his observations this way:

In reading a history of major depressions in the U.S. from 1830 on, I was impressed with the following:

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The following analysis was excerpted from Elliott Wave International’s Credit Crisis Survival Kit. The kit, featuring 15 free resources to help you survive and prosper during the credit crisis, is available free: EWI Credit Crisis Survival Kit.

If you’re like most investors, you’ve been nearly brainwashed with conventional market “wisdom″ that stocks are the best way to grow your portfolio.

You would be crazy not to have your money in the markets, right?

But when markets drop, as we’ve seen in this credit crisis, it’s amazing how quickly the story changes.

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5 Tips for selling your house

When you’re getting ready to sell a property or other investment, there are a lot of things you can do to create curb appeal so everything works in your favor. Accordiing to statistics, potential buyers decide within the first 10 seconds of seeing the outside of the house whether or not they want to see the inside. This is one of the single most important things you can do to attract buyers initially. Not only so you can get more for your property, but also sell it faster than you might otherwise.

Here are some cost effective things you can do quickly to make your real estate investment more profitable. Being familiar with some of these concepts doesn’t mean you are using them your advantage. A lot of these principles also apply for creative real estate investing strategies like foreclosures, flipping, wholesaling, lease options, property assignments and rehabs.

To have the most impact at a minimal cost, here are some the most important things you can do besides the standard cleaning:

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