2 Articles match "2006","May","New Jersey"

The Latest from RealtyTrac MORE
Study Forecasts Rising Subprime Foreclosures
A new study released yesterday by the Center for Responsible Lending projects that one out of five subprime mortgages originated in the past two years will end in foreclosure, costing homeowners as much as $164 billion. “This rate is nearly double the projected rate of subprime loans made in 2002, and it exceeds the worst foreclosure experience in the modern mortgage market, which occurred during the “Oil Patch” disaster of the 1980s. The study, which cites RealtyTrac numbers as one of its sources, looked at subprime foreclosure rates from 1998 through 2006 and closely ties those
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Tips for Buying Short Sales from the Lender
Additionally, the lender may require what's called a "hardship letter," which explains the seller's financial difficulties in writing. The lender may also require owner payroll stubs, copies of medical bills, checking account statements, financial statements, two years of tax returns, a signed purchase contract and other appropriate evidence from the seller. For more detailed information, read Make With more and more sellers unloading their homes for less than what they owe on their mortgages, now is a good time for investors to start negotiating “short sales” with lenders .
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • Study Forecasts Rising Subprime Foreclosures
    A new study released yesterday by the Center for Responsible Lending projects that one out of five subprime mortgages originated in the past two years will end in foreclosure, costing homeowners as much as $164 billion. “This rate is nearly double the projected rate of subprime loans made in 2002, and it exceeds the worst foreclosure experience in the modern mortgage market, which occurred during the “Oil Patch” disaster of the 1980s. The study, which cites RealtyTrac numbers as one of its sources, looked at subprime foreclosure rates from 1998 through 2006 and closely ties those
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Tips for Buying Short Sales from the Lender
    Additionally, the lender may require what's called a "hardship letter," which explains the seller's financial difficulties in writing. The lender may also require owner payroll stubs, copies of medical bills, checking account statements, financial statements, two years of tax returns, a signed purchase contract and other appropriate evidence from the seller. For more detailed information, read Make With more and more sellers unloading their homes for less than what they owe on their mortgages, now is a good time for investors to start negotiating “short sales” with lenders .
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE