9 Articles match "Bank Owned","Example","May"

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• Foreclosure Search: Lessons from Long Beach
  
  Not all areas have a lot of recent foreclosureactivity, and that may mean youll have to be more patient in yoursearch (make sure to set up daily e-mail alerts) or broaden your search so that you have more properties to choose from. For example, one search this customer ran was for bank-owned properties in a specific Long Beach zip code. A few days ago I spoke to a new RealtyTrac customer who was having trouble tracking down foreclosure property in Long Beach, Calif . She said something like, "Is the information on your site accurate?
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure Financing and Foreclosure Refinancing - RealtyTrac
  
  Foreclosure Financing: How to Buy Foreclosure Real Estate Search Properties | Free 7-Day Trial Search nearly 650,000 Foreclosure and Bank-Owned properties. Find below-market priced properties For many homebuyers and investors seeking to purchase a pre-foreclosure or a bank-owned foreclosure property, one of the most difficult aspects of purchasing a distressed property is finding financing for the foreclosure deal. More than 1 million total properties including REO, For Sale by Owner, and Home Auctions! Finding financing for the foreclosure deal...
  www.realtytrac.com - Tuesday, February 3, 2009
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• Local Market Perspective: Lake Havasu, Ariz.
  
  In May 2008, there were 272 new listings, down 1.5 percent from May 2007. There were 134 sold listings in May 2008, down 15.52 percent from May 2007. I am seeing a rise in foreclosures and short sales far higher than May of 2007. 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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• 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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• Foreclosure Activity Deflating or Just Deferred?
  
  The 3 percent decrease may lead some to speculate that the upward trend in foreclosure activity may be nearing an end, but as RealtyTrac CEO James J. What may be a better argument -- although certainly not an ironclad case -- that the foreclosure surge is starting to run out of steam is the trend over the past 18 months in YOY percentage changes, broken down by type of foreclosure filing. Meanwhile, REO (bank repossession) U.S. foreclosure activity in June decreased 3 percent from the previous month but was still up 53 percent from June 2007, according to the RealtyTrac
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• High-End Foreclosures Rising Among Top Tier Homes
  
  trolls the upper-end of the foreclosure train wreck, searching for million-dollar bank-owned listings. “The The high-end housing market is not immune to foreclosure,” said Brady, who handles bank-owned foreclosure listings. “Rich Today, a third of the 300 homes are for sale and investors can now scoop up many of the vacant bank-owned properties for $450,000. 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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• Is Eight Enough?
  
  The number of properties with some sort of foreclosure action against them (default notice, auction notice, bank repossession) has consistently risen for the past eight quarters (see chart). One example is Colorado, whose foreclosure rate ranked No. The bill also earmarks $4 billion in grants for local communities to buy up foreclosed properties that may be negatively affecting the communities. While there have been monthly fluctuations up and down during this time period, the quarterly numbers consistently have been up quarter over quarter, and the most recent quarter was no exception, according to the U.S.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Secrets of Pre-Foreclosure Investing
  
  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. McManus said the borrower got out of a painful situation, the bank got rid of a non-performing asset, and McManus bought a discounted house for pennies on the dollar. “Sometimes, 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.
  www.realtytrac.com - Tuesday, February 3, 2009
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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 irony of all this may be that just as the market was beginning to find some footing and correct itself in these hard-hit areas, the government jumps in to try to save everyone and thereby undercuts those shaky steps toward a recovery. 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
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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