19 Articles match "2008","Homes","Michigan"

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Avoid and Stop Foreclosure - Help at RealtyTrac
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www.realtytrac.com - Tuesday, February 3, 2009
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July Foreclosure Report
This shift in percentages shows that a higher proportion of properties that enter the forecosure process are ending up repossessed by lenders. Posted 08-14-2008 2:00 AM 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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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." And it probably accounts in large part for whats happeningin states like Ohio, Michigan and Indiana. 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 p=568
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Michigan Goes Hollywood to Help Homeowners
    Rather, it’s more of a “reality” television show. The State of Michigan is hitting the airwaves with a cable television show of its own called “House Michigan” aimed at promoting homeownership and everything that entails. Since January 2006 Michigan has ranked in RealtyTrac’s top 10 states with the greatest foreclosure activity in the nation, most of that time maintaining a position in the top five. Lights! Camera!
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Home Price Appreciation Stays Sluggish
    The Office of Federal Housing Enterprise Oversight’s House Price Index for the fourth quarter of 2006 shows home prices were up 1.1 For the second consecutive quarter Michigan’s home price appreciation declined on a year-over-year basis, dropping 0.4 Not coincidentally, Michigan documented the nation’s second highest foreclosure rate in January 2007, according to RealtyTrac’s U.S An index issued Thursday suggests the nation’s sputtering housing market is running low on the fuel it needs to accelerate — price appreciation. percent from the previous quarter and up
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • May Home Prices Down 4.8 Percent
    Home prices were down again in May, but a few regions of the country experienced a ever-slight uptick in prices from the previous month, giving officials at the Office of Federal Housing Enterprise Oversight (OFHEO) a chance to be cautiously optimistic in the press release announcing the numbers. "It Nationwide, the OFHEO report showed home prices in May were down 0.3 quot;It is very hard to draw conclusions from a one-month number, especially in these uncertain times; but the numbers in the Pacific, East and West North Central Divisions may be good signs," said OFHEO Director James B.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Appreciation Rates Foreshadow Foreclosures
    Home prices rose just 1.3 Michigan home prices declined 0.6 percent from the third quarter of 2005, making Michigan the first state to report a year-over-year decline in more than six years. These states included Michigan, Ohio, Indiana and Colorado. 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.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Burning Down the House
    But in Michigan, where foreclosures are widespread and a hot market for real estate investors, people are burning down the homes to avoid foreclosure . . . 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 Grand Rapids Press . Sheryl Christman , a 38 year old housewife, For many real estate investors, the foreclosure market is smoking. Foreclosures nationwide are heating up, especially in once-supercharged real estate bubbles like 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 ldquo;As the initial shock of home price declines dissipate and markets settle down from volatility of the last nine months, we’re seeing tremendous opportunity. 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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  • Make Food, Not Foreclosures
    Just like it was in 2007, Wayne County has been a hotbed of foreclosure activity in Michigan so far in 2008. Contributing to the downfall are high unemployment, low home sales volume and deflating home prices. A non-profit group has launched a program to turn former foreclosures into farmland. National Public Radio is reporting that the non-profit group Urban Farming requested that Wayne County, Mich.,
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Priced to Foreclose
    A new report shows a strong correlation between slow home priceappreciation and high foreclosure rates, although its clear thecorrelation does not involve a direct cause-and-effect relationship. The Office of Federal Housing Enterprise Oversight (thank goodness for acronyms) on Thursday released home price appreciation statistics for the first quarter of 2006, which show that U.S. homes are appreciating at the slowest quarterly rate since the firstquarter of 2004. The OFHEO report ranks the 50 states and the District of Columbia basedon year-over-year home price appreciation.
    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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  • BK' Doesn't Stand for Burger King
    And for struggling homeowners it often represents what they think is the last stand they can take before losing their home to foreclosure. The latest figures ratify trends that began last year, depicting households under growing stress from heavy consumer debts, now in homes they can’t afford and can’t sell,” said ABI Executive Director Samuel J. Gerdano, who expects consumer bankruptcies for 2008 to top 1 million, according to a Reuters The only kind of whopper a person with this kind of ‘BK’ is going to get is a whopper of a headache. In this, the legal sense for the abbreviation,
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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