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43 Articles match "2008","Find","Properties"
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The Latest from RealtyTrac
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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. Hudson has deposits of $49 billion, a network of 125 branches in New Jersey, New York and Connecticut and just 1,350 employees — a fraction of the workforce one would find with banks of similar size. No Mortgage Meltdown For These Banks By Peter G. Miller The news from Wall Street in recent weeks has not been good,
www.realtytrac.com
- Tuesday, February 3, 2009
Option ARM Borrowers Running Out Of Time
See: "Option ARMs, Its Later Than It Seems," September 2008.) With higher home values properties could be readily sold or refinanced with little risk. Then well find out who should not have bought and who should not have loaned. As to lender share prices and dividends, how attractive will such companies appear when huge numbers of loans Option ARM Borrowers Running Out Of Time By Peter G. Miller Step right up folks.
www.realtytrac.com
- Tuesday, February 3, 2009
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Going Against the Grain, Investor Finds Bountiful Bank-Owned Bargains
Despite the abundance of negative buzz surrounding the real estate market, Kirk Leipzig decided to pursue foreclosures as investment propertie
RealtyTrac Article Library
- Wednesday, April 16, 2008
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Going Against the Grain, Investor Finds Bountiful Bank-Owned Bargains
Despite the abundance of negative buzz surrounding the real estate market, Kirk Leipzig decided to pursue foreclosures as investment propertie
RealtyTrac Article Library
- Wednesday, April 16, 2008
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Finding Foreclosure Auctions: New Search Feature
RealtyTrac members have been asking for property search functionalitythat allows them to find all properties in a given area that arescheduled for foreclosure auction on a certain date or within a certain date range, and werehappy to announce that functionality is now here. The search results pagewill display auction properties sorted by their auction dates, with themost recent auction date first, and the auction dates will be displayed onthe search results page. If youre logged in as a RealtyTrac member , you can search and sortyour search results by auction date using our Advanced Search --available by clicking the "Advanced Search" link on My RealtyTrac or byclicking the "Search" tab on any page when youre logged in.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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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
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Home Price Indices Reporting Record Lows
Home prices on existing single-family homes continued to sink further into the abyss nationally during the first quarter of 2008, according to two leading industry indicators. The Office of Federal Housing Enterprise Oversight (OFHEO) reported last week that prices fell 1.7 percent between Q1 2007 and Q1 2008 to the lowest level seen in the 17-year history of its purchase-only house price index. “These percent for the quarter, the largest quarterly price decline on record, based solely on purchase-only transactions (without refinancings). On a year-over-year basis the
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Solving the MERS Mystery
That’s because when they see MERS — or its expanded manifestation, Mortgage Electronic Registration System — listed as the lender for a property, it often means extra work finding contact information for the actual lender who is foreclosing. Foreclosure documents often list MERS as the lender even though it is not able to answer any questions about the property, let alone entertain offers from interested buyers or investors. Many foreclosure investors consider MERS a four-letter word. MERS is a system used by many in the finance industry to track loans and the lenders in
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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When Foreclosure Is Not Politically Correct
Located in the upscale Curtis Park neighborhood of Sacramento, the property has gone through the foreclosure auction process and reportedly been purchased by Red Rock Mortgage for $388,000, a far cry from the $535,000 Richardson paid for it back in January 2007. RealtyTrac estimates the current market value of the property at $503,000. Typically when you read about a politician and foreclosure, it’s in relation to some piece of legislation created to combat the recent surge in foreclosures. But the topic of foreclosure recently became much more personal for one Long Beach,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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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
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Flying Foreclosure Photos
RealtyTrac integrated Microsoft Virtual Earth technology into its member website this week, allowing subscribers to view aerial and “birds-eye” photos of properties listed on the website (see sample below). This powerful technology should prove especially helpful for those searching for pre-foreclosure and foreclosure properties because those properties usually don’t include a curbside photograph (something that has long been a stumbling block for buyers and investors). But now even those properties can be viewed from quite close range and from several different
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Gentle Ben Says the "R" Word...Finally!
Labor Department announced the loss of 80,000 jobs in March 2008, taking the nation’s unemployment rate from 4.8 At least not in 2008. But since you can’t really time the bottom, now may be a good time to take the plunge and start looking for those good bargains that foreclosure properties can offer. Gentle Ben Bernanke has been careful not to ruffle any feathers on Capitol Hill since assuming his role as the chief caretaker of the U.S. economy. But during his first day of testimony before Sen.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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