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86 Articles match "2008","Homes","Sales"
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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
Long-Term Solution for Fannie and Freddie Dilemma
home mortgages. If Fannie Mae and Freddie Mac collapse the result would be the wholesale destruction of the national mortgage system; a virtual halt to home sales because few local mortgages would be available; soaring interest rates because few loans would be available and a level of losses throughout the economy unseen since the Great Depression. Commercial banks and savings institutions insured reported a net income of $5 billion in the second quarter of 2008, according to the Federal Deposit Insurance Corporation (FDIC). Long-Term Solution for Fannie and Freddie Dilemma By Peter G.
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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The Best from RealtyTrac
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Short sales rising
Scanning the Southern California Multiple Listing Service (MLS) last week, the one thing that stands out is the growing number of short sales. Last year, you rarely saw the phrase “short sale” in the MLS property description. Today, approximately 10 percent of the listed properties are short sales. That indicates lenders are getting more eager to unload properties in foreclosure, even if it means selling them for less than is owed on the mortgage. Short sales occur when home prices fall and mortgage debt exceeds the value of the property.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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New Tax Law Spurs More Short Sales, Expert Says
For real estate investors looking for pre-foreclosure bargains, a new federal law could unleash a torrent of short sales as struggling borrowers facing foreclosure unload their over-mortgaged homes to avoid huge tax bills on capital gains. HR 3648 , or the Mortgage Forgiveness Debt Relief Act, signed by President George W. 20, helps people whose homes are in foreclosure by canceling taxes on any mortgage debt that has been forgiven by their lender. Bush on Dec. The government previously viewed the difference between the debt and the value of the home as taxable “income.”
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Tips for Buying Short Sales from the Lender
With more and more sellers unloading their homes for less than what they owe on their mortgages, now is a good time for investors to start negotiating “short sales” with lenders . Next, when you talk with the lender's loss mitigator, you'll want to find out three things: • Will the lender agree to a short sale; • What additional information they'll need to complete the process; • Request the “payoff quote schedule,” which is what the lender thinks they are owed. Real estate investors can find good deals as long as you are aware of the extra time and work required to make it happen.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures and Home Price Appreciation
While some may disagree whether foreclosures beget slowing home price appreciation or vice versa (its probably both), theres no doubt that the two are closely related. Take a look at this chart based on RealtyTracs foreclosure statistics and the Office of Federal Housing Enterprise Oversights House Price Index . Posted 01-10-2008 7:59 AM by darenb Filed under: Foreclosure Trends , Real Estate Trends Comments
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
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 attorney for Johnson said Friday that a portion of the sale proceedswent toward paying off the alleged default to New York-based lenderD.E. There are plenty of examplesof highly valued homes in exclusive 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
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Top 7 Foreclosure Stories of Past Year
The euphoria that surrounded six years of escalating home prices, record levels of home sales and rock-bottom interest rates crashed and burned in 200
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Top 7 Foreclosure Stories of Past Year
The euphoria that surrounded six years of escalating home prices, record levels of home sales and rock-bottom interest rates crashed and burned in 200
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Local Market Perspective: Lake Havasu, Ariz.
With our beautiful Lake and hot summers, we are considered a vacation and second home community. In May 2008, there were 272 new listings, down 1.5 There were 134 sold listings in May 2008, down 15.52 I am seeing a rise in foreclosures and short sales far higher than May of 2007. With a population of fewer than 55,000, the Lake Havasu, Ariz., real estate market is still declining.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Housing Slump Prelude to Recession, Study Says
The nation’s housing slump, crippled by falling prices and rising inventories of unsold homes, is the worst in a generation and still hasn’t run its full course, according to Harvard University’s annual housing report. rdquo; The study, the “ State of the Nation's Housing 2008 ,” noted that housing starts, new home sales and existing home sales are at all-time lows since after World War II, while home price declines and foreclosure filings are the worst on record. Harvard University’s Joint Center for Housing Studies painted a bleak picture of the current housing downturn, claiming that “the nation is in the throes of a housing downturn that is shaping up to be the worst in a generation.”
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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