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13 Articles match "2008","February","Properties"
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The Latest from RealtyTrac
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Local Market Perspective, SW Florida
With real estate prices moving downward and more affordability coming back into our market it now makes since for young professionals to make the move from the cold and down to 85 degree weather in February. Eventually those who were unable to make obligations to their monthly payments had to surrender those properties back to the banks and now the banks need to unload them. I was talking with a group of teachers the other day and for the first time in a few years I didn't hear them say "We can't afford to take this position in Southwest Florida". This was not the case
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. As of February, the rate was one foreclosure forevery 1,223 households. At the same time, thesteep rise in housing prices over the last few years An article in the Los Angeles Times onTuesday documented the sad story of a defaulted homeowner who was thevictim of alleged foreclosure fraud. The article goes on tomake the case that foreclosure fraud crime is on the rise.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Foreclosures up 13 percent in February
RealtyTrac released our February 2006 foreclosure numbers today, and they show U.S. 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 foreclosures increasing for the third month in a row. Thats a foreclosure rate
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures up 13 percent in February
RealtyTrac released our February 2006 foreclosure numbers today, and they show U.S. 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 foreclosures increasing for the third month in a row. Thats a foreclosure rate
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Too Soon For a Comeback
Even the National Association of Realtors, which has come out with its latest report documenting a two percent decline in existing home sales for March 2008, down 19.3 month supply in February). percent in February. At present it does not appear that there is enough evidence yet to declare that a market comeback is in the offing. The bottom line is that no one can say anything with 100 percent certainty given the current state of our national economy.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Feb. Foreclosure Report: Are We at Bottom Yet?
February foreclosure activity was down 4 percent from the previous month but still up 57 percent from February 2007, according to the latest RealtyTrac U.S. The February monthly decrease is more likely a seasonal decrease helped along by a shorter-than-average month and the fact that Januarys numbers are often padded with some pent-up foreclosure activity from the holiday season. That premise is supported Foreclosure Market Report . So does the monthly decrease mean weve hit a ceiling of sorts for this cycle in terms of foreclosures?
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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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
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Economic Indicators: Image Is Everything
1) The National Association of Realtors announced Monday that existing home sales nationwide were up for the month of February compared to January. 3) The Conference Board’s Consumer Confidence Index also came out Tuesday with its analysis showing that consumer confidence in the nation’s economy slid nearly 12 percent in March following a sharp decline in February, and remaining at a five-year low. Commerce Department reported When it comes to purchasing real estate — either as a primary residence or as an investment — perception is everything. When reports of telltale economic
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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America's Most Expensive Foreclosure?
Mention the word “foreclosure” and most homebuyers and investors conjure up images of run-down and dilapidated properties located in undesirable neighborhoods. But now some of the most opulent estates are increasingly becoming available for savvy investors and homebuyers as a growing number of well-healed homeowners are defaulting on their mortgage payments and property taxes. The mansion was foreclosed on February Consider Veronica Hearst’s Manalapan mansion. If opulence and grandeur is what you desire, then you might consider buying Hearst’s former Manalapan estate.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures Don't Back Down in September
RealtyTrac’s monthly foreclosure report shows 112,210 properties entering some stage of foreclosure during September, a decrease of less than 1 percent from August but an increase of more than 63 percent from September 2005. September’s foreclosure rate of one new foreclosure filing for every 1,030 households was the third highest monthly foreclosure rate year to date, behind only the foreclosure rates reported in August and February. Foreclosure activity in September didn’t back down much from the jump reported in the previous month, RealtyTrac reported today. Colorado, Nevada
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Thriller — Pay Up or Beat It
Following closely on the heels of another trophy property recently sold on the auction block, Michael Jacksons Neverland Ranch is set to possibly suffer a similar fate. filed the notice of trustee’s sale with the Santa Barbara County Superior Court on February 26th. View auction notice on RealtyTrac . “We acres of beachfront property, the 32,000 square foot trophy mansion — complete with 9-bedrooms and For the second time in less than a month, the real estate bubble has burst on a rich and famous homeowner’s palatial estate. On March 19, at 1:00 p.m.,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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New Poll: Buyers to Remain on the Fence
Conducted between March 24 and April 3, 2008, by Abt SRBI Inc., For one, existing home sales — which went up in February — may be nothing more than a momentary blip on the radar screen. Thats where working foreclosure properties can really help attract hesitant buyers into the marke If the results of the latest Associated Press-AOL Money & Finance poll are any indication, prospective home buyers will be keeping their wallets closed and remain on the fence at least until the latest economic downturn blows over. And that could be years down the road.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Extreme' Dream Gone Bust
ABC’s Extreme Makeover Home Edition came to the rescue, demolishing the Harper’s old run down home with a faulty septic tank and replacing it with a 5,300 square-foot, two-story dream home in Lake City, Georgia. When the show first aired back on February 20, 2005, the home was the largest ever built in a week by the show. Still, for a potential homebuyer or investor looking for a newer property in a suburb of Atlanta, this is probably one of those properties that will go back to the bank as an REO. Three years ago Patricia and Milton Harper received a gift courtesy of reality television.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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