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10 Articles match "2008","Foreclose","Washington"
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The Latest from RealtyTrac
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Another Approach to $700 Billion Bailout
Below are excerpts from an article he wrote about these alternatives. "One alternative is to simply offer low-interest loans to borrowers who currently have toxic mortgages. "Figures developed by Rick Sharga, senior vice president at RealtyTrac, show that the likely cost of low interest loans would be roughly $220 billion — hardly cheap, but a lot less expensive than the $700 billion plan now being discussed in Washington. "Sharga's Stop fanning the fantasy of the “American Dream” of owning an outrageous debt for the next 30 years.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Screech from "Saved by the Bell" in Foreclosure
The Associated Press is reporting that actor Dustin Diamond from televisions "Saved by the Bell" is selling T-shirts to help bail his home out of foreclosure. "Diamond, 29, is trying to sell nearly 30,000 shirts – at $15 or $20 (autographed) each – to supplement the income he makes as a standup comic so he doesn’t have to move from his Port Washington home, about 25 miles north of Milwaukee." This is different from your typical foreclosur e because it doesnt involve a lender foreclosing on a defaulted loan; it involves a landowner foreclosing on a land contract, according to the
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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When Foreclosure Is Not Politically Correct
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 . At the time of sale Richardson allegedly owed her lender, Washington Mutual, more than $578,000 thanks to the 100 percent financing used to purchase the home and the additional fees and costs incurred by foreclosure. 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.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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As Foreclosures Mount, Candidates React to the Credit Crisis
With mortgage foreclosures at historic highs, Democrats and Republicans are fighting over a political issue that could have major implications in the 2008 presidential campaign. Meanwhile, the rising flood of foreclosures promises to become a major presidential campaign issue in the weeks and months ahead because an alarming 2 million American homeowners could lose their homes by November 2008. Sensing an opportunity to win votes, the major presidential candidates have come out swinging; proposing a variety of prescriptions to ease the worsening housing slump.Both the White House and Democrat leaders in Congress agree that something must be done to stop the foreclosures.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Study Forecasts Rising Subprime Foreclosures
It warns cities in California, Nevada, New Jersey, New York and Michigan, as well as the greater Washington, D.C. Absent from the studys executive summary and proposed solutions are any mention of the borrower’s role in preventing foreclosed subprime loans. A new study released yesterday by the Center for Responsible Lending projects that one out of five subprime mortgages originated in the past two years will end in foreclosure, costing homeowners as much as $164 billion. “This rate is nearly double the projected rate of subprime loans made in 2002, and it exceeds the worst foreclosure experience in the modern mortgage market, which occurred during the “Oil Patch” disaster of the 1980s.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Legend of Foreclosure Vandalism Grows
The article claims that "real estate agents estimate that about half of foreclosed properties to be sold by mortgage companies nationwide have substantial damage, according to a new survey by Campbell Communications, a marketing and research firm based in Washington, D.C." The Wall Street Journal is reporting that more and more homeowners forced out of their homes by foreclosure are turning to vandalism to lash out in some tangible way in a situation where they feel powerless. Las Vegas is used as a backdrop for the story, not surprising given that the foreclosure rate in Las
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Home Prices Fall Deeper Into the Abyss
Washington, Los Angeles, New York and Miami are highlighted in a S&P press release as the best performing markets overall since January 2000. For potential homebuyers, investors and real estate professionals, it means the flow of foreclosed properties should continue into the indefinite future — at least until home prices stabilize somewhere down the abyss and reverse their direction back up the elevator shaft. Posted 07-29-2008 4:30 PM by joelc Filed under: Foreclosure Trends , Real Estate Trend
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Almost Like Reliving the Nineties
And we continue to believe that it will take a true recovery of the housing sector before the nation pulls out of the black hole it’s falling into thanks to seven years of poor financial planning in Washington and the too little too late kneejerk response of the Federal Reserve. It doesn’t matter whether you are talking about total foreclosure filings (defaults, auctions and REOs together) or the total number of unique properties being foreclosed on every month. Well, in case you either weren’t in the business at that time, or were hoping to erase the nightmare permanently, welcome to the early 1990s redeaux…almost!
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Another Approach to $700 Billion Bailout
Below are excerpts from an article he wrote about these alternatives. "One alternative is to simply offer low-interest loans to borrowers who currently have toxic mortgages. "Figures developed by Rick Sharga, senior vice president at RealtyTrac, show that the likely cost of low interest loans would be roughly $220 billion — hardly cheap, but a lot less expensive than the $700 billion plan now being discussed in Washington. "Sharga's Stop fanning the fantasy of the “American Dream” of owning an outrageous debt for the next 30 years.
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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Avoid and Stop Foreclosure - Help at RealtyTrac
Stop Foreclosures Click on a state below to get information on stopping foreclosures in your area: Search 1,683,603 U.S. foreclosure properties Click on a state!
www.realtytrac.com
- Tuesday, February 3, 2009
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