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14 Articles match "Distressed","Income","Properties"
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The Latest from RealtyTrac
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No Mortgage Meltdown For These Banks
not far from Manhattan, Hudson City Bancorp has a lending philosophy that dates back decades: You can get a dull, boring, mortgage from Hudson at a very low rate — but only if you put equity into the property. The term “spread lender” means that Hudson makes its money on the difference between the interest income it earns from loans and the costs it pays out to operate its business. No Mortgage Meltdown For These Banks By Peter G. Miller The news from Wall Street in recent weeks has not been good, especially in the world of
www.realtytrac.com
- Tuesday, February 3, 2009
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Free foreclosure help and avoiding foreclosure information - RealtyTrac
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www.realtytrac.com
- Tuesday, February 3, 2009
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40 Is the New 30 for Lenders and Investors
Tauting the lower monthly payments the new product offers will appeal to first-time buyers, consumers in high-cost markets, real estate investors and buyers on a fixed income, the companys press release also warns that equity will build up more slowly as a result of the lower payments and a lot more total interest will be paid over the extra 10 years. The net result -- lenders need new methods of generating income and these 40-year loans may be one solution. Well, as Fed Chairman Ben Bernanke decides on his next move -- will he or wont he ratchet up interest rates another 25 basis points next month as most economists are predicting -- mortgage lenders are also pondering their next moves.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Bush Foreclosure Solution Just Adds Water
The provision that is the focus of the White House proposal goes to the crux of the bill – to amend the Internal Revenue Code of 1986 to exclude discharges of indebtedness on principal residences from gross income. At present, under the Tax Code a homeowner who loses a home to foreclosure has to pay income taxes on any portion of the mortgage debt the lender may decide to forgive. It wasn’t very long ago that President George W. Bush came out with a public policy statement negating any possibility of either a homeowner, or a lender bailout, given the impact the current mortgage
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The $3 Billion Foreclosure Payday
To put Paulson’s payday into perspective, it would take the income of 62,500 Americans earning $48,000 annually to equal the loot he raked in last year. During the last housing slump, Paulson was a foreclosure investor, buying two distressed properties; a New York apartment and a large home in the Hampton on Long Island. You may not know who John Paulson is, but you soon will. Last year, Paulson made $3 billion betting on foreclosures .
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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California Foreclosures 2007: Steady As She Goes
Through November, RealtyTrac tallied nearly 130,000 properties that entered some stage of foreclosure in California alone during 2006; accounting for roughly 11 percent of the nation’s foreclosures for the same period. At the end of the day, it will all amount to an economic environment in 2007 that will not be kind to distressed homeowners who need to sell to avoid foreclosure. A dubious honor at best, the Golden State maintained a level of foreclosure activity during the past year that kept it in the nation’s upper echelon in terms of state foreclosure totals. The state hit
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
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www.realtytrac.com
- Tuesday, February 3, 2009
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No Mortgage Meltdown For These Banks
not far from Manhattan, Hudson City Bancorp has a lending philosophy that dates back decades: You can get a dull, boring, mortgage from Hudson at a very low rate — but only if you put equity into the property. The term “spread lender” means that Hudson makes its money on the difference between the interest income it earns from loans and the costs it pays out to operate its business. No Mortgage Meltdown For These Banks By Peter G. Miller The news from Wall Street in recent weeks has not been good, especially in the world of
www.realtytrac.com
- Tuesday, February 3, 2009
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Local Market Perspective: Seattle, Wash.
In the Northern Seattle area there currently very few REO properties, and in terms of real short sales, I have seen under 10 that are decent over the past month. Our median household income is about $72,000 annually — among the highest in the country. say this all the time to my buyers, at auction there is a huge crowd competing over six to 10 properties. Over the past three months, my clients and I have presented nine contracts to pre-foreclosure, REO and short sale sellers. Out of those nine contracts, nine have been beat by better offers.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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How a Short Sale Can Stop Foreclosure, Short Selling Bank Foreclosures - RealtyTrac
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www.realtytrac.com
- Tuesday, February 3, 2009
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2006: An Adjustable' Year for Foreclosures
And that is why RealtyTrac has been warning that many home buyers maybe find themselves in financial distress this year or next. million properties entering foreclosure nationwide during 2006 — a large increase from 2005 when approximately 850,000 properties went into foreclosure. But for those families whose household income has not kept pace with the rising costs of living, there may be some tough years ahead — in the short term at least. The Federal Home Loan Mortgage Corporation (better known as Freddie Mac) has just released the results of its 23rd Annual Adjustable-Rate Mortgage survey of prime loans.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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