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13 Articles match "2005","Sales","State"
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The Latest from RealtyTrac
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Option ARM Borrowers Running Out Of Time
For instance, to reduce down payment requirements borrowers could buy with "piggyback" financing, deals with a first loan equal to 80 percent of the purchase price and a second loan equal to 10 percent, 15 percent and even 20 percent of the sale value. You could get your option ARM or your piggyback deal with a stated-income loan application, an application where you estimated your monthly income and the lender generally did not check your figures. Option ARM Borrowers Running Out Of Time By Peter G. Miller Step right up folks.
www.realtytrac.com
- Tuesday, February 3, 2009
As Home Prices Plummet, When Will You Buy?
dont know much about housing value in other states but am following closely the price trend in Inland Empire as well as LA county. And you see states passing laws, like Californias SB 1137, aimed at giving homeowners a better chance of getting a loan workout rather than a foreclosure. The estimates ranged from 25 to 40 percent from peak to trough, but all the economists thought prices could overshoot going down (as they did going up) and could 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
www.foreclosurepulse.com
- Tuesday, December 16, 2008
July Foreclosure Report
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. View state-by-state details . And that would be a very scary number indeed considering the state of the nations economy today when accounting for job losses, high energy and food prices, and everything else.
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. Nevada documented the highest state foreclosure rate for the month, one foreclosure filing for every 183 households. 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
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Realtors '07 Forecast Looks Promising for Future Foreclosure Activity
At Wednesday’s Opening Session of California Realtor EXPO 2006, Leslie Appleton-Young, Chief Economist for the California Association of Realtors, presented her housing forecast for next year , calling for the state’s median home price to drop for the first time in 10 years and the pace of home sales to continue to decrease. The CAR forecast also calls for a 2 percent drop in the state’s median home price next year from a projected median price of $561,000 for 2006, down to a projected median of $550,000 in 2007 — a stark contrast to a year ago when most forecasters were predicting
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Florida Homeowners Overconfident Despite Foreclosures?
Their least concern: falling victim to mortgage fraud -- even though the survey says that Florida is the top state in the nation for such fraud (something that is, unfortunately, always associated with real estate investors working in the foreclosure arena). That report showed a 24 percent drop in home sales both year-to-date and year-over-year through May 2006. Results of a new study released last week by Attorneys Title Insurance Fund (The Fund) suggests that Florida homeowners are feeling pretty good nowadays about the value of their homes and the potential for those values to rise further in the future.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Where to find the best deals on foreclosures
Our analysis of nationwide foreclosure property sales in the last seven months shows that while some areas of the country documented a plethora of properties in foreclosure and big savings on foreclosure purchases, other areas reported relatively low foreclosure inventories and smaller average savings on foreclosure purchases. All five of the states with foreclosure markets most favorable to buyers and investors reported annual foreclosure rates of more than 1 percent of total households along with increasing foreclosures in 2005. It’s important for buyers and investors who are interested in the foreclosures market to carefully evaluate local market conditions before diving into foreclosures in any given area.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Ohio Lawmaker Seeks Solution to Foreclosure Level
The key focus of the discussion: creating partnerships between community organizations and local and state governments as a viable solution to the problem. According to the RealtyTrac Q2 2006 Foreclosure Market Report , the total number of foreclosures in Ohio actually declined by 30 percent from Q1 2006, although still up 85 percent from Q2 2005. The state went from the seventh highest total of foreclosures in the nation in It looks like foreclosures are starting to become a national call to action for some Washington bureaucrats. One example — Rep.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Make Food, Not Foreclosures
In fact it’s had one of the highest county foreclosure rates in the state for a long time. Contributing to the downfall are high unemployment, low home sales volume and deflating home prices. Urban Farming has been doing this around the country since it was founded in 2005. A non-profit group has launched a program to turn former foreclosures into farmland. National Public Radio is reporting that the non-profit group Urban Farming requested that Wayne County, Mich.,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Local Market Perspective: Lake Havasu, Ariz.
I am seeing a rise in foreclosures and short sales far higher than May of 2007. My last seven sales have all been bank-owned homes, with over 171 contacts from my RealtyTrac source. Unfortunately, what folks hear in the news, for the most part, does not apply to Lake Havasu; with it being a second home community, people from out of state are not jumping on the buying wagon since their present homes, which are up for sale, are still not selling. With a population of fewer than 55,000, the Lake Havasu, Ariz., real estate market is still declining.
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. The year-over-year increase in bank repossessions was even more dramatic in some
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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BK' Doesn't Stand for Burger King
The federal government clamped down on that “loophole” with the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. Of ABI’s top 10 states with the highest per capita filing rate for 2007, four of them — Georgia, Michigan, Ohio and Nevada — were also some of RealtyTrac’s top 10 foreclosure states for much of the year. In the end, more bankruptcy filings may translate into more short sales down the road, or possibly The only kind of whopper a person with this kind of ‘BK’ is going to get is a whopper of a headache. In this, the legal sense for
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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OTS Director Offers Alternative Plan to Congress
Reich used these figures to back up his claim that more than one foreclosure prevention plan is needed in order to assure lenders they will receive as much of their money back as possible given the current state of the nation’s economy. “We Under the FHA Housing Stabilization and Homeownership Retention Act of 2008 (the HSHR Act), the FHA proposes to guarantee up to $300 billion in new mortgages to refinance existing eligible mortgages originated between January 1, 2005 and July 1, 2007, the report notes. In a statement delivered before the Committee on Financial Services of the U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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