12 Articles match "California","Example"

• The Best from RealtyTrac

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• Latest Census Data Suggest More Foreclosures Coming
  
  Take San Diego, for example, where the median price of a home jumped from $249,000 to $567,000 in five years (2000-2005). Foreclosure Market Report for August 2006 , the city also had the third highest number of foreclosures in California with a foreclosure rate of one new foreclosure filing for every 745 households — 1.35 Will the thinly stretched finances of U.S. homeowners lead to a sharp rise in foreclosures and a collapse of the so-called housing bubble?
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Where to find the best deals on foreclosures
  
  For example, the average savings on a foreclosure property in California was less than 20 percent. And foreclosure rates in California, New York and Washington were well below the national average, meaning that relatively few foreclosure properties were available to interested buyers and investors. For example, foreclosures in Monroe County (Rochester), New York sold for an average price of $59,591 — 47.82 It’s important for buyers and investors who are interested in the foreclosures market to carefully evaluate local market conditions before diving into foreclosures in any given area.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• A (Relatively) Few Bad Apples Spoil the Barrel
  
  quot;Areas of California, Florida, Nevada and Arizona continue to be particularly hard-hit. For example, the city council in Vallejo, California -- part of a metropolitan area with a foreclosure rate that ranked sixth highest in the nation in April - last week voted to have the city file for bankruptcy." According to the RealtyTrac U.S. Foreclosure Market Report issued today, the total number of properties with foreclosure activity in April reached the highest level on a monthly basis since RealtyTrac began issuing the report in January 2005.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
  
  Million Foreclosures
  www.realtytrac.com - Tuesday, February 3, 2009
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• Secrets of Pre-Foreclosure Investing
  
  Most residential properties in pre-foreclosure – especially in bubble states like California, Florida and Nevada – are not worth pursuing because the defaulting homeowners have drained the equity out of their homes. In California, for example, sellers in foreclosure are protected by both the California Home Equity Sales Contact Act (California Civil Code Sections 1695-1695.17), which was enacted in 1979, and the California Mortgage Foreclosure Consultants Act (California Civil Code Sections 2945-2945.11). 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.
  www.realtytrac.com - Tuesday, February 3, 2009
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• Jackson Takes a Final Bow at HUD
  
  This will be a good thing in places like Southern California, for example. 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. After that, Alphonso Jackson will probably be looking for something a little less in the public eye…at least for a while. Jackson gave notice on Monday of his intention to step down as secretary of the U.S.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
  
  It is a crime thatconsumer advocates fear could become increasingly common — especiallyin Southern California, where many homeowners have stretched themselvesto their financial limits to afford the regions record high housingprices. "The InMinnesota, for example the recission period is 5 days. An article in the Los Angeles Times onTuesday documented the sad story of a defaulted homeowner who was thevictim of alleged foreclosure fraud. The homeowner said he was trickedinto signing over the title of his home by a scam artist who didnothing to stop the foreclosure and then took
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• A 'Dialogue' on the Housing Market
  
  In California, for example, 27 percent of all mortgages were so-called “option ARMs,” where the buyer pays 1 percent interest and the underpaid amount gets added to the loan’s principal. “Our Appearing on a recent episode of “Dialogue with Jim Doti”, RealtyTrac CEO James Saccacio cited a number of factors for the more than 60 percent year-to-year increase in foreclosure activity in September 2006. Chief among those — local economic conditions, poor planning for the future by home buyers, and rising interest rates.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• The Fed Rate Decision is Ongoing'
  
  For example, for 17 consecutive meetings the Fed raised interest rates by a quarter of a percent each time (25 basis points in economist lingo), and the code word they used to justify those rate increases was adjustment . When I was in business school at the University of Southern California we spoke of an “ongoing concern” meaning a business enterprise of supposedly infinite duration. The Federal Reserve is starting to sound like a broken record. Oops!
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• The Government Goes After Loan Officers
  
  The Securities and Exchange Commission alleges that five California brokers sold “unsuitable” securities to customers, primarily variable universal life policies (VUL). “Most For example, the SEC could limit its investigation to mortgages that were foreclosed within the first 12 to 18 months after origination. The one public example of such an audit that we know of revealed stunning results. The Government Goes After Loan Officers By Peter G. Miller    One of the most galling aspects of the mortgage meltdown is the sense
  www.realtytrac.com - Tuesday, February 3, 2009
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