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8 Articles match "Bank Owned","Sales","Short Sales"
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The Latest from RealtyTrac
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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. It’s going to make short sales more appealing to investors.” Another claims that developing a series of “systems” in your business is the key to success. A third warns that accurate data and timely information is essential to survive.
www.realtytrac.com
- Tuesday, February 3, 2009
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 In January, properties entering some stage of foreclosure in Las Vegas outnumbered the sales of new and existing homes for the first time, according to a comparison of RealtyTrac foreclosure data and sales data. 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
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 estimates ranged from 25 to 40 percent from peak to trough, but all the economists thought prices could overshoot going down (as they did going up) and could be down as much as 55 percent in parts of Southern California. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent
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. Last year, you rarely saw the phrase “short sale” in the MLS property description. Today, approximately 10 percent of the listed properties are short sales. That indicates lenders are getting more eager to unload properties in foreclosure, even if it means selling them for less than is owed on the mortgage. Short sales occur when home prices fall and mortgage debt exceeds the value of the property.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Local Market Perspective: Lake Havasu, Ariz.
I am seeing a rise in foreclosures and short sales far higher than May of 2007. 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. 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: Seattle, Wash.
Over the past three months, my clients and I have presented nine contracts to pre-foreclosure, REO and short sale sellers. In the Northern Seattle area there currently very few REO properties, and in terms of real short sales, I have seen under 10 that are decent over the past month. It makes a transaction so much less of a nightmare, and in a few years you will have built yourself a great real estate portfolio in one of the best cities Out of those nine contracts, nine have been beat by better offers. I
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Flamboyant Foreclosures
bank-owned repo will fit your budget. Here’s a bank-owned mountain escape that includes a $320,000 golf membership. Be the first in your neighborhood to brag about how you stole this flamboyant foreclosure from the bank. This swanky short sale — perched in posh planned community — has all the bells and whistles needed to live the racy O.C. Mention the word “foreclosure” and most investors conjure up images of run-down and dilapidated properties located in undesirable neighborhoods. But now some of the ritzy residences are
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 In January, properties entering some stage of foreclosure in Las Vegas outnumbered the sales of new and existing homes for the first time, according to a comparison of RealtyTrac foreclosure data and sales data. 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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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. It’s going to make short sales more appealing to investors.” Another claims that developing a series of “systems” in your business is the key to success. A third warns that accurate data and timely information is essential to survive.
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 estimates ranged from 25 to 40 percent from peak to trough, but all the economists thought prices could overshoot going down (as they did going up) and could be down as much as 55 percent in parts of Southern California. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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July Foreclosure Report
Bank Repossessions (REOs) accounted for 28 percent of all activity during the month, while defaults accounted for 41 percent and auction notices accounted for 31 percent. This shift in percentages shows that a higher proportion of properties that enter the forecosure process are ending up repossessed by lenders. Posted 08-14-2008 2:00 AM by darenb Filed under: Pre-Foreclosures , Foreclosure Auctions , Bank-Owned/REOs , Foreclosure Trends
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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