4 Articles match "Bank Owned","March","May"

The Latest from RealtyTrac MORE
Foreclosure "Megatrends"
Here are some “megatrends” that may develop in the months ahead. Banks and Builders Buckle If 2007 was the year of the mortgage meltdown, where hundred of subprime lenders became extinct, then 2008 could shape up to be the year where banks and homebuilders buckle under the crushing strain of debt. wave of foreclosure walkers could spawn $1 trillion or more in financial losses, creating a systemic banking and builder crisis unseen in American history, warns the Economist . Foreclosures are rising. Home prices are falling.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Bank-Repossession Beat Continues in March
foreclosure activity registered at more than 50 percent above the level it was at a year ago, according to the March RealtyTrac U.S. 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
www.foreclosurepulse.com - Tuesday, December 16, 2008
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A Small Silver Lining in Q1 Foreclosure Storm
Dispatches from Detroit indicate that free-market forces may be the catalyst. in March, spurred by investors taking advantage of low prices on foreclosed properties." That in turn allows lenders to start unloading foreclosure inventory, easing a heavy burden that has been weighing down the citys housing market. Different forces may be at work in Philadelphia, helping that citys foreclosure rate remain relatively low. While foreclosure activity in the first quarter of 2008 was up on a year-over-year basis in 90 percent of the nations 100 largest metropolitan areas, according to the RealtyTrac Q1 report issued today, there were a few notable exceptions that could prove to be a harbinger of hope for the nations battered housing market.
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
  • The Best from RealtyTrac MORE
  • Bank-Repossession Beat Continues in March
    foreclosure activity registered at more than 50 percent above the level it was at a year ago, according to the March RealtyTrac U.S. 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
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Local Market Perspective: Las Vegas
    Shari Springer Springer Realty The Greater Las Vegas Association of Realtors reported May 6 that 1,794 single-family homes were sold in April, a 21.4 percent jump over the 1,478 homes sold in March. Properties owned by banks and other lenders are accounting for more than half of all the homes sold each month. The sales are 29.9 percent higher than April 2007.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • A Small Silver Lining in Q1 Foreclosure Storm
    Dispatches from Detroit indicate that free-market forces may be the catalyst. in March, spurred by investors taking advantage of low prices on foreclosed properties." That in turn allows lenders to start unloading foreclosure inventory, easing a heavy burden that has been weighing down the citys housing market. Different forces may be at work in Philadelphia, helping that citys foreclosure rate remain relatively low. While foreclosure activity in the first quarter of 2008 was up on a year-over-year basis in 90 percent of the nations 100 largest metropolitan areas, according to the RealtyTrac Q1 report issued today, there were a few notable exceptions that could prove to be a harbinger of hope for the nations battered housing market.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Foreclosure "Megatrends"
    Here are some “megatrends” that may develop in the months ahead. Banks and Builders Buckle If 2007 was the year of the mortgage meltdown, where hundred of subprime lenders became extinct, then 2008 could shape up to be the year where banks and homebuilders buckle under the crushing strain of debt. wave of foreclosure walkers could spawn $1 trillion or more in financial losses, creating a systemic banking and builder crisis unseen in American history, warns the Economist . Foreclosures are rising. Home prices are falling.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE