11 Articles match "2006","June"

• The Best from RealtyTrac

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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. 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. But many market watchers
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure Activity Backs Off 30-Month High
  
  Foreclosure activity decreased 7 percent in June, backing down from a 30-month high reached in the previous month, according to the RealtyTrac U.S. Despite the month-over-month decrease, however, foreclosure filings were still up 87 percent from June 2006. Foreclosure Market Report issued today. Nevada continued to register the nations highest state foreclosure rate, with one foreclosure filing for every 175 households — more than four times the national average.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• More Trouble for Ed McMahon
  
  to collect on a $250,000 loan it made to McMahon in 2006. The loan is secured by the star’s Beverly Hills home, which went into foreclosure back in June for $644,000 owed on a $4.8 In interviews with Al Roker on “The Today Show” and Larry King Live on CNN back in June, McMahon admitted that poor money management, bad investments and two divorces led to the financial dilemma he and his wife Pamela now face. Things seem to be going from bad to worse for Ed McMahon, former sidekick to Johnny Carson on “The Tonight Show” and corporate spokesman for the American Family Publisher’s sweepstakes.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Ohio Lawmaker Seeks Solution to Foreclosure Level
  
  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 April to the fourth highest total in June. At the local level Cuyahoga County went from the county 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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• 5 States = 55% of July Foreclosure Pie
  
  The states foreclosure activity was actually down a half a percent from the previous month but still up 289 percent from July 2006. Californias foreclosure rate of one foreclosure filing for every 333 households slipped from third highest in June to fourth highest in July, behind foreclosure rates in Nevada, Georgia and Michigan. Michigan, Ohio and Georgia all reported more than twice the number of foreclosure filings as they did in July 2006. California, Florida, Michigan, Ohio and Georgia together accounted for 55 percent of all U.S. foreclosure filings in July, according to the RealtyTrac
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Economic Indicators Support Slow Gain in Foreclosures
  
  And based on the latest available national economic data, indications for the remainder of 2006 through 2007 are consistent with RealtyTrac’s May 2006 U.S. These latest adjustments follow closely on the heels of 16 similar adjustments the Fed has made since June 2004. Economics 101 – Interest Rates Now that we are hovering at the mid-year point, economists are starting to review their projections for this year. Foreclosure Market Report, which shows a 2 percent increase in foreclosure activity from the previous month. (See
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Rise in Home Values Keeps Foreclosures in Check
  
  Economics 301 – Home Price Appreciation and Household Net Wealth According to the Business & Economic Review June 2006 released last week by the A. And it is one of the reasons that foreclosure activity is expected to remain at a slow upward rate of increase, as evidenced by the latest national numbers reported by RealtyTrac for May 2006. Gary Anderson Center for Economic Research at Chapman University, home price appreciation on the national level has been virtually unstoppable since 1980. Reaching a double-digit peak above 14 percent before dropping back to 9 percent
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Michigan Goes Hollywood to Help Homeowners
  
  Since January 2006 Michigan has ranked in RealtyTrac’s top 10 states with the greatest foreclosure activity in the nation, most of that time maintaining a position in the top five. In June 2008 — the most recent monthly ranking available from RealtyTrac — the Great Lakes State ranked fifth nationally, reporting 12,025 properties with foreclosure filings, accounting for 5 percent of the nation’s total foreclosure filings for the month. Lights! Camera!
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Legislating Lower Foreclosure Rates?
  
  One such law is Illinois Senate Bill 2349 , which passed back in June and is scheduled to become effective January 1, 2007. That will leave defaulted homeowners with fewer options to avoid foreclosure, let alone recoup any equity they might have in their home. Chicago Foreclosure Rate Heat Map -- Sept 2006 Posted 11-13-2006 2:08 PM by darenb Filed under: Foreclosure Trends , Real Estate Trend An Illinois law intended to help reduce foreclosures is drawing cries of discrimination from some of the people it is trying to protect, according to the Chicago Defender newspaper. “Nearly 60 days after Illinois House Bill 4050 went into effect to supposedly protect consumers from predatory lenders, a coalition of Black and Latino city residents say the new law is actually destroying property values in select minority communities.” The law is a pilot program that is being applied in 10 Chicago zip codes chosen for their high foreclosure rates, among other factors.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Mortgage Reform to Calm Foreclosure Storm
  
  Illinois House Bill 4050, a pilot program for 10 Chicago zip codes that was enacted in September 2006, was suspended by Gov. The law takes effect in June 1. Although foreclosure filings in Cook County increased from the third quarter to the fourth quarter of 2006, foreclosure activity in the third quarter of 2007 is down 5 percent from a year ago. In an attempt to address the recent downturn in the real estate market — evidenced by rising foreclosures and falling home prices and which many believe may threaten to undermine the overall economy — the House of Representatives yesterday passed a bill that imposes more stringent regulatory oversight of the mortgage industry.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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