11 Articles match "America","Properties","Real Estate"

• The Best from RealtyTrac

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• 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. 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. If opulence and grandeur is Consider Veronica Hearst’s Manalapan mansion. The mansion was foreclosed on February 25th on the Palm Beach County courthouse steps.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• 40 Is the New 30 for Lenders and Investors
  
  Wells Fargo, for example, just announced that it is joining the growing number of lenders, like Washington Mutual and Bank of America, that are offering 40-year fixed-rate loans. Tauting the lower monthly payments the new product offers will appeal to first-time buyers, consumers in high-cost markets, real estate investors and buyers on a fixed income, the companys press release also warns that equity will build up more slowly as a result of the lower payments and a lot more total interest will be paid over the extra 10 years. Well, as Fed Chairman Ben Bernanke decides on his next move -- will he or wont he ratchet up interest rates another 25 basis points next month as most economists are predicting -- mortgage lenders are also pondering their next moves.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• 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 ." 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). As always, for investors interested in foreclosure property it’s a matter of doing your homework to get ideas And the winner is . . . Fort Collins, Colorado.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Customers, Employees Credited for RealtyTrac's Deloitte Fast 50 Ranking
  
  Saccacio credited the company’s continued success to a loyal customer base of real estate investors, home buyers and real estate professionals who continue to see the value of the information and research tools RealtyTrac provides to successfully take advantage of foreclosure opportunities where they present themselves. Saccacio also thanked a hard working group of employees who are dedicated to servicing the needs of those customers to assure them of the most accurate and up-to-the-minute data possible, along with the most technologically advanced tools available
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• March Mania and RealtyTrac's Sweet 16 Foreclosure List
  
  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. 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. This weekend, as the best college basketball players square off, RealtyTrac will tip off its Sweet 16 foreclosure list. EAST REGION SEMIFINAL The dollar goes
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Big Ben Is Finally Talking Foreclosures
  
  Speaking at the Independent Community Bankers of America Convention in Orlando, Bernanke noted that 1.5 Bernanke said he wants to institute measures that will reduce “preventable” foreclosures to stave off the erosion of property values and municipal tax bases in communities across the country. At the national level he believes real relief that will stabilize the nation’s housing sector and help it recover will come with the support of such programs as the FHA Secure 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.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• 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
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• It Used to Be a Day Job
  
  But at the end of the day, is it something real estate investors need to concern themselves with when it comes to dealing with homeowners who are in the midst of financial crisis or the banks when buying an REO property? Maybe, if you’re still trying to flip property and utilize day laborers to help clean up an investment property. The far-reaching implications of the nation’s foreclosure crisis continue to snowball a little more every day. In its latest evolution, what started out as the lending industry selling undesirable loans to undeserving/unqualified borrowers
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Not Enough Rope in Administration's Lifeline' Program
  
  The Administration has encouraged six of the nation’s largest lenders — Bank of America, Citigroup, Countrywide Financial Corp., Plus, the program is not available to borrowers who are within 30 days of the property’s foreclosure sale (in most states known as the Trustee’s Sale or Sheriff’s Sale and normally conducted on the local courthouse steps). Many homeowners who could not cure the default once it occurred, nor could sell their property Just a few short months ago President Bush stood in front of the press and swore that it was not the federal government’s job to bail out either lenders who made bad loans or speculative homebuyers who purchased more home than they could rightly afford utilizing the so-called “exotic” or “liar loans” popularized over the past few years.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Another Approach to $700 Billion Bailout
  
  If a property was sold and the entire amount was not repaid, the borrower would be required to pay $500 a year until the debt was fully paid off. In effect, the pay-off system would resemble the concept approved over the summer for first-time home buyers, a system which provides a $7,500 tax credit up front that must be repaid when the property is sold." What do you think? Posted 09-29-2008 Peter Miller, author of the Common-Sense Mortgage, has offered up some alternatives to the proposed $700 billion bailout plan. Below are excerpts from
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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