When real estate investors envision what it means to invest in foreclosures, they usually fall into one of two camps. One camp contains investors who primarily focus on the REO process, and they typically purchase REO properties or HUD homes to build their portfolios or generate profits. The REO camp usually requires access to a little more capital to be…
Tag: Mitigation
Effect Of New Bankruptcy Law S On Foreclosure
Effect of New bankruptcy law’s on Foreclosure The bankruptcy reforms introduced by President Bush’s government in October 2005 changed the debt collection system in the country. The new legislation makes the creditors victors. The consumers are quickly being in the quicksand from bad to worse situations. The �automatic stay� provision, an important part of the new legislation allows consumers to…