16 Articles match "Buyer","Foreclose","Houses"

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• For Sale - REO Houses and Bank-Owned Properties - RealtyTrac
  
  REO House and Properties For Sale Search Properties | Free 7-Day Trial Search nearly 650,000 Foreclosure and Bank-Owned properties. Locate your perfect REO property: Find below-market priced properties Where to Look for that perfect REO House An REO house means real estate owned by the bank. Also called a bank foreclosure, this frequently happens once a home owner defaults on a mortgage, More than 1 million total properties including For Sale by Owner, New Construction, Resale, and Home Auctions! Your No.1
  www.realtytrac.com - Tuesday, February 3, 2009
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• Buying Bank-Owned REOs at the Auction - RealtyTrac
  
  Consumers eager to take advantage of the softening real estate market can now find significantly discounted real estate that has been foreclosed by lenders and is being auctioned to the highest bidder. When banks take back foreclosed-upon homes, they sometimes hire auction houses to unload properties. Banks are increasingly selling foreclosed properties at auctions to 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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• 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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• Local Market Perspective: South Carolina
  
  We are in an area — known as the Grand Strand — that is a tourist town, popular with second home buyers and investors. am referring to the investors who over-extended themselves with speculation, the second home buyers who bought more than they could afford, and the buyers who were talked into adjustable rate mortgages (ARM) loans so they could buy more home than they could afford. A lot of foreclosures here in South Carolina are also manufactured houses. We are seeing more and more foreclosures come onto the market at this time here in South Carolina. There
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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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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• High-End Foreclosures Rising Among Top Tier Homes
  
  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. The rising trend of prime delinquencies among the wealthy poses a new threat to a battered housing market, which McCabe and others specialists claim is in a recession or heading towards one. “The next two years
  www.realtytrac.com - Tuesday, February 3, 2009
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• Jackson Takes a Final Bow at HUD
  
  Department of Housing and Urban Development. One of the biggest projects Jackson was working on with HUD was the modernization of the Federal Housing Administration (FHA), an agency that insures home loans for approved lenders against borrower default. This project allows for a greater number of mortgages at higher loan limits to be sold on the secondary market, providing FHA insured loans to potential home buyers in more costly areas of the country. He gave himself a couple of weeks to clean out his desk, clear out of his office and say his final goodbyes to his staff.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• What's Causing the Credit Crunch?
  
  A lively debate is ensuing as to why the mortgage industry is unraveling and who’s to blame for the growing credit crunch that is sabotaging the housing industry. Skyrocketing foreclosure filings on subprime loans, those made to borrowers with poor credit, have caused huge losses for Wall Street hedge funds and other buyers of securities backed by those mortgages. In the last year, dozens of mortgage lenders have Wall Street analysts, main street investors, corporate executives and government bureaucrats all disagree on which mortgage company will be the next to trip and fall into bankruptcy.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• A Small Silver Lining in Q1 Foreclosure Storm
  
  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. in March, spurred by investors taking advantage of low prices on foreclosed properties." On the other hand, those exceptions could just turn out to be a source of false hope, perpetuated in part by short-term foreclosure solutions that are about as effective as a five-gallon bailing bucket on the sinking Titanic.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Fannie: Q1 a Swift Kick in the Rear
  
  However, foreclosed property expenses decreased to $170 million for the latest quarter, from $179 million in Q4 2007. Fannie’s outlook for 2008 anticipates further weakness in the housing market that will lead to more delinquencies, defaults and foreclosures on mortgage loans and slower growth in U.S. In the end this translates into continued opportunity for patient home buyers and real estate investors to pick up some good deals on real property for It may have been created and chartered by the federal government, but Fannie Mae (the Federal National Mortgage Association) is first and foremost a private company responsible to shareholders for running at a profit.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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