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35 Articles match "2008","Offer","Properties"
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The Latest from RealtyTrac
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No Mortgage Meltdown For These Banks
One result is that the mortgage meltdown is described in global terms, as if all lenders offered toxic loans during the past few years and the entire financial community is universally in trouble. number of lenders have maintained traditional underwriting standards and mortgage offerings. not far from Manhattan, Hudson City Bancorp has a lending philosophy that dates back decades: 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
See: "Option ARMs, Its Later Than It Seems," September 2008.) According to Fitch "the potential average payment increase on this recasting population is 63 percent, representing on average an additional $1,053 due each month on top of the current average payment of $1,672." You dont have to be a math major to figure out what will happen next: Huge numbers of option ARMs will fail in the next 24 to 30 months with results that will be devastating to borrowers, loan portfolios and local home values. How They Work Formally known as "payment option adjustable rate mortgages," option
www.realtytrac.com
- Tuesday, February 3, 2009
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The Best from RealtyTrac
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OTS Director Offers Alternative Plan to Congress
Reich, Director of the Office of Thrift Supervision (OTS), offered an alternative foreclosure prevention plan to the one under consideration from the Federal Housing Administration (FHA). million American families with 2/28 and 3/27 mortgages are scheduled to reset by the end of 2008), Reich relied on a number of sources to support his point, including foreclosure numbers from RealtyTrac. In a statement delivered before the Committee on Financial Services of the U.S. House of Representatives earlier this week, John M.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Online Real Estate Auctions: 12 Tips for First-Time Bidders
Online auctions offer both novice and experienced real estate buyers a way to obtain under-valued propertie
RealtyTrac Article Library
- Wednesday, June 4, 2008
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Online Real Estate Auctions: 12 Tips for First-Time Bidders
Online auctions offer both novice and experienced real estate buyers a way to obtain under-valued propertie
RealtyTrac Article Library
- Wednesday, June 4, 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 As a result of the losses, Fannie is revising its forecast for home price declines from a 5 to 7 percent loss nationally for all of 2008, to a 7 to 9 percent loss for the year, with significant regional differences in the rate of home price declines. 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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Local Market Perspective: Lake Havasu, Ariz.
In May 2008, there were 272 new listings, down 1.5 There were 134 sold listings in May 2008, down 15.52 The property was worth $550,000 in 2005, but today sold for $308,000. Right now I am telling my buyers to come on over and pick out a home before everyone realizes the bargains and lines forms on offers forcing prices back up. 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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How to finance your foreclosure purchase? How about your IRA?
If youre looking for creative ways to finance an investment in a foreclosure property, you may not need to look much further than your retirement account. Titled " Buying Investment Property Through Your IRA ," the article offers a wealth of information on how to use funds already in your IRA to invest in different types of properties. While the article doesnt discuss foreclosure properties directly, much of the A good article ran today in Lew Sichelmans Realty Q & A column in MarketWatch. Among other things, Lew covers some of the tax strategies, limitations and
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The 7 Lost Secrets of Foreclosure Investing
Rapid and sweeping changes in the real estate market are altering the way investors and agents buy and sell properties — especially foreclosures. Being pre-qualified gives you bargaining power when it comes time to writing offers. SECRET #2: Plot a Course — Chart your course before you set sail. Write a plan before you start writing offers. Increasingly, real estate investors are relying on the Internet to locate, track and ultimately buy and sell real estate. But real estate investing, like sailing a ship in the open sea, is a science of proved principles and methods.
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 At least not in 2008. But since you can’t really time the bottom, now may be a good time to take the plunge and start looking for those good bargains that foreclosure properties can offer. 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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40 Is the New 30 for Lenders and Investors
Wells Fargo, for example, just announced that it is joining the growing number of lenders, like Washington Mutual and Bank of America, that are offering 40-year fixed-rate loans. Tauting the lower monthly payments the new product offers will appeal to first-time buyers, consumers in high-cost markets, real estate investors and buyers on a fixed income, the companys press release also warns that equity will build up more slowly as a result of the lower payments and a lot more total interest will be paid over the extra 10 years. Well, as Fed Chairman Ben Bernanke decides on his next move -- will he or wont he ratchet up interest rates another 25 basis points next month as most economists are predicting -- mortgage lenders are also pondering their next moves.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Solving the MERS Mystery
That’s because when they see MERS — or its expanded manifestation, Mortgage Electronic Registration System — listed as the lender for a property, it often means extra work finding contact information for the actual lender who is foreclosing. Foreclosure documents often list MERS as the lender even though it is not able to answer any questions about the property, let alone entertain offers from interested buyers or investors. Many foreclosure investors consider MERS a four-letter word. MERS is a system used by many in the finance industry to track loans and the lenders in
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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