6 Articles match "2008","Houses","New Jersey"

• The Best from RealtyTrac

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• Latest Census Data Suggest More Foreclosures Coming
  
  homeowners lead to a sharp rise in foreclosures and a collapse of the so-called housing bubble? A new report just released by the U.S. Census Bureau , based on 2005 data, suggests that the American public is spending more of their disposable income on necessities — especially owner occupied and rental housing. Foreclosure Market Will the thinly stretched finances of U.S. Depending on the city, if those costs increase any more than they already have, the end result could very well be seen on the RealtyTrac website.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Now Homebuilders Face Foreclosure
  
  homebuilders the risk of foreclosure through bankruptcy has sharply risen under the pressure of the grim housing market. Last year, the tumbling housing market claimed such large builders as Fort Lauderdale, Fla.-based in New Jersey, and Neumann Homes Inc. For millions of Americans facing foreclosure, the Federal Reserve’s interest rate cut this week was welcome news that could possibly help save thousands of homeowners from default by giving them the opportunity to refinance their adjustable-rate loan into a fixed-rate mortgage with a lower interest rate. But for
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Bubble monitoring
  
  For instance, there are a plethora ofblogs such as The Housing Bubble and Northern New Jersey Real Estate Bubble that use the rising foreclosure numbers shown by RealtyTracs data tosupport their theory of a real estate bubble about to burst. Its always fascinating to see the different ways people useRealtyTracs foreclosure data. Many ofthese bloggers take the time to drill down to the RealtyTrac data intheir area and display that to their readers.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Study Forecasts Rising Subprime Foreclosures
  
  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. The study, which cites RealtyTrac numbers as one of its sources, looked at subprime foreclosure rates from 1998 through 2006 and closely ties those
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• March Mania and RealtyTrac's Sweet 16 Foreclosure List
  
  Pittsburgh, PA — Opening Bid: $1,650 2) North Carolina — 2813 Bedfordshire Ct, Raleigh, NC — Opening Bid: $3,582 3) Massachusetts — 95-97 Dartmouth, Medford, MA — Opening Bid: $5,000 4) New Jersey — 115 Columbus Ave., Trenton, NJ — Opening Bid: $83,700 MIDWEST REGION SEMIFINAL With bank-owned houses cheaper than a used car in Detroit, Michigan and Columbus, Ohio, why not buy the whole block? Each spring brings the beginning of the real estate sales season and the end of college basketball, culminating with March Mania and the much awaited NCAA Sweet 16 playoff. This weekend,
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Tips for Buying Short Sales from the Lender
  
  The lender, on the other hand, will be considering many factors in deciding whether to approve a short sale, including: • Whether the seller is deserving of a break, due to financial hardship caused by unforeseen circumstances such as layoffs, divorce or illness; • Whether it would be cheaper to simply repossess the house, make any necessary repairs and sell it through a real estate agent or broker ; • How many other properties the mortgage lender currently has in default. For more detailed information, read Make Money in Short Sale Foreclosures , by Chantal Howell
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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