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17 Articles match "Balance","May","Sales"
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The Latest from RealtyTrac
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The Government Goes After Loan Officers
Now the immunity enjoyed by lenders may be at an end. new and surprising player is looking at failed mortgages, and looking in a way which may suggest that many loan officers will have to pay up. 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.” The Government Goes After Loan Officers By Peter G.
www.realtytrac.com
- Tuesday, February 3, 2009
Option ARM Borrowers Running Out Of Time
Because Fitch says that a 40-year loan term represented 4 percent of all option ARMs in 2004 -- but 38 percent by 2007. A loan with four payment options may seem fairly understandable, but in the real world a lot of borrowers did not take out option ARMs because they wanted to make fully-amortizing payments. 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. Option ARM Borrowers Running Out Of Time By Peter G.
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. The worry is that they may be captured under the new state definition of “subprime” loans, a worry which German says is shared by many mortgage investors. This may be a difficult standard to meet given the way mortgage-backed securities are sold and re-sold. New York Versus Freddie Mac: Round One By Peter G. Miller It’s fight time in New York.
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. The problem is, many industry analysts are starting to come around to the idea that this “correction” may not bottom out until either year’s end 2008 or sometime in 2009. Then there’s the nation’s retail industry, advertising sales events at after-Thanksgiving sales price levels the weekend after Halloween!!! 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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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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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. Lucier , means more struggling borrowers will consider selling their homes to investors through short sales. Bush on Dec. 20, helps people whose homes are in foreclosure by canceling taxes on any mortgage debt that has been forgiven by their lender.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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South Carolina Foreclosure Laws
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 None Court Comments: Judicial Foreclosures only
www.realtytrac.com
- Tuesday, February 3, 2009
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New Hampshire Foreclosure Laws
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 No Yes 59 Days 24 Days None Trustee
www.realtytrac.com
- Tuesday, February 3, 2009
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Glossary of Foreclosure and Real Estate Terminology - Realtytrac
When recorded, it is the initial step in a Trustee’s Sale Proceeding. Notice of Trustee’s Sale A document which is mailed, advertised, posted and recorded. Among other information, it provides the date, time and location of the Trustee’s Sale and also contains a description of the property to be sold. Postponement A verbal announcement made at the time and place of the scheduled Trustee’s Sale. Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
www.realtytrac.com
- Tuesday, February 3, 2009
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Missouri Foreclosure Laws
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 Days Trustee Comments: Non-Judicial Foreclosures are more
www.realtytrac.com
- Tuesday, February 3, 2009
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Deed in Lieu of Foreclosure - a Way Out of Foreclosure - RealtyTrac
Short of filing for bankruptcy (which only delays the inevitable, and does not STOP foreclosure in its tracks), sometimes your lender just isn’t willing to negotiate a loan workout or accept a short sale (agreeing to take less money on the sale of your property than the balance due on their underlying mortgage). However, should you find yourself in this situation where there may be a deficiency judgment involved, the best thing to do is to consult with a real estate attorney about possible options. Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
www.realtytrac.com
- Tuesday, February 3, 2009
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Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
In theend, the increased attention benefits both homeowners in default andlegitimate foreclosure investors, but it may take some time and effortto separate the wheat from the chaff. Make a comment or send us an e-mail . Posted 03-29-2006 6:49 PM by darenb Filed under: Pre-Foreclosures Comments
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Fighting Foreclosure: Seven Ways to Dodge Delinquency
Reinstatement Prior to a foreclosure sale, borrowers have the right to reinstate a delinquent loan. Depending on your lender, you may be able to restructure your loan. For example, delinquent mortgage payments may be added to the loan balance or the borrower could be given more time to bring the late payment current. The sharp rise in foreclosure activity in recent months does not paint a pretty picture for distressed borrowers: 437,000 foreclosure filings were reported in the first quarter of this year, according to RealtyTrac . If you are falling behind on your
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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