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15 Articles match "2008","Article","Properties"
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The Latest from RealtyTrac
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As Home Prices Plummet, When Will You Buy?
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 Now, in 2009, or will you wait until 2020 when everyone has forgotten about this housing slump and is raving about skyrocketing home prices? Posted 09-30-2008 11:27 AM by darenb Filed under: Foreclosure
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Another Approach to $700 Billion Bailout
Below are excerpts from an article he wrote about these alternatives. "One alternative is to simply offer low-interest loans to borrowers who currently have toxic mortgages. "Figures developed by Rick Sharga, senior vice president at RealtyTrac, show that the likely cost of low interest loans would be roughly $220 billion — hardly cheap, but a lot less expensive than the $700 billion plan now being discussed in Washington. "Sharga's If a property was sold and the entire amount was not repaid, the borrower would be required to pay $500 a year until the debt
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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How to finance your foreclosure purchase? How about your IRA?
If youre looking for creative ways to finance an investment in a foreclosure property, you may not need to look much further than your retirement account. A good article ran today in Lew Sichelmans Realty Q & A column in MarketWatch. Titled " Buying Investment Property Through Your IRA ," the article offers a wealth of information on how to use funds already in your IRA to invest in different types of properties. Among other things, Lew covers some of the tax strategies, limitations and regulations governing these types of purchases. While the article doesnt discuss
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Legend of Foreclosure Vandalism Grows
The article claims that "real estate agents estimate that about half of foreclosed properties to be sold by mortgage companies nationwide have substantial damage, according to a new survey by Campbell Communications, a marketing and research firm based in Washington, D.C." And there are some real horror stories described by agents cited in the article: ferret droppings along the baseboards, walls pocked with holes, appliances and light fixtures ripped out, a trail of motor oil dripped on all the carpets throughout a house. The Wall Street Journal is reporting that more and more homeowners forced out of their homes by foreclosure are turning to vandalism to lash out in some tangible way in a situation where they feel powerless.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
An article in the Los Angeles Times onTuesday documented the sad story of a defaulted homeowner who was thevictim of alleged foreclosure fraud. The homeowner said he was trickedinto signing over the title of his home by a scam artist who didnothing to stop the foreclosure and then took out another loan againstthe property with no intention of paying it off. The article goes on tomake the case that foreclosure fraud crime is on It is a crime thatconsumer advocates fear could become increasingly common — especiallyin Southern California, where many homeowners have stretched themselvesto their financial limits to afford the regions record high housingprices. "The
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Bargains on the Beach
While that is true, the fact of the matter is that although it may be beachfront property, homeowners can nonetheless end up in foreclosure there as often as anywhere else. What it comes down to in order to successfully purchase beachfront property is identifying good potential markets to invest in, and doing some legwork and research to analyze what it is going to take in order to put together a deal with the homeowner or lender involved in the foreclosure. Recently, RealtyTrac published its own list of potential beachfront investment communities ripe for the purchase of vacation
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures up 13 percent in February
We show 117,259 properties nationwide entered some stage of foreclosure in February, a 13 percent increase from the previous month and a 68 percent increase from February 2005. In addition, bank-owned properties accounted for 39 percent of the total number, which is a higher percentage than usual and indicates that fewer homeowners in default have been able to stop the foreclosure process by selling or refinancing during pre-foreclosure." Georgia reported the nations highest foreclosure rate for the second month, with one new foreclosure for every 329 households. RealtyTrac released our February 2006 foreclosure numbers today, and they show U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Beginner investors wise to avoid auctions
A recent New York Times article about foreclosure auctions reminded me why none of the experienced foreclosure investors Ive talked to recommend foreclosure auctions for people just getting started in real estate investing: "Yet while there is a tantalizing possibility of getting a deal, people who are intimately familiar with foreclosure auctions in New York — lawyers, mortgage bankers, brokers and former auction regulars — advise steering clear of them. Success is not impossible, but to even set foot in the ring you must put in hours of due diligence and overcome myriad obstacles,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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$15.75 million pre-foreclosure purchase of Don Johnson's home
estate, according to an article in the Aspen Daily News . "Don Johnson may have saved his Woody Creek ranch frombeing sold Wednesday at a foreclosure auction, but it was because thecelebrity unloaded his 17-acre property Monday for $15.75 This story shatters the misconception that only run-down properties inpoor neighborhoods fall into foreclosure. A last-minute pre-foreclosure sale last week allowed actor Don Johnsonof televisions "Miami Vice," to avoid foreclosure on his Aspen, Colo.,estate, million,according to records at the Pitkin County Clerk & Recorders Office.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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MBA Numbers Mirror RealtyTrac Data:
More than 120,334 properties nationwide entered some stage of foreclosure in November, an increase of 4.1 Please feel free to comment on this article, or write an e-mail to us at: editor@foreclosurepulse.com . Posted 12-14-2006 9:22 AM by Octavion Filed under: Foreclosure Trends , Real Estate Trends , MB The number of delinquent mortgage payments and foreclosures jumped in recent months, according to a new survey released today by the Mortgage Bankers Association . The MBA’s quarterly report — surveying
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Hold Onto Your Hat and Hat Rack
The law requires the town to store the items for a minimum of 15 days before it can auction off the personal property if no one should claim it. However, with the rise in foreclosure activity throughout the state, more and more personal property is being stored, causing a growing problem for municipalities around the state. By contrast, the other Times article speaks to people who have lost their homes to foreclosure and have stored There’s a warm wind swirling around this country right now, and it may just blow the hat off of your head…and take along with it everything else you own as well.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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A 'Dialogue' on the Housing Market
Still, owners of million-dollar properties, generally speaking, will normally have more cushion to work with in cutting prices and staying out of foreclosure than owners of the median-priced homes around the country, Saccacio concluded. Please feel free to comment on this article, or write an e-mail to us at: editor@foreclosurepulse.com . Posted 11-29-2006 9:05 AM by joelc Filed under: Foreclosure Trends , Real Estate Trend Appearing on a recent episode of “Dialogue with Jim Doti”, RealtyTrac CEO James Saccacio cited a number of factors for the more than 60 percent year-to-year increase in foreclosure activity in September 2006.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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