2 Articles match "Accounting","Michigan","Negative Equity"

The Latest from RealtyTrac MORE
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. The numbers dont take into 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 state-by-state
www.foreclosurepulse.com - Tuesday, December 16, 2008
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ARM'd and Dangerous?
Jonathans question reflects a popular bias these days towardsdirectly linking the rising foreclosure rates to default rates onsome of the higher risk loans that have become increasingly popular -ARMs, interest only, negative amortization, etc. Thats a pretty reliable formula forhigh foreclosures: No job + no equity + no homebuyer = distressedhomeowner. Another nice post from Jonathan Miller on his Matrix blog, "Foreclose Already So We Can Get Back To Normal" ( http://matrix.millersamuel.com/?p=568 p=568
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • ARM'd and Dangerous?
    Jonathans question reflects a popular bias these days towardsdirectly linking the rising foreclosure rates to default rates onsome of the higher risk loans that have become increasingly popular -ARMs, interest only, negative amortization, etc. Thats a pretty reliable formula forhigh foreclosures: No job + no equity + no homebuyer = distressedhomeowner. Another nice post from Jonathan Miller on his Matrix blog, "Foreclose Already So We Can Get Back To Normal" ( http://matrix.millersamuel.com/?p=568 p=568
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • 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. The numbers dont take into 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 state-by-state
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE