|
|
38 Articles match "2008","California","Properties"
|
The Latest from RealtyTrac
|
MORE
|
|
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 We sold a condo and bought a single-family home.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
The homeowner said he was trickedinto signing over the title of his home by a scam artist who didnothing to stop the foreclosure and then took out another loan againstthe property with no intention of paying it off. It is a crime thatconsumer advocates fear could become increasingly common — especiallyin Southern California, where many homeowners have stretched themselvesto their financial limits to afford the regions record high housingprices. "The An article in the Los Angeles Times onTuesday documented the sad story of a defaulted homeowner who was thevictim of alleged foreclosure fraud.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
|
-
|
The Best from RealtyTrac
|
MORE
|
-
California Consumers Hit the Skids
The Center’s California Composite Index of Consumer Sentiment stood at 57.6 for the second quarter of 2008, down from 66.3 These concerns are genuinely justified in California, the state which has led the nation in total properties with foreclosure filings for 19 out of the last 20 months, according to RealtyTrac . Analysts at the A. Gary Anderson Center for Economic Research at Chapman University in Orange, Calif.,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
California Tops PMI's Risk Index
Seven out of the 10 riskiest housing markets in the nation for home price deflation over the next two years are located in California, according to the Winter 2007 PMI U.S. Of the top 50 metros, 19 face a more than 50 percent chance of declining home prices through the end of 2008. Members of RealtyTrac looking to invest in foreclosure properties around the country would be wise to keep track of activity Market Risk Index just released by the PMI Mortgage Insurance Co. Studying the 50 largest Metropolitan Statistical Areas (MSAs) in the nation, scores increased for 34
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
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 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 of the year,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Fannie: Q1 a Swift Kick in the Rear
CNNMoney reported last Tuesday that Fannie’s CEO Daniel Mudd is optimistic overall about the company’s future, but sees more challenges lying ahead for the rest of 2008 and possibly beyond. “As As a result of the losses, Fannie is revising its forecast for home price declines from a 5 to 7 percent loss nationally for all of 2008, to a 7 to 9 percent loss for the year, with significant regional differences in the rate of home price declines. It may have been created and chartered by the federal government, but Fannie Mae (the Federal National Mortgage Association) is first and foremost a private company responsible to shareholders for running at a profit.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Foreclosure Crisis Sparks Surge in Arson
In Massachusetts , there’s a growing concern that foreclosure arson is becoming a problem around the state as more and more properties are abandoned. In Colorado , a homeowner was convicted for setting his home on fire to prevent the lender from repossessing the property. “We’ve People upside-down on their house with variable-interest-rate loans, or upside-down on their cars, are pretty quick to burn their property In desperate times people resort to desperate measures. Facing foreclosure, some homeowners are setting fire to their homes for the insurance money.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Realtors '07 Forecast Looks Promising for Future Foreclosure Activity
If California’s economic indicators stay at their present course, 2007 should be a very good year for investing and purchasing foreclosure properties at bargain prices. At Wednesday’s Opening Session of California Realtor EXPO 2006, Leslie Appleton-Young, Chief Economist for the California Association of Realtors, presented her housing forecast for next year , calling for the state’s median home price to drop for the first time in 10 years and the pace of home sales to continue to decrease. LONG BEACH, Calif. — The CAR forecast also calls for a 2 percent drop in
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Two Counts Show Foreclosure Activity Rising
More than 925,000 foreclosure filings were reported on more than 573,000 properties in the first half of 2007, according to the RealtyTrac Midyear 2007 U.S. The report marks the first time that RealtyTrac has included a count of unique property addresses in some stage of foreclosure. But whether you count by total foreclosure filings or number of properties affected by foreclosure, foreclosure activity is up more than Foreclosure Market Report , released yesterday. The addition of this (property count) metric to our foreclosure report was spurred by a data request for unique
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
MBA Survey Confirms Q1 Foreclosure Surge
The first quarter MBA National Delinquency Survey released today largely supports the findings of the RealtyTrac Q1 2008 U.S. The total number of properties with foreclosure filings in the RealtyTrac April report was the highest monthly total since RealtyTrac began issuing the report in January 2005. State trends The four states with the highest foreclosure rates in the RealtyTrac first quarter report — Nevada, California, Arizona and Foreclosure Market Report released at the end of April, which found overall foreclosure activity increased 23 percent from the fourth quarter of 2007 and 112 percent from the first quarter of 2007.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Coastal Disasters = More Foreclosures?
It doesn’t matter if you’re living in Florida or California — coastal property is expensive and so are the insurance premiums that go with them. Many insurance companies that WERE writing homeowner’s insurance policies pulled out of California altogether after that one. Foreclosure Market Report. Add to that the fact that many of those homeowners who bought during the past two years financed their home purchase with For anyone who has lived through a natural disaster, the recent tornadoes in Central Florida and the horrific aftermath left behind — approximately 1,500 structures destroyed and 20 people killed — brings back memories of more than just the great need for disaster relief from the federal government (FEMA).
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Lenders Asked to Clean Up Unhealthy Foreclosures
At least unhealthy enough that, in an unprecedented move, California State Commissioner of Financial Institutions, Michael A. Kelley, sent out an official notice last Tuesday requesting that all state licensees in the financial services industry clean up any stagnant water located around vacant properties — many of which are foreclosures. One of the downsides of taking back foreclosed properties for the lender is the obligation and cost associated Not only are foreclosures unhealthy for the economy, apparently they can be unhealthy for people as well. So far in 2007 four
www.foreclosurepulse.com
- Tuesday, December 16, 2008
|
|
|
