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51 Articles match "Auctions","May"
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The Latest from RealtyTrac
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How One City May Punish Banks for Foreclosures
How One City May Punish Banks for Foreclosures August 24, 2009, TIME Magazine It's hard to drive down a residential street in Miami Gardens, Fla., Some have been on the auction block since last year...( and not see two, three, four houses in foreclosure. read more )
...Tags: Tags: Foreclosure Sales
Foreclosure Pulse
- Tuesday, August 25, 2009
Secrets of Pre-Foreclosure Investing
The auction was scheduled a few weeks down the road. Buying pre-foreclosures has two main advantages over buying at the auction or purchasing bank-owned properties, according to Siems. First, a homeowner facing foreclosure may be motivated and willing to do almost anything to avoid losing property to the bank. After my 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.
www.realtytrac.com
- Tuesday, February 3, 2009
High-End Foreclosures Rising Among Top Tier Homes
Maricopa’s Millionaire Mortgage Meltdown If Beverly Hills and Santa Barbara are too pricey, deals may be had in several other playgrounds of the rich and famous. Homebuilders in Arizona, whose lavish incentives haven’t attracted buyers in the slumping market, are turning to the auction block as a last resort to sell empty houses, said R.L. just recently went up for auction and sold back to the foreclosing lender 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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The Best from RealtyTrac
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How One City May Punish Banks for Foreclosures
How One City May Punish Banks for Foreclosures August 24, 2009, TIME Magazine It's hard to drive down a residential street in Miami Gardens, Fla., Some have been on the auction block since last year...( and not see two, three, four houses in foreclosure. read more )
...Tags: Tags: Foreclosure Sales
Foreclosure Pulse
- Tuesday, August 25, 2009
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Buying Bank-Owned REOs at the Auction - RealtyTrac
Buying Bank-Owned REOs at the Auction Search Properties | Free 7-Day Trial Thanks to a sharp rise in foreclosure filings nationwide, homebuyers and real estate investors are increasingly likely to encounter bank-owned properties that are for sale at real estate auctions. The increased presence of lender-owned homes in the market — known in the banking industry as REOs, for "real estate owned" — is fallout from the recent real estate boom that marked the first half of this decade.
www.realtytrac.com
- Tuesday, February 3, 2009
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Foreclosure Downpour Continues in May
Foreclosure activity continued its upward climb in May, increasing on a year-over-year basis for the 29th consecutive month, according to the RealtyTrac U.S. REOs were up 35 percent from the previous month and 158 percent from May 2007. Default notices increased 1 percent from the previous month and were up 35 percent year over year, while auction notices decreased 3 percent from the previous month but were still up Foreclosure Market Report released today. The report showed one in every 483 U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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May Home Prices Down 4.8 Percent
Home prices were down again in May, but a few regions of the country experienced a ever-slight uptick in prices from the previous month, giving officials at the Office of Federal Housing Enterprise Oversight (OFHEO) a chance to be cautiously optimistic in the press release announcing the numbers. "It quot;It is very hard to draw conclusions from a one-month number, especially in these uncertain times; but the numbers in the Pacific, East and West North Central Divisions may be good signs," said OFHEO Director James B. Lockhart in the release. Nationwide, the OFHEO report
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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New York Foreclosure Laws
New York foreclosures can take up to 15 months, which is longer than most other states. Compare All State Foreclosure Laws New York Overview Judicial Non-Judicial Process Period Sale Publication Redemption Period Sale/NTS Yes No 445 Days NA None Court Comments: Judicial Foreclosures
www.realtytrac.com
- Tuesday, February 3, 2009
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North Carolina Foreclosure Laws
See you may be able to prevent foreclosure. Notice of Sale / Auction If the deed of trust or mortgage contains a power of sale clause and indicates the time, place, and terms of sale, then the specified procedure must be followed. Further, any party may enter an upset bid during that same period by submitting a deposit of at least 5 percent of the bid to the county cler North Carolina Foreclosure Laws Both court and out-of-court foreclosures occur in North Carolina. Compare All State Foreclosure Laws North Carolina Overview Judicial Non-Judicial Process Period Sale Publication Redemption Period Sale/NTS Yes Yes 110 Days 25 Days None Sheriff
www.realtytrac.com
- Tuesday, February 3, 2009
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Bank-Owned Properties and REO Frequently Asked Questions - RealtyTrac
If a lender or bank is the highest bidder a foreclosure auction — or if no third party bids at the auction — the property reverts back to the lender and becomes an REO. For real estate investors and homebuyers, bank-owned properties and REOs offer opportunities that are not available in the pre-foreclosure and auction phase of the foreclosure process. Buying bank-owned real estate offers the foreclosure Bank-Owned Properties and REO (FAQ) Search Properties | Free 7-Day Trial What is an REO? REO is an acronym for real estate owned and is industry jargon
www.realtytrac.com
- Tuesday, February 3, 2009
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New Mexico Foreclosure Laws
The lender is not required by the state to notify the owner before initiating the pre-foreclosure process, although the mortgage or deed of trust may sometimes require this. At any time before the foreclosure sale, the borrower may satisfy the judgment by paying all arrears, costs and attorneys’ fees incurred. Notice of Sale / Auction If the court rules against the borrower, the lender or the New Mexico Foreclosure Laws New Mexico foreclosures are handled through the court system. The typical foreclosure process lasts about six months.
www.realtytrac.com
- Tuesday, February 3, 2009
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Massachusetts Foreclosure Laws
The foreclosure process can take less than three months after the lender schedules a foreclosure sale. Compare All State Foreclosure Laws Massachusetts Overview Judicial Non-Judicial Process Period Sale Publication Redemption Period Sale/NTS Yes No 75 Days 41 Days None Court
www.realtytrac.com
- Tuesday, February 3, 2009
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Foreclosure Lessons from Long Beach: Part II
Lesson 2: Call the trustee or lender to get most recent property status After you find a property that interests you, first call the trustee (for pre-foreclosures and auctions) or the lender (forbank-owned properties) to make sure the property is still inforeclosure before you sink any more of your valuable time into pursuingthe property. Confirming the status is necessary because although RealtyTrac checksif a property is SOLD, there may be a delay before we receive thatinformation and the owner in default could also reinstate the property,meaning it is no longer in foreclosure
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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