6 Articles match "2007","California","Foreclose"

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• Lenders Asked to Clean Up Unhealthy Foreclosures
  
  At least unhealthy enough that, in an unprecedented move, California State Commissioner of Financial Institutions, Michael A. So far in 2007 four people have died from West Nile Virus — two in Kern County, one in San Joaquin County, and one in Colusa County — prompting Gov. One of the downsides of taking back foreclosed properties for the lender is the obligation and cost associated with managing those REOs — some of which are bound to be vacant for Not only are foreclosures unhealthy for the economy, apparently they can be unhealthy for people as well. Kelley, sent out an
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Fannie: Q1 a Swift Kick in the Rear
  
  billion loss reported for Q4 2007, it pales in comparison to the $961 million profit the GSE reported for the same quarter a year ago. Credit-related expenses for the quarter rose from $3 billion for Q4 2007 to $3.2 However, foreclosed property expenses decreased to $170 million for the latest quarter, from $179 million in Q4 2007. It may have been created and chartered by the federal government, but Fannie Mae (the Federal National Mortgage Association) is first and foremost a private company responsible to shareholders for running at a profit. And as with many corporations
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• High-End Foreclosures Rising Among Top Tier Homes
  
  In a lot of the bubble markets — like Miami, Palm Beach, San Diego, Las Vegas, Orange County and the Inland Empire in California — we are going to see an increase in the number of high-end foreclosures in relatively wealthy communities. 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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• Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
  
  And homeowners from California to Maine were left wishing they had a way to close the floodgates, stopping foreclosure of their homes immediately. million foreclosure filings predicted by RealtyTrac for 2007, the floodgates are open once again, just not as wide as they were in the early 1990s, and with a finite number projected. Here are some examples of what is being done to help turn the tide and stop foreclosure quickly for Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
  www.realtytrac.com - Tuesday, February 3, 2009
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• Bank-Repossession Beat Continues in March
  
  In the latter case, the homeowner offers to convey ownership of the property to the foreclosing lender. The year-over-year increase in bank repossessions was even more dramatic in some states: 619 percent in Arizona; 597 percent in New York; 557 percent in California; and 464 percent in Florida. In March 2007, by comparison, 15 percent of the total overall foreclosure activity was REOs. For the third month in a row U.S. foreclosure activity registered at more than 50 percent above the level
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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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
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