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14 Articles match "2007","Bank Owned","Properties"
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The Latest from RealtyTrac
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High-End Foreclosures Rising Among Top Tier Homes
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 construction loans, mortgage payments, property taxes, auto loans and credit cards at an alarmingly fast pace, according to industry analysts, economists and real estate brokers . Seven-figure foreclosures — once a rarity in 2007 — are starting to pop up with more frequency in some of the wealthiest communities nationwide. 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.
www.realtytrac.com
- Tuesday, February 3, 2009
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 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
www.foreclosurepulse.com
- Tuesday, December 16, 2008
July Foreclosure Report
foreclosure activity in July increased 8 percent from the previous month and 55 percent from July 2007, according to the RealtyTrac Foreclosure Market Report released today. View state-by-state details . Bank Repossessions (REOs) accounted for 28 percent of all activity during the month, while defaults accounted for 41 percent and auction notices accounted for 31 percent. U.S. That is in contrast to REOs accounting for just 16 percent of all activity in July 2007, while defaults in July 2007 were still at 41 percent and auction notices were at 43 percent.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Ropin' an REO
Veteran real estate agent Jimmy Hendon of Beaumont, Texas, found out firsthand that purchasing a bank-owned property can require an extra measure of patienc
RealtyTrac Article Library
- Wednesday, November 7, 2007
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Ropin' an REO
Veteran real estate agent Jimmy Hendon of Beaumont, Texas, found out firsthand that purchasing a bank-owned property can require an extra measure of patienc
RealtyTrac Article Library
- Wednesday, November 7, 2007
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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. Even at this zoom level (which doesnt even capture the entire city), it appears that the foreclosure properties are stacked on top of each other in some areas. Of course if a large number of people do that it could flood the rental market and drive down rental rates. Detroit, Stockton and Las Vegas were the top three, each with more than 4 percent of total households in some stage of foreclosure during the year.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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MBA Survey Confirms Q1 Foreclosure Surge
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 percent reported in the first quarter of 2007. The trend lines are even closer The first quarter MBA National Delinquency Survey released today largely supports the findings of the RealtyTrac Q1 2008 U.S. That closely mirrored the trend in MBA’s foreclosure rate, which put the
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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Local Market Perspective: Lake Havasu, Ariz.
percent from May 2007. percent from May 2007. I am seeing a rise in foreclosures and short sales far higher than May of 2007. My last seven sales have all been bank-owned homes, with over 171 contacts from my RealtyTrac source. The property was worth $550,000 in 2005, but today sold for $308,000. With a population of fewer than 55,000, the Lake Havasu, Ariz., real estate market is still declining.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Local Market Perspective: Las Vegas
percent higher than April 2007. Properties owned by banks and other lenders are accounting for more than half of all the homes sold each month. percent from April 2007. Rents are rising , in areas where I own investment homes. Shari Springer Springer Realty The Greater Las Vegas Association of Realtors reported May 6 that 1,794 single-family homes were sold in April, a 21.4 percent jump over the 1,478 homes sold in March.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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High-End Foreclosures Rising Among Top Tier Homes
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 construction loans, mortgage payments, property taxes, auto loans and credit cards at an alarmingly fast pace, according to industry analysts, economists and real estate brokers . Seven-figure foreclosures — once a rarity in 2007 — are starting to pop up with more frequency in some of the wealthiest communities nationwide. 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.
www.realtytrac.com
- Tuesday, February 3, 2009
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Feb. Foreclosure Report: Are We at Bottom Yet?
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. That premise is supported by looking at the numbers in February 2007, when U.S. View full February report. Posted 03-13-2008 2:01 AM by joelc Filed under: Pre-Foreclosures , Foreclosure Foreclosure Market Report . So does the monthly decrease mean weve hit a ceiling of sorts for this cycle in terms of foreclosures?
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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A Small Silver Lining in Q1 Foreclosure Storm
Foreclosure activity in Detroit was down nearly 4 percent from the first quarter of 2007, although the citys foreclosure rate still ranked No. in March, spurred by investors taking advantage of low prices on foreclosed properties." moratorium on all foreclosure sales scheduled in April there has now been replaced by a pilot program that delays foreclosure proceedings on owner-occupied properties until the homeowner and lender meet in While foreclosure activity in the first quarter of 2008 was up on a year-over-year basis in 90 percent of the nations 100 largest metropolitan areas, according to the RealtyTrac Q1 report issued today, there were a few notable exceptions that could prove to be a harbinger of hope for the nations battered housing market.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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