4 Articles match "Associated","Los Angeles","Rate"

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As Home Prices Plummet, When Will You Buy?
quot;There are signs of a slow down in the rate of decline across the metro areas, but no evidence of a bottom," said David M. percent decline and Los Angeles with a 26.2 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 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
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
An article in the Los Angeles Times onTuesday documented the sad story of a defaulted homeowner who was thevictim of alleged foreclosure fraud. The scammers dontcreate the foreclosure rates, but they swoop in at the time thatsomeone is in distress," said Elizabeth Renuart, a staff attorney withthe National Consumer Law Center in Boston and the author of "DreamsForeclosed: The Rampant Theft of Americans Homes ThroughEquity-Stripping Foreclosure Rescue Scams." 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.
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. the city with the nation’s highest foreclosure rate in February, according to RealtyTrac. As the Associated Press reported Tuesday morning, this latest report by the Case-Shiller index, which tracks prices of single-family homes in 10 metropolitan areas around the country, suggests When it comes to purchasing real estate — either as a primary residence or as an investment — perception is everything. When reports of telltale economic
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
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  • More Trouble for Ed McMahon
    The Los Angeles Times reported today that McMahon is being sued by Westmoore Lending of Huntington Beach, Calif., Filed in Los Angeles Superior Court, the lawsuit alleges that loan documents show McMahon had committed to paying $3,125 a month for the first five months and then paying off the remainder of the loan in one final payment of $253,125. Carrying a 15 percent interest rate, the balance due grew to $275,000, according to the Associated 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.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
    An article in the Los Angeles Times onTuesday documented the sad story of a defaulted homeowner who was thevictim of alleged foreclosure fraud. The scammers dontcreate the foreclosure rates, but they swoop in at the time thatsomeone is in distress," said Elizabeth Renuart, a staff attorney withthe National Consumer Law Center in Boston and the author of "DreamsForeclosed: The Rampant Theft of Americans Homes ThroughEquity-Stripping Foreclosure Rescue Scams." 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.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • 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. the city with the nation’s highest foreclosure rate in February, according to RealtyTrac. As the Associated Press reported Tuesday morning, this latest report by the Case-Shiller index, which tracks prices of single-family homes in 10 metropolitan areas around the country, suggests When it comes to purchasing real estate — either as a primary residence or as an investment — perception is everything. When reports of telltale economic
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • As Home Prices Plummet, When Will You Buy?
    quot;There are signs of a slow down in the rate of decline across the metro areas, but no evidence of a bottom," said David M. percent decline and Los Angeles with a 26.2 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 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
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE