19 Articles match "America","Foreclosures"

• The Best from RealtyTrac

  MORE

• America Needs a Single Bank Regulator
  
  America Needs a Single Bank Regulator Financial Times In recent weeks our financial markets have shown signs of recovery thanks to unprecedented action to stabilize markets and stimulate the economy. Tags: Foreclosure Trends foreclosures mortgage meltdow Yet this crisis has many distressing qualities. Perhaps...(
  Foreclosure Pulse - Thursday, August 6, 2009
  READ MORE
• America's Most Expensive Foreclosure?
  
  Mention the word “foreclosure” and most homebuyers and investors conjure up images of run-down and dilapidated properties located in undesirable neighborhoods. The widow of one of America’s richest publishing dynasties, Randolph Hearst , lost her battle to maintain the mansion under the crushing weight of an astounding $40 million in defaulting loans, according to the Palm Beach Post . Who said the foreclosures But now some of the most opulent estates are increasingly becoming available for savvy investors and homebuyers as a growing number of well-healed homeowners are defaulting on their mortgage payments and property taxes.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Foreclosure Spat Brews in Chicago
  
  Foreclosure Spat Brews in Chicago The Wall Street Journal While many banks are taking pains to work out troubled commercial-property loans rather than foreclosing, Bank of America Corp. has lost its patience with a developer who took on a notoriously...( read more
  Foreclosure Pulse - Wednesday, November 18, 2009
  READ MORE
• Foreclosures in Money's 'Best Places to Live'
  
  Money magazine came out last week with another of its Top 10 lists; this one called "America’s Best Places to Live 2006 ." They could have added a healthy foreclosure market as well. According to the latest data on the RealtyTrac website, Fort Collins has only 20 properties in the pre-foreclosure stage, but 226 properties are ready to go to auction and another 156 are bank owned (REO). And the winner is . . . Fort Collins, Colorado.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Lenders help their customers curb foreclosures
  
  headquartered in Cleveland, Ohio — is working with churches, social workers and the United Way to help troubled borrowers avoid foreclosure. Bank of America Corp. The $3 million investment has prevented $15 million in likely foreclosure losses. Each foreclosure costs about a As borrowers falling behind on their mortgage payments increase in number, they are getting help form an unlikely source — the mortgage industry. Banks are increasingly testing new strategies to help curb mortgage delinquencies .
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• March Mania and RealtyTrac's Sweet 16 Foreclosure List
  
  This weekend, as the best college basketball players square off, RealtyTrac will tip off its Sweet 16 foreclosure list. SW, Albuquerque, NM — Opening Bid: $83,892 SOUTH REGION SEMIFINAL With many homeowners singing the post-Katrina blues in Louisiana and Mississippi, buying a foreclosure property is a slam dunk for seasoned real estate investors. Charlotte, NC — Opening Bid: $10,700 Scoring points in the foreclosure market is easier than reaching Each spring brings the beginning of the real estate sales season and the end of college basketball, culminating with March Mania and the much awaited NCAA Sweet 16 playoff.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Big Ben Is Finally Talking Foreclosures
  
  Big Ben Bernanke, that guy at the top of the nation’s financial food chain, finally admitted Tuesday in an address to a group of the nation’s community bankers that foreclosures are not going to go away anytime soon. The Fed Chief gave two reasons for the bleak forecast (both of which have been espoused in previous posts in this blog): 1) further declines in housing prices are expected; and 2) significant resets of adjustable interest rates to unaffordable levels for many borrowers who were convinced to take out the more risky loan products of the past few years. Speaking at the
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• High-End Foreclosures Rising Among Top Tier Homes
  
  High-End Foreclosures Rising Among Top Tier Homes By Octavio Nuiry, RealtyTrac Staff Writer    Until now, the foreclosure crisis was confined to a narrow niche of middle-class urban communities and outer-rim new housing developments where first-time homeowners and real estate speculators benefited briefly from favorable financing. But increasingly there are signs that the foreclosure problem is spilling over into wealthier areas, where prime borrowers — and even high-end real estate developers — are rapidly falling behind on their
  www.realtytrac.com - Tuesday, February 3, 2009
  READ MORE
• From $2B Bailout to $4B Buyout at Countrywide
  
  Just late last year Bank of America infused $2 billion into the coffers of Countrywide Financial to support the floundering lender’s attempt to survive the subprime mortgage mess — which reportedly almost forced the firm into filing for bankruptcy protection earlier this week. Now with Countrywide’s stock weak and its value depressed, it is being widely reported that Bank of America is paying $4 billion in stock to buy out the company — in which it already had a 16 percent stake in convertible preferred stock after the bailout. It didn’t take long from a historical perspective.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Will Main Street Sink Wall Street?
  
  The near-collapse of the two Bear Stearns hedge funds proves that the depth of America’s foreclosure fiasco is far from over. Fear and anxiety could trigger a massive sell-off, exposing other Wall Street financial institutions to the same excesses of America’s housing bubble on Main Street. According to RealtyTrac , subprime loans made a major contribution to the more than 430,000 foreclosure filings reported during the first quarter Mounting mortgage defaults by American homeowners with shaky credit have claimed their first Wall Street casualty, as investment banking giant Bear Stearns shuffled the leadership of its asset-management division and lost billions in the risky hedge fund market last month.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE