|
|
26 Articles match "2008","Example","Properties"
|
The Latest from RealtyTrac
|
MORE
|
|
No Mortgage Meltdown For These Banks
not far from Manhattan, Hudson City Bancorp has a lending philosophy that dates back decades: You can get a dull, boring, mortgage from Hudson at a very low rate — but only if you put equity into the property. As one example, Hermance says that of 50,000 New Jersey mortgages his bank bought back just two properties during a recent 12-month period. percent No Mortgage Meltdown For These Banks By Peter G. Miller The news from Wall Street in recent weeks has not been good, especially in the world of mortgages.
www.realtytrac.com
- Tuesday, February 3, 2009
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
|
-
|
The Best from RealtyTrac
|
MORE
|
-
Michael Jackson Property in Default
that bought Jackson’s note earlier this year, the pop star put his parents’ abode in jeopardy by not making the required monthly payments." A property owned by Michael J. This is just another example that all types of property are susceptible to foreclosure, even multimillion dollar estates. And for high-end investors, properties like this one — which is valued at more than $7 million according Fox News is reporting that Michael Jackson has received a notice of pending foreclosure on a home he owns in Encino, Calif. — the home where his parents live. "The estate,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Foreclosure Lessons from Long Beach: Part II
As promised, here is another lesson about successfully searching andpursuing foreclosures based on a recent conversation with a customerwho was searching for properties in Long Beach, Calif. Lesson 2: Call the trustee or lender to get most recent property status After you find a property that interests you, first call the trustee (for pre-foreclosures and auctions) or the lender (forbank-owned properties) to make sure the property is still inforeclosure before you sink any more of your valuable time into pursuingthe property. Confirming the status is necessary because although RealtyTrac checksif a property is SOLD, there may be a delay before we receive thatinformation and the owner in default could also reinstate the property,meaning it is no longer in foreclosure even though it did not sell.Also, even if RealtyTrac has an auction date listed, its not uncommonfor that auction date to be postponed, something you could only findout from the trustee.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
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 For example, one sale I did 30 days ago, was a brand new 1,700 square foot home, with 3 bedrooms with a motor home garage 55 feet deep. 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
-
Foreclosure Activity Deflating or Just Deferred?
In fact, the RealtyTrac report has shown month-to-month decreases in previous months, even during the dramatic run-up in foreclosure activity that has occurred over the past year and a half: in February 2008, November 2007, September 2007, June 2007, April 2007, and February 2007. But the increases in those categories started to slow down in 2008. U.S. foreclosure activity in June decreased 3 percent from the previous month but was still up 53 percent from June 2007, according to the RealtyTrac U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
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
-
Where to find the best deals on foreclosures
Our analysis of nationwide foreclosure property sales in the last seven months shows that while some areas of the country documented a plethora of properties in foreclosure and big savings on foreclosure purchases, other areas reported relatively low foreclosure inventories and smaller average savings on foreclosure purchases. In addition, the low average sales price of foreclosures in these states makes it easier to purchase a foreclosure property — especially at foreclosure auctions, where the full amount in cash is sometimes required. It’s important for buyers and investors who are interested in the foreclosures market to carefully evaluate local market conditions before diving into foreclosures in any given area.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
OTS Director Offers Alternative Plan to Congress
million American families with 2/28 and 3/27 mortgages are scheduled to reset by the end of 2008), Reich relied on a number of sources to support his point, including foreclosure numbers from RealtyTrac. Reich pointed to the FHASecure program as an example, where 116,000 loans have closed since the program was launched in September 2007, but only 1,500 of them were made to refinance delinquent conventional loans. In a statement delivered before the Committee on Financial Services of the U.S. House of Representatives earlier this week, John M.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Local Market Perspective, Seattle, Wash.
Here are some things to keep in mind when considering a distressed property purchase: Foreclosures are the most problem prone and strenuous type for real estate purchase. You must have capital to purchase a distressed property. On average, you need 10 percent market value in cash to reinvest in the property. You never get a perfect house. You get price per-square-foot.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
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). As always, for investors interested in foreclosure property it’s a matter of doing your homework to get ideas on where to search. This list in Money 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
-
A (Relatively) Few Bad Apples Spoil the Barrel
Foreclosure Market Report issued today, the total number of properties with foreclosure activity in April reached the highest level on a monthly basis since RealtyTrac began issuing the report in January 2005. properties during the month -- certainly a big number, although only a tiny fraction of the nation's 126 million total housing units. Still, nearly a quarter According to the RealtyTrac U.S. Foreclosure filings were reported on 243,353 U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
|
|
|
