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10 Articles match "2008","Foreclose","Notice"
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The Latest from RealtyTrac
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July Foreclosure Report
Bank Repossessions (REOs) accounted for 28 percent of all activity during the month, while defaults accounted for 41 percent and auction notices accounted for 31 percent. That is in contrast to REOs accounting for just 16 percent of all activity in July 2007, while defaults in July 2007 were still at 41 percent and auction notices were at 43 percent. Whether a person lives in the house or not, if they get U.S. foreclosure activity in July increased 8 percent from the previous month and 55 percent from July 2007, according to the RealtyTrac Foreclosure Market Report released today.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Foreclosure Filings Soar 90 Percent
A growing number of American homeowners across the country are getting foreclosure notices, according to new data released this week by RealtyTrac. Certainly not every community nationwide is seeing an increase in foreclosures, but foreclosed properties are becoming more commonplace and adding to the downward pressure on home prices in many areas.” U.S. foreclosure filings surged 90 percent in May from a year earlier as more homeowners fell behind on their monthly mortgage payments, reported RealtyTrac .
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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When Foreclosure Is Not Politically Correct
Details of the property’s history on the RealtyTrac website show that a Notice of Default was recorded against it on Dec. 14, 2007 for $18,356, followed by a Notice of Trustees Sale being recorded on March 19, 2008. The Trustee’s Deed transferring the property to Red Rock was recorded on May 19, 2008, according to the Long Beach Press-Telegram . 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
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Lenders Asked to Clean Up Unhealthy Foreclosures
Kelley, sent out an official notice last Tuesday requesting that all state licensees in the financial services industry clean up any stagnant water located around vacant properties — many of which are foreclosures. One of the downsides of taking back foreclosed properties for the lender is the obligation and cost associated with managing those REOs — some of which are bound to be vacant for a while, especially with the extended time it is currently taking to sell real estate in the Golden State. Not only are foreclosures unhealthy for the economy, apparently they can be unhealthy for people as well.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Thieves Have the New Foreclosure Math Down
Public officials have taken notice as well and are proposing legislation to deal with the situation, including holding lending institutions financially responsible for the upkeep of their REO properties until such time as they sell. Some places have even proposed that the lenders pay a registration fee for every foreclosed property when it comes back to the bank. It doesn’t take a mental giant to do the new math of the foreclosure crisis. As a matter of fact, it’s as easy as two plus two.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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CO Gives Owners More Time to Fix Foreclosure
In the past, Colorado homeowners had 45 to 60 days from the commencement of foreclosure proceedings — initiated by what is called a notice of election and demand — to cure the loan by making all past-due payments along with late charges and other costs. This redemption period allowed homeowners who had been foreclosed on to buy back their homes after the public foreclosure sale by paying the winning bidder the amount of the winning bid. “For A state law that took effect Jan. 1
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Jackson Takes a Final Bow at HUD
After that, Alphonso Jackson will probably be looking for something a little less in the public eye…at least for a while. Jackson gave notice on Monday of his intention to step down as secretary of the U.S. These “HUD homes,” like any homes that go back to a lender who forecloses, are a good potential pool of resources for investors and wannabe homebuyers looking to purchase bargain real estate. Posted 04-02-2008 9:00 AM by joelc Filed under: Foreclosure Trends , Real Estate Trend He gave himself a couple of weeks to clean out his desk, clear out of his office and say his final goodbyes to his staff.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Filings Soar 90 Percent
A growing number of American homeowners across the country are getting foreclosure notices, according to new data released this week by RealtyTrac. Certainly not every community nationwide is seeing an increase in foreclosures, but foreclosed properties are becoming more commonplace and adding to the downward pressure on home prices in many areas.” U.S. foreclosure filings surged 90 percent in May from a year earlier as more homeowners fell behind on their monthly mortgage payments, reported RealtyTrac .
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Is Eight Enough?
The number of properties with some sort of foreclosure action against them (default notice, auction notice, bank repossession) has consistently risen for the past eight quarters (see chart). The bill also earmarks $4 billion in grants for local communities to buy up foreclosed properties that may be negatively affecting the communities. While there have been monthly fluctuations up and down during this time period, the quarterly numbers consistently have been up quarter over quarter, and the most recent quarter was no exception, according to the U.S. Foreclosure Market Report
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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July Foreclosure Report
Bank Repossessions (REOs) accounted for 28 percent of all activity during the month, while defaults accounted for 41 percent and auction notices accounted for 31 percent. That is in contrast to REOs accounting for just 16 percent of all activity in July 2007, while defaults in July 2007 were still at 41 percent and auction notices were at 43 percent. Whether a person lives in the house or not, if they get U.S. foreclosure activity in July increased 8 percent from the previous month and 55 percent from July 2007, according to the RealtyTrac Foreclosure Market Report released today.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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As Home Prices Plummet, When Will You Buy?
We sold a condo and bought a single-family home.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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