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Lessening the Impact of Bankruptcy on Your Credit
June 18, 2001, Revised November 22, 2004 To the genie who generates credit scores, all bankruptcies (and all foreclosures) have the same statistically-determined impact on credit scores. The genie never asks why a borrower went into bankruptcy or foreclosure.  Some ... more...

What Is a Credit Report?
September 10, 2003 A credit report is a report from a credit bureau containing detailed information bearing on credit-worthiness, including the individual's credit history. A typical credit report shows some personal information including social security number; current and past ... more...

foreclosures related definitions

Credit Report
Credit Report A report documenting the credit history and current status of a borrower's credit standing, detailing a borrowers credit history including payment history on revolving accounts (eg. credit cards) and installment ... more...

More about foreclosures

Stop Foreclosure - 7 Tips to Save Your Home
Faced with the threat of a foreclosure on their home, with all the weight of the mortgage industry and its army of attorneys against them, the average homeowner might feel like David facing Goliath.But David defeated Goliath !David had a sling and some pebbles.You have an armory of tactics and ... more...

7 Big Reasons To Invest In Pre-Foreclosures
Looking for an "in" to real estate investing?Working a nine to five job swapping time for money can be incredibly dispiriting. After the futility of it all hits home, it's all you can do to limit the number of home business opportunities you investigate to twenty per week.One of the more compelling ... more...

A Bad Real Estate Market is Good for Real Estate Investors and the Country!
The real estate industry in this country is in for a rude awakening!The realtors, mortgage brokers, investors (really speculators) and Alan Greenspan are whistling past the grave yard, living on borrowed time.Few people realize how bad the real estate market can become. I remember in the late 70s ... more...

Back To The Future - Big Changes Are Coming, Get Ready Now
The comments below are quoted from a recent speech by Ben Bernanke, a member of the Federal Reserve Board of Governors..."Looking forward, I am sure that the Committee will continue to watch the oil situation carefully. However, future monetary-policy choices will not be closely linked to the ... more...

Florida Investment Real Estate and What Are Considerations Before Buying
Investment Real Estate, First Things FirstConsidering investing in property? What are some pertinent things to consider before taking this leap? Of all the investment possibilities, investment in land generally produces the most positive results. It is vital, however, to carefully investigate ... more...

Different Ways Of Dealing With Debt
Bills, creditors, debt collectors. Are you yearning for the days when all you had to worry about was the money in your piggy bank? If so, you are far from alone. Whether its illness, loss of a job, or simple overspending, it happens to the best of us. But that doesnt mean your financial situation ... more...

Real Estate Investing Foreclosures
First thing I would suggest regarding foreclosures learn as much as you can on this subject. Foreclosures are considered to be very complex type of real estate investing. Second important thing for the real estate investor is - study the local market. Be sure and follow up to see what the ... more...

Getting Started in Real Estate Foreclosure Investing
Decide to Invest in Real Estate Foreclosure InvestingWith the increase in Real Estate property appreciation rates across America, a prospective foreclosure buyer may want to fix up a property to improve its value to live in, to rent out or to resell. The strategy a buyer pursues will determine ... more...

Death, Taxes, and Foreclosures
So how do you find the best foreclosures. Its not easy as the business is very competitive, especially in this current crazy real estate boom. Firstly you must be methodical as well as diverse. Deals are all over the place. It is recommended you specialize in an area that you are familar with ... more...

How to Negotiate a Successful Short Sale
Anyone who has ever profited from doing a short sale has also without a doubt had one or two rejected at some point. Guess what? It is just the nature of the beastAs with all types of sales; youre playing a numbers game.There are very few investors who truly know how to successfully negotiate a ... more...

Avoiding Complications in Credit Repair
Avoiding complications in credit repair is almost important as getting out of debt. When we have bills that were neglected simply because we didnt have the money to pay the bills, or else we purchased items instead of paying the bills, we are in debt.If you are considering a Home Equity Loan to get ... more...

Avoiding Foreclosure
If you fall behind in your mortgage payments, you face the threat of foreclosure.Foreclosure means your lender can take over your home, and you must move out. If your house is worth less than the amount you owe on your mortgage loan, your lender may even seek a deficiency judgment. If this happens, ... more...

115 Ways To Earn Money With Your Computer
Here is a list of ideas for your reference if you want to use your own PC to earn income. 1. Provide computer-based office management services for attorneys 2. Do word processing 3. Do medical billing for doctors 4. Do automated telemarketing 5. Manage a church 6. Start a computer user's group 7. ... more...

How Does Credit History Affect Car Insurance Rates?
Many personal car insurance companies consider your credit information when determining how much premium to charge for your insurance. So if you are calling around for new car insurance, keep in mind that many insurers are looking at your credit history to determine your car insurance rates. I hope ... more...

Negotiating A Short Sale The High Road to Huge Foreclosure Profits
Buying foreclosures can be extremely profitable for real estate investors. However, most of these homeowners are mortgaged to the hilt. They have no equity, and big loan payments. In fact, many actually owe more than the property is worth!Most investors will walk away from these deals because ... more...

So, You Wanna Buy Pre-Foreclosures?
So you wanna buy pre-foreclosures? or at the courthouse steps? So many people ask us about this. Here's our '30 second seminar' on it. If you're going to buy PRE-foreclosures--after the seller is behind on her payments, but before the lender's auction date-then there are some pros and cons to ... more...

Understanding How Your Credit History May Affect Your Car Insurance Coverage
Many personal auto insurance companies consider your credit information when determining how much premium to charge for your insurance. So if you are calling around for new insurance, keep in mind that many insurers are looking at your credit history. I hope that we will be able to let you know why ... more...

The Rising Foreclosure Rate
While the number of new mortgages boomed between 2000 and 2003, foreclosure rates also hit record highs. Conditions have improved somewhat since mid-2003: over the last two years the foreclosure rate has flattened. The delinquency rate has also improved slightly with the number of delinquent ... more...

How to Read an Experian Credit Report
The Fair Credit Reporting Act (FCRA) requires each of the Nationwide Consumer Reporting organizations (Equifax, TransUnion and Experian) to provide you with one free credit report every 12 months per your request. This means that you are entitled to three free credit reports per year, if you deem ... more...


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