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7 Articles match "Bank","Cleveland","Foreclosures"
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The Latest from RealtyTrac
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New York Versus Freddie Mac: Round One
An investor in Dubai, London or Hong Kong — or in San Diego, Orlando or Cleveland — has no way to oversee lenders in Poughkeepsie, Buffalo or Utica. Such investors are essentially buyers of IOUs secured by real estate, IOUs which hopefully will yield a given level of interest and never require a foreclosure. What makes the New York law different is that it effectively sets aside the holder-in-due-course rule by saying that if New York Versus Freddie Mac: Round One By Peter G. Miller It’s fight time in New York.
www.realtytrac.com
- Tuesday, February 3, 2009
How Can Financially-Troubled Homeowners Prevent Foreclosure?
For the 112,210 Americans who entered the foreclosure pipeline in September, the answer is simple: Talk to your lender at the first sign of trouble. Lenders want to keep troubled borrowers in their homes and out of foreclosure. For lenders, foreclosures are costly — often entailing heavy payouts for legal fees, realty brokerage commissions, repairs, property taxes, maintenance and carrying costs. When you miss several mortgage payments and your lender sends you a notice of default, where do you turn for relief? Call immediately and ask to speak with the “loss mitigation”
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Lenders help their customers curb foreclosures
Banks are increasingly testing new strategies to help curb mortgage delinquencies . headquartered in Cleveland, Ohio — is working with churches, social workers and the United Way to help troubled borrowers avoid foreclosure. Bank of America Corp. As borrowers falling behind on their mortgage payments increase in number, they are getting help form an unlikely source — the mortgage industry. To prevent potential problems, National City Corp. —
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Local Market Perspective: Cleveland, Ohio
WATCH: Here in Cleveland, watch the market for the best deals! Other sellers are really the relocation companies or the banks backing a short sale. The Cleveland market will correct and you will have instant built-in equity. Here in Cleveland, we only have the normal correction to go through. Some sellers are against the wall and will sell well under market value. Learn the market, learn the values, watch and… WAIT: Know when it’s time to hop on a property.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Lenders help their customers curb foreclosures
Banks are increasingly testing new strategies to help curb mortgage delinquencies . headquartered in Cleveland, Ohio — is working with churches, social workers and the United Way to help troubled borrowers avoid foreclosure. Bank of America Corp. As borrowers falling behind on their mortgage payments increase in number, they are getting help form an unlikely source — the mortgage industry. To prevent potential problems, National City Corp. —
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Thieves Have the New Foreclosure Math Down
It doesn’t take a mental giant to do the new math of the foreclosure crisis. Here’s all you have to factor into the equation in order to successfully perform the new math: 1) There are many areas around the country where foreclosures are abundant. Stories are starting to appear from all over the country , particularly from areas where foreclosure saturation is pretty heavy, about metal scrappers breaking into vacant foreclosures and ripping out copper plumbing, stealing kitchen stoves, and anything As a matter of fact, it’s as easy as two plus two. Pick your favorite.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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How Can Financially-Troubled Homeowners Prevent Foreclosure?
For the 112,210 Americans who entered the foreclosure pipeline in September, the answer is simple: Talk to your lender at the first sign of trouble. Lenders want to keep troubled borrowers in their homes and out of foreclosure. For lenders, foreclosures are costly — often entailing heavy payouts for legal fees, realty brokerage commissions, repairs, property taxes, maintenance and carrying costs. When you miss several mortgage payments and your lender sends you a notice of default, where do you turn for relief? Call immediately and ask to speak with the “loss mitigation”
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Stacking Up 2007 Metro Foreclosure Rates
It was the usual suspects topping the 2007 MSA Foreclosure Rate Rankings released by RealtyTrac today. Detroit, Stockton and Las Vegas were the top three, each with more than 4 percent of total households in some stage of foreclosure during the year. Four Ohio cities were in the top 20: Cleveland at No. Five other California metro areas joined Stockton in the top 20: Riverside-San Bernardino at No. 4, Sacramento at No.
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. The Seattle market is not what you see on the news, hear on the radio, or read in the paper in terms of the rest of the nation’s foreclosure woes. Seattle did not experience the “urban sprawl” boom seen in so many other cities plagued with foreclosure woes. Out of those nine contracts, nine have been beat by better offers. In the Northern Seattle area there currently very few REO properties, and in terms of real short sales, I have
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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New York Versus Freddie Mac: Round One
An investor in Dubai, London or Hong Kong — or in San Diego, Orlando or Cleveland — has no way to oversee lenders in Poughkeepsie, Buffalo or Utica. Such investors are essentially buyers of IOUs secured by real estate, IOUs which hopefully will yield a given level of interest and never require a foreclosure. What makes the New York law different is that it effectively sets aside the holder-in-due-course rule by saying that if New York Versus Freddie Mac: Round One By Peter G. Miller It’s fight time in New York.
www.realtytrac.com
- Tuesday, February 3, 2009
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