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36 Articles match "2008","Press"
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The Latest from RealtyTrac
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Forecasters Change Housing Estimates for '07/'08
million for 2008. The worst of the downward national housing price spiral is not over,” said economist and Chapman President James Doti in a press release distributed Tuesday . “Our Our forecast calls for housing prices to decline around 5 percent before relatively strong job growth helps to bring about a recovery by late 2008.” With the housing market languishing on the downslide, The nation’s housing market is not cooperating the way analysts at the A. Gary Anderson Center for Economic Research at Chapman University in Orange, Calif.,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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"Subprime" voted 2007 Word of the Year
The American Dialect Society has chosen subprime as the word of the year for 2007, reflecting a “preoccupation of the press and public for the past year with the deepening mortgage crisis.” We’re predicting that the 2008 word of the year will begin with an “r.” If the dip in foreclosure activity in November is indicative of the trend in 2008, then it could be “recovery.” The society defines subprime as “an adjective used to describe a risky or less than ideal loan, mortgage or investment.” The preoccupation with the subprime loan fallout also prompted the society
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Michigan Goes Hollywood to Help Homeowners
In June 2008 — the most recent monthly ranking available from RealtyTrac — the Great Lakes State ranked fifth nationally, reporting 12,025 properties with foreclosure filings, accounting for 5 percent of the nation’s total foreclosure filings for the month. In a press release distributed by the Michigan State Housing Development Authority , the goal of the show is to provide programming that will give “realistic advice to improve the quality of life for everyone and lead to vibrant cities and neighborhoods across the state.” Lights! Camera!
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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A Small Silver Lining in Q1 Foreclosure Storm
While foreclosure activity in the first quarter of 2008 was up on a year-over-year basis in 90 percent of the nations 100 largest metropolitan areas, according to the RealtyTrac Q1 report issued today, there were a few notable exceptions that could prove to be a harbinger of hope for the nations battered housing market. The Detroit Free Press reported that "Detroit home sales shot up 30.8% On the other hand, those exceptions could just turn out to be a source of false hope, perpetuated in part by short-term foreclosure solutions that are about as effective as a five-gallon bailing bucket on the sinking Titanic.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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When Foreclosure Is Not Politically Correct
14, 2007 for $18,356, followed by a Notice of Trustees Sale being recorded on March 19, 2008. The Trustee’s Deed transferring the property to Red Rock was recorded on May 19, 2008, according to the Long Beach Press-Telegram . Typically when you read about a politician and foreclosure, it’s in relation to some piece of legislation created to combat the recent surge in foreclosures. But the topic of foreclosure recently became much more personal for one Long Beach, Calif .,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Screech from "Saved by the Bell" in Foreclosure
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." 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 .
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures Inch Higher in May
That three-month trend indicates foreclosure activity has stabilized in most housing markets across the country after spiking sharply at the beginning of this year.” View the full report and press release. Posted 06-26-2006 9:42 AM by darenb Filed under: Foreclosure Trend RealtyTrac just released state and national foreclosure statistics for the month of May . The data show nationwide foreclosures inching up 2 percent from the previous month and 28 percent from May 2005. “Our May numbers echo the recent
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Lessons From Long Beach - Part III
The customer had previously called the trustee and hung upafter hearing the beginning of a generic message, but we listened tothe entire message and found out we needed to press "0" to reach anoperator. pressed "0" and we were put through quite quickly to aperson who was able to tell us the property had been reinstated by theowner. Heres the third and final lesson gleaned from a conversation with acustomer in Long Beach, Calif., who needed help following up onproperties she found on RealtyTrac.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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New Poll: Buyers to Remain on the Fence
If the results of the latest Associated Press-AOL Money & Finance poll are any indication, prospective home buyers will be keeping their wallets closed and remain on the fence at least until the latest economic downturn blows over. Conducted between March 24 and April 3, 2008, by Abt SRBI Inc., And that could be years down the road. A majority of those polled for the survey expressed pessimism over the nation’s housing contraction (as the Federal Reserve calls it) enough to not consider buying a home anytime soon.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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As Foreclosures Mount, Candidates React to the Credit Crisis
With mortgage foreclosures at historic highs, Democrats and Republicans are fighting over a political issue that could have major implications in the 2008 presidential campaign. Meanwhile, the rising flood of foreclosures promises to become a major presidential campaign issue in the weeks and months ahead because an alarming 2 million American homeowners could lose their homes by November 2008. Sensing an opportunity to win votes, the major presidential candidates have come out swinging; proposing a variety of prescriptions to ease the worsening housing slump.Both the White House and Democrat leaders in Congress agree that something must be done to stop the foreclosures.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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