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26 Articles match "2008","Florida","Properties"
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The Latest from RealtyTrac
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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
Local Market Perspective, SW Florida
Now as I can't speak for all areas of the country; Southwest Florida experienced a huge growth in a very short time and was fueled by speculators thinking the rise would never stop. 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. They can live the SW Florida dream with 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".
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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Local Market Perspective, SW Florida
Now as I can't speak for all areas of the country; Southwest Florida experienced a huge growth in a very short time and was fueled by speculators thinking the rise would never stop. 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. They can live the SW Florida dream with 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".
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Coastal Disasters = More Foreclosures?
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). 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. It also brings back bad memories of dealing with insurance companies and very slow claims service. Back in 1994 something called
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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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
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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
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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
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US Foreclosures a Mixed Blessing in Q2
On the positive side, foreclosure activity nationwide during Q2 2006 rose 25 percent over the same quarter last year to 272,109 properties . On the flip side, however, foreclosure activity nationwide decreased 16 percent between the first and second quarters of the year, meaning there are less properties to invest in, thus making the search for properties that will pencil out as a "good deal" even harder to find. With the highest As the most recently collected data reported today in RealtyTracs Q2 2006 U.S. Foreclosure Market Report suggests, there is both an upside and
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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I'll Take Sour Cream and Chives
The five: California, Florida (the hanging chad capital of the western world), Michigan, Ohio and Georgia. Just an FYI: in the upcoming 2008 presidential election, California will have 55 electoral votes, Florida 27, Michigan 17, Ohio 20 and Georgia 15. Investors, real estate professionals and potential home buyers looking to pick up a property at bargain prices should stay keenly focused on this election. No butter for me. Personally, I like my hot baked potato covered with sour cream and chives.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Now Homebuilders Face Foreclosure
This week, Florida-based homebuilder Tousa Inc. Homebuilders, meanwhile, have been frantically selling off properties at huge discounts, laying off employees and selling undeveloped land to raise capital and remain liquid. But many homebuilders — both publicly and privately held — will become extinct in 2008. For millions of Americans facing foreclosure, the Federal Reserve’s interest rate cut this week was welcome news that could possibly help save thousands of homeowners from default by giving them the opportunity to refinance their adjustable-rate loan into a fixed-rate mortgage with a lower interest rate.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Bank-Repossession Beat Continues in March
In the latter case, the homeowner offers to convey ownership of the property to the foreclosing lender. The lender also has to agree to the DIL arrangement, which may involve clearing out other liens secured by the property. But that may be better than the alternative — a costly and lengthy process that will quite likely end with the bank repossessing the property anyway. For the third month in a row U.S. foreclosure activity registered at more than 50 percent above the level it was at a year ago, according to the March RealtyTrac U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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FBI: Mortgage Fraud Begets Foreclosure
The correlation is apparent in the report’s list of the top states for mortgage fraud: California, Florida, Georgia, Illinois, Indiana, Michigan, New York, Ohio, Texas, and Utah. The FBI also lists Arizona, Colorado, Maryland, Minnesota, Missouri, Nevada, North Carolina, Tennessee, and Virginia as other areas significantly affected by mortgage fraud. The report identifies the most common scam as “illegal property flipping.” The FBI recently came out with its 2006 Mortgage Fraud Report , which somewhat anticlimactically concludes that there is “a strong correlation between mortgage fraud and loans which result in default or foreclosure.”
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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