5 Articles match "2005","Journal"

• The Best from RealtyTrac

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• Foreclosure Fouls Up Sports Stars
  
  Canseco bought the property back in April 2005 for almost $2.8 He now lives in a smaller home in an unknown location. As for Sprewell, just last week he lost the home he purchased for $405,000 back in 1994 in the affluent Milwaukee suburb of River Hills to foreclosure, according to the Milwaukee Journal-Sentinel . The home was assessed at $610,000, according to RealtyTrac , and the property has an estimated fair market value of $667,980, the Journal-Sentinel reported. It’s not just average Americans who are losing their homes to foreclosure these days. Even
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures Won't Break the Market Next Year
  
  Director of Research and Analytics for First American Real Estate Solutions, said that even with $1 trillion of adjustable-rate mortgages ready to reset to higher interest rates in both 2007 and 2008, he believes the number of defaults and foreclosures resulting from the increased mortgage payments will be “painful but won’t break the economy or the market.” Basing his comments on data collected on first mortgages — with an emphasis on those originated between 2004 and 2005 — Cagan said, “We have to figure out who has equity and who doesn’t. In fact a recent Wall Street Journal
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Greed and Deceit Get Their Comeuppance in Any Cycle
  
  Also, a well-known online news source for the mortgage industry has published a new online journal called “The Mortgage Graveyard” detailing the struggles and failures of mortgage companies dating back to 1999. Even though an estimated 19 percent of all loans originated in 2005 and 2006 were subprime ARMs (according to a December 2006 report published by the Center for Responsible Lending ), there are still plenty of homeowners in the marketplace who are undergoing other distressing financial circumstances leading to foreclosure such as divorce, job loss or other situations.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• A Small Silver Lining in Q1 Foreclosure Storm
  
  moratorium on all foreclosure sales scheduled in April there has now been replaced by a pilot program that delays foreclosure proceedings on owner-occupied properties until the homeowner and lender meet in a "conciliation conference," according to the Philadelphia Business Journal . Unfortunately our report only goes back to 2005, so we are now at the highest foreclosure rate levels weve seen since we began tracking this. While foreclosure activity in the first quarter of 2008 was up on a year-over-year basis in 90 percent of the nations 100 largest metropolitan areas, according to the RealtyTrac Q1 report issued today, there were a few notable exceptions that could prove to be a harbinger of hope for the nations battered housing market.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• As Home Prices Plummet, When Will You Buy?
  
  June Fletcher of The Wall Street Journal sagely advises that the answer is "For some people, yes. We sold in 2005 when we realized we could not buy in our neighborhood nor could any of our neighbors. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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