4 Articles match "Balance","Bank Owned","Sales"

The Latest from RealtyTrac MORE
As Home Prices Plummet, When Will You Buy?
If renters see little incentive to rent rather than owning a house, they will start buying. For example you see Bank of America adopting a massive, systematic loan modification program. The estimates ranged from 25 to 40 percent from peak to trough, but all the economists thought prices could overshoot going down (as they did going up) and could be down as much as 55 percent in parts of Southern California. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent
www.foreclosurepulse.com - Tuesday, December 16, 2008
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July Foreclosure Report
Bank Repossessions (REOs) accounted for 28 percent of all activity during the month, while defaults accounted for 41 percent and auction notices accounted for 31 percent. This shift in percentages shows that a higher proportion of properties that enter the forecosure process are ending up repossessed by lenders. Posted 08-14-2008 2:00 AM by darenb Filed under: Pre-Foreclosures , Foreclosure Auctions , Bank-Owned/REOs , Foreclosure Trends
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Short sales rising
Scanning the Southern California Multiple Listing Service (MLS) last week, the one thing that stands out is the growing number of short sales. Last year, you rarely saw the phrase “short sale” in the MLS property description. Today, approximately 10 percent of the listed properties are short sales. That indicates lenders are getting more eager to unload properties in foreclosure, even if it means selling them for less than is owed on the mortgage. Short sales occur when home prices fall and mortgage debt exceeds the value of the property.
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
  • The Best from RealtyTrac MORE
  • Short sales rising
    Scanning the Southern California Multiple Listing Service (MLS) last week, the one thing that stands out is the growing number of short sales. Last year, you rarely saw the phrase “short sale” in the MLS property description. Today, approximately 10 percent of the listed properties are short sales. That indicates lenders are getting more eager to unload properties in foreclosure, even if it means selling them for less than is owed on the mortgage. Short sales occur when home prices fall and mortgage debt exceeds the value of the property.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • 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. They can easily access foreclosure properties , for sale by owner (FSBO) properties and other homes from the comfort of their homes. 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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  • As Home Prices Plummet, When Will You Buy?
    If renters see little incentive to rent rather than owning a house, they will start buying. For example you see Bank of America adopting a massive, systematic loan modification program. The estimates ranged from 25 to 40 percent from peak to trough, but all the economists thought prices could overshoot going down (as they did going up) and could be down as much as 55 percent in parts of Southern California. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • July Foreclosure Report
    Bank Repossessions (REOs) accounted for 28 percent of all activity during the month, while defaults accounted for 41 percent and auction notices accounted for 31 percent. This shift in percentages shows that a higher proportion of properties that enter the forecosure process are ending up repossessed by lenders. Posted 08-14-2008 2:00 AM by darenb Filed under: Pre-Foreclosures , Foreclosure Auctions , Bank-Owned/REOs , Foreclosure Trends
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE