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15 Articles match "2008","Land"
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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. Economists believe there are four basic sources of wealth: land, labor, capital and entrepreneurial ability. According to the National Association of Realtors, the median price 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
National Registration For Loan Officers Becomes Reality
But that’s about to change because registering mortgage loan officers is now the law of the land. The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 , part of the FHA reform bill, sets in place national standards for mortgage loan officers. National Registration For Loan Officers Becomes Reality By Peter G. Miller What do you know about your loan officer?
www.realtytrac.com
- Tuesday, February 3, 2009
As Home Prices Plummet, When Will You Buy?
In my opinion, we are going to see around 50% home price drop from peak in 2007(for south land) before price can stabilize. If you move westward other cities like Upland, Claremont, La Vern, San Dimas, Glendora, Azusa, Covina, Monrovia, Arcadia, San Gabriel, Temple City, Alhambra, Rosemead and Monterey Park, house price does not drop too much, probably around 5 to 10%. We sold a condo and bought a single-family home.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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FDIC Selling Off Detroit Inventory
In fact the agency’s head just announced this week that it has adjusted its estimate of how many of the nation’s banks are seriously in trouble of going out of business this year upward from 90 in Q1 2008 to 117 now. The property mix will include single-family, duplex, triplex and commercial properties plus land. 30, 2008, at the Rock Financial The Federal Deposit Insurance Corp. is having no trouble keeping busy these days.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Will Homeowners Sink or Swim?
Earlier in the year, there was a lot of discussion about a “soft landing” for the residential real estate market. Now there is increasing talk of a “harder landing.” But even if real estates landing is a soft one, one thing is clear: Real estate investors, agents and home buyers interested in successfully navigating the real estate foreclosure tide should let RealtyTrac help steer the ship towards continued success in the real estate business. Many American homeowners — initially attracted to low teaser rates on those “exotic” ARMs and sub-prime loans — now find themselves swimming upstream in a desperate attempt to remain financially afloat.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Screech from "Saved by the Bell" in Foreclosure
This is different from your typical foreclosur e because it doesnt involve a lender foreclosing on a defaulted loan; it involves a landowner foreclosing on a land contract, according to the Milwaukee Journal-Sentinel . The Associated Press is reporting that actor Dustin Diamond from televisions "Saved by the Bell" is selling T-shirts to help bail his home out of foreclosure. "Diamond, 29, is trying to sell nearly 30,000 shirts – at $15 or $20 (autographed) each – to supplement the income he makes as a standup comic so he doesn’t have to move from his Port Washington home, about 25 miles north of Milwaukee."
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Now Homebuilders Face Foreclosure
Homebuilders, meanwhile, have been frantically selling off properties at huge discounts, laying off employees and selling undeveloped land to raise capital and remain liquid. But many homebuilders — both publicly and privately held — will become extinct in 2008. If 2007 was the year of the extinction of subprime lenders, then 2008 could shape up to be the year that decimated U.S 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.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Gentle Ben Says the "R" Word...Finally!
Labor Department announced the loss of 80,000 jobs in March 2008, taking the nation’s unemployment rate from 4.8 Gentle Ben was hoping that lowering interest rates would make for a soft and “gentle” landing — which it hasn’t. At least not in 2008. Gentle Ben Bernanke has been careful not to ruffle any feathers on Capitol Hill since assuming his role as the chief caretaker of the U.S. economy. But during his first day of testimony before Sen.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Fed Pauses to Pass the Popcorn Around
The bond market — which called for the Fed to take a breather from making further adjustments — went unchanged for the day, and the real estate industry — which believes the market is in the midst of a major period of correction and headed for a soft landing — breathed a momentary sigh of relief. If the national economy cools too much and inflation spins out of control, the country may experience a recession, resulting in a hard landing for the real estate market and an increased level of foreclosures. Alan Greenspan started directing this movie more than two years ago when he made the first of 17 consecutive edits (so-called “adjustments”) to interest rates, raising them 25 basis points each.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure bargain for summer home of JFK's grandfather
The assessors office appraised the land for tax valuation at 1.3 A post last week on The Real Estate Bloggers recounted how the former summer home of President John F. Kennedys grandfather sold for a bargain price at a Feb. 28 foreclosure auction . The Hull, Massachusetts home of John F.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures in Money's 'Best Places to Live'
2) Sugar Land, Texas; 4) Columbia and Endicott City, Md.; Money magazine came out last week with another of its Top 10 lists; this one called "America’s Best Places to Live 2006 ." And the winner is . . . Fort Collins, Colorado.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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UCLA: Crash and Burn Unlikely for National Economy
Home sales and housing starts, the report estimates, will both drop (12 percent and 26 percent respectively) with home prices declining on a year-over-year basis as the economy heads for a soft landing. The nation’s economy, driven mostly by the real estate sector, has been flying at Mach 1 in clear blue skies for a number of years. Now, however, some clouds are starting to appear on the horizon, and as air currents are changing, pilots are starting to throttle back and slow things down a bit, and distressed homeowners are belted into their seats as they find themselves in for a more bumpy ride
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Ohio Lawmaker Seeks Solution to Foreclosure Level
And for subscribers to RealtyTrac — albeit investors, real estate agents or potential homebuyers — Ohio is a land of opportunity right now. It looks like foreclosures are starting to become a national call to action for some Washington bureaucrats. One example — Rep. Steven C.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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