13 Articles match "2008","Detroit","Properties"

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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. So it’s no wonder that it has no time to play nursemaid to a bunch of foreclosed real estate in foreclosure-laden Detroit, Mich. The Federal Deposit Insurance Corp. is having no trouble keeping busy these days.
  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 notable exceptions included Detroit — a longtime posterchild for the foreclosure meltdown — and Philadelphia, along with a few other Pennsylvania metro areas. 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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• Make Food, Not Foreclosures
  
  Just like it was in 2007, Wayne County has been a hotbed of foreclosure activity in Michigan so far in 2008. Similar to other parts of the nation’s Rust Belt, the county’s real estate market — particularly Detroit — is suffering. The pilot program would start with 20 plots, with the City of Detroit donating the water. A non-profit group has launched a program to turn former foreclosures into farmland. National Public Radio is reporting that the non-profit group Urban Farming requested that Wayne County, Mich.,
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• California Tops PMI's Risk Index
  
  Of the top 50 metros, 19 face a more than 50 percent chance of declining home prices through the end of 2008. Of the top 50, all but four metro areas — Detroit and Warren, MI; Cleveland, OH; and Indianapolis, IN — saw employment growth. According to RealtyTrac’s year-end report for 2006 , Detroit led the nation’s 100 largest metro areas in foreclosure rate, reporting that 4.9 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. Market Risk Index just
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures Fade in World Series Spotlight
  
  The Detroit Tigers are the feel-good story of this year’s World Series, having made it to baseball’s big dance only three years after posting 119 losses — one of the worst records in history. Detroit’s Wayne County reported 4,190 properties entering foreclosure in September, the second most only behind Chicago’s Cook County (whose fans didn’t have any team to cheer in the playoffs this year). The Tigers have given local fans a chance to momentarily forget about another dubious distinction: that they reside in a city with one of the highest foreclosure rates in the nation .
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• March Mania and RealtyTrac's Sweet 16 Foreclosure List
  
  Trenton, NJ — Opening Bid: $83,700 MIDWEST REGION SEMIFINAL With bank-owned houses cheaper than a used car in Detroit, Michigan and Columbus, Ohio, why not buy the whole block? Columbus, OH — Opening Bid: $18,000 2) Detroit — 11840 Longview St., Detroit, MI — Opening Bid: $55,333 3) Indiana — 719 Hiatt St., Each spring brings the beginning of the real estate sales season and the end of college basketball, culminating with March Mania and the much awaited NCAA Sweet 16 playoff. This weekend, as the best college basketball players square off, RealtyTrac will tip off its
  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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• Stacking Up 2007 Metro Foreclosure Rates
  
  Detroit, Stockton and Las Vegas were the top three, each with more than 4 percent of total households in some stage of foreclosure during the year. To give you a more graphical view of the on-the-ground implications of foreclosure activity at the neighborhood level, weve created a map showing Detroit fourth-quarter foreclosure filings geographically. Even at this zoom level (which doesnt even capture the entire city), it appears It was the usual suspects topping the 2007 MSA Foreclosure Rate Rankings released by RealtyTrac today. Five other California metro areas joined Stockton
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• 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. and Detroit. The Realtor group also forecast a spike in foreclosures activity next year. LONG BEACH, Calif. — 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
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Home Prices Fall Deeper Into the Abyss
  
  Detroit was down 17.4 For potential homebuyers, investors and real estate professionals, it means the flow of foreclosed properties should continue into the indefinite future — at least until home prices stabilize somewhere down the abyss and reverse their direction back up the elevator shaft. Posted 07-29-2008 4:30 PM by joelc Filed under: Foreclosure Trends , Real Estate Trend Homeowners across the country may be feeling a bit like Mel Brooks’ character from his movie “High Anxiety” now that Standard and Poor’s has released its May numbers for the S&P/Case-Shiller Home Price Indices .
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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