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116 Articles match "2008","Homes","Properties"
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The Latest from RealtyTrac
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Don't Dump Investors
23, 2008.) Our Secretary of the Treasury, Henry Paulson, says “as our economy works through this difficult period, we will look for additional opportunities to try to avoid preventable foreclosures. These efforts are to help American families who both want to and can, through a loan modification or re-financing, stay in their homes.” Its not the governments job to bail out Don’t Dump Investors By Peter G. Miller When it comes to bailing out giant banks, huge companies and massive stock brokerages theres no shortage of government
www.realtytrac.com
- Tuesday, February 3, 2009
No Mortgage Meltdown For These Banks
not far from Manhattan, Hudson City Bancorp has a lending philosophy that dates back decades: You can get a dull, boring, mortgage from Hudson at a very low rate — but only if you put equity into the property. Loans can be brought current and homes can be sold or refinanced to avoid foreclosure. As one example, Hermance says that of 50,000 New Jersey mortgages No Mortgage Meltdown For These Banks By Peter G. Miller The news from Wall Street in recent weeks has not been good, especially in the world of mortgages.
www.realtytrac.com
- Tuesday, February 3, 2009
Option ARM Borrowers Running Out Of Time
You say you want to buy a home but have no money. Let me introduce you to the option ARM, an affordability mortgage product that can get you into the home of your dreams.... See: "Option ARMs, Its Later Than It Seems," September 2008.) According to Fitch "the potential average payment increase on this recasting population is Option ARM Borrowers Running Out Of Time By Peter G. Miller Step right up folks.
www.realtytrac.com
- Tuesday, February 3, 2009
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Michael Jackson Property in Default
Fox News is reporting that Michael Jackson has received a notice of pending foreclosure on a home he owns in Encino, Calif. — the home where his parents live. "The estate, worth about $7 million in the current real-estate market, is known as Hayvenhurst because of its address. that bought Jackson’s note earlier this year, the pop star put his parents’ abode in jeopardy by not making the required monthly payments." A property owned by Michael J. On at least one other occasion this year, Michael simply missed payments on the $2 million mortgage. … This time, according to
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Looking to develop property? Try foreclosures.
Although most of the foreclosure properties listed on RealtyTrac are single family homes, any type of property can fall into foreclosure. That includes all kinds of commercial property and unfinished developments -- like one in San Antonio that sold at foreclosure auction Tuesday for $4.77 This property was originally listed on RealtyTrac in May with an auction date in June. million, according to the San Antonio Express-News : A creditor foreclosed Tuesday on a half-completed project on Broadway near the Interstate 35-Interstate 37 interchange, clearing the way for progress on its hulking concrete building shells.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Million Dollar Homes in Foreclosure
Contrary to popular opinion, it’s not just run-down homes in poor neighborhoods that are vulnerable to foreclosure. RealtyTrac’s national foreclosure database featured a number of million-dollar homes in some stage of foreclosure last month, including the homes pictured below. For home buyers at the more expensive end of the real estate market, these types of properties can represent good investment opportunities. (Note: U.S. foreclosures are up from last year as higher interest rates force more homeowners into default and softening housing prices give defaulted
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Home Price Indices Reporting Record Lows
Home prices on existing single-family homes continued to sink further into the abyss nationally during the first quarter of 2008, according to two leading industry indicators. The Office of Federal Housing Enterprise Oversight (OFHEO) reported last week that prices fell 1.7 percent between Q1 2007 and Q1 2008 to the lowest level seen in the 17-year history of its purchase-only house price index. “These percent for the quarter, the largest quarterly price decline on record, based solely on purchase-only transactions (without refinancings). On a year-over-year
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Home Prices Fall Deeper Into the Abyss
Homeowners across the country may be feeling a bit like Mel Brooks’ character from his movie “High Anxiety” now that Standard and Poor’s has released its May numbers for the S&P/Case-Shiller Home Price Indices . Home prices in its original composite 10 metro areas fell to a new record low, down 16.9 percent In the movie, Brooks’ character nervously sweats every time he even thinks about getting into an elevator. Well, the nation’s homeowners are sweating it out now, being taken on the descending elevator ride of their lives, especially those
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Rise in Home Values Keeps Foreclosures in Check
Economics 301 – Home Price Appreciation and Household Net Wealth According to the Business & Economic Review June 2006 released last week by the A. Gary Anderson Center for Economic Research at Chapman University, home price appreciation on the national level has been virtually unstoppable since 1980. While this is good news for anyone who owns a home, there is a potential downside to this forecast for anyone interested Reaching a double-digit peak above 14 percent before dropping back to 9 percent over the past six months, the rate of price appreciation is still more than double the norm (4 percent) for the nation over time.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure bargain for summer home of JFK's grandfather
A post last week on The Real Estate Bloggers recounted how the former summer home of President John F. 28 foreclosure auction . The Hull, Massachusetts home of John F. The home had been fraudulently purchased by Jamie Edelkind who was sentenced for 5 years in jail. A search Kennedys grandfather sold for a bargain price at a Feb. Kennedy’s grandfather sold at auction at a steep discount Tuesday for the price of $950,000.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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As Home Prices Plummet, When Will You Buy?
Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today. quot; Las Vegas and Phoenix posted the two biggest annual declines in home prices of the 20 metro areas tracked in the report, followed by Miami with a 28.2 Prices in those metro areas were down 19.5 percent from their peak in July 2006. "There
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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$15.75 million pre-foreclosure purchase of Don Johnson's home
estate, according to an article in the Aspen Daily News . "Don Johnson may have saved his Woody Creek ranch frombeing sold Wednesday at a foreclosure auction, but it was because thecelebrity unloaded his 17-acre property Monday for $15.75 This story shatters the misconception that only run-down properties inpoor neighborhoods fall into foreclosure. A last-minute pre-foreclosure sale last week allowed actor Don Johnsonof televisions "Miami Vice," to avoid foreclosure on his Aspen, Colo.,estate, million,according to records at the Pitkin County Clerk & Recorders Office. "An
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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