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14 Articles match "2007","Offer","Real Estate"
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The Latest from RealtyTrac
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No Mortgage Meltdown For These Banks
One result is that the mortgage meltdown is described in global terms, as if all lenders offered toxic loans during the past few years and the entire financial community is universally in trouble. number of lenders have maintained traditional underwriting standards and mortgage offerings. Unlike virtually every other mortgage lender, Hudson doesn’t make option ARMs, doesn’t sell loans No Mortgage Meltdown For These Banks By Peter G. Miller The news from Wall Street in recent weeks has not been good, especially in the world of mortgages.
www.realtytrac.com
- Tuesday, February 3, 2009
Option ARM Borrowers Running Out Of Time
According to Fitch "the potential average payment increase on this recasting population is 63 percent, representing on average an additional $1,053 due each month on top of the current average payment of $1,672." You dont have to be a math major to figure out what will happen next: Huge numbers of option ARMs will fail in the next 24 to 30 months with results that will be devastating to borrowers, loan portfolios and local home values. How They Work Formally known as "payment option adjustable rate mortgages," option ARMs are the most complex residential loan products ever offered. Lastly,
www.realtytrac.com
- Tuesday, February 3, 2009
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Want to Be Taken Seriously in the Foreclosures Market? Make a Realistic Offer!
Lenders aren't likely to give properties away, particularly in a real estate market where prices continue to rise. Despite what you may see on late-night cable TV, investing in foreclosure properties isn't a sure fire "get rich quick" formula. And h
RealtyTrac Article Library
- Tuesday, November 6, 2007
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Want to Be Taken Seriously in the Foreclosures Market? Make a Realistic Offer!
Lenders aren't likely to give properties away, particularly in a real estate market where prices continue to rise. Despite what you may see on late-night cable TV, investing in foreclosure properties isn't a sure fire "get rich quick" formula. And h
RealtyTrac Article Library
- Tuesday, November 6, 2007
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OTS Director Offers Alternative Plan to Congress
Reich, Director of the Office of Thrift Supervision (OTS), offered an alternative foreclosure prevention plan to the one under consideration from the Federal Housing Administration (FHA). Reich pointed to the FHASecure program as an example, where 116,000 loans have closed since the program was launched in September 2007, but only 1,500 of them were made to refinance delinquent conventional loans. In a statement delivered before the Committee on Financial Services of the U.S. House of Representatives earlier this week, John M.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Local Market Perspective: Lake Havasu, Ariz.
real estate market is still declining. percent from May 2007. percent from May 2007. I am seeing a rise in foreclosures and short sales far higher than May of 2007. Right now I am telling my buyers to come on over and pick out a home before everyone realizes the bargains and lines forms on offers forcing prices back up. With a population of fewer than 55,000, the Lake Havasu, Ariz., With our beautiful Lake and hot summers, we are considered a vacation and second home community.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Local Market Perspective: Las Vegas
percent higher than April 2007. percent from April 2007. or more, with a potential monthly rent of $1,800 to $2,000 are seeing multiple offers. The data is deemed reliable but is not guaranteed and is subject to errors, omissions or revisions and is not warranted. Posted 05-15-2008 2:21 PM by ShariS Filed under: Foreclosure Trends , Real Estate Trends 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
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
Million Foreclosures
www.realtytrac.com
- Tuesday, February 3, 2009
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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 in
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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You Too Can Predict the Future...Maybe
According to the Chapman Composite Index of Consumer Sentiment, while responses to the survey were negative when it came to the current and future economic conditions (to the lowest level seen since the survey began in Q3 2002), consumers did answer positively to their future spending plans for big ticket items (although the uptick was only 5 points for Q1 2008 after a 16-point decline for Q4 2007). The real question may be, how do consumers feel about it? Time to dust off those Ouija boards and take out the tea leaves. The way things are going nowadays you too have about as much
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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BK' Doesn't Stand for Burger King
Well, the American Bankruptcy Institute just released its numbers for calendar year 2007 and consumer bankruptcies were up 37.6 Of ABI’s top 10 states with the highest per capita filing rate for 2007, four of them — Georgia, Michigan, Ohio and Nevada — were also some of RealtyTrac’s top 10 foreclosure states for much of the year. Whether the net result is a short sale, a walk away or going through the whole foreclosure process, it seems like The only kind of whopper a person with this kind of ‘BK’ is going to get is a whopper of a headache. In this, the legal sense for the abbreviation,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Bush Foreclosure Solution Just Adds Water
Titled the “Mortgage Forgiveness Debt Relief Act of 2007,” HR 3648 is sponsored by Rep. This can directly affect the homeowners’ ability, or desire for that matter, to proceed with such things as short sales and other types of workout situations that may offer them foreclosure relief, for instance. “…the Administration strongly believes this relief should be temporary to assist homeowners during the current mortgage market transition period and to avoid distorting consumer and lender decisions on new mortgage loans,” the statement said. It wasn’t very long ago that President George W.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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