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16 Articles match "Accounting","Homes","Sales"
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The Latest from RealtyTrac
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The Government Goes After Loan Officers
Most investors who bought these securities,” says the SEC, “lacked the cash or income to do so, but were urged by their brokers to raise the money to pay for the purchases and the monthly payments required for these products by refinancing their fixed-rate mortgages into subprime adjustable-rate negative amortization mortgages.” According to the SECs complaint “each defendant was a mortgage broker as well as a registered representative and collected compensation from the mortgage refinancings as well as the sales of securities. In making the sales, the brokers allegedly misrepresented
www.realtytrac.com
- Tuesday, February 3, 2009
How Much for Those Lender Assets in the Window?
You could look at the Merrill sale and say, Aha! billion in home equity loans and lines of credit. One can see investors looking at delinquency and foreclosure rates, loan age and also geographic concentrations, down payment data, equity, income, credit ratings, sale terms and other factors. lot of loan servicers, accountants and attorneys are going to be working nights and weekends to get the work done.” How Much for Those Lender Assets in the Window? By Peter G. Miller Long ago there was a song which asked the
www.realtytrac.com
- Tuesday, February 3, 2009
Long-Term Solution for Fannie and Freddie Dilemma
home mortgages. If Fannie Mae and Freddie Mac collapse the result would be the wholesale destruction of the national mortgage system; a virtual halt to home sales because few local mortgages would be available; soaring interest rates because few loans would be available and a level of losses throughout the economy unseen since the Great Depression. Under enormous political pressure, both Fannie Mae and Freddie Mac allowed that they would agree on a "voluntary" basis to abide by SEC accounting standards. 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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Tips for Buying Short Sales from the Lender
With more and more sellers unloading their homes for less than what they owe on their mortgages, now is a good time for investors to start negotiating “short sales” with lenders . Next, when you talk with the lender's loss mitigator, you'll want to find out three things: • Will the lender agree to a short sale; • What additional information they'll need to complete the process; • Request the “payoff quote schedule,” which is what the lender thinks they are owed. Real estate investors can find good deals as long as you are aware of the extra time and work required to make it happen.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Stop Home Foreclosure
Your lender may agree to accept the sale as total satisfaction of your mortgage obligation even if the proceeds of the sale are less than the amount that you actually owe. This is called a short sale. The "as is” appraised value and the sale price should be least 70 percent to 80 percent of the unpaid principal balance of the home. How to Sell Your House Quickly When Facing Foreclosure By LaTonya S. Johnson If you are currently in foreclosure, strongly consider selling your property as a backup plan.
www.realtytrac.com
- Tuesday, February 3, 2009
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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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Local Market Perspective: Las Vegas
Shari Springer Springer Realty The Greater Las Vegas Association of Realtors reported May 6 that 1,794 single-family homes were sold in April, a 21.4 percent jump over the 1,478 homes sold in March. The sales are 29.9 percent higher than April 2007. Properties owned by banks and other lenders are accounting for more than half of all the homes sold each month.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Financing and Foreclosure Refinancing - RealtyTrac
More than 1 million total properties including REO, For Sale by Owner, and Home Auctions! Finding financing for the foreclosure deal... While homebuyers are very happy to see home prices dropping, the credit crunch has put a clamp on foreclosure financing and many foreclosure lenders are scrutinizing each deal. Foreclosure Financing: How to Buy Foreclosure Real Estate Search Properties | Free 7-Day Trial Search nearly 650,000 Foreclosure and Bank-Owned properties.
www.realtytrac.com
- Tuesday, February 3, 2009
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California Foreclosures 2007: Steady As She Goes
Through November, RealtyTrac tallied nearly 130,000 properties that entered some stage of foreclosure in California alone during 2006; accounting for roughly 11 percent of the nation’s foreclosures for the same period. Only a slight uptick in job creation throughout California is expected, along with low housing affordability, a larger inventory of unsold houses, declining home prices, lower sales volume and less residential construction. A dubious honor at best, the Golden State maintained a level of foreclosure activity during the past year that kept it in the nation’s upper echelon in terms of state foreclosure totals.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Long-Term Solution for Fannie and Freddie Dilemma
home mortgages. If Fannie Mae and Freddie Mac collapse the result would be the wholesale destruction of the national mortgage system; a virtual halt to home sales because few local mortgages would be available; soaring interest rates because few loans would be available and a level of losses throughout the economy unseen since the Great Depression. Under enormous political pressure, both Fannie Mae and Freddie Mac allowed that they would agree on a "voluntary" basis to abide by SEC accounting standards. Long-Term Solution for Fannie and Freddie Dilemma By Peter G.
www.realtytrac.com
- Tuesday, February 3, 2009
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Foreclosure "Megatrends"
Home prices are falling. Sales are down. Increasingly, homeowners who put little or no money down are walking away from their homes, mailing their keys — jingle mail — to lenders who gave them toxic loans, according to the New York Times . What ever happened to the savings account? Foreclosures are rising. What does all this mean?
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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OTS Director Offers Alternative Plan to Congress
By contrast, the OTS Foreclosure Prevention Proposal does ask for FHA guaranteed loans for distressed borrowers in owner-occupied homes. Using the proceeds of the new FHA loan for existing loan holders via a short sale or a partial payment to pay off the existing mortgage is likewise similar. The intent of their plan, the OTS says, is to “provide a negative equity position to the original loan holders in an amount equal to what they are giving up by taking In a statement delivered before the Committee on Financial Services of the U.S. House of Representatives earlier this week, John M.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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July Foreclosure Report
Bank Repossessions (REOs) accounted for 28 percent of all activity during the month, while defaults accounted for 41 percent and auction notices accounted for 31 percent. That is in contrast to REOs accounting for just 16 percent of all activity in July 2007, while defaults in July 2007 were still at 41 percent and auction notices were at 43 percent. This shift in percentages shows U.S. foreclosure activity in July increased 8 percent from the previous month and 55 percent from July 2007, according to the RealtyTrac Foreclosure Market Report released today. View
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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