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8 Articles match "2009","Houses","Residential"
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The Latest from RealtyTrac
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How One City May Punish Banks for Foreclosures
How One City May Punish Banks for Foreclosures August 24, 2009, TIME Magazine It's hard to drive down a residential street in Miami Gardens, Fla., and not see two, three, four houses in foreclosure. Some have been on the auction block since last year...( read more )
...Tags: Tags: Foreclosure
Foreclosure Pulse
- Tuesday, August 25, 2009
Option ARM Borrowers Running Out Of Time
Among these loans, Fitch expects roughly $29 billion to recast by the end of 2009 and an additional $67 billion to recast in 2010 -- thats almost half of all the option loans now held by lenders. (See: 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
www.realtytrac.com
- Tuesday, February 3, 2009
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The Best from RealtyTrac
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How One City May Punish Banks for Foreclosures
How One City May Punish Banks for Foreclosures August 24, 2009, TIME Magazine It's hard to drive down a residential street in Miami Gardens, Fla., and not see two, three, four houses in foreclosure. Some have been on the auction block since last year...( read more )
...Tags: Tags: Foreclosure
Foreclosure Pulse
- Tuesday, August 25, 2009
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Study: Brokers, Minority Borrowers to Blame for Most Mortgage Delinquencies
Study: Brokers, Minority Borrowers to Blame for Most Mortgage Delinquencies DSNews Residential mortgages originated by brokers at the height of the housing boom, as well as loans given to minority borrowers, are to blame for the lion’s share of...( read more
Foreclosure Pulse
- Wednesday, September 2, 2009
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Buying Bank-Owned REOs at the Auction - RealtyTrac
billion auction industry is residential real estate auctions, which jumped 12.5 When banks take back foreclosed-upon homes, they sometimes hire auction houses to unload properties. Moreover, an owner or tenant living in the house may or may not be cooperative about moving out. Buying Bank-Owned REOs at the Auction Search Properties | Free 7-Day Trial Thanks to a sharp rise in foreclosure filings nationwide, homebuyers and real estate investors are increasingly likely to encounter bank-owned properties that are for sale at real estate auctions. The increased
www.realtytrac.com
- Tuesday, February 3, 2009
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Glossary of Foreclosure and Real Estate Terminology - Realtytrac
Appointed by lender to hold property in trust to secure performance of an obligation. TS #/Trustee/Reference Number Trustees file number on the property - very important when inquiring on the status of a property with the trustee. Type RealtyTrac’s code for recognizing the type of property (For example: Residential, Commercial, land). Zone Code Zoning code for the property. back to top ^ Visit Foreclosure Center Visit our Foreclosure Center to read more detailed information about foreclosures.
www.realtytrac.com
- Tuesday, February 3, 2009
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Option ARM Borrowers Running Out Of Time
Among these loans, Fitch expects roughly $29 billion to recast by the end of 2009 and an additional $67 billion to recast in 2010 -- thats almost half of all the option loans now held by lenders. (See: 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
www.realtytrac.com
- Tuesday, February 3, 2009
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Secrets of Pre-Foreclosure Investing
McManus said the borrower got out of a painful situation, the bank got rid of a non-performing asset, and McManus bought a discounted house for pennies on the dollar. “Sometimes, Other times, we do lease-option deals, where the seller sells the house to you (the investor) and you lease it back to the seller.” Most residential properties in pre-foreclosure – especially in bubble states like California, Secrets of Pre-Foreclosure Investing By Octavio Nuiry, RealtyTrac Staff Writer One pre-foreclosure expert says a new federal law will change everything, and short sales and short payoff sales will become the new trend in the marketplace.
www.realtytrac.com
- Tuesday, February 3, 2009
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Fannie: Q1 a Swift Kick in the Rear
Fannie’s outlook for 2008 anticipates further weakness in the housing market that will lead to more delinquencies, defaults and foreclosures on mortgage loans and slower growth in U.S. residential mortgage debt for the year. In the end this translates into continued opportunity for patient home buyers and real estate investors to pick up some good deals on real property for at least 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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As Home Prices Plummet, When Will You Buy?
quot;I think this time residential housing is in the 100-year flood, and I think it's going to take a long time to recover," said David Shulman, senior economist at the UCLA Anderson Forecast , at the Zelman & Associates Housing Summit in Dallas on Sept. quot; And while modest appreciation could resume in late 2009, prices won't be back to their 2006 peak until at least 2016, possibly as late as 2020 in some markets, according to Shulman. (More Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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