3 Articles match "Arizona","First-Time","News"

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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 they prefer to lose their second home rather than their first home.” 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 construction loans, mortgage payments, property taxes, auto loans and credit cards at an alarmingly fast pace, according to industry analysts, economists and real estate brokers .
www.realtytrac.com - Tuesday, February 3, 2009
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As Foreclosures Mount, Candidates React to the Credit Crisis
Writing in the Financial Times , Obama warned that the foreclosure crisis is “more than a temporary blip in our economic progress, it is a cancer that threatens to spread with devastating impact to housing and to our economy as a whole.” Among the steps Bush announced: • Urging Congress to pass legislation that would allow more borrowers to get mortgages insured by Federal Housing Administration, either to refinance existing mortgages or for first-time homeowners. • Changing the tax code so borrowers who win partial forgiveness of their debt don’t have to pay tax on the amount forgiven.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Now Homebuilders Face Foreclosure
For millions of Americans facing foreclosure, the Federal Reserve’s interest rate cut this week was welcome news that could possibly help save thousands of homeowners from default by giving them the opportunity to refinance their adjustable-rate loan into a fixed-rate mortgage with a lower interest rate. in Arizona, Kara Homes Inc. But for many U.S. homebuilders the risk of foreclosure through bankruptcy has sharply risen under the pressure of the grim housing market.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Now Homebuilders Face Foreclosure
    For millions of Americans facing foreclosure, the Federal Reserve’s interest rate cut this week was welcome news that could possibly help save thousands of homeowners from default by giving them the opportunity to refinance their adjustable-rate loan into a fixed-rate mortgage with a lower interest rate. in Arizona, Kara Homes Inc. But for many U.S. homebuilders the risk of foreclosure through bankruptcy has sharply risen under the pressure of the grim housing market.
    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 they prefer to lose their second home rather than their first home.” 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 construction loans, mortgage payments, property taxes, auto loans and credit cards at an alarmingly fast pace, according to industry analysts, economists and real estate brokers .
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • As Foreclosures Mount, Candidates React to the Credit Crisis
    Writing in the Financial Times , Obama warned that the foreclosure crisis is “more than a temporary blip in our economic progress, it is a cancer that threatens to spread with devastating impact to housing and to our economy as a whole.” Among the steps Bush announced: • Urging Congress to pass legislation that would allow more borrowers to get mortgages insured by Federal Housing Administration, either to refinance existing mortgages or for first-time homeowners. • Changing the tax code so borrowers who win partial forgiveness of their debt don’t have to pay tax on the amount forgiven.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE