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16 Articles match "Associated","Homes","Press"
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The Latest from RealtyTrac
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New Home Sales Fall 3.6 Percent
New Home Sales Fall 3.6 Percent October 28, 2009, Associated Press Sales of new homes dropped unexpectedly last month as the effects of a soon-to-expire tax credit for first-time owners started to wane. The Commerce Department says sales fell 3.6 percent...( read more )
Foreclosure Pulse
- Wednesday, October 28, 2009
How Much for Those Lender Assets in the Window?
billion in home equity loans and lines of credit. lot of loan servicers, accountants and attorneys are going to be working nights and weekends to get the work done.” As an example, the surprise in the WAMU deal was not the high default rates for subprime or option ARMs, rather it was the huge losses associated with home equity lending. For months lenders have been cutting off access to home equity lines of credit (HELOCs) and reducing available credit levels. How Much for Those Lender Assets in the Window? By Peter G. Miller
www.realtytrac.com
- Tuesday, February 3, 2009
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The Best from RealtyTrac
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New Home Sales Fall 3.6 Percent
New Home Sales Fall 3.6 Percent October 28, 2009, Associated Press Sales of new homes dropped unexpectedly last month as the effects of a soon-to-expire tax credit for first-time owners started to wane. The Commerce Department says sales fell 3.6 percent...( read more )
Foreclosure Pulse
- Wednesday, October 28, 2009
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As Home Prices Plummet, When Will You Buy?
Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today. Blitzer, Chairman of the Index Committee at Standard & Poor's, in a press release issued to announce the numbers. "Little Prices in those metro areas were down 19.5 percent from their peak in July 2006. "There
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Screech from "Saved by the Bell" in Foreclosure
The Associated Press is reporting that actor Dustin Diamond from televisions "Saved by the Bell" is selling T-shirts to help bail his home out of foreclosure. "Diamond, 29, is trying to sell nearly 30,000 shirts – at $15 or $20 (autographed) each – to supplement the income he makes as a standup comic so he doesn’t have to move from his Port Washington home, about 25 miles north of Milwaukee." This is different from your typical foreclosur e because it doesnt involve a lender foreclosing on a defaulted loan; it involves a landowner foreclosing on a land contract, according to the Milwaukee Journal-Sentinel .
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Whitney Houston: Diva in Default
Thanks to delinquent mortgage payments totaling more than $1million, singer Whitney Houston faces the possibility of foreclosure on a home in New Jersey, according to the AssociatedPress . Houston’spublicist told a local newspaper that the property is not in foreclosure andlater was not available for comment to the Associated Press. home where his parents reside. The news service reports that one of two lots owned by Houston was scheduled for public auction on January 4 by the Morris County’sSheriff’s office. A
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Ed McMahon Fighting Foreclosure
million loan for a home in Beverly Hills, California. McMahon’s home has been on the market for about two years and is listed for $6.25 The Hollywood dream home has six bedrooms, five bathrooms and is located on a hilltop and is part of a gated community called “ The Summit ,” according to the Associated Press . Ed McMahon, who for decades appeared as Johnny Carson’s sidekick on “The Tonight Show,” is the latest casualty of an ever-growing foreclosure crisis that is gripping the nation. Yesterday, the Wall Street Journal reported that McMahon was $644,000 in arrears on a $4.8
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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More Trouble for Ed McMahon
The loan is secured by the star’s Beverly Hills home, which went into foreclosure back in June for $644,000 owed on a $4.8 Carrying a 15 percent interest rate, the balance due grew to $275,000, according to the Associated Press . McMahon’s Beverly Hills home remains on the market at $4.6 Things seem to be going from bad to worse for Ed McMahon, former sidekick to Johnny Carson on “The Tonight Show” and corporate spokesman for the American Family Publisher’s sweepstakes. The Los Angeles Times reported today that McMahon is being sued
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Florida Homeowners Overconfident Despite Foreclosures?
Results of a new study released last week by Attorneys Title Insurance Fund (The Fund) suggests that Florida homeowners are feeling pretty good nowadays about the value of their homes and the potential for those values to rise further in the future. Their least concern: falling victim to mortgage fraud -- even though the survey says that Florida is the top state in the nation for such fraud (something that is, unfortunately, always associated with real estate investors working in the foreclosure arena). Their biggest concern: being hit by a hurricane. Between those two extremes,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Extreme' Dream Gone Bust
ABC’s Extreme Makeover Home Edition came to the rescue, demolishing the Harper’s old run down home with a faulty septic tank and replacing it with a 5,300 square-foot, two-story dream home in Lake City, Georgia. When the show first aired back on February 20, 2005, the home was the largest ever built in a week by the show. The home, built with the help of 1,800 volunteers and Atlanta-based Beazer Homes, is now scheduled for public foreclosure auction on August 5. Three years ago Patricia and Milton Harper received a gift courtesy of reality television.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Fed's Cautionary Stance Predictable
just released its weekly report on jobless claims, noting that new claims for jobless benefits rose last week to the highest level seen in more than six years, according to the Associated Press . What does all this mean for prospective home buyers and real estate investors looking to take advantage of present market conditions? Did anyone really expect anything else out of Ben Bernanke and the other 10 members of the Federal Open Market Committee this time around? No, they didn’t.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Economic Indicators: Image Is Everything
1) The National Association of Realtors announced Monday that existing home sales nationwide were up for the month of February compared to January. 2) On Tuesday, the Standard & Poor’s/Case-Shiller home price index reported the worst decline in home prices since the company started tracking data back in 1987. Commerce Department reported that new home sales in February were down 1.8 When it comes to purchasing real estate — either as a primary residence or as an investment — perception is everything. When reports of telltale economic indicators are released,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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