Archive for November, 2007

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North Carolina Shutters “We Buy Homes” Scheme

You’ve seen the ads promising “we’ll buy your house – for cash!” In North Carolina, state officials say one such company making that promise to homeowners was nothing more than a scam.
A North Carolina court has ordered Charlotte Home Solutions to stop its operation that purported to buy homes and then resell them to buyers […]

Buying a Home in Foreclosure: What You Need to Know

After years of steadily rising, home prices are starting to come down nationwide, while the foreclosure rate is rising dramatically. Meanwhile, over a million foreclosures are expected to be recorded this year.
That means a would-be homeowner could potentially save even more money by buying a home that’s been taken over by a bank […]

Foreclosures hit some cities harder than others

Pace of those forced from homes continued to rise in the third quarter

Foreclosures have hit hard in the California real estate market, no harder than in Stockton, Calif., which had the highest foreclosure rate in the third quarter, according to data released Wednesday.

Foreclosure rates continued to rise in the third quarter in most of the […]

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