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7 Articles match "December","News"
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Secrets of Pre-Foreclosure Investing
On December 18, Congress passed new legislation to eliminate taxes on mortgage debt. I had to break the bad news to the husband when he got home from work. 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. Another claims that developing a series of “systems” in your business is the key to success.
www.realtytrac.com
- Tuesday, February 3, 2009
Housing glut gives foreclosure buyers and investors advantage
million empty houses were listed for sale during October, November and December, according to the Census Bureau . For real estate investors and home buyers, weakness in January construction means that builders will slash prices and offer incentives to motivate buyers into writing offers. Foreclosures surge upward The biggest news in residential real estate, however, seems to be foreclosures. 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
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Avoid and Stop Foreclosure - Help at RealtyTrac
Stop Foreclosures Click on a state below to get information on stopping foreclosures in your area: Search 1,683,603 U.S. foreclosure properties Click on a state!
www.realtytrac.com
- Tuesday, February 3, 2009
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Subprime meltdown means jump in foreclosures
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 . And Doug Duncan, chief economist of the Mortgage Bankers Association in Washington, told Bloomberg News that more than 100 other lenders will go out of business this year. 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 on Main Street.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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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 Still, people going into foreclosure, and buyers, 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
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Greed and Deceit Get Their Comeuppance in Any Cycle
And let’s not forget all the news stories out there about mortgage and foreclosure scams these days. Also, a well-known online news source for the mortgage industry has published a new online journal called “The Mortgage Graveyard” detailing the struggles and failures of mortgage companies dating back to 1999. Even though an estimated 19 percent of all loans originated in 2005 and 2006 were subprime ARMs (according to a December 2006 report published by the Center for Greed and deceit. It’s a recurring theme in the real estate industry; mostly visible in the financial
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Housing glut gives foreclosure buyers and investors advantage
million empty houses were listed for sale during October, November and December, according to the Census Bureau . For real estate investors and home buyers, weakness in January construction means that builders will slash prices and offer incentives to motivate buyers into writing offers. Foreclosures surge upward The biggest news in residential real estate, however, seems to be foreclosures. 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
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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. Still, Cagan’s report has plenty of numbers that are welcome news to real estate investors, homebuyers and real estate professionals seeking bargain real estate to invest in. At first glance, the numbers that Dr. Christopher Cagan works with on a daily
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Secrets of Pre-Foreclosure Investing
On December 18, Congress passed new legislation to eliminate taxes on mortgage debt. I had to break the bad news to the husband when he got home from work. 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. Another claims that developing a series of “systems” in your business is the key to success.
www.realtytrac.com
- Tuesday, February 3, 2009
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