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26 Articles match "2008","Florida","Real Estate"
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The Latest from RealtyTrac
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National Registration For Loan Officers Becomes Reality
The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 , part of the FHA reform bill, sets in place national standards for mortgage loan officers. But the real story is different: Mandatory registration will potentially allow mortgage investors worldwide to rank loan officer performance — and to refuse deals from those with high levels of foreclosures and delinquencies. Seen another way, the new law makes National Registration For Loan Officers Becomes Reality By Peter G. Miller What do you know about your loan officer?
www.realtytrac.com
- Tuesday, February 3, 2009
As Home Prices Plummet, When Will You Buy?
Does this make it a good time to buy real estate? 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 Now, in 2009, or will you wait until 2020 when everyone has forgotten about this housing slump and is raving about skyrocketing home prices? Home prices in 20 of the nation's major metro areas in July were collectively down 16.3
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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Florida Homeowners Overconfident Despite Foreclosures?
Results of a new study released last week by Attorneys Title Insurance Fund (The Fund) suggests that Florida homeowners are feeling pretty good nowadays about the value of their homes and the potential for those values to rise further in the future. Their least concern: falling victim to mortgage fraud -- even though the survey says that Florida is the top state in the nation for such fraud (something that is, unfortunately, always associated with real estate investors working in the foreclosure arena). Their biggest concern: being hit by a hurricane. Between those
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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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. 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. 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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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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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. State trends The four states with the highest foreclosure rates in the RealtyTrac first quarter report — Nevada, California, Arizona and Florida — were also the four states identified in the MBA report as having the most severe foreclosure problems. It’s too early to say that the lower foreclosure numbers 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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Housing glut gives foreclosure buyers and investors advantage
The biggest declines were in Florida-Sarasota-Bradenton (down 18 percent), Palm Bay-Melbourne (17 percent) and Cape Coral-Fort Myers (12 percent). At the same time, Nevada sales plunged 36 percent, while Florida posted a decline of 31 percent. For real estate investors and home buyers, weakness in January construction means that builders will slash prices and offer incentives to motivate buyers into writing offers. Foreclosures Storm clouds are gathering over the nation’s battered housing market. Depending on whom you ask, the forecast calls for either thunderstorms
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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US Foreclosures a Mixed Blessing in Q2
This is good news for real estate investors, agents and home buyers looking for a piece of the American Dream at a potentially more affordable price. Meanwhile, the number of properties entering some stage of foreclosure in California and Florida continued to decline during the quarter (7 percent and 13 percent respectively). Posted 07-27-2006 3:30 PM by joelc Filed under: Foreclosure Trends , Real Estate Trend As the most recently collected data reported today in RealtyTracs Q2 2006 U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Burning Down the House
For many real estate investors, the foreclosure market is smoking. Foreclosures nationwide are heating up, especially in once-supercharged real estate bubbles like Florida, California, Nevada and Arizona. But in Michigan, where foreclosures are widespread and a hot market for real estate investors, people are burning down the homes to avoid foreclosure . . . literally! Last month, a Michigan homeowner in foreclosure was arrested for allegedly setting her three-year old Grand Rapids home on fire to collect the insurance money, according to the
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Miami Blogger Sparks $25 Million Lawsuit
A Miami real estate agent and blogger was sued last week by a real estate developer for $25 million, according to the Miami Herald . Developer Tibor Hollo filed a defamation lawsuit against Miami real estate agent Lucas Lechuga, who claimed in his popular blog — Miami Condo Investments — that Hollo went bankrupt in the 1980s and that one of his current South Florida developments could be headed for bankruptcy, according to Inman News. “My My opinion is that this development is doomed,” wrote Lechuga on Jan. 10, predicting on the blog
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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5 States = 55% of July Foreclosure Pie
California, Florida, Michigan, Ohio and Georgia together accounted for 55 percent of all U.S. Florida foreclosure activity in July decreased almost 9 percent from the previous month, but the state still reported the second most foreclosure filings and a foreclosure rate of one foreclosure filing for every 431 households — the nations seventh highest state foreclosure rate. View full report. Posted 08-21-2007 9:19 AM by darenb foreclosure filings in July, according to the RealtyTrac U.S. Foreclosure Market Report released today.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Credit Card and Mortgage Debt Fuels Foreclosure
Add mounting mortgage payments to the credit card debt and a gloomier picture emerges for overextended borrowers — in part because so many homeowners are now trapped by payments that are about to soar, even as the real estate market slumps. Among the hardest-hit states were California, Florida, Texas, Michigan, Illinois and Ohio. Debt! No word better describes why millions of Americans are now facing foreclosure.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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