9 Articles match "Bank Owned","California","Trends"

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• MBA Survey Confirms Q1 Foreclosure Surge
  
  That closely mirrored the trend in MBA’s foreclosure rate, which put the percentage of loans in the foreclosure process at 2.47 percent reported in the first quarter of 2007. The trend lines are even closer when looking at the RealtyTrac first quarter foreclosure rate (0.515 percent of total housing units with a foreclosure filing during the quarter), which was up 21 percent from the fourth quarter of 2007 — exactly the same percentage increase as the MBA foreclosure rate — and up 109 percent from the first quarter of 2007. The first quarter MBA National Delinquency Survey released today largely supports the findings of the RealtyTrac Q1 2008 U.S.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• A (Relatively) Few Bad Apples Spoil the Barrel
  
  quot;Areas of California, Florida, Nevada and Arizona continue to be particularly hard-hit. For example, the city council in Vallejo, California -- part of a metropolitan area with a foreclosure rate that ranked sixth highest in the nation in April - last week voted to have the city file for bankruptcy." Look for more local market perspectives coming soon and please post a comment on any of these posts if you have something to add, a question or a different perspective. According to the RealtyTrac U.S. Foreclosure Market Report issued today, the total number of properties
  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. If a short sale doesn’t work, it eventually becomes a bank-owned foreclosure. To learn more about short sales, visit our Foreclosure Bookstore . Posted 02-20-2007 8:52 AM by Octavion Filed under: Foreclosure Last year, you rarely saw the phrase “short sale” in the MLS property description. Today, approximately 10 percent of the listed properties are short
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Buyers Come Out in Droves For LA Auction
  
  But in the end they were all there for the same purpose — a chance to purchase real estate in Southern California — Los Angeles, Orange and Ventura counties in particular — at a “bargain” price. The banks are not putting them on the market with a Realtor first. And the business is growing all the time, as REDC has scheduled auction dates in various parts of the country, not just Some were dressed for business. Others were dressed like they were out for a weekend at the mall.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• High-End Foreclosures Rising Among Top Tier Homes
  
  said there will be more troubles for upscale flippers, high-end prime borrowers, developers and lenders. “Upscale foreclosures are a growing trend,” said McCabe, pointing to the overflow of some 30,000 unsold beachfront Miami condominiums. “The 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. 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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• Stacking Up 2007 Metro Foreclosure Rates
  
  Five other California metro areas joined Stockton in the top 20: Riverside-San Bernardino at No. Are residents starting to panic or most people in it for the long haul and not too concerned with this downward part of the cycle? View full report for top 100 metro areas. Posted 02-13-2008 8:15 AM by darenb Filed under: Foreclosure Trends Comments
  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. 20 and will provide a temporary, three-year change to the tax code to eliminate any taxes homeowners might face when banks renegotiate the terms of a home loan and forgive a portion of the outstanding mortgage debt. Another claims that developing a series of “systems” in your business is the key to success.
  www.realtytrac.com - Tuesday, February 3, 2009
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• Bank-Repossession Beat Continues in March
  
  And for the second month in a row, the number of bank repossessions, or REOs, was up more than 100 percent year over year. The implication: while significantly more homeowners are falling into foreclosure, there is an even bigger increase in the number of homeowners already in the process who are losing their homes to foreclosure — whether through the typical foreclosure sale mechanism or whether by pre-empting the public foreclosure sale through what is called a deed in lieu of foreclosure. But that may be better than the alternative — a costly and lengthy process that will quite
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• As Home Prices Plummet, When Will You Buy?
  
  Now, in 2009, or will you wait until 2020 when everyone has forgotten about this housing slump and is raving about skyrocketing home prices? Posted 09-30-2008 11:27 AM by darenb Filed under: Foreclosure Trends , Real Estate Trends Comments
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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