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23 Articles match "Balance","Foreclosures","Sales"
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The Latest from RealtyTrac
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The Government Goes After Loan Officers
Most investors who bought these securities,” says the SEC, “lacked the cash or income to do so, but were urged by their brokers to raise the money to pay for the purchases and the monthly payments required for these products by refinancing their fixed-rate mortgages into subprime adjustable-rate negative amortization mortgages.” According to the SECs complaint “each defendant was a mortgage broker as well as a registered representative and collected compensation from the mortgage refinancings as well as the sales of securities. In making the sales, the brokers allegedly misrepresented
www.realtytrac.com
- Tuesday, February 3, 2009
Option ARM Borrowers Running Out Of Time
For instance, to reduce down payment requirements borrowers could buy with "piggyback" financing, deals with a first loan equal to 80 percent of the purchase price and a second loan equal to 10 percent, 15 percent and even 20 percent of the sale value. The rules for option ARMs often say that when the loan balance grows to 110 percent of the original debt the loan must then be recast . Option ARM Borrowers Running Out Of Time By Peter G. Miller Step right up folks.
www.realtytrac.com
- Tuesday, February 3, 2009
New York Versus Freddie Mac: Round One
You can guess what happens next: No subprime loans, no high cost loans, no buyers, no sales. Such investors are essentially buyers of IOUs secured by real estate, IOUs which hopefully will yield a given level of interest and never require a foreclosure. What makes the New York law different is that it effectively sets aside the holder-in-due-course rule by saying that if the original lender or an assignee — someone who has gained ownership of the loan — tries to foreclose then any violation New York Versus Freddie Mac: Round One By Peter G. Miller
www.realtytrac.com
- Tuesday, February 3, 2009
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New York Foreclosure Laws
New York Foreclosure Laws New York foreclosures are handled either in court or out of court, although court foreclosures are more common. 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
www.realtytrac.com
- Tuesday, February 3, 2009
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Fed Plays a Delicate Balancing Game With Rate Cut
The move was seen as necessary to maintain a delicate balance between managing inflation and fostering economic growth. Then there’s the nation’s retail industry, advertising sales events at after-Thanksgiving sales price levels the weekend after Halloween!!! The good news for real estate investors and anyone else looking to buy real estate at below market prices anyway, is it looks like the inventory of available foreclosure properties is going to In a move aimed at quelling fears of a looming recession, the Federal Open Market Committee took the country’s teetering monetary affairs seriously two weeks ago and lowered the short term federal funds rate another quarter of a percentage point to 4.5
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
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New Tax Law Spurs More Short Sales, Expert Says
For real estate investors looking for pre-foreclosure bargains, a new federal law could unleash a torrent of short sales as struggling borrowers facing foreclosure unload their over-mortgaged homes to avoid huge tax bills on capital gains. HR 3648 , or the Mortgage Forgiveness Debt Relief Act, signed by President George W. 20, helps people whose homes are in foreclosure by canceling taxes on any mortgage debt that has been forgiven by their lender. Bush on Dec. The government previously viewed the difference between the debt and the value of the home as taxable
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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South Carolina Foreclosure Laws
South Carolina Foreclosure Laws Foreclosures in South Carolina are handled through court proceedings. The typical foreclosure timeline is approximately six months. Compare All State Foreclosure Laws South Carolina Overview Judicial Non-Judicial Process Period Sale Publication Redemption Period Sale/NTS Yes No 150 Days NA
www.realtytrac.com
- Tuesday, February 3, 2009
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New Jersey Foreclosure Laws
New Jersey Foreclosure Laws New Jersey foreclosures are administered through the court system. The foreclosure process takes about nine months. Compare All State Foreclosure Laws New Jersey Overview Judicial Non-Judicial Process Period Sale Publication Redemption Period Sale/NTS Yes No 270 Days NA 10 Days Sheriff Comments: Judicial Foreclosures only Pre-foreclosure Period At least 30 days before starting the foreclosure process, the lender mails
www.realtytrac.com
- Tuesday, February 3, 2009
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New Hampshire Foreclosure Laws
New Hampshire Foreclosure Laws The majority of New Hampshire foreclosures are carried out through out-of-court proceedings. The typical timeline for an out-of-court foreclosure is approximately three months, including the pre-foreclosure period. Compare All State Foreclosure Laws New Hampshire Overview Judicial Non-Judicial Process Period Sale Publication Redemption Period Sale/NTS
www.realtytrac.com
- Tuesday, February 3, 2009
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Glossary of Foreclosure and Real Estate Terminology - Realtytrac
Million Foreclosures
www.realtytrac.com
- Tuesday, February 3, 2009
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Missouri Foreclosure Laws
Missouri Foreclosure Laws In Missouri, foreclosures are handled both in and out of court. The typical foreclosure process takes about two months. Compare All State Foreclosure Laws Missouri Overview Judicial Non-Judicial Process Period Sale Publication Redemption Period Sale/NTS Yes Yes 60 Days 10 Days 365
www.realtytrac.com
- Tuesday, February 3, 2009
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Deed in Lieu of Foreclosure - a Way Out of Foreclosure - RealtyTrac
Million Foreclosures
www.realtytrac.com
- Tuesday, February 3, 2009
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