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13 Articles match "2005","Auctions","Bank"
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July Foreclosure Report
Bank Repossessions (REOs) accounted for 28 percent of all activity during the month, while defaults accounted for 41 percent and auction notices accounted for 31 percent. That is in contrast to REOs accounting for just 16 percent of all activity in July 2007, while defaults in July 2007 were still at 41 percent and auction notices were at 43 percent. This shift in percentages shows that a higher U.S. foreclosure activity in July increased 8 percent from the previous month and 55 percent from July 2007, according to the RealtyTrac Foreclosure Market Report released today.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Foreclosure Search: Lessons from Long Beach
For example, one search this customer ran was for bank-owned properties in a specific Long Beach zip code. 30, 2005. Because of the sparse search results, I advised thecustomer that buying a bank-owned property in the zip code she was searching wouldrequire anextra measure of patience and persistence. But to remind her that it is possible, I also told her about a recent member success story that recounts how a customer successfullypurchased a bank-owned property. A few days ago I spoke to a new RealtyTrac customer who was having trouble tracking down foreclosure property in Long Beach, Calif .
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Bank-Repossession Beat Continues in March
And for the second month in a row, the number of bank repossessions, or REOs, was up more than 100 percent year over year. The implication: while significantly more homeowners are falling into foreclosure, there is an even bigger increase in the number of homeowners already in the process who are losing their homes to foreclosure — whether through the typical foreclosure sale mechanism or whether by pre-empting the public foreclosure sale through what is called a deed in lieu of foreclosure. But that may be better than the alternative — a costly and lengthy process that will quite
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures Up Across the Board in November
The report shows increases in all three phases of the foreclosure process — default, auction and bank repossession. Defaults and auctions each accounted for about 40 percent of the total, while bank repossessions accounted for about 20 percent of the total. The national foreclosure rate of one new foreclosure filing for every 961 households represented a 4 percent increase from the previous month and a 68 percent increase from November 2005. Foreclosures hit their highest level of the year so far in November, with 120,334 new foreclosure filings reported nationwide during the month, according to the RealtyTrac U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Downpour Continues in May
households received a foreclosure filing during the month, the highest monthly foreclosure rate since RealtyTrac began issuing its report in January 2005. Bank repossessions (REOs) accounted for 28 percent of the total activity and the biggest increase among the three types of foreclosure filings tracked in the report. Default notices increased 1 percent from the previous month and were up 35 percent year over year, while Foreclosure activity continued its upward climb in May, increasing on a year-over-year basis for the 29th consecutive month, according to the RealtyTrac U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Activity Up 7 Percent in March
The March total — which includes default notices, auction sale notices and bank repossessions — was the highest monthly total since RealtyTrac began issuing its report in January 2005 and resulted in a foreclosure rate of one foreclosure filing for every 775 U.S. With 149,150 foreclosure filings reported nationwide in March, U.S. foreclosure activity was up 7 percent from the previous month and 47 percent from a year ago, according to RealtyTracs foreclosure market report that was released yesterday.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Search: Lessons from Long Beach
For example, one search this customer ran was for bank-owned properties in a specific Long Beach zip code. 30, 2005. Because of the sparse search results, I advised thecustomer that buying a bank-owned property in the zip code she was searching wouldrequire anextra measure of patience and persistence. But to remind her that it is possible, I also told her about a recent member success story that recounts how a customer successfullypurchased a bank-owned property. A few days ago I spoke to a new RealtyTrac customer who was having trouble tracking down foreclosure property in Long Beach, Calif .
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Extreme' Dream Gone Bust
ABC’s Extreme Makeover Home Edition came to the rescue, demolishing the Harper’s old run down home with a faulty septic tank and replacing it with a 5,300 square-foot, two-story dream home in Lake City, Georgia. When the show first aired back on February 20, 2005, the home was the largest ever built in a week by the show. The home, built with the help of 1,800 volunteers and Atlanta-based Beazer Homes, is now scheduled for public foreclosure auction on August 5. Three years ago Patricia and Milton Harper received a gift courtesy of reality television. As
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Make Food, Not Foreclosures
Any food left over would then be donated to local food banks. Urban Farming has been doing this around the country since it was founded in 2005. The properties where the farms are located are left available for sale, but in the meantime the properties are being productive and cared for by group volunteers. Posted 06-11-2008 4:30 PM by joelc Filed under: Foreclosure Auction A non-profit group has launched a program to turn former foreclosures into farmland. National Public Radio is reporting that the non-profit group
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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A (Relatively) Few Bad Apples Spoil the Barrel
Foreclosure Market Report issued today, the total number of properties with foreclosure activity in April reached the highest level on a monthly basis since RealtyTrac began issuing the report in January 2005. Look for more local market perspectives coming soon and please post a comment on any of these posts if you have something to add, a question or a different perspective. Posted 05-14-2008 2:00 AM by darenb Filed under: Pre-Foreclosures , Foreclosure Auctions , Bank-Owned/REOs , Foreclosure Trends , Real Estate
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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MBA Survey Confirms Q1 Foreclosure Surge
The total number of properties with foreclosure filings in the RealtyTrac April report was the highest monthly total since RealtyTrac began issuing the report in January 2005. housing market for several months and even years to come. Posted 06-05-2008 4:19 PM by darenb Filed under: Pre-Foreclosures , Foreclosure Auctions , Bank-Owned/REOs , Foreclosure Trends , Real Estate Trend The first quarter MBA National Delinquency Survey released today largely supports the findings of the RealtyTrac Q1 2008 U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Fouls Up Sports Stars
The home went to auction on April 14 with an opening bid of almost $2.1 Canseco bought the property back in April 2005 for almost $2.8 Citizens Bank filed foreclosure proceedings against Sprewell because he failed to make his mortgage payments of $2,593 per month since last September and owed the bank $320,284. It’s not just average Americans who are losing their homes to foreclosure these days. Even rich and famous athletes who earned millions of dollars during their careers can be subjected to the emotional highs and lows of losing a home.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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