7 Articles match "California","Example","Inventory"

• The Best from RealtyTrac

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• A (Relatively) Few Bad Apples Spoil the Barrel
  
  quot;Although only about 2 percent of households nationwide will be in some stage of foreclosure this year, these properties contribute to already bloated inventories of homes for sale, and put downward pressure on home values," said James J. quot;Areas of California, Florida, Nevada and Arizona continue to be particularly hard-hit. 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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• Where to find the best deals on foreclosures
  
  Our analysis of nationwide foreclosure property sales in the last seven months shows that while some areas of the country documented a plethora of properties in foreclosure and big savings on foreclosure purchases, other areas reported relatively low foreclosure inventories and smaller average savings on foreclosure purchases. For example, the average savings on a foreclosure property in California was less than 20 percent. 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 '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 And with increased inventory levels and longer marketing times around the country, the prospect of distressed homeowners being able to bail themselves out is statistically against them. “If 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.
  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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• High-End Foreclosures Rising Among Top Tier Homes
  
  In a lot of the bubble markets — like Miami, Palm Beach, San Diego, Las Vegas, Orange County and the Inland Empire in California — we are going to see an increase in the number of high-end foreclosures in relatively wealthy communities. In many popular coastal areas, the inventory of high-end foreclosures has swelled, putting additional pressure on home prices and inventories. 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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• 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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• As Home Prices Plummet, When Will You Buy?
  
  For example you see Bank of America adopting a massive, systematic loan modification program. And you see states passing laws, like Californias SB 1137, aimed at giving homeowners a better chance of getting a loan workout rather than a foreclosure. Depending on how far the lenders and government are willing to bend backwards for bad loans and irresponsible homebuyers, we could see a mitigating effect from all these efforts. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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