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34 Articles match "2008","Bank Owned","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 If renters see little incentive to rent rather than owning a house, they will start buying. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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. This shift in percentages shows that a higher proportion of properties that enter the forecosure process are ending up repossessed by lenders. Posted 08-14-2008 2:00 AM by darenb Filed under: Pre-Foreclosures , Foreclosure Auctions , Bank-Owned/REOs , Foreclosure Trends
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Going Against the Grain, Investor Finds Bountiful Bank-Owned Bargains
Despite the abundance of negative buzz surrounding the real estate market, Kirk Leipzig decided to pursue foreclosures as investment propertie
RealtyTrac Article Library
- Wednesday, April 16, 2008
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Going Against the Grain, Investor Finds Bountiful Bank-Owned Bargains
Despite the abundance of negative buzz surrounding the real estate market, Kirk Leipzig decided to pursue foreclosures as investment propertie
RealtyTrac Article Library
- Wednesday, April 16, 2008
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A Foreclosure Bargain for Their “Forever House”
Nestled at the top of a hill with a long private driveway, the bank-owned property sitting on a huge 40,946 square foot lot was exactly what she was looking fo Karen Krynen saw an opportunity.
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A Foreclosure Bargain for Their “Forever House”
Nestled at the top of a hill with a long private driveway, the bank-owned property sitting on a huge 40,946 square foot lot was exactly what she was looking fo Karen Krynen saw an opportunity.
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Foreclosure Search: Lessons from Long Beach
A few days ago I spoke to a new RealtyTrac customer who was having trouble tracking down foreclosure property in Long Beach, Calif . havent had any success in pursuing properties." So we looked up some of the properties she was interested in, calledone of the property trustees and walked away with information that Ithink will be helpful both for her and for RealtyTrac. She said something like, "Is the information on your site accurate? I
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Exclusive Interview with Dave Webb of Hudson & Marshall
As foreclosures continue to mushroom, lenders are increasingly turning to the auction block to sell foreclosure properties. Webb believes now is a good time to buy foreclosure properties. Read Webb’s exclusive interview below: Is now a good time for investors to buy bank-owned foreclosures at auction? “Bank-owned foreclosure auctions are a great way for buyers to find exceptional values on homes because lenders are anxious to unload these properties. In April, Foreclosure News Report will spotlight the fast-growing foreclosure auction market and cover other hot foreclosure issues.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Mapping the Foreclosure Marketplace
We just rolled out the next phase, featuring apowerful and flexible marketplace map for properties listed on RealtyTrac — including pre-foreclosures, auctions, bank-owned homes, for sale by owner homesand resale homes. Along with a road map, satellite view and birds-eye view ofthe subject property and neighborhood, this mapping application identifies andprovides a brief description of other properties in the area that are listed onRealtyTrac. This should be helpful for getting a sense of the local marketconditions — based on factors such as number of foreclosures
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Local Market Perspective: Cape Coral, Fla.
The opportunity to own a home at affordable prices has never been greater, but getting to the closing table is so much more difficult. Many of the best deals in our area are bank-owned properties. The homes sit for a very long time and the property continues to fall into disrepair. Editor's Note: This is the first in a series of guest blog posts from members of the RealtyTrac Agent Network . The agents will be sharing their insights about what is happening on the ground in their local housing market, particularly as it relates to foreclosures.
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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Local Market Perspective: Lake Havasu, Ariz.
In May 2008, there were 272 new listings, down 1.5 There were 134 sold listings in May 2008, down 15.52 My last seven sales have all been bank-owned homes, with over 171 contacts from my RealtyTrac source. The property was worth $550,000 in 2005, but today sold for $308,000. With a population of fewer than 55,000, the Lake Havasu, Ariz., real estate market is still declining.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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