10 Articles match "February","Foreclosures","Sales"

• The Best from RealtyTrac

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• Feb. Foreclosure Report: Are We at Bottom Yet?
  
  February foreclosure activity was down 4 percent from the previous month but still up 57 percent from February 2007, according to the latest RealtyTrac U.S. Foreclosure Market Report . So does the monthly decrease mean weve hit a ceiling of sorts for this cycle in terms of foreclosures? Probably not. The February monthly decrease is more likely a seasonal decrease helped along by a shorter-than-average month and the fact that Januarys numbers are often padded with some pent-up foreclosure activity from the holiday season.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Flamboyant Foreclosures
  
  But now some of the ritzy residences are increasingly falling into foreclosure. 33462 Auction Price: $40,000,000 SOLD: $22,000,000 If you think eight-figure foreclosures never happen — think again! In February, Veronica Hearst’s Manalapan trophy property — one of the most expensive foreclosures ever recorded — was sold at the Palm Beach County courthouse steps for an astounding $22 million. Mention the word “foreclosure” and most investors conjure up images of run-down and dilapidated properties located in undesirable neighborhoods.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• America's Most Expensive Foreclosure?
  
  Mention the word “foreclosure” and most homebuyers and investors conjure up images of run-down and dilapidated properties located in undesirable neighborhoods. The mansion was foreclosed on February 25th on the Palm Beach County courthouse steps. Indeed, this sophisticate short sale has it all. But now some of the most opulent estates are increasingly becoming available for savvy investors and homebuyers as a growing number of well-healed homeowners are defaulting on their mortgage payments and property taxes. Consider Veronica Hearst’s Manalapan mansion.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure Thriller — Pay Up or Beat It
  
  filed the notice of trustee’s sale with the Santa Barbara County Superior Court on February 26th. View auction notice on RealtyTrac . “We We are starting to see evidence of a rise in high-end foreclosures across the nation,” said James J. and the scheduled auction of Michael Jackson’s Neverland Ranch, it appears that even the rich and famous are not immune to foreclosure.” For the second time in less than a month, the real estate bubble has burst on a rich and famous homeowner’s palatial estate. Following closely on the heels of another trophy property recently
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Economic Indicators: Image Is Everything
  
  1) The National Association of Realtors announced Monday that existing home sales nationwide were up for the month of February compared to January. 3) The Conference Board’s Consumer Confidence Index also came out Tuesday with its analysis showing that consumer confidence in the nation’s economy slid nearly 12 percent in March following a sharp decline in February, and remaining at a five-year low. Commerce Department When it comes to purchasing real estate — either as a primary residence or as an investment — perception is everything. When reports of telltale economic indicators
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Too Soon For a Comeback
  
  Even the National Association of Realtors, which has come out with its latest report documenting a two percent decline in existing home sales for March 2008, down 19.3 The NAR tried to be positive about the nation’s situation earlier this month in stating that, “Existing home sales could start to show a sustained increase within the next few months.” month supply in February). At present it does not appear that there is enough evidence yet to declare that a market comeback is in the offing. The bottom line is that no one can say anything with 100 percent certainty given
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
  
  An article in the Los Angeles Times onTuesday documented the sad story of a defaulted homeowner who was thevictim of alleged foreclosure fraud. The homeowner said he was trickedinto signing over the title of his home by a scam artist who didnothing to stop the foreclosure and then took out another loan againstthe property with no intention of paying it off. The article goes on tomake the case that foreclosure fraud crime is on It is a crime thatconsumer advocates fear could become increasingly common — especiallyin Southern California, where many homeowners have stretched themselvesto their financial limits to afford the regions record high housingprices. "The
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Latest Reports Sending Out Mixed Signals
  
  in April, the largest drop in consumer confidence measured by the index since it first started keeping track back in February 2001. The other report, released by the National Association of Realtors , reported that pending sales of existing homes were down 1.9 percent in February, a much larger drop than expected, to the lowest level the index has reported since NAR began keeping track in 2001, according to published reports . Two reports came out Tuesday that are prime examples of conflicting opinions and the confusion they can cause the average consumer or investor when it comes to assessing the state of the economy.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Clear Signs That It's Not Over Yet
  
  Being realistic for the moment, for those of you who like to follow market trends, how about these: • Home prices in 17 out of 20 MSAs posted record low declines in February • The number of vacant homes in this country have hit a record high • Consumer confidence fell sharply in March • Home sales volume in the largest real estate market in the country was down significantly for March And it’s only Tuesday! And until it recovers, these latest reports are clear evidence that foreclosures are not going anywhere anytime soon. The downward spiral that has sent this nation’s real estate market reeling out of control is far from over yet.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• New Poll: Buyers to Remain on the Fence
  
  For one, existing home sales — which went up in February — may be nothing more than a momentary blip on the radar screen. And most importantly, the steady stream of foreclosures will continue for the foreseeable future, presenting plenty of opportunity for investors to get involved, helping to alleviate the fears of distressed homeowners facing uncertain financial consequences and almost certain foreclosure. Posted 04-15-2008 12:30 PM by joelc Filed under: Foreclosure Trends
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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