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31 Articles match "2008","Foreclosures","Ohio"
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Where to find the best deals on foreclosures
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. 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. Foreclosure markets most favorable to buyers and investors According to data from the RealtyTrac database, homebuyers and investors realized average savings over the past seven months of more than 40 percent on foreclosure purchases in Ohio and average savings of more than 30 percent on foreclosure purchases in Indiana , Tennessee , Georgia and Texas .
www.foreclosurepulse.com
- Tuesday, December 16, 2008
ARM'd and Dangerous?
He asks a question toward the end of his post about why the Midwestseems to be getting hit unusually hard with foreclosures in spite ofthe fact that both coasts saw higher price spikes in home values and ahigher percentage of "exotic loans." Jonathans question reflects a popular bias these days towardsdirectly linking the rising foreclosure rates to default rates onsome of the higher risk loans that have become increasingly popular -ARMs, interest only, negative amortization, etc. Another nice post from Jonathan Miller on his Matrix blog, "Foreclose Already So We Can Get Back To Normal" ( http://matrix.millersamuel.com/?p=568
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Montgomery County, Ohio Foreclosure Map
As requested by Jack in a previous post , here is a fourth quarter foreclosure activity map for Montgomery County, Ala. Certainly, the activity is not as dense here as in some of the other maps weve posted, but there still seems to be a good amount of activity. Posted 02-17-2008 8:50 PM by darenb Filed under: Pre-Foreclosures , Foreclosure Auctions , Bank-Owned/REOs , Foreclosure Trends Comments
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Ohio Lawmaker Seeks Solution to Foreclosure Level
It looks like foreclosures are starting to become a national call to action for some Washington bureaucrats. LaTourette (R-Ohio) — who chaired a meeting of the U.S. The topic on the table: the high foreclosure rate in Cuyahoga County — one of the highest in the nation — and what can be done to ease the bleeding. One example — Rep. Steven C.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Local Market Perspective: Cleveland, Ohio
Contact Evie Braman or post comments below. Posted 05-29-2008 8:06 AM by EvieB Filed under: Ohio foreclosures , Cleveland foreclosure WATCH: Here in Cleveland, watch the market for the best deals! Some sellers are against the wall and will sell well under market value.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Top Metro Foreclosure Rates
Fifteen of the cities with the top 25 metro foreclosure rates in the first half of 2007 were located in California, Florida and Ohio, according to the R ealtyTrac Midyear 2007 Metropolitan Foreclosure Report , released yesterday. California led the way with seven cities in the top 25, while Florida and Ohio both had four cities. The report ranks the foreclosure rate in the nation’s 100 largest metro areas. Stockton, Calif.,
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. foreclosure filings in July, according to the RealtyTrac U.S. Foreclosure Market Report released today. The foreclosure filings tracked in the report are default notices, auction notices and bank repossessions. California reported the most foreclosure filings of any state, with 39,013. The states foreclosure activity was actually down a half a percent from the previous month but still up 289 percent from July 2006.
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. 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. That closely mirrored the trend in MBA’s foreclosure rate, which put the percentage of loans in the foreclosure percent at the end of the first quarter, up 21 percent from the 2.04 percent reported in the fourth quarter of 2007 and up 93
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Appreciation Rates Foreshadow Foreclosures
Third-quarter house price appreciation figures released last week by the Office of Federal Housing Enterprise Oversight provide more evidence of a cooling real estate market and further foreshadowing of a continued rise in foreclosures — all pointing to more opportunities for real estate investors to buy low. Several of the states with the 10 lowest appreciation rates also posted foreclosure rates among the nation’s 10 highest in the third quarter, according to the RealtyTrac U.S. The OFHEO report shows national house prices rose 7.73 percent from the third quarter of 2005, down
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Trimming the Fat From Foreclosure Overload
Probably the biggest downside to dealing with a property sited in a judicial foreclosure state is the tedious length of the process involved. Well, the judiciary in Cuyahoga County — Ohio’s most populated county — has taken the disturbing backlog of foreclosure cases in their courts as a call to action and took it upon themselves to actually do something about it. Reporting 2,294 properties entering some stage of foreclosure, Just ask any homeowner, investor, lender OR JUDGE for that matter. Foreclosure Market Report .
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. Foreclosure Market Report , released yesterday. 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 55 percent from the first half of 2006. “The The addition of this (property count) metric to our
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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1 Million Foreclosures and Counting
Foreclosures filings for the year surpassed the 1 million mark in October, when 115,568 foreclosure documents were recorded nationwide, according to the RealtyTrac U.S. Foreclosure Market Report , released today. The report shows a foreclosure rate of one new foreclosure filing for every 1,001 U.S. households — up 3 percent from September and 42 percent from October 2005. The year-to-date foreclosure total stands at 1,029,132, up from 732,608 at the same time last year.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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