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Foreclosure consequences
This video is from the show Open House on CNN. This video briefly explains what some tax & credit consequences homeowners may face after a short sale or a foreclosure. Consult with a CPA or your attorney for specifics.
Length: 167
Rating: 3.80 (5 ratings)
Tags: foreclosure short sale consequences ramifications home house
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A&E - FLIP MY FORECLOSURE SCAM PART 1
Isnt everything the last 5 years seem to be about some big money real estate scam? Here is an A&E "Flip This House" scam that was shown to viewers.
Part 2 of this story is located HERE http://www.youtube.com/watch?v=zM8pXjLyGtE
Length: 426
Rating: 4.90 (74 ratings)
Tags: foreclosure subprime real estate bubble housing crash
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Report: McMahon Fighting Home Foreclosure
PlusReport: McMahon Fighting Home ForeclosureReport: McMahon Fighting Home ForeclosureThe Associated PressEd McMahon, who for decades appeared as Johnny Carson's sidekick on 'The Tonight Show,' is fighting to avoid foreclosure on his multimillion-dollar Beverly Hills home, according to published reports. (June 4)NATS UP-- COMMERCIAL He made a career out of helping Americans' dreams come true... But now Ed McMahon is reportedly the one in need of help. Johnny Carson's longtime sidekick on "The Tonight Show" is allegedly in danger of losing his Beverly Hills, California mansion. The Wall Street Journal first reported McMahon is close to 650-thousand dollars behind in payments on his nearly 5-million dollar mortgage. The former "Star Search" host hasn't been able to work since he broke his neck 18 months ago. McMahon's spokesman says the 85-year-old pitchman and his wife are in "fruitful discussions" with his mortgage company to try work out a deal. McMahon's real estate agent says the six-bedroom, five-bath house has been on the market for two years. It's in a hilltop gated community that overlooks famed Mulholland Drive. But the agent says it's been a tough sell, partly because pop star Britney Spears is a neighbor -- and she attracts paparazzi. ___ ___, The Associated Press.RESTRICTIONS: commercial: courtesy publishers clearing house pics: www.hiltonhyland.com
Length: 64
Rating: 5.00 (1 ratings)
Tags: entertainment mcmahon report: fighting home foreclosure
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Protect Yourself From Mortgage Fraud
In this new web commercial from Freddie Mac, learn to spot a foreclosure scam and find out how to avoid becoming victim to home foreclosure fraud. (Follow this link for a Spanish version: www.youtube.com/watch?v=qQQJ6unRYaY)
Length: 122
Rating: 4.70 (27 ratings)
Tags: freddie mac mortgage fraud foreclosure scam
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Foreclosure Crisis, (2/3)
(Recorded October 2007) Part II of III Part YouTube Series "Foreclosure Crisis" (originally aired in full on MNN, BCAT, QPTV, Bronxnet, sicTV, GoTV, and PNN)
Pt. I - Host and Co-Director of NEDAP, Sarah Ludwig, discusses predatory lending and foreclosure with guest Herman DeJesus from South Brooklyn Legal Services.
Pt. II - Meet Nerida Soto-Cuccia, a homeowner in foreclosure.
Pt. III - Sarah and Herman discuss the impact of foreclosures on communities.
Length: 568
Rating: 5.00 (2 ratings)
Tags: foreclosure finance economics predatory lending regulation grassroots outreach nonprofit
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Buying A House? Take Foreclosure Bus Tour
Some local real estate agents are trying to turn foreclosures into someone's windfall.
The agents are taking prospective buyers on buses for what they call Equity Tours.
KMBC's Bev Chapman reported that there are plenty of for-sale signs in the metro area, and agents are willing to cut prices to move houses.
"You can't build this home for what you're going to pay for it," Prudential Gaslight real estate agent Mary Edwards said.
On a recent day, Edwards was showing prospective buyers about 20 houses. She said the homes would give the buyer between $10,000 and $50,000 in instant equity because of their low sale price.
One of the homes is in the Four Pillars subdivision in Blue Springs.
"It's got a great room with a see-through fireplace in the entry way," said Prudential Gaslight real estate agent Brian Gauldin said.
The house has five bedrooms with big walk-in closets, three and one-half bathrooms and a new three-car garage. The home is listed for $314,900.
Agents said if you tried to build it, it would cost about $350,000.
The house has been on the market for 221 days.
Agents said banks that hold the titles to houses such as this want to get them off the books.
"So they drop the prices to get them out of their inventory so they can get good loans in hopes of recouping some of their losses there," Edwards said.
Some of the homes have tax appraisals that are higher than their asking price.
Chapman reported that there are some housing bargains out there, but real estate agents said the challenge is to get prospective buyers to see the houses and notice the silver lining in someone else's foreclosure.
"If you really want to get a good deal on a house and really want to buy, now's the time to do it. Don't wait," Edwards said.
On Saturday, Edwards and Gauldin will be showing people houses in eastern Jackson County that cost more than $200,000; on Sunday, they'll show houses that are less than $200,000.
To register for the foreclosure bus tour, visit maryredwards.com.
Length: 149
Rating: 0.00 (0 ratings)
Tags: KMBC Kansas City foreclosure home tour real estate
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