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18 Articles match "2008","Article","Real Estate"
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The Latest from RealtyTrac
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As Home Prices Plummet, When Will You Buy?
Does this make it a good time to buy real estate? 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? 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
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 quot; Read full article. Peter Miller, author of the Common-Sense Mortgage, has offered up some alternatives to the proposed $700 billion bailout plan.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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How to finance your foreclosure purchase? How about your IRA?
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. While the article doesnt discuss foreclosure properties directly, much of the information should apply to any investment property you dont plan to use as a personal residence or vacation home. 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.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures up 13 percent in February
For others, the numbers simply show that the real estate market is softening. How do these numbers play out in your area? Posted 03-22-2006 5:17 PM by darenb Comments
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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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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FHA Program Linked to High Colorado Foreclosure Rate
An illuminating article in the Denver Post connects the dots between Colorado’s high foreclosure rate and an FHA program gone awry: “Created to extend the dream of homeownership to first-time buyers, the so-called FHA gift program instead has led to rampant foreclosures. Nearly 6,000 FHA loans have wound up in foreclosure in Colorado in the past two years, and during that time the program allowed more than 25 percent of FHA buyers to use gifts as down payments.” The article recounts several stories of homeowners who paid just a few hundred dollars to buy their home, using a loophole
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Bargains on the Beach
No one denies for a moment that some of this country’s most expensive real estate lies along its coastlines — Pacific and Atlantic. The list enumerated in that article is based upon an initial list created in 2006 by its business partner Neighborhood Scout. The cities/towns featured in the “10 Bargain Beach Towns” article are: • Clinton, CT • Rocky Point, NY • Somers Point, NJ 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.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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MBA Numbers Mirror RealtyTrac Data:
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 more than 42 million mortgages nationwide — found that the rate of delinquencies and foreclosures
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 article goes on tomake the case that foreclosure fraud crime is on the rise. The Milwaukee Journal Sentinel posted a similar article last month. 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. It is a crime thatconsumer advocates fear could become increasingly
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Mid-Year Report: Nation Not Over the Hump Yet
As it has in times past, real estate has led this nation into recession, and it will lead us out as well — when the signs are there for a recovery. We’re now mid-way through 2008 and the signs aren’t there yet to say for certain that we’re over the hump and on the way out of recession. But real estate — housing prices to be precise — is the sign that forecasters at the A. But a recession it is nonetheless. Gary Anderson Center for Economic Research at Chapman University are looking to lead the way back to prosperity.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Lenders help their customers curb foreclosures
Launch-Point helps job-hunting mortgage customers prepare resumes, practice for job interviews, find job openings and evaluate how the real job interviews went. Please feel free to comment on this article, or write an e-mail to us at: editor@foreclosurepulse.com . Posted 02-06-2007 12:05 PM by Octavion Filed under: Foreclosure Trends , Real Estate Trend As borrowers falling behind on their mortgage payments increase in number, they are getting help form an unlikely source — the mortgage industry.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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