9 Articles match "Associated","Balance","Properties"

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• Glossary of Foreclosure and Real Estate Terminology - Realtytrac
  
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  www.realtytrac.com - Tuesday, February 3, 2009
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• Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
  
  The homeowner said he was trickedinto signing over the title of his home by a scam artist who didnothing to stop the foreclosure and then took out another loan againstthe property with no intention of paying it off. At the same time, thesteep rise in housing prices over the last few years has created amassive amount of equity in many properties — a tempting target forswindlers. An article in the Los Angeles Times onTuesday documented the sad story of a defaulted homeowner who was thevictim of alleged foreclosure fraud. The article goes on tomake the case that foreclosure fraud
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Digital Real Estate Data Means "OPEN HOUSE" 24/7
  
  An avalanche of information now available on the World Wide Web is shifting the balance of power in the real estate industry and giving homebuyers and sellers more control over the deal than ever before — and changing the nature of real estate forever. Today, in the new digital democracy, more than 80 percent of house-hunters use the Internet to help them find a home, according to the National Association of Realtors . The Internet is rapidly and radically transforming the way people buy and sell homes. Ten years ago, only a fraction of homebuyers and sellers used the Internet.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Fannie: Q1 a Swift Kick in the Rear
  
  It may have been created and chartered by the federal government, but Fannie Mae (the Federal National Mortgage Association) is first and foremost a private company responsible to shareholders for running at a profit. However, foreclosed property expenses decreased to $170 million for the latest quarter, from $179 million in Q4 2007. In order to buffer it’s And as with many corporations in this country, the national economy is kicking Fannie around…fast and hard! One of the nation’s two Government Sponsored Enterprises (GSEs), Fannie reported a first quarter net loss of $2.2
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Wachovia Changes The Lending Game
  
  More significantly — and unlike Wachovia’s competitors — it’s making it easier for borrowers to dump option-ARMs by waiving the prepayment penalties routinely associated with such loans. “Effectively immediately,” says the company, “Wachovia is waiving all prepayment fees associated with its Pick-A-Pay mortgage to allow customers complete flexibility in their home financing decisions. The interest not paid does not disappear however, instead it’s added to the loan balance in a process called negative amortization . Wachovia Changes The Lending Game By Peter G.
  www.realtytrac.com - Tuesday, February 3, 2009
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• Option ARM Borrowers Running Out Of Time
  
  With higher home values properties could be readily sold or refinanced with little risk. The rules for option ARMs often say that when the loan balance grows to 110 percent of the original debt the loan must then be recast . Combine minimum monthly payments with negative amortization and recasting when loan balances reach 110 percent and the result is that the monthly payment is increased immediately — not after five years. Option ARM Borrowers Running Out Of Time By Peter G. Miller    Step right up folks.
  www.realtytrac.com - Tuesday, February 3, 2009
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• Stop Home Foreclosure
  
  Johnson    If you are currently in foreclosure, strongly consider selling your property as a backup plan. One of the strategies to stop foreclosure is to sell your property as quickly as possible; keeping in mind that the foreclosure process can be complete in a little over one month in certain states. The "as is” appraised value and the sale price should be least 70 percent to 80 percent of the unpaid How to Sell Your House Quickly When Facing Foreclosure By LaTonya S. The object is to pay off all debt and expenses, walk away
  www.realtytrac.com - Tuesday, February 3, 2009
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• The Government Goes After Loan Officers
  
  In August 2006, Steven Krystofiak, President of the Mortgage Brokers Association for Responsible Lending , testified before the Federal Reserve and said his group compared the income figures for 100 stated-income loans against borrower tax returns. Ninety percent of the stated-income loan applications showed earnings that were exaggerated by at least 5 percent. Sixty percent of the stated amounts were exaggerated by more than 50 percent. “Stated income loans,” Krystofiak testified , “help no one. Just ask yourself: How many borrowers really knew what “recasting” means or
  www.realtytrac.com - Tuesday, February 3, 2009
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• As Home Prices Plummet, When Will You Buy?
  
  have access to credit have fat cash reserves aren't already over-exposed in real estate have a secure job or income stream expect to hold the property for at least two years" But be forewarned, prices are expected to fall further, and will take awhile to rebound, according to many economists. "I quot;I think this time residential housing is in the 100-year flood, and I think it's going to take a long time to recover," said David Shulman, senior economist at the UCLA Anderson Forecast , at the Zelman & Associates Housing Summit in Dallas on Sept.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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