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23 Articles match "2008","Ohio","State"
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The Latest from RealtyTrac
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Where to find the best deals on foreclosures
Foreclosure markets most favorable to buyers and investors According to data from the RealtyTrac database, homebuyers and investors realized average savings over the past seven months of more than 40 percent on foreclosure purchases in Ohio and average savings of more than 30 percent on foreclosure purchases in Indiana , Tennessee , Georgia and Texas . All five of the states with foreclosure markets most favorable to buyers and investors reported annual foreclosure rates of more than 1 percent of total households along with increasing foreclosures in 2005. It’s important for buyers and investors who are interested in the foreclosures market to carefully evaluate local market conditions before diving into foreclosures in any given area.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
ARM'd and Dangerous?
And it probably accounts in large part for whats happeningin states like Ohio, Michigan and Indiana. Often a bellweather of the real estate market, California willprobably be the state to watch as all of this unfolds, given the sheervolume of the market, the sky-high housing prices and the number ofnon-traditional loans. As a homeowner in the state, I know Ill bewatching with more than passing interest. Another nice post from Jonathan Miller on his Matrix blog, "Foreclose Already So We Can Get Back To Normal" ( http://matrix.millersamuel.com/?p=568 p=568
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Ohio Lawmaker Seeks Solution to Foreclosure Level
LaTourette (R-Ohio) — who chaired a meeting of the U.S. The key focus of the discussion: creating partnerships between community organizations and local and state governments as a viable solution to the problem. For homeowners in Cuyahoga County, or Ohio for that matter, there is cause for concern. It looks like foreclosures are starting to become a national call to action for some Washington bureaucrats. One example — Rep.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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5 States = 55% of July Foreclosure Pie
California, Florida, Michigan, Ohio and Georgia together accounted for 55 percent of all U.S. California reported the most foreclosure filings of any state, with 39,013. The states foreclosure activity was actually down a half a percent from the previous month but still up 289 percent from July 2006. foreclosure filings in July, according to the RealtyTrac U.S. Foreclosure Market Report released today.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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MBA Survey Confirms Q1 Foreclosure Surge
The first quarter MBA National Delinquency Survey released today largely supports the findings of the RealtyTrac Q1 2008 U.S. State trends The four states with the highest foreclosure rates in the RealtyTrac first quarter report — Nevada, California, Arizona and Florida — were also the four states identified in the MBA report as having the most severe foreclosure problems. Those four states accounted for 47 percent of Foreclosure Market Report released at the end of April, which found overall foreclosure activity increased 23 percent from the fourth quarter of 2007 and 112 percent from the first quarter of 2007.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Trimming the Fat From Foreclosure Overload
Probably the biggest downside to dealing with a property sited in a judicial foreclosure state is the tedious length of the process involved. Well, the judiciary in Cuyahoga County — Ohio’s most populated county — has taken the disturbing backlog of foreclosure cases in their courts as a call to action and took it upon themselves to actually do something about it. Reporting 2,294 properties entering some stage of foreclosure, Cuyahoga Just ask any homeowner, investor, lender OR JUDGE for that matter. Foreclosure Market Report .
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 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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Priced to Foreclose
The OFHEO report ranks the 50 states and the District of Columbia basedon year-over-year home price appreciation. Many of the states near thebottom of that list -- namely Michigan, Ohio, Indiana, Colorado, Texas and Georgia -- also appeared among the top 10 on RealtyTracs list of state foreclosure rates in the first quarter. While these states show that sluggish home price appreciation andabove-average foreclosure rates are certainly linked A new report shows a strong correlation between slow home priceappreciation and high foreclosure rates, although its clear thecorrelation does not involve a direct cause-and-effect relationship.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Two Counts Show Foreclosure Activity Rising
The similarity between the trends revealed by the two different counts did not end at the state level. Both counts showed the same six states — Nevada, Colorado, California, Michigan, Florida and Ohio — with the highest per household foreclosure activity. And the same five states — California, Florida, Texas, Ohio and Michigan — documented both the highest number of foreclosure filings and the highest number of unique properties in some stage of foreclosure. More than 925,000 foreclosure filings were reported on more than 573,000 properties in the first half of 2007, according to the RealtyTrac Midyear 2007 U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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I'll Take Sour Cream and Chives
RealtyTrac’s latest numbers released this morning show that the top five states with the highest number of foreclosure filings in July accounted for 55 percent of all foreclosure filings in the country. (see As Pisani was quick to point out, they also happen to be five of the states with the most electoral votes up for grabs. The five: California, Florida (the hanging No butter for me. Personally, I like my hot baked potato covered with sour cream and chives.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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1 Million Foreclosures and Counting
Colorado and Nevada once again posted the nation’s two highest foreclosure rates thanks to increasing foreclosures in both of those states. Georgia, Michigan, Illinois, Florida, Ohio, Tennessee, New Jersey and Utah also documented foreclosure rates among the nation’s 10 highest in October. California recorded more than 16,000 new foreclosure filings during the month, the most of any state for the second month in a row and more than three times the Foreclosures filings for the year surpassed the 1 million mark in October, when 115,568 foreclosure documents were recorded nationwide, according to the RealtyTrac U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Appreciation Rates Foreshadow Foreclosures
percent from the third quarter of 2005, making Michigan the first state to report a year-over-year decline in more than six years. Several of the states with the 10 lowest appreciation rates also posted foreclosure rates among the nation’s 10 highest in the third quarter, according to the RealtyTrac U.S. These states included Michigan, Ohio, Indiana and Colorado. Third-quarter house price appreciation figures released last week by the Office of Federal Housing Enterprise Oversight provide more evidence of a cooling real estate market and further foreshadowing of a continued rise in foreclosures — all pointing to more opportunities for real estate investors to buy low.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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