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11 Articles match "2008","Values","Washington"
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The Latest from RealtyTrac
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No Mortgage Meltdown For These Banks
percent loan-to-value ratio meaning that the borrower has put in cash or equity equal to 38.5 percent of the property’s value. In a remarkable advocacy ad in The Washington Post , ING said “we believe that lending institutions should share responsibility with the people to whom they lend. Volatile real estate markets such as today support such prudence.” 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
Long-Term Solution for Fannie and Freddie Dilemma
Share values have dropped more 90 percent, investors have lost more than $100 billion, and both companies were rescued by the federal government earlier this month, placed in a government conservatorship run by the newly created Federal Housing Finance Agency. Second, some people think it would be a really good idea to dismember Fannie Mae and Freddie Mac. "I say that we cant let them go fast enough," explains a commenter by the name of Wazzel who posted on the Washington Independent website. "Let Long-Term Solution for Fannie and Freddie Dilemma By Peter G.
www.realtytrac.com
- Tuesday, February 3, 2009
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The Best from RealtyTrac
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Mayors Predict Rising Foreclosures in 2008
Prepared by forecasting and consulting firm Global Insight , the report said weak residential investment, lower spending and income in the construction industry and curtailed consumer spending because of falling home values will combine to hold back the nation’s economic activity. billion in economic activity in 2008, followed by Los Angeles at $8.3 Mounting home foreclosures will lead to “profound” effects on the economy next year, bleeding billions of dollars in lost tax revenues, shrinking job growth and reducing consumer spending in the nation’s major metropolitan areas, according to a new report released this week by the U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Rate Cut, Real GDP Are Some Positive News
One day after President Bush pointed the finger at Congress and told the American public to blame lawmakers for all of their recent financial woes, an inkling of actual positive news came out of Washington Wednesday with two announcements from government agencies. percent during the first quarter of 2008, the same rate of increase as tracked for the fourth quarter 2007. In the first, and the more closely watched of the two, the Federal Reserve took a much anticipated move to lessen the pressure on the nation’s economy by lowering the federal funds rate another 25 basis points to 2 percent (that’s a long way down from the 5.25
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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When Foreclosure Is Not Politically Correct
RealtyTrac estimates the current market value of the property at $503,000. 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 . At the time of sale 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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Where to find the best deals on foreclosures
Those types of bargains are well within the parameters of what most experienced investors consider a sound investment, even in areas where home value appreciation is relatively slow. While that’s still a significant savings, the state’s booming property value appreciation rates mean a buyer still needs to invest a substantial amount of money — $412,811 was the average sales price for a foreclosure property in the state. 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
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Exclusive Interview with Dave Webb of Hudson & Marshall
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. We also have auctions scheduled in Colorado on April 19, where 150 homes are for sale; Las Vegas on April 20, where 300 foreclosures are on the block; and the Washington, D.C.-Maryland As foreclosures continue to mushroom, lenders are increasingly turning to the auction block to sell foreclosure properties. In April,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Fouls Up Sports Stars
Canseco owed Washington Mutual more than $2.5 The home was assessed at $610,000, according to RealtyTrac , and the property has an estimated fair market value of $667,980, the Journal-Sentinel reported. It’s not just average Americans who are losing their homes to foreclosure these days. Even rich and famous athletes who earned millions of dollars during their careers can be subjected to the emotional highs and lows of losing a home.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Another Approach to $700 Billion Bailout
Below are excerpts from an article he wrote about these alternatives. "One alternative is to simply offer low-interest loans to borrowers who currently have toxic mortgages. "Figures developed by Rick Sharga, senior vice president at RealtyTrac, show that the likely cost of low interest loans would be roughly $220 billion — hardly cheap, but a lot less expensive than the $700 billion plan now being discussed in Washington. "Sharga's If a typical home has an average sale price of about $220,000 (many homes now facing foreclosure were financed several years
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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As Home Prices Plummet, When Will You Buy?
dont know much about housing value in other states but am following closely the price trend in Inland Empire as well as LA county. One thing these reports do not stress is the unrealistic peak value they compare to. We sold a condo and bought a single-family home. 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
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Avoid and Stop Foreclosure - Help at RealtyTrac
Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
www.realtytrac.com
- Tuesday, February 3, 2009
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Long-Term Solution for Fannie and Freddie Dilemma
Share values have dropped more 90 percent, investors have lost more than $100 billion, and both companies were rescued by the federal government earlier this month, placed in a government conservatorship run by the newly created Federal Housing Finance Agency. Second, some people think it would be a really good idea to dismember Fannie Mae and Freddie Mac. "I say that we cant let them go fast enough," explains a commenter by the name of Wazzel who posted on the Washington Independent website. "Let Long-Term Solution for Fannie and Freddie Dilemma By Peter G.
www.realtytrac.com
- Tuesday, February 3, 2009
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