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12 Articles match "2006","Bank Owned","Real Estate"
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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 Does this make it a good time to buy real estate? have access to credit have fat cash reserves aren't already over-exposed in real estate have a secure job or income stream expect to hold the property for at least two years" But be forewarned, prices are expected to fall further, and will take awhile to rebound, according to many economists. "I 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
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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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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Short sales rising
If a short sale doesn’t work, it eventually becomes a bank-owned foreclosure. While short sales remain a small segment of the residential real estate market, the increase bears watching for investors, buyers and real estate agents. Nationwide, a total of 130,511 new foreclosure filings were reported in January, a 19 percent increase from the previous month and a 25 percent increase from January 2006, according to ReaaltyTrac’s U.S. Scanning the Southern California Multiple Listing Service (MLS) last week, the one thing that stands out is the growing number of short sales.
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 ." 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). This list in Money magazine, supported by data acquired from RealtyTrac, is a prime example of this. And the winner is . . . Fort Collins, Colorado.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Stumbling Subprimes Spell Opportunity
Those people are of course real estate investors or homebuyers who have been looking for an opportune time to enter the market. The subprime meltdown being reported now is mostly due to defaults that occurred in the first two-thirds of 2006. Even if they don’t plan to buy immediately, investors and buyers who are serious about finding good deals should start looking now so theyre prepared to act quickly. Posted The subprime mortgage industry is stumbling under a heavy burden of defaults, watching profits dwindle as lenders are forced to buy back loans that have turned sour.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Gentle January Foreclosure Increase
And in either case, does that make the current market a good one in which to buy or invest in real estate? Of course, the answer will vary from region to region, but provide supporting evidence from your area. View full report with state-by-state data. Posted 02-26-2008 2:01 AM by darenb Filed under: Pre-Foreclosures , Foreclosure Auctions , Bank-Owned/REOs , Foreclosure Trends , Real Estate Trends Comments
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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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
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Foreclosures up 13 percent in February
RealtyTrac released our February 2006 foreclosure numbers today, and they show U.S. In addition, bank-owned properties accounted for 39 percent of the total number, which is a higher percentage than usual and indicates that fewer homeowners in default have been able to stop the foreclosure process by selling or refinancing during pre-foreclosure." Georgia reported the nations highest foreclosure rate for the second month, with one new foreclosure for every 329 households. For others, foreclosures increasing for the third month in a row. We show 117,259 properties nationwide
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Salvation: By Grace or By Works?
Through this system, these companies could sell mortgages in bulk to banks and other buyers. million foreclosure notices filed in 2007, up 75 percent from 2006. But because she doubts the sufficiency of this plan to help all homeowners, Clinton called on President Bush to form an "emergency working group on foreclosures" to step in and evaluate the plan along with her proposal to have the "government step in as a purchaser." Clinton believes that her proposal to allow the FHA to purchase loans "would cost taxpayers nothing in the long run" because it would not create a new federal
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Feb. Foreclosure Report: Are We at Bottom Yet?
If you look back at the RealtyTrac monthly reports, activity has increased on a year-over-year basis every month since January 2006, the first month that YOY stats were available. So the overall trend -- at least on a national basis -- is steadily upward. Eventually the bleeding will stop, and the fundamentals of a healthy real estate market will be restored. February foreclosure activity was down 4 percent from the previous month but still up 57 percent from February 2007, according to the latest RealtyTrac U.S. Foreclosure Market Report .
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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