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64 Articles match "2008","Owned","Properties"
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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. Because investor properties lost to foreclosure will continue to flood the market, driving down all home values. Long-term holders of real estate have commonly benefited from 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
No Mortgage Meltdown For These Banks
not far from Manhattan, Hudson City Bancorp has a lending philosophy that dates back decades: You can get a dull, boring, mortgage from Hudson at a very low rate — but only if you put equity into the property. As one example, Hermance says that of 50,000 New Jersey mortgages his bank bought back just two properties during a recent 12-month period. percent of 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
As Home Prices Plummet, When Will You Buy?
have access to credit have fat cash reserves aren't already over-exposed in real estate have a secure job or income stream expect to hold the property for at least two years" But be forewarned, prices are expected to fall further, and will take awhile to rebound, according to many economists. "I If renters see little incentive to rent rather than owning a house, they will start buying. 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
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Going Against the Grain, Investor Finds Bountiful Bank-Owned Bargains
Despite the abundance of negative buzz surrounding the real estate market, Kirk Leipzig decided to pursue foreclosures as investment propertie
RealtyTrac Article Library
- Wednesday, April 16, 2008
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Going Against the Grain, Investor Finds Bountiful Bank-Owned Bargains
Despite the abundance of negative buzz surrounding the real estate market, Kirk Leipzig decided to pursue foreclosures as investment propertie
RealtyTrac Article Library
- Wednesday, April 16, 2008
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Michael Jackson Property in Default
Fox News is reporting that Michael Jackson has received a notice of pending foreclosure on a home he owns in Encino, Calif. — that bought Jackson’s note earlier this year, the pop star put his parents’ abode in jeopardy by not making the required monthly payments." A property owned by Michael J. This is just another example that all types of property are susceptible to foreclosure, even multimillion dollar estates. the home where his parents live. "The estate, worth about $7 million in the current real-estate market, is known as Hayvenhurst because of its address.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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A Foreclosure Bargain for Their “Forever House”
Nestled at the top of a hill with a long private driveway, the bank-owned property sitting on a huge 40,946 square foot lot was exactly what she was looking fo Karen Krynen saw an opportunity.
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A Foreclosure Bargain for Their “Forever House”
Nestled at the top of a hill with a long private driveway, the bank-owned property sitting on a huge 40,946 square foot lot was exactly what she was looking fo Karen Krynen saw an opportunity.
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Foreclosure Search: Lessons from Long Beach
A few days ago I spoke to a new RealtyTrac customer who was having trouble tracking down foreclosure property in Long Beach, Calif . havent had any success in pursuing properties." So we looked up some of the properties she was interested in, calledone of the property trustees and walked away with information that Ithink will be helpful both for her and for RealtyTrac. She said something like, "Is the information on your site accurate? I
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Activity Deflating or Just Deferred?
In fact, the RealtyTrac report has shown month-to-month decreases in previous months, even during the dramatic run-up in foreclosure activity that has occurred over the past year and a half: in February 2008, November 2007, September 2007, June 2007, April 2007, and February 2007. But the increases in those categories started to slow down in 2008. U.S. foreclosure activity in June decreased 3 percent from the previous month but was still up 53 percent from June 2007, according to the RealtyTrac U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Exclusive Interview with Dave Webb of Hudson & Marshall
As foreclosures continue to mushroom, lenders are increasingly turning to the auction block to sell foreclosure properties. Webb believes now is a good time to buy foreclosure properties. Read Webb’s exclusive interview below: Is now a good time for investors to buy bank-owned foreclosures at auction? “Bank-owned foreclosure auctions are a great way for buyers to find exceptional values on homes because lenders are anxious to unload these properties. In April, Foreclosure News Report will spotlight the fast-growing foreclosure auction market and cover other hot foreclosure issues.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Make Food, Not Foreclosures
Just like it was in 2007, Wayne County has been a hotbed of foreclosure activity in Michigan so far in 2008. Taja Seville, founder of Urban Farming, says the gardens cultivated would be left unfenced to allow people to pick their own produce. The properties where the farms are located are left available for sale, but in the meantime the properties are being productive and cared for by group volunteers. Posted 06-11-2008 4:30 PM by joelc A non-profit group has launched a program to turn former foreclosures into farmland. National
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Lessons from Long Beach: Part II
As promised, here is another lesson about successfully searching andpursuing foreclosures based on a recent conversation with a customerwho was searching for properties in Long Beach, Calif. Lesson 2: Call the trustee or lender to get most recent property status After you find a property that interests you, first call the trustee (for pre-foreclosures and auctions) or the lender (forbank-owned properties) to make sure the property is still inforeclosure before you sink any more of your valuable time into pursuingthe property. Confirming the status is necessary because although RealtyTrac checksif a property is SOLD, there may be a delay before we receive thatinformation and the owner in default could also reinstate the property,meaning it is no longer in foreclosure even though it did not sell.Also, even if RealtyTrac has an auction date listed, its not uncommonfor that auction date to be postponed, something you could only findout from the trustee.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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