10 Articles match "Colorado","Homes","Most"

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• FHA Program Linked to High Colorado Foreclosure Rate
  
  An illuminating article in the Denver Post connects the dots between Colorado’s high foreclosure rate and an FHA program gone awry: “Created to extend the dream of homeownership to first-time buyers, the so-called FHA gift program instead has led to rampant foreclosures. Nearly 6,000 FHA loans have wound up in foreclosure in Colorado in the past two years, and during that time the program allowed more than 25 percent of FHA buyers to use gifts as down payments.” The article recounts several stories of homeowners who paid just a few hundred dollars to buy their home, using a loophole
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• CO Gives Owners More Time to Fix Foreclosure
  
  gives Colorado homeowners who enter foreclosure more time to “cure” the loan in foreclosure before the public foreclosure sale. In the past, Colorado homeowners had 45 to 60 days from the commencement of foreclosure proceedings — initiated by what is called a notice of election and demand — to cure the loan by making all past-due payments along with late charges and other costs. 1387 , most homeowners now have 110 to 125 days to cure the loan (owners A state law that took effect Jan. 1
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures Thrive in Third Quarter
  
  With home price appreciation slowing and the inventory of unsold homes expanding, the third quarter proved to be fertile ground for sprouting foreclosures, according to RealtyTrac’s quarterly foreclosure market report . Colorado documented the highest foreclosure rate during the quarter — one new foreclosure filing for every 127 households — and Florida reported the most new foreclosure filings — 40,136. View more details . Posted 10-31-2006 7:47 AM by darenb Filed under: Foreclosure Trend
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Avoid and Stop Foreclosure - Help at RealtyTrac
  
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  www.realtytrac.com - Tuesday, February 3, 2009
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• Priced to Foreclose
  
  A new report shows a strong correlation between slow home priceappreciation and high foreclosure rates, although its clear thecorrelation does not involve a direct cause-and-effect relationship. The Office of Federal Housing Enterprise Oversight (thank goodness for acronyms) on Thursday released home price appreciation statistics for the first quarter of 2006, which show that U.S. homes are appreciating at the slowest quarterly rate since the firstquarter of 2004. The OFHEO report ranks the 50 states and the District of Columbia basedon year-over-year home price appreciation.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• US Foreclosures a Mixed Blessing in Q2
  
  As the most recently collected data reported today in RealtyTracs Q2 2006 U.S. This is good news for real estate investors, agents and home buyers looking for a piece of the American Dream at a potentially more affordable price. With the highest foreclosure rates in the nation, Colorado, Georgia and Texas continue to be the most likely places to begin searching for potential foreclosure properties. Foreclosure Market Report suggests, there is both an upside and a downside to the latest numbers. On the positive side, foreclosure activity nationwide during Q2 2006
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures in Money's 'Best Places to Live'
  
  Fort Collins, Colorado. Money’s writers and editors selected from an initial pool of 745 “livable” cities with populations of more than 50,000 with good jobs, low crime, quality schools, plenty of open space, lots to do, AND rational home prices. That’s more than all the for sale by owner, resale and new homes listed on RealtyTrac in Fort Collins The rest of Money’s Top 10 list includes: 2) Naperville, Ill.; Money magazine came out last week with another of its Top 10 lists; this one called "America’s Best Places to Live 2006 ." And the winner is . . .
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• March Mania and RealtyTrac's Sweet 16 Foreclosure List
  
  That will buy you a two-story home with three bedrooms and one bath. Reno, NV — Opening Bid: $49,073 3) Colorado — 2506 W 8th St., For the best foreclosure opportunities during the subprime meltdown, join RealtyTrac for the most comprehensive foreclosure data nationwide. Don’t miss next weeks tip off, when RealtyTrac announces America’s “Elite Eight” Each spring brings the beginning of the real estate sales season and the end of college basketball, culminating with March Mania and the much awaited NCAA Sweet 16 playoff. This weekend, as the best college basketball players
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• FBI: Mortgage Fraud Begets Foreclosure
  
  The FBI also lists Arizona, Colorado, Maryland, Minnesota, Missouri, Nevada, North Carolina, Tennessee, and Virginia as other areas significantly affected by mortgage fraud. The report identifies the most common scam as “illegal property flipping.” If not caught, the flipper pockets the profit produced by the artificially inflated sales price (see diagram below from FBI report). The report goes on to pinpoint “foreclosure-rescue” scams as an emerging form of fraud that takes advantage of the growing number of homeowners in default. “The perpetrators convince homeowners
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Betting Everything on the House: 3 Risky Loans to Avoid
  
  Yet many homeowners — particularly in California, Florida and Colorado — are still purchasing or refinancing their mortgages with “exotic” loans that may keep their monthly payments low now, but when these gimmicky loans “reset” upward borrowers could lose their homes if they haven’t planned for an increased monthly mortgage payment. For most borrowers, it’s better to lock in a fixed interest rate on a 30-year loan and never worry about interest rates rising. 2. Falling prices, sluggish sales and risky loans that let borrowers pile up debt faster than they can pay it off could put more homeowners out of their houses this year than at any other time this decade.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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