5 Articles match "Bank Owned","Example","Hearing"

• The Best from RealtyTrac

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• The Legend of Foreclosure Vandalism Grows
  
  That seems to be the most common story used when people talk about foreclosure vandalism, although Ive yet to hear one concrete (pun intended) example of this happening in real life. With apologies to Prison Mike from "The Office," we want to scare rookie foreclosure buyers and investors straight. Posted 04-02-2008 7:22 AM by darenb Filed under: Foreclosure Auctions , Bank-Owned/REOs , Foreclosure Trends Comments
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Local Market Perspective: Corona, Calif.
  
  I’m constantly hearing of agents submitting well above asking price offers on what some may say are above average homes, only to get rejected or beat out by buyer with large cash down deposits. In Corona, newly built foreclosures, with approximately 3,000 sq.-ft. of living space, are being under-priced by the bank, creating phenomenal bidding wars. It’s amazing what’s happening in Corona, Calif., a community in Riverside County Over the last month, I’ve witnessed over 500 properties go into pending status.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Local Market Perspective: Lake Havasu, Ariz.
  
  My last seven sales have all been bank-owned homes, with over 171 contacts from my RealtyTrac source. Unfortunately, what folks hear in the news, for the most part, does not apply to Lake Havasu; with it being a second home community, people from out of state are not jumping on the buying wagon since their present homes, which are up for sale, are still not selling. For example, one sale I did 30 days ago, was a brand new 1,700 square foot home, with 3 bedrooms With a population of fewer than 55,000, the Lake Havasu, Ariz., real estate market is still declining.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure Activity Deflating or Just Deferred?
  
  Meanwhile, REO (bank repossession) activity actually decreased on a YOY basis in January and February of 2007 but gradually started to gain momentum in the second half of 2007, and increases in REOs have far outpaced the increases in defaults and auctions in all six months of 2008. One could argue that this chart shows that the bulk of the properties that were at risk for foreclosure have migrated through the process and are now being repossessed by the foreclosing lenders. On the other hand, some might argue that many properties are still at risk for falling into foreclosure, but
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• As Home Prices Plummet, When Will You Buy?
  
  We'd like to hear from you when and if you plan to step in and start buying. 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. child will take a lot longer to Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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