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28 Articles match "2006","Houses","May"
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The Latest from RealtyTrac
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Option ARM Borrowers Running Out Of Time
Because Fitch says that a 40-year loan term represented 4 percent of all option ARMs in 2004 -- but 38 percent by 2007. A loan with four payment options may seem fairly understandable, but in the real world a lot of borrowers did not take out option ARMs because they wanted to make fully-amortizing payments. The ability to afford a bigger mortgage also meant the ability to buy a bigger and better house. Option ARM Borrowers Running Out Of Time By Peter G. Miller Step right up folks.
www.realtytrac.com
- Tuesday, February 3, 2009
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. The rising trend of prime delinquencies among the wealthy poses a new threat to a battered housing market, which McCabe and others specialists claim is in a recession or heading towards one. “The next two years
www.realtytrac.com
- Tuesday, February 3, 2009
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Foreclosures Inch Higher in May
RealtyTrac just released state and national foreclosure statistics for the month of May . The data show nationwide foreclosures inching up 2 percent from the previous month and 28 percent from May 2005. “Our May numbers echo the recent report by the Mortgage Bankers Association, which noted that delinquency and default activities were lower in the first quarter of 2006,” commented James J. While our report confirms that the number of properties entering foreclosure Saccacio, chief executive officer of RealtyTrac. “While That three-month trend indicates
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Waning Confidence a Concern That May Help Foreclosures
Economics 401 – Effects of a housing ‘slump’? When James L. Doti, president of Chapman University, updated his 2006 economic forecast for the nation, he did have one question that could throw a monkey wrench into the equation, and he called it, THE BIG IF . That question is: “What IF housing prices plummet?” For subscribers to RealtyTrac the answer to that question is worth considering. If housing prices plummeted like they did back in the early 1990s, the loan-to-value ratio on many mortgages might force homeowners into foreclosure, providing new opportunities
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Housing glut gives foreclosure buyers and investors advantage
Storm clouds are gathering over the nation’s battered housing market. Fueling the latest concerns is a deluge of discouraging data in the housing sector. Home prices and sales plunge Sales of existing single-family homes declined in 40 states and in half of the nation’s biggest metropolitan areas in the last three months of 2006, according to the National Association of Realtors . Depending on whom you ask, the forecast calls for either thunderstorms or gale force hurricane winds. The biggest declines were in Florida-Sarasota-Bradenton (down 18 percent), Palm Bay-Melbourne
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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For Some, Mortgage Meltdown Means Opportunity
Cracks are appearing in the foundation of the housing market as shock waves — triggered by concern over a surge in bad subprime mortgages — jolted the stock market this week, sending the Dow Jones industrial average downward by more than 243 points, amid fears that a mortgage meltdown in the subprime lending sector could have broader economic implications. Warning signs already had begun to manifest themselves last year as the recent housing boom was starting to reverse. Although the trend started late in 2005, it accelerated to 1.2 million foreclosure filings in 2006, up 42 percent
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Florida Homeowners Overconfident Despite Foreclosures?
Between those two extremes, other concerns included: a burst of the housing bubble, rising mortgage rates and depreciating home values. That report showed a 24 percent drop in home sales both year-to-date and year-over-year through May 2006. Yet despite lower sales volume, FAR also reported that the states median home price continues to go up -- 11 percent on a yearly basis from May 2005, and 15 percent year-to-date, giving some credence 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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Buying Bank-Owned REOs at the Auction - RealtyTrac
percent in 2006, generating $16 billion in sales. When banks take back foreclosed-upon homes, they sometimes hire auction houses to unload properties. Moreover, an owner or tenant living in the house may or may not be cooperative about moving out. 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
www.realtytrac.com
- Tuesday, February 3, 2009
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The $3 Billion Foreclosure Payday
You may not know who John Paulson is, but you soon will. During the last housing slump, Paulson was a foreclosure investor, buying two distressed properties; a New York apartment and a large home in the Hampton on Long Island. During the housing boom, Wall Street began repackaging mortgage securities into instruments called collateralized debt obligations, or CDOs, and selling slices of these securities to investors at varying levels of risk. Last year, Paulson made $3 billion betting on foreclosures . That puts the Wall Street hedge-fund manager among the top 150 richest
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Ohio Lawmaker Seeks Solution to Foreclosure Level
House Finance Services Committee in Cuyahoga County Wednesday. 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. At the local level Cuyahoga County went from the county with the highest foreclosure rate in the state — one foreclosure filing for every 453 households in May — down to the seventh highest foreclosure rate in the state — one foreclosure filing for It looks like foreclosures are starting to become a national call to action for some Washington bureaucrats.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures Continue Retreat
RealtyTrac released its June 2006 U.S. Foreclosure Market Report Tuesday, and the report shows a trend you may not have expected if youve been reading some recent headlines: foreclosure activity actually slowed in June from the previous month. When or if that other shoe will drop remains to be seen, but for now it appears that the so-called housing market bubble has stood up quite well to the various slings and arrows that threaten to puncture it. Posted 07-21-2006 8:00 AM by darenb The total number of foreclosures dipped below 90,000 for the first time this year, significantly lower than the 117,000-plus reported in February. So, despite myriad predictions otherwise, it appears that foreclosures are not spiraling out of control -- although they are up significantly from last year.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Defaulting on the American Dream: A Troubling Trend
Foreclosure filings jumped 42 percent nationwide in 2006, accelerating a trend that began in 2005 as home sales started to cool. quot;As more and more of these loans re-set this year, we may see a rise in foreclosure filings," said James J. It’s true that foreclosures could have a negative impact on the housing market if they continue to increase at this rate.” Read the full report . Posted 01-29-2007 A rising number of Americans — particularly those who took out riskier adjustable-rate and subprime mortgages — are increasingly defaulting on their loans, according to figures released this week by RealtyTrac , providing striking evidence that a growing number of borrowers are at risk of losing their homes.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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