14 Articles match "2008","Auctions","Estimate"

• The Best from RealtyTrac

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• Buyers Come Out in Droves For LA Auction
  
  REDC) drew an estimated 1,800 potential homebuyers and investors to the Los Angeles Convention Center recently in the sort of frenzied buying environment not seen since the boom days of foreclosures of the early 1990s. In all, 92 properties were auctioned off in around five hours. They are sending them right to auction,” said Rob Friedman, chairman of REDC. 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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• Buying Foreclosures at the Auction: Make a Killing or Get Killed
  
  “Buying foreclosed real estate at an auction is like having a license to steal,” says Larry Blachman , a Realtor who specializes in foreclosures and author of Buying Foreclosures at a Trustee’s Sale. But buying foreclosed homes at an auction is also probably the most dangerous way to purchase real estate — unless you know how the process works. “If But successfully buying If you know the game, you can make a killing; if don’t, you can get killed,” added Blachman. RealtyTrac expects foreclosure activity to rise in the next couple of years, meaning more foreclosed properties will be available for home buyers, investors and real estate agents.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• FDIC Selling Off Detroit Inventory
  
  In fact the agency’s head just announced this week that it has adjusted its estimate of how many of the nation’s banks are seriously in trouble of going out of business this year upward from 90 in Q1 2008 to 117 now. King Auction Company of Gadsden, Ala., to auction off 83 properties ranging in values from as low as $2,500 The Federal Deposit Insurance Corp. is having no trouble keeping busy these days.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure Thriller — Pay Up or Beat It
  
  Following closely on the heels of another trophy property recently sold on the auction block, Michael Jacksons Neverland Ranch is set to possibly suffer a similar fate. is scheduled for a public auction at the Santa Barbara County Courthouse at 1100 Anacapa Street. The opening bid is estimated to be at least $20,000,000. For the second time in less than a month, the real estate bubble has burst on a rich and famous homeowner’s palatial estate. On March 19, at 1:00 p.m.,
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Two Heavy Hitters Slapped with Foreclosure Notices
  
  mdash; worth an estimated $10 million — is under foreclosure and is set to be auctioned by Washington Mutual on July 1, according to the Fayette Daily News . Since 1990, Holyfield won the heavyweight title four times and has earned an estimated $100 million over the course of his career, according to BoxingScene.com . Next, a Utah consulting company hit the prize fighter with a suit Former heavyweight boxing champion Evander Holyfield is on the foreclosure ropes. Holyfield’s palatial 235-acre estate in Fayette County, Ga. —
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• When Foreclosure Is Not Politically Correct
  
  Located in the upscale Curtis Park neighborhood of Sacramento, the property has gone through the foreclosure auction process and reportedly been purchased by Red Rock Mortgage for $388,000, a far cry from the $535,000 Richardson paid for it back in January 2007. RealtyTrac estimates the current market value of the property at $503,000. Typically when you read about a politician and foreclosure, it’s in relation to some piece of legislation created to combat the recent surge in foreclosures. But the topic of foreclosure recently became much more personal for one Long Beach,
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Fed Plays a Delicate Balancing Game With Rate Cut
  
  The problem is, many industry analysts are starting to come around to the idea that this “correction” may not bottom out until either year’s end 2008 or sometime in 2009. The estimated end date seems to be stretching out longer and longer as time goes on. “Today’s The increase in public real estate auctions. In a move aimed at quelling fears of a looming recession, the Federal Open Market Committee took the country’s teetering monetary affairs seriously two weeks ago and lowered the short term federal funds rate another quarter of a percentage point to 4.5 percent.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Michael Jackson Property in Default
  
  Jackson on Hayvenhurst Avenue in Encino is l isted as a notice of default on RealtyTrac with a default amount of $61,803 and an estimated loan amount of $2,200,000. And for high-end investors, properties like this one — which is valued at more than $7 million according to Fox — can turn into bargain-buying opportunities if the owner is willing to sell during pre-foreclosure or if the property eventually is sold at public auction or repossessed by the bank . Posted 08-14-2006 8:27 AM by darenb Filed
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure Lessons From Long Beach - Part III
  
  Remember, they cant divulge any details about the foreclosureother than the current status and possibly the estimated opening bid.In Your input is always welcome, eithervia comment on this blog or via e-mail at editor@foreclosurepulse.com . Posted 06-15-2006 11:43 AM by darenb Filed under: Pre-Foreclosures , Foreclosure Auction Heres the third and final lesson gleaned from a conversation with acustomer in Long Beach, Calif., who needed help following up onproperties she found on RealtyTrac.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure Fouls Up Sports Stars
  
  The home went to auction on April 14 with an opening bid of almost $2.1 Plus he has paid out an estimated $7 to $8 million to settle “a couple of divorces.” The home was assessed at $610,000, according to RealtyTrac , and the property has an estimated fair market value of $667,980, the Journal-Sentinel reported. It’s not just average Americans who are losing their homes to foreclosure these days. Even rich and famous athletes who earned millions of dollars during their careers can be subjected to the emotional highs and lows of losing a home.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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