6 Articles match "December","Homes","News"

• The Best from RealtyTrac

  MORE

• Avoid and Stop Foreclosure - Help at RealtyTrac
  
  Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
  www.realtytrac.com - Tuesday, February 3, 2009
  READ MORE
• Subprime meltdown means jump in foreclosures
  
  As more lenders go bankrupt and more Americans default on home loans, a jump in foreclosures is expected. reported big losses from loan defaults due to sagging home prices and higher interest rates. filed for bankruptcy on Feb 7, sounding the alarm and bringing the total failure of subprime lenders to 20 since December, according to Bloomberg News . Panic is spreading in the U.S. subprime mortgage market after the bankruptcy of at least 20 lenders in the last two months, triggering a mass liquidation of securities on Wall Street and an avalanche of foreclosure activity
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• From $2B Bailout to $4B Buyout at Countrywide
  
  According to various news reports , earlier this week the firm reported that the number of foreclosures and late payments on mortgages it held in December 2007 soared to their highest level in five years. Wall Street reacted to the news, and the company’s stock continued to plunge , closing Wednesday at $5.12 What happens to the millions of home loans being It didn’t take long from a historical perspective. Just late last year Bank of America infused $2 billion into the coffers of Countrywide Financial to support the floundering lender’s attempt to survive the subprime
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Housing glut gives foreclosure buyers and investors advantage
  
  Home prices and sales plunge Sales of existing single-family homes declined in 40 states and in half of the nation’s biggest metropolitan areas in the last three months of 2006, according to the National Association of Realtors . million vacant homes await buyers In addition to weaker sales and declining prices, a record number of homes are sitting vacant awaiting buyers. Storm clouds are gathering over the nation’s battered housing market. Depending on whom you ask, the forecast calls for either thunderstorms or gale force hurricane winds.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Cagan: Big Scary Numbers, Little Impact
  
  Based on his latest property surveys (conducted December 2006), the Director of Research and Analytics for First American CoreLogic concluded in his latest report titled, “Mortgage Payment Reset: The Issue and the Impact,” that marketplace remediation has already begun as borrowers and lenders negotiate refinances whenever possible. Confirming what RealtyTrac has reported previously, Cagan noted that it is borrowers who went with either sub-prime loans, or loans with smaller teaser rates initially to finance their home purchase, who stand to bear the greatest burden as the onslaught
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Secrets of Pre-Foreclosure Investing
  
  Most people in foreclosure today have zero equity in their homes,” said Thomas J. On December 18, Congress passed new legislation to eliminate taxes on mortgage debt. 20 and will provide a temporary, three-year change to the tax code to eliminate any taxes homeowners might face when banks renegotiate the terms of a home loan and forgive a portion of the outstanding mortgage debt. 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
  READ MORE