11 Articles match "2008","Auctions","Document"

The Latest from RealtyTrac MORE
July Foreclosure Report
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. 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. This shift in percentages shows that a higher proportion U.S. 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.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Where to find the best deals on foreclosures
Our analysis of nationwide foreclosure property sales in the last seven months shows that while some areas of the country documented a plethora of properties in foreclosure and big savings on foreclosure purchases, other areas reported relatively low foreclosure inventories and smaller average savings on foreclosure purchases. In addition, the low average sales price of foreclosures in these states makes it easier to purchase a foreclosure property — especially at foreclosure auctions, where the full amount in cash is sometimes required. It’s important for buyers and investors who are interested in the foreclosures market to carefully evaluate local market conditions before diving into foreclosures in any given area.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Foreclosure bargain for summer home of JFK's grandfather
28 foreclosure auction . The Hull, Massachusetts home of John F. Kennedy’s grandfather sold at auction at a steep discount Tuesday for the price of $950,000. He was convicted of using phony mortgage and payroll documents. It appears that foreclosure auctions arent an uncommon occurrence in Hull. A post last week on The Real Estate Bloggers recounted how the former summer home of President John F. Kennedys grandfather sold for a bargain price at a Feb.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • Buyers Come Out in Droves For LA Auction
    In all, 92 properties were auctioned off in around five hours. They are sending them right to auction,” said Rob Friedman, chairman of REDC. “Sellers This is the first time since the 1990s that Friedman has felt the market is right to bring back his auction company. And the business is growing all the time, as REDC has scheduled auction dates Some were dressed for business. Others were dressed like they were out for a weekend at the mall.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Foreclosure Activity Up 7 Percent in March
    The March total — which includes default notices, auction sale notices and bank repossessions — was the highest monthly total since RealtyTrac began issuing its report in January 2005 and resulted in a foreclosure rate of one foreclosure filing for every 775 U.S. Nevada documented the highest state foreclosure rate for the month, one foreclosure filing for every 183 households. With 149,150 foreclosure filings reported nationwide in March, U.S. foreclosure activity was up 7 percent from the previous month and 47 percent from a year ago, according to RealtyTracs foreclosure market
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Foreclosure bargain for summer home of JFK's grandfather
    28 foreclosure auction . The Hull, Massachusetts home of John F. Kennedy’s grandfather sold at auction at a steep discount Tuesday for the price of $950,000. He was convicted of using phony mortgage and payroll documents. It appears that foreclosure auctions arent an uncommon occurrence in Hull. A post last week on The Real Estate Bloggers recounted how the former summer home of President John F. Kennedys grandfather sold for a bargain price at a Feb.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Looking to develop property? Try foreclosures.
    That includes all kinds of commercial property and unfinished developments -- like one in San Antonio that sold at foreclosure auction Tuesday for $4.77 This property was originally listed on RealtyTrac in May with an auction date in June. It was posted again on RealtyTrac in July with its rescheduled auction date of Aug. Although most of the foreclosure properties listed on RealtyTrac are single family homes, any type of property can fall into foreclosure. million, according to the San Antonio Express-News : A creditor foreclosed Tuesday on a half-completed project on
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • U.S. Foreclosure Activity Surges in First Quarter
    The report documents a total of 437,498 foreclosure filings, which include default notices, auction notices and bank repossessions, during the quarter and a quarterly foreclosure rate of one foreclosure filing for every 264 households — the highest quarterly foreclosure rate since RealtyTrac began issuing its report more than two years ago. U.S. foreclosure activity in the first quarter of 2007 was up 35 percent from the first quarter of 2006, according to the RealtyTrac U.S.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Foreclosures Take a Spring Break
    total of 147,708 foreclosure filings, which include default notices, auction sale notices and bank repossessions, were reported during the month, a foreclosure rate of one foreclosure filing for every 783 U.S. households. Nevada documented the highest state foreclosure rate for the fourth month in a row, with one foreclosure filing for every 232 households — more than three times the national average. Foreclosure activity dipped 1 percent in April after hitting a two-year high in March, but foreclosure filings were still up 62 percent from April 2006, according to the RealtyTrac U.S.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Solving the MERS Mystery
    Foreclosure documents often list MERS as the lender even though it is not able to answer any questions about the property, let alone entertain offers from interested buyers or investors. Clicking on that hyperlink will open a new window that allows them to search for the current lender using the property address. Posted 03-12-2007 6:06 PM by darenb Filed under: Pre-Foreclosures , Foreclosure Auctions , Bank-Owned/REOs , RealtyTrac Tools & Features
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • May Home Prices Down 4.8 Percent
    percent increase in home prices from April to May, although the region documented a 14.5 We'll be posting those numbers as soon as they are available. Posted 07-22-2008 9:09 AM by darenb Filed under: Pre-Foreclosures , Foreclosure Auctions , Bank-Owned/REO Home prices were down again in May, but a few regions of the country experienced a ever-slight uptick in prices from the previous month, giving officials at the Office of Federal Housing Enterprise Oversight (OFHEO) a chance to be cautiously optimistic in the press release announcing the numbers. "It
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • FBI: Mortgage Fraud Begets Foreclosure
    An illegal property flipping scheme involves fraudulent appraisals and loan documents for a straw buyer who never intends to pay off the loan. These investors will forgo jumping through the legal loopholes to help distressed homeowners and just wait for the public auction, or until the property has been repossessed by the lender. The FBI recently came out with its 2006 Mortgage Fraud Report , which somewhat anticlimactically concludes that there is “a strong correlation between mortgage fraud and loans which result in default or foreclosure.” The correlation is apparent in the
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Where to find the best deals on foreclosures
    Our analysis of nationwide foreclosure property sales in the last seven months shows that while some areas of the country documented a plethora of properties in foreclosure and big savings on foreclosure purchases, other areas reported relatively low foreclosure inventories and smaller average savings on foreclosure purchases. In addition, the low average sales price of foreclosures in these states makes it easier to purchase a foreclosure property — especially at foreclosure auctions, where the full amount in cash is sometimes required. It’s important for buyers and investors who are interested in the foreclosures market to carefully evaluate local market conditions before diving into foreclosures in any given area.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE