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17 Articles match "2006","Auctions","Foreclosures"
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The Latest from RealtyTrac
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High-End Foreclosures Rising Among Top Tier Homes
High-End Foreclosures Rising Among Top Tier Homes By Octavio Nuiry, RealtyTrac Staff Writer Until now, the foreclosure crisis was confined to a narrow niche of middle-class urban communities and outer-rim new housing developments where first-time homeowners and real estate speculators benefited briefly from favorable financing. But increasingly there are signs that the foreclosure problem is spilling over into wealthier areas, where prime borrowers — and even high-end real estate developers — are rapidly falling behind on their
www.realtytrac.com
- Tuesday, February 3, 2009
Buying Bank-Owned REOs at the Auction - RealtyTrac
Buying Bank-Owned REOs at the Auction Search Properties | Free 7-Day Trial Thanks to a sharp rise in foreclosure filings nationwide, homebuyers and real estate investors are increasingly likely to encounter bank-owned properties that are for sale at real estate auctions. The increased presence of lender-owned homes in the market — known in the banking industry as REOs, for "real estate owned" — is fallout from the recent real estate boom that marked the first half of this decade.
www.realtytrac.com
- Tuesday, February 3, 2009
As Home Prices Plummet, When Will You Buy?
percent from their peak in July 2006. "There quot; And while modest appreciation could resume in late 2009, prices won't be back to their 2006 peak until at least 2016, possibly as late as 2020 in some markets, according to Shulman. (More More from Shulman and several other leading economists in the October issue of the Foreclosure News Report , scheduled to be available in mid October.) 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
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Buying Bank-Owned REOs at the Auction - RealtyTrac
Buying Bank-Owned REOs at the Auction Search Properties | Free 7-Day Trial Thanks to a sharp rise in foreclosure filings nationwide, homebuyers and real estate investors are increasingly likely to encounter bank-owned properties that are for sale at real estate auctions. The increased presence of lender-owned homes in the market — known in the banking industry as REOs, for "real estate owned" — is fallout from the recent real estate boom that marked the first half of this decade.
www.realtytrac.com
- Tuesday, February 3, 2009
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Foreclosure Activity Flat in October
Foreclosure activity increased 2 percent in October, according to the RealtyTrac U.S. Foreclosure Market Report released today. The report showed a total of 224,451 foreclosure filings, including default notices, auction notices and bank repossessions for the month, still up 94 percent from October 2006. It also showed a foreclosure rate U.S. RealtyTrac CEO James J.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures Take a Spring Break
Foreclosure activity dipped 1 percent in April after hitting a two-year high in March, but foreclosure filings were still up 62 percent from April 2006, according to the RealtyTrac U.S. Foreclosure Market Report released today. total of 147,708 foreclosure filings, which include default notices, auction sale notices and bank repossessions, were reported during A households. Nevada documented the highest state foreclosure rate for the fourth month in a row, with one foreclosure filing for every 232 households — more than three times the national
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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5 States = 55% of July Foreclosure Pie
foreclosure filings in July, according to the RealtyTrac U.S. Foreclosure Market Report released today. The foreclosure filings tracked in the report are default notices, auction notices and bank repossessions. California reported the most foreclosure filings of any state, with 39,013. California, Florida, Michigan, Ohio and Georgia together accounted for 55 percent of all U.S. The states foreclosure activity was actually down a half a percent from the previous month but still up 289 percent from July 2006.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure bargain for summer home of JFK's grandfather
28 foreclosure auction . The Hull, Massachusetts home of John F. Kennedy’s grandfather sold at auction at a steep discount Tuesday for the price of $950,000. It appears that foreclosure auctions arent an uncommon occurrence in Hull. A search today on RealtyTrac yielded 25 properties that have A post last week on The Real Estate Bloggers recounted how the former summer home of President John F. Kennedys grandfather sold for a bargain price at a Feb.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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U.S. Foreclosure Activity Surges in First Quarter
foreclosure activity in the first quarter of 2007 was up 35 percent from the first quarter of 2006, according to the RealtyTrac U.S. Foreclosure Market Report released today. The report documents a total of 437,498 foreclosure filings, which include default notices, auction notices and bank repossessions, during the quarter and a quarterly foreclosure rate of one foreclosure filing for every 264 households — the highest quarterly U.S. Nevada reported the highest state foreclosure rate during the quarter, with one foreclosure filing for every 75
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Gentle January Foreclosure Increase
Although they were up 57 percent from January 2007 and 8 percent from December, the January foreclosure numbers released today by RealtyTrac do not appear to represent the massive wave of foreclosures that is expected to hit sometime soon thanks to the rash of risky loans given to borrowers as late as just last year . Its too early too tell if the relatively meek January numbers mean more distressed homeowners are staving off foreclosure thanks to increasingly pro-active lenders and government intervention , or if they just represent the first few raindrops of what will prove
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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FBI: Mortgage Fraud Begets Foreclosure
The FBI recently came out with its 2006 Mortgage Fraud Report , which somewhat anticlimactically concludes that there is “a strong correlation between mortgage fraud and loans which result in default or foreclosure.” Six of those states also appeared in RealtyTrac’s list of states with the highest foreclosure rates in 2006. The property The correlation is apparent in the report’s list of the top states for mortgage fraud: California, Florida, Georgia, Illinois, Indiana, Michigan, New York, Ohio, Texas, and Utah. The FBI also lists Arizona, Colorado, Maryland, Minnesota,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Salvation: By Grace or By Works?
The payment for those sins is often foreclosure, but Clinton wants the government to become a Messianic figure for homeowners facing foreclosure — and by default also for many lenders who approved problem loans for those homeowners — by forgiving these sins and bearing the transgressions of malevolent mortgages that no other lender or buyer is willing to touch. "That’s why I believe the Federal Housing Administration should also stand ready to be a temporary buyer — to purchase, restructure, and resell underwater mortgages," Clinton said in the speech at what was billed as the "Solutions for
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures in Money's 'Best Places to Live'
Money magazine came out last week with another of its Top 10 lists; this one called "America’s Best Places to Live 2006 ." They could have added a healthy foreclosure market as well. According to the latest data on the RealtyTrac website, Fort Collins has only 20 properties in the pre-foreclosure stage, but 226 properties are ready to go to auction and another 156 are bank owned (REO). And the winner is . . . Fort Collins, Colorado.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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