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13 Articles match "Auctions","California","Sales"
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The Latest from RealtyTrac
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Secrets of Pre-Foreclosure Investing
Secrets of Pre-Foreclosure Investing By Octavio Nuiry, RealtyTrac Staff Writer One pre-foreclosure expert says a new federal law will change everything, and short sales and short payoff sales will become the new trend in the marketplace. It’s going to make short sales more appealing to investors.” Another claims that developing a series of “systems” in your business is the key to success. A third warns that accurate data and timely information is essential to survive.
www.realtytrac.com
- Tuesday, February 3, 2009
High-End Foreclosures Rising Among Top Tier Homes
In a lot of the bubble markets — like Miami, Palm Beach, San Diego, Las Vegas, Orange County and the Inland Empire in California — we are going to see an increase in the number of high-end foreclosures in relatively wealthy communities. In January, properties entering some stage of foreclosure in Las Vegas outnumbered the sales of new and existing homes for the first time, according to a comparison of RealtyTrac foreclosure data and sales data. 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.
www.realtytrac.com
- Tuesday, February 3, 2009
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Buying Foreclosures at the Auction: Make a Killing or Get Killed
“Buying foreclosed real estate at an auction is like having a license to steal,” says Larry Blachman , a Realtor who specializes in foreclosures and author of Buying Foreclosures at a Trustee’s Sale. But buying foreclosed homes at an auction is also probably the most dangerous way to purchase real estate — unless you know how the process works. “If But successfully If you know the game, you can make a killing; if don’t, you can get killed,” added Blachman. RealtyTrac expects foreclosure activity to rise in the next couple of years, meaning more foreclosed properties will be available for home buyers, investors and real estate agents.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Activity Up 7 Percent in March
The March total — which includes default notices, auction sale notices and bank repossessions — was the highest monthly total since RealtyTrac began issuing its report in January 2005 and resulted in a foreclosure rate of one foreclosure filing for every 775 U.S. Colorados foreclosure rate ranked second highest, followed by Californias foreclosure rate, which leapfrogged into third place thanks to a 36 percent jump in foreclosure activity. With 149,150 foreclosure filings reported nationwide in March, U.S. foreclosure activity was up 7 percent from the previous month and
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Thriller — Pay Up or Beat It
Following closely on the heels of another trophy property recently sold on the auction block, Michael Jacksons Neverland Ranch is set to possibly suffer a similar fate. is scheduled for a public auction at the Santa Barbara County Courthouse at 1100 Anacapa Street. The sprawling Jackson estate — located at 5225 Figueroa Mountain Road — sits on 2,800 acres of rolling hills in California’s wine county north For the second time in less than a month, the real estate bubble has burst on a rich and famous homeowner’s palatial estate. On March 19, at 1:00 p.m.,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures Take a Spring Break
total of 147,708 foreclosure filings, which include default notices, auction sale notices and bank repossessions, were reported during the month, a foreclosure rate of one foreclosure filing for every 783 U.S. California reported 30,505 foreclosure filings during the month, the most of any state and up more than 200 percent from April 2006. Californias Foreclosure activity dipped 1 percent in April after hitting a two-year high in March, but foreclosure filings were still up 62 percent from April 2006, according to the RealtyTrac U.S. Foreclosure Market Report released today.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Exclusive Interview with Dave Webb of Hudson & Marshall
As foreclosures continue to mushroom, lenders are increasingly turning to the auction block to sell foreclosure properties. In April, Foreclosure News Report will spotlight the fast-growing foreclosure auction market and cover other hot foreclosure issues. One of the experts interviewed for the Foreclosure News Report story was Dave Webb, principal of Hudson & Marshall, a major auction firm in Dallas, Texas. Webb believes now is a good time to buy foreclosure properties. Read Webb’s exclusive interview below: Is now a good time for investors to buy bank-owned
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Secrets of Pre-Foreclosure Investing
Secrets of Pre-Foreclosure Investing By Octavio Nuiry, RealtyTrac Staff Writer One pre-foreclosure expert says a new federal law will change everything, and short sales and short payoff sales will become the new trend in the marketplace. It’s going to make short sales more appealing to investors.” Another claims that developing a series of “systems” in your business is the key to success. A third warns that accurate data and timely information is essential to survive.
www.realtytrac.com
- Tuesday, February 3, 2009
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A (Relatively) Few Bad Apples Spoil the Barrel
Still, nearly a quarter million properties in one month can have a significant impact on a housing market that is registering about 5 million existing home sales for the entire year . "Although quot;Although only about 2 percent of households nationwide will be in some stage of foreclosure this year, these properties contribute to already bloated inventories of homes for sale, and put downward pressure on home values," said James J. According to the RealtyTrac U.S. Foreclosure Market Report issued today, the total number of properties with foreclosure activity in April
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Where to find the best deals on foreclosures
Our analysis of nationwide foreclosure property sales in the last seven months shows that while some areas of the country documented a plethora of properties in foreclosure and big savings on foreclosure purchases, other areas reported relatively low foreclosure inventories and smaller average savings on foreclosure purchases. In addition, the low average sales price of foreclosures in these states makes it easier to purchase a foreclosure property — especially at foreclosure auctions, where the full amount in cash is sometimes required. It’s important for buyers and investors who are interested in the foreclosures market to carefully evaluate local market conditions before diving into foreclosures in any given area.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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FBI: Mortgage Fraud Begets Foreclosure
The correlation is apparent in the report’s list of the top states for mortgage fraud: California, Florida, Georgia, Illinois, Indiana, Michigan, New York, Ohio, Texas, and Utah. If not caught, the flipper pockets the profit produced by the artificially inflated sales price (see diagram below from FBI report). The report goes on to pinpoint “foreclosure-rescue” scams as an emerging form of fraud that takes advantage of the growing number of homeowners in default. “The perpetrators convince homeowners that they can save their homes from foreclosure through deed transfers and the
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure "Megatrends"
Sales are down. Lawyers in California — for a fee, of course — will show you how to damage your credit history for a decade or more and “walk away” from your debt. And in Santa Barbara, Michael Jackson’s Neverland Ranch is slated to be auctioned on March 19, with an opening bid of about $20 million. Foreclosures are rising. Home prices are falling.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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