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23 Articles match "2007","2008","Auctions"
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The Latest from RealtyTrac
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As Home Prices Plummet, When Will You Buy?
percent from July 2007, the smallest annual decline among the 20 cities tracked in the report, followed by Dallas, which reported a 2.5 In my opinion, we are going to see around 50% home price drop from peak in 2007(for south land) before price can stabilize. If you move westward other cities like Upland, Claremont, La Vern, San Dimas, Glendora, Azusa, Covina, Monrovia, Arcadia, San Gabriel, Temple City, Alhambra, Rosemead and Monterey Park, house price does not drop too much, probably around 5 to 10%. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Room Enough for a Catnap
A search on RealtyTrac.com this morning for the Lake Elsinore area revealed that 784 properties were in the pre-foreclosure stage of the process, while another 410 properties were set for auction and 1,313 properties have gone back to the lender as REOs. A quick comparison of two zip codes in the Lake Elsinore area — 92530 and 92532 — shows a 17 percent increase in foreclosure filings in July from the previous month in both zips, while there was a 200 percent and a 138 percent increase in foreclosure filings respectively from July 2007. In this lackluster real estate market potential homebuyers have been sitting on the fence, observing from the sidelines as the number of foreclosures keeps going up and home prices keep plummeting.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
FDIC Selling Off Detroit Inventory
In fact the agency’s head just announced this week that it has adjusted its estimate of how many of the nation’s banks are seriously in trouble of going out of business this year upward from 90 in Q1 2008 to 117 now. King Auction Company of Gadsden, Ala., to auction off 83 properties ranging in values from as low as $2,500 up to a The Federal Deposit Insurance Corp. is having no trouble keeping busy these days.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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Stacking Up 2007 Metro Foreclosure Rates
It was the usual suspects topping the 2007 MSA Foreclosure Rate Rankings released by RealtyTrac today. Of course if a large number of people do that it could flood the rental market and drive down rental rates.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Activity Deflating or Just Deferred?
foreclosure activity in June decreased 3 percent from the previous month but was still up 53 percent from June 2007, according to the RealtyTrac U.S. In fact, the RealtyTrac report has shown month-to-month decreases in previous months, even during the dramatic run-up in foreclosure activity that has occurred over the past year and a half: in February 2008, November 2007, September 2007, June 2007, April 2007, and February 2007. U.S. Foreclosure Market Report released today.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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FDIC Selling Off Detroit Inventory
In fact the agency’s head just announced this week that it has adjusted its estimate of how many of the nation’s banks are seriously in trouble of going out of business this year upward from 90 in Q1 2008 to 117 now. King Auction Company of Gadsden, Ala., to auction off 83 properties ranging in values from as low as $2,500 up to a The Federal Deposit Insurance Corp. is having no trouble keeping busy these days.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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MBA Survey Confirms Q1 Foreclosure Surge
The first quarter MBA National Delinquency Survey released today largely supports the findings of the RealtyTrac Q1 2008 U.S. Foreclosure Market Report released at the end of April, which found overall foreclosure activity increased 23 percent from the fourth quarter of 2007 and 112 percent from the first quarter of 2007. percent reported in the fourth quarter of 2007 and up 93 percent from the 1.28 That closely mirrored the trend in MBA’s foreclosure rate, which put the percentage of loans in the foreclosure process at 2.47 percent at the end of the first
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Make Food, Not Foreclosures
Just like it was in 2007, Wayne County has been a hotbed of foreclosure activity in Michigan so far in 2008. Wayne County Treasurer Raymond Wojtowicz is on board with the 20-plot program, entering into a partnership with the group back in November 2007. The properties where the farms are located are left available for sale, but in the meantime the properties are being productive and cared for by group volunteers. Posted 06-11-2008 4:30 A non-profit group has launched a program to turn former foreclosures into farmland. National Public Radio is reporting
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Oklahoma City Foreclosure Activity
That reflects a foreclosure rate in Oklahoma County that was below the national average for 2007, with 0.915 percent of its total households in some stage of foreclosure. The countys foreclosure rate was third highest among Oklahoma counties for the year despite a 19 percent year-over-year decrease in foreclosure activity. Search Oklahoma County foreclosures. Posted 02-02-2008 9:17 PM by darenb Filed under: Pre-Foreclosures , Foreclosure Auctions , Bank-Owned/REOs , Foreclosure Trend Per a request from Roland in our blog post about Stockton, Calif .,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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When Foreclosure Is Not Politically Correct
Located in the upscale Curtis Park neighborhood of Sacramento, the property has gone through the foreclosure auction process and reportedly been purchased by Red Rock Mortgage for $388,000, a far cry from the $535,000 Richardson paid for it back in January 2007. 14, 2007 for $18,356, followed by a Notice of Trustees Sale being recorded on March 19, 2008. Typically when you read about a politician and foreclosure, it’s in relation to some piece of legislation created to combat the recent surge in foreclosures. But the topic of foreclosure recently became much more personal
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Downpour Continues in May
REOs were up 35 percent from the previous month and 158 percent from May 2007. Default notices increased 1 percent from the previous month and were up 35 percent year over year, while auction notices decreased 3 percent from the previous month but were still up 13 percent year over year. View state-by-state data. Does the slowing rate of increase in defaults and auctions represent a patch of blue sky in the midst of a torrential downpour of foreclosures? Foreclosure activity continued its upward climb in May, increasing on a year-over-year basis for the 29th consecutive month, according to the RealtyTrac U.S.
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 . 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
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Now Homebuilders Face Foreclosure
percent in 2007, the industry’s biggest drop in four decades, the Commerce Department said. But many homebuilders — both publicly and privately held — will become extinct in 2008. Other developers are resorting to auctions to sell huge inventories of new homes, townhouses and condominiums. For millions of Americans facing foreclosure, the Federal Reserve’s interest rate cut this week was welcome news that could possibly help save thousands of homeowners from default by giving them the opportunity to refinance their adjustable-rate loan into a fixed-rate mortgage with a lower interest rate.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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