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16 Articles match "Example","Owner","Sales"
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The Latest from RealtyTrac
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How Much for Those Lender Assets in the Window?
You could look at the Merrill sale and say, Aha! One can see investors looking at delinquency and foreclosure rates, loan age and also geographic concentrations, down payment data, equity, income, credit ratings, sale terms and other factors. lot of loan servicers, accountants and attorneys are going to be working nights and weekends to get the work done.” As an example, the surprise in the WAMU deal was not the high default rates for subprime or option ARMs, rather it was the huge losses associated with home equity lending. How Much for Those Lender Assets in the Window? By Peter G.
www.realtytrac.com
- Tuesday, February 3, 2009
Secrets of Pre-Foreclosure Investing
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. It’s going to make short sales more appealing to investors.” Another claims that developing a series of “systems” in your business is the key to success. A third warns that accurate data and timely information is essential to survive.
www.realtytrac.com
- Tuesday, February 3, 2009
Stop Home Foreclosure
Your lender may agree to accept the sale as total satisfaction of your mortgage obligation even if the proceeds of the sale are less than the amount that you actually owe. This is called a short sale. The "as is” appraised value and the sale price should be least 70 percent to 80 percent of the unpaid principal balance of the home. How to Sell Your House Quickly When Facing Foreclosure By LaTonya S. Johnson If you are currently in foreclosure, strongly consider selling your property as a backup plan.
www.realtytrac.com
- Tuesday, February 3, 2009
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The Best from RealtyTrac
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Glossary of Foreclosure and Real Estate Terminology - Realtytrac
lis pendens is usually filed by the lender to start the foreclosure process under judicial foreclosure (just as a notice of default begins the foreclosure process under non-judicial foreclosure) Military Affidavit A written and sworn statement that, to the best of the homeowners association’s knowledge, the property owner is not in active military service and entitled to any rights under the Soldier’s and Sailor’s Relief Act of 1940. Notice of Default A notice of homeowner’s failure to perform his/her obligations as to the payment of assessments under the Declaration
www.realtytrac.com
- Tuesday, February 3, 2009
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Local Market Perspective: Lake Havasu, Ariz.
I am seeing a rise in foreclosures and short sales far higher than May of 2007. My last seven sales have all been bank-owned homes, with over 171 contacts from my RealtyTrac source. Unfortunately, what folks hear in the news, for the most part, does not apply to Lake Havasu; with it being a second home community, people from out of state are not jumping on the buying wagon since their present homes, which are up for sale, are still not selling. With a population of fewer than 55,000, the Lake Havasu, Ariz., real estate market is still declining.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Lessons From Long Beach - Part III
this example I just said that I wanted to know about the status of aproperty in foreclosure and the trustees rep asked for the propertyaddress and then the owners name, both of which were listed on theproperty details page on RealtyTrac. Sometimes the trustee may ask forthe trustee sale number or reference number, also listed on theproperty details page under Contact Information . Heres the third and final lesson gleaned from a conversation with acustomer in Long Beach, Calif., who needed help following up onproperties she found on RealtyTrac.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures in Money's 'Best Places to Live'
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.; This list in Money magazine, supported by data acquired from RealtyTrac, is a prime example of this. Posted 07-24-2006 5:00 PM by joelc Filed under: Foreclosure Trends , Real Estate Trend 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
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Secrets of Pre-Foreclosure Investing
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. It’s going to make short sales more appealing to investors.” Another claims that developing a series of “systems” in your business is the key to success. A third warns that accurate data and timely information is essential to survive.
www.realtytrac.com
- Tuesday, February 3, 2009
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Foreclosure Financing and Foreclosure Refinancing - RealtyTrac
More than 1 million total properties including REO, For Sale by Owner, and Home Auctions! Finding financing for the foreclosure deal... Depending on the price range of the foreclosure properties an investor plans to buy, he or she will need startup capital to pay the loan reinstatement costs, rehab costs, closing costs, carrying costs, sales marketing costs and other expenses associated with buying and carrying foreclosure real estate. Foreclosure
www.realtytrac.com
- Tuesday, February 3, 2009
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40 Is the New 30 for Lenders and Investors
Wells Fargo, for example, just announced that it is joining the growing number of lenders, like Washington Mutual and Bank of America, that are offering 40-year fixed-rate loans. Even though prices are up, home sales volume is down dramatically -- just ask the National Association of Realtors -- homeowners are not refinancing anywhere near the levels seen even just a year ago, and the number of new homes under construction is declining as is building permits. 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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8 Ways to Dodge Delinquency and Stopping Foreclosure - RealtyTrac
Lenders say that the sooner they hear from a delinquent borrower in trouble, the easier it is to negotiate a solution. Option #2: Reinstatement Prior to a foreclosure sale, borrowers have the right to reinstate a delinquent loan. For example, delinquent mortgage payments may be added to the backend of the borrower’s scheduled payments or the borrower could be given more time to bring the late payment current. Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
www.realtytrac.com
- Tuesday, February 3, 2009
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Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
There are some (not all) reputable investors who will pay the deficit balance, ask you to keep the existing loan in your name and assist in selling the home, often taking a portion of the profits as payment for using their money while the property is for sale. That transaction should include…A) Cash wiring instructions to the foreclosing bank (often by Western Union) B) A three-day right of recession, and a share purchase agreement, C) verifiable information of the person purchasing the property, including personal and financial references.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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OTS Director Offers Alternative Plan to Congress
Reich pointed to the FHASecure program as an example, where 116,000 loans have closed since the program was launched in September 2007, but only 1,500 of them were made to refinance delinquent conventional loans. By contrast, the OTS Foreclosure Prevention Proposal does ask for FHA guaranteed loans for distressed borrowers in owner-occupied homes. Using the proceeds In a statement delivered before the Committee on Financial Services of the U.S. House of Representatives earlier this week, John M.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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