8 Articles match "Equity","Properties","Residential"

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• Buying Bank-Owned REOs at the Auction - RealtyTrac
  
  Buying Bank-Owned REOs at the Auction Search Properties | Free 7-Day Trial Thanks to a sharp rise in foreclosure filings nationwide, homebuyers and real estate investors are increasingly likely to encounter bank-owned properties that are for sale at real estate auctions. Trace below-market priced properties Real estate auctions are gaining in popularity nationwide because they are a quick and efficient way to sell and buy property. The increased presence of lender-owned homes in the market — known in the banking industry as REOs, for "real estate owned" — is fallout from the recent real estate boom that marked the first half of this decade. At the Auction!
  www.realtytrac.com - Tuesday, February 3, 2009
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• Waning Confidence a Concern That May Help Foreclosures
  
  Declining numbers are being felt across the board in residential building permits, housing starts (projected to be down 10 percent for 2006 and another 6 percent in 2007) and completions, resulting in a total $64 billion drop in residential construction. If these concerns fuel a downward spiral, home prices could drop significantly, resulting in a loss of homeowner equity (which in itself could have serious economic repurcussions) and an increase in the inventory of foreclosure properties. Experts like Doti see this scenario as unlikely. Economics 401 – Effects of a housing ‘slump’? When James L.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Secrets of Pre-Foreclosure Investing
  
  Most people in foreclosure today have zero equity in their homes,” said Thomas J. Lucier, a Tampa Bay real estate investor and author of The Pre-Foreclosure Property Investor’s Kit . “That’s They deeded the property over to me. Then, after five days, I hired a local agent, listed the 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
  www.realtytrac.com - Tuesday, February 3, 2009
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• Short sales rising
  
  Last year, you rarely saw the phrase “short sale” in the MLS property description. Today, approximately 10 percent of the listed properties are short sales. That indicates lenders are getting more eager to unload properties in foreclosure, even if it means selling them for less than is owed on the mortgage. Short Scanning the Southern California Multiple Listing Service (MLS) last week, the one thing that stands out is the growing number of short sales. A
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Home Price Indices Reporting Record Lows
  
  ldquo;For homeowners and financial market observers, these declines spell further erosion in home equity levels and potentially more trouble for mortgage markets. ldquo;The steep downturn in residential real estate continues,” said David M. Taken altogether, these reports should be seen as good tidings for real estate investors as well as home buyers who are interested in mining the foreclosure marketplace Home prices on existing single-family homes continued to sink further into the abyss nationally during the first quarter of 2008, according to two leading industry indicators. The Office of Federal Housing Enterprise Oversight (OFHEO) reported last week that prices fell 1.7
  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. Only a slight uptick in job creation throughout California is expected, along with low housing affordability, a larger inventory of unsold houses, declining home prices, lower sales volume and less residential construction. 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.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Option ARM Borrowers Running Out Of Time
  
  According to Fitch "the potential average payment increase on this recasting population is 63 percent, representing on average an additional $1,053 due each month on top of the current average payment of $1,672." You dont have to be a math major to figure out what will happen next: Huge numbers of option ARMs will fail in the next 24 to 30 months with results that will be devastating to borrowers, loan portfolios and local home values. How They Work Formally known as "payment option adjustable rate mortgages," option ARMs are the most complex residential loan products ever offered.
  www.realtytrac.com - Tuesday, February 3, 2009
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• As Home Prices Plummet, When Will You Buy?
  
  have access to credit have fat cash reserves aren't already over-exposed in real estate have a secure job or income stream expect to hold the property for at least two years" But be forewarned, prices are expected to fall further, and will take awhile to rebound, according to many economists. "I quot;I think this time residential housing is in the 100-year flood, and I think it's going to take a long time to recover," said David Shulman, senior economist at the UCLA Anderson Forecast , at the Zelman & Associates Housing Summit in Dallas on Sept.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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