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22 Articles match "Buyer","Company","Houses"
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The Latest from RealtyTrac
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Don't Dump Investors
Miller When it comes to bailing out giant banks, huge companies and massive stock brokerages theres no shortage of government interest and activity. After all, its in our national interest to protect investors — unless, of course, theyre folks who merely bought a house or two. Because when buyers look at recent home sales they do not distinguish between homes Don’t Dump Investors By Peter G. The investor double-standard is hardly hidden.
www.realtytrac.com
- Tuesday, February 3, 2009
Long-Term Solution for Fannie and Freddie Dilemma
Share values have dropped more 90 percent, investors have lost more than $100 billion, and both companies were rescued by the federal government earlier this month, placed in a government conservatorship run by the newly created Federal Housing Finance Agency. They are the largest buyers of U.S. Housing Long-Term Solution for Fannie and Freddie Dilemma By Peter G. Miller Its been a rough year for Fannie Mae and Freddie Mac.
www.realtytrac.com
- Tuesday, February 3, 2009
Option ARM Borrowers Running Out Of Time
The ability to afford a bigger mortgage also meant the ability to buy a bigger and better house. With real roulette when gamblers lose the house wins. As to lender share prices and dividends, how attractive will such companies appear when huge numbers of loans are unpaid, especially if in many cases the size of the debt exceeds the value of the underlying properties? "Alternatively, if we restrict option loans now by regulation or lender choice, the pool of buyers will shrink and home prices Option ARM Borrowers Running Out Of Time By Peter G. Miller
www.realtytrac.com
- Tuesday, February 3, 2009
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New Illinois Housing Law Draws 2nd Suit
The suits — filed by eight consumers and the real estate community — seek to halt the implementation of Illinois House Bill 4050, which took effect September 1. "It's a discriminatory law," said Julie Santos, a Chicago Realtor and co-chair of the Coalition to Rescind HB 4050, a group formed from several community organizations who are collecting signatures in an attempt to repeal the law. "If quot; The mortgage counseling law is generating a rising chorus of critics — from homeowners, lenders, realtors, investors, consumer rights advocates, title companies and others
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Buying Bank-Owned REOs at the Auction - RealtyTrac
Lenders use auction companies because they move inventory quickly. When banks take back foreclosed-upon homes, they sometimes hire auction houses to unload properties. Bidders must be registered prior to the auction with the company conducting the auction. The deposit amount varies from state to state and the auction company Buying Bank-Owned REOs at the Auction Search Properties | Free 7-Day Trial Thanks to a sharp rise in foreclosure filings nationwide, homebuyers and real estate investors are increasingly likely to encounter bank-owned properties that are for sale at real estate auctions.
www.realtytrac.com
- Tuesday, February 3, 2009
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Long-Term Solution for Fannie and Freddie Dilemma
Share values have dropped more 90 percent, investors have lost more than $100 billion, and both companies were rescued by the federal government earlier this month, placed in a government conservatorship run by the newly created Federal Housing Finance Agency. They are the largest buyers of U.S. Housing Long-Term Solution for Fannie and Freddie Dilemma By Peter G. Miller Its been a rough year for Fannie Mae and Freddie Mac.
www.realtytrac.com
- Tuesday, February 3, 2009
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Local Market Perspective: Cape Coral, Fla.
The agents will be sharing their insights about what is happening on the ground in their local housing market, particularly as it relates to foreclosures. Your comments, questions and feedback are welcome. Gloria Tate Raso Realty, Inc. I work with buyers in my area; new jargon and issues are making buying a home more difficult than ever before. This presents a whole new challenge, they use mobile closers who rarely Editor's Note: This is the first in a series of guest blog posts from members of the RealtyTrac Agent Network . It is great to see prices drop.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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And the Hits' Just Keep On Coming!
For Countrywide , the second quarter of the year was a real let down with the company drawing from an $11.5 Citigroup came out with a press statement last week projecting that the company will suffer a 60 percent decline in third quarter income between 2006 and 2007. The statement also explains the company’s need to write down more than $3 billion in various financial instruments including subprime mortgage-backed securities, highly leveraged financial commitments Countrywide. Citigroup.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Local Market Perspective, Seattle, Wash.
You never get a perfect house. You must be willing to put in the time and money to create your perfect house. So, the inspection process on the house is more costly. It is also recommended that the potential buyer do more than a typical inspection. Here are some things to keep in mind when considering a distressed property purchase: Foreclosures are the most problem prone and strenuous type for real estate purchase. You get price per-square-foot.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Salvation: By Grace or By Works?
The payment for those sins is often foreclosure, but Clinton wants the government to become a Messianic figure for homeowners facing foreclosure — and by default also for many lenders who approved problem loans for those homeowners — by forgiving these sins and bearing the transgressions of malevolent mortgages that no other lender or buyer is willing to touch. "That’s why I believe the Federal Housing Administration should also stand ready to be a temporary buyer — to purchase, restructure, and resell underwater mortgages," Clinton said in the speech at what was billed as the "Solutions for
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Local Market Perspective: Cleveland, Ohio
Other sellers are really the relocation companies or the banks backing a short sale. If you don’t, other savvy buyers will jump in and grab it. SELL: Believe it or not there are solid buyers out there looking to buy and there are not a lot of very good choices. Your house could be the gem among very tired listings WATCH: Here in Cleveland, watch the market for the best deals! Some sellers are against the wall and will sell well under market value.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Avoid Foreclosure Before it Starts at RealtyTrac
Million Foreclosures
www.realtytrac.com
- Tuesday, February 3, 2009
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The Legend of Foreclosure Vandalism Grows
The article claims that "real estate agents estimate that about half of foreclosed properties to be sold by mortgage companies nationwide have substantial damage, according to a new survey by Campbell Communications, a marketing and research firm based in Washington, D.C." And there are some real horror stories described by agents cited in the article: ferret droppings along the baseboards, walls pocked with holes, appliances and light fixtures ripped out, a trail of motor oil dripped on all the carpets throughout a house. The Wall Street Journal is reporting that more and more homeowners forced out of their homes by foreclosure are turning to vandalism to lash out in some tangible way in a situation where they feel powerless.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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