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7 Articles match "2008","Avoid","California"
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The Latest from RealtyTrac
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Betting Everything on the House: 3 Risky Loans to Avoid
Yet many homeowners — particularly in California, Florida and Colorado — are still purchasing or refinancing their mortgages with “exotic” loans that may keep their monthly payments low now, but when these gimmicky loans “reset” upward borrowers could lose their homes if they haven’t planned for an increased monthly mortgage payment. Falling prices, sluggish sales and risky loans that let borrowers pile up debt faster than they can pay it off could put more homeowners out of their houses this year than at any other time this decade. While these loans certainly can be used for good, too
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Study Forecasts Rising Subprime Foreclosures
It warns cities in California, Nevada, New Jersey, New York and Michigan, as well as the greater Washington, D.C. That’s because the borrower is the only party who is purely motivated to avoid foreclosure. A new study released yesterday by the Center for Responsible Lending projects that one out of five subprime mortgages originated in the past two years will end in foreclosure, costing homeowners as much as $164 billion. “This rate is nearly double the projected rate of subprime loans made in 2002, and it exceeds the worst foreclosure experience in the modern mortgage market, which occurred during the “Oil Patch” disaster of the 1980s.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Avoid and Stop Foreclosure - Help at RealtyTrac
Million Foreclosures
www.realtytrac.com
- Tuesday, February 3, 2009
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California Foreclosures 2007: Steady As She Goes
Through November, RealtyTrac tallied nearly 130,000 properties that entered some stage of foreclosure in California alone during 2006; accounting for roughly 11 percent of the nation’s foreclosures for the same period. seem to indicate that California is economically sound and stable. Still, enough of the prime indicators are projected to turn and remain A dubious honor at best, the Golden State maintained a level of foreclosure activity during the past year that kept it in the nation’s upper echelon in terms of state foreclosure totals. The state hit its peak towards the end
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Betting Everything on the House: 3 Risky Loans to Avoid
Yet many homeowners — particularly in California, Florida and Colorado — are still purchasing or refinancing their mortgages with “exotic” loans that may keep their monthly payments low now, but when these gimmicky loans “reset” upward borrowers could lose their homes if they haven’t planned for an increased monthly mortgage payment. Falling prices, sluggish sales and risky loans that let borrowers pile up debt faster than they can pay it off could put more homeowners out of their houses this year than at any other time this decade. While these loans certainly can be used for good, too
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Crisis Sparks Surge in Arson
Foreclosure arson has doubled in California from 7 homes last year to 14 homes so far in 2008, according to insurance officials. Arson is not an option to avoiding foreclosur In desperate times people resort to desperate measures. Facing foreclosure, some homeowners are setting fire to their homes for the insurance money. But
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Burning Down the House
Foreclosures nationwide are heating up, especially in once-supercharged real estate bubbles like Florida, California, Nevada and Arizona. But in Michigan, where foreclosures are widespread and a hot market for real estate investors, people are burning down the homes to avoid foreclosure . . . For many real estate investors, the foreclosure market is smoking. literally!
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Study Forecasts Rising Subprime Foreclosures
It warns cities in California, Nevada, New Jersey, New York and Michigan, as well as the greater Washington, D.C. That’s because the borrower is the only party who is purely motivated to avoid foreclosure. A new study released yesterday by the Center for Responsible Lending projects that one out of five subprime mortgages originated in the past two years will end in foreclosure, costing homeowners as much as $164 billion. “This rate is nearly double the projected rate of subprime loans made in 2002, and it exceeds the worst foreclosure experience in the modern mortgage market, which occurred during the “Oil Patch” disaster of the 1980s.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Bush Foreclosure Solution Just Adds Water
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. Stay tuned to ForeclosurePulse and RealtyTrac as this story continues to develop. Posted 10-05-2007
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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