18 Articles match "2008","Bank Owned","Sales"

• The Best from RealtyTrac

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• Short sales rising
  
  Scanning the Southern California Multiple Listing Service (MLS) last week, the one thing that stands out is the growing number of short sales. Last year, you rarely saw the phrase “short sale” in the MLS property description. Today, approximately 10 percent of the listed properties are short sales. That indicates lenders are getting more eager to unload properties in foreclosure, even if it means selling them for less than is owed on the mortgage. Short sales occur when home prices fall and mortgage debt exceeds the value of the property.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Exclusive Interview with Dave Webb of Hudson & Marshall
  
  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. think it’s a good time to buy bank-owned foreclosures.” You have some auctions coming up soon, tell us about it? “I’ve got nearly 800 bank-owned properties to sell in Michigan starting March 25 through March 30. As foreclosures continue to mushroom, lenders are increasingly turning to the auction block to sell foreclosure properties.
  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 I am seeing a rise in foreclosures and short sales far higher than May of 2007. My last seven sales have all been bank-owned homes, with over 171 contacts from my RealtyTrac source. 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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• 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. In our city, the bank has taken the property back but they may not have paid all the liens from our code enforcement and generally speaking that does not come up until the final title search is done, so a delay is normal. 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
  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. As promised in our Flying Foreclosure Photos post a fewweeks ago, we’re continuing to improve the mapping and aerial photo technologyon our website.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• A Small Silver Lining in Q1 Foreclosure Storm
  
  While foreclosure activity in the first quarter of 2008 was up on a year-over-year basis in 90 percent of the nations 100 largest metropolitan areas, according to the RealtyTrac Q1 report issued today, there were a few notable exceptions that could prove to be a harbinger of hope for the nations battered housing market. The Detroit Free Press reported that "Detroit home sales shot up 30.8% On the other hand, those exceptions could just turn out to be a source of false hope, perpetuated in part by short-term foreclosure solutions that are about as effective as a five-gallon bailing bucket on the sinking Titanic.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures in Money's 'Best Places to Live'
  
  According to the latest data on the RealtyTrac website, Fort Collins has only 20 properties in the pre-foreclosure stage, but 226 properties are ready to go to auction and another 156 are bank owned (REO). That’s more than all the for sale by owner, resale and new homes listed on RealtyTrac in Fort Collins The rest of Money’s Top 10 list includes: 2) Naperville, Ill.; Money magazine came out last week with another of its Top 10 lists; this one called "America’s Best Places to Live 2006 ." And the winner is . . .
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Flamboyant Foreclosures
  
  bank-owned repo will fit your budget. Here’s a bank-owned mountain escape that includes a $320,000 golf membership. Be the first in your neighborhood to brag about how you stole this flamboyant foreclosure from the bank. This swanky short sale — perched in posh planned community — has all the bells and whistles needed to live the racy O.C. Mention the word “foreclosure” and most investors conjure up images of run-down and dilapidated properties located in undesirable neighborhoods. But now some of the ritzy residences are increasingly
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure "Megatrends"
  
  Sales are down. Banks and Builders Buckle If 2007 was the year of the mortgage meltdown, where hundred of subprime lenders became extinct, then 2008 could shape up to be the year where banks and homebuilders buckle under the crushing strain of debt. wave of foreclosure walkers could spawn $1 trillion or more in financial losses, creating a systemic banking and builder crisis unseen in American history, warns the Economist . Foreclosures are rising. Home prices are falling.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• A (Relatively) Few Bad Apples Spoil the Barrel
  
  Still, nearly a quarter million properties in one month can have a significant impact on a housing market that is registering about 5 million existing home sales for the entire year . "Although quot;Although only about 2 percent of households nationwide will be in some stage of foreclosure this year, these properties contribute to already bloated inventories of homes for sale, and put downward pressure on home values," said James J. According to the RealtyTrac U.S. Foreclosure Market Report issued today, the total number of properties with foreclosure activity in April
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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