27 Articles match "Filing","January"

The Latest from RealtyTrac MORE
High-End Foreclosures Rising Among Top Tier Homes
percent of its homes enter foreclosure in 2007, with 59,983 foreclosure filings on 30,375 properties. In January, properties entering some stage of foreclosure in Las Vegas outnumbered the sales of new and existing homes for the first time, according to a comparison of RealtyTrac foreclosure data and sales data. High-End Foreclosures Rising Among Top Tier Homes By Octavio Nuiry, RealtyTrac Staff Writer    Until now, the foreclosure crisis was confined to a narrow niche of middle-class urban communities and outer-rim new housing developments where first-time homeowners and real estate speculators benefited briefly from favorable financing.
www.realtytrac.com - Tuesday, February 3, 2009
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Fed, World's Banks Pull Off Global Rate Reduction
After all of this, one question remains to be answered in the near future: Will Ben Bernanke be out of a job with the new administration in January? Anyone want to submit their resume now? Posted 10-10-2008 9:45 AM by joelc Filed under: Foreclosure Trends , Real Estate Trends ...Tags: In an unprecedented move aimed at quelling the mounting tidal wave of unrest affecting the world’s economies and investors, the Federal Reserve, in partnership with other central banks around the world, pulled off a coordinated reduction of short-term interest rates Wednesday.
www.foreclosurepulse.com - Thursday, December 18, 2008
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Legislating Lower Foreclosure Rates?
Also below is a heat map RealtyTrac created of the Chicago area based on the number of total foreclosure filings (defaults, sales and REOs) in September. One such law is Illinois Senate Bill 2349 , which passed back in June and is scheduled to become effective January 1, 2007. That will leave defaulted homeowners with fewer options to avoid foreclosure, let alone recoup any equity they might have in their home. An Illinois law intended to help reduce foreclosures is drawing cries of discrimination from some of the people it is trying to protect, according to the Chicago Defender newspaper. “Nearly 60 days after Illinois House Bill 4050 went into effect to supposedly protect consumers from predatory lenders, a coalition of Black and Latino city residents say the new law is actually destroying property values in select minority communities.” The law is a pilot program that is being applied in 10 Chicago zip codes chosen for their high foreclosure rates, among other factors.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • Gentle January Foreclosure Increase
    Although they were up 57 percent from January 2007 and 8 percent from December, the January foreclosure numbers released today by RealtyTrac do not appear to represent the massive wave of foreclosures that is expected to hit sometime soon thanks to the rash of risky loans given to borrowers as late as just last year . Its too early too tell if the relatively meek January numbers mean more distressed homeowners are staving off foreclosure thanks to increasingly pro-active lenders and government intervention , or if they just represent the first few raindrops of what will prove
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Foreclosures Begin 2007 at Two-Year High
    New foreclosure activity in January hit its highest level since RealtyTrac began issuing a national foreclosure report two years ago, with 130,511 new foreclosure filings reported during the month. That was up 19 percent from the previous month and up 25 percent from January 2006. After dominating the headlines with the highest state foreclosure rate for much of 2006, Colorado’s foreclosure rate dropped to fourth highest among the states thanks to a slight decrease in foreclosure activity in January. Nevada took the top spot with one new foreclosure filing for every 362 households.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • U.S. Foreclosure Activity Dips in February
    foreclosure activity eased down 4 percent from the two-year high achieved in January. Still, the 130,786 foreclosure filings reported in February — one foreclosure filing for every 884 households — represented the second highest total reported since RealtyTrac began issuing the report in January 2005. February foreclosure activity was down 4 percent from January but up 12 percent from February 2006. RealtyTrac released its February U.S. Foreclosure Market Report today, and the report shows that U.S.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Foreclosure Activity Up 7 Percent in March
    With 149,150 foreclosure filings reported nationwide in March, U.S. The March total — which includes default notices, auction sale notices and bank repossessions — was the highest monthly total since RealtyTrac began issuing its report in January 2005 and resulted in a foreclosure rate of one foreclosure filing for every 775 U.S. Nevada documented the highest state foreclosure rate for the month, one foreclosure filing for every 183 households. foreclosure activity was up 7 percent from the previous month and 47 percent from a year ago, according to RealtyTracs foreclosure market report that was released yesterday.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Short sales rising
    Nationwide, a total of 130,511 new foreclosure filings were reported in January, a 19 percent increase from the previous month and a 25 percent increase from January 2006, according to ReaaltyTrac’s U.S. January’s total was the highest since RealtyTrac began issuing its report in January 2005. That translates to one new foreclosure filing Scanning the Southern California Multiple Listing Service (MLS) last week, the one thing that stands out is the growing number of short sales. Last year, you rarely saw the phrase “short sale” in the MLS property description.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Foreclosure Downpour Continues in May
    households received a foreclosure filing during the month, the highest monthly foreclosure rate since RealtyTrac began issuing its report in January 2005. Bank repossessions (REOs) accounted for 28 percent of the total activity and the biggest increase among the three types of foreclosure filings tracked in the report. Let us know what you think. Posted 06-13-2008 2:00 Foreclosure activity continued its upward climb in May, increasing on a year-over-year basis for the 29th consecutive month, according to the RealtyTrac U.S. Foreclosure
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Feb. Foreclosure Report: Are We at Bottom Yet?
    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. foreclosure activity was down 6 percent from January. The more important indicator is the year-over-year increase, which has been between 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 .
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Whitney Houston: Diva in Default
    The news service reports that one of two lots owned by Houston was scheduled for public auction on January 4 by the Morris County’sSheriff’s office. These celebrity-related foreclosure filings — which will probably become more frequent as market conditionssoften — demonstrate that almost every income bracket is susceptible toforeclosure. Home buyers can get in over their heads, whether they’re in a $60,000or $6 million home. Thanks to delinquent mortgage payments totaling more than $1million, singer Whitney Houston faces the possibility of foreclosure on a home in New Jersey, according to the AssociatedPress .
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • U.S. Housing Starts Rise, Though Permits Fall
    million units economists had predicted and the largest monthly increase since January 2006. Those jitters were only made worse in the past several weeks as companies working in the subprime mortgage industry went out of business, filed for bankruptcy or fired hundreds of employees as mortgage defaults rose. To say on top of all the latest news and events in the real estate industry, go to RealtyTrac’s News & Events section. Posted 03-21-2007 The pace of new home construction jumped in February by the largest amount in more than a year, but building permits continued to decline, indicating future weakness in the housing market, according a new Commerce Department report today.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Home Prices Fall Deeper Into the Abyss
    percent from May 2007 to a level below where home prices stood back in January 2000. Washington, Los Angeles, New York and Miami are highlighted in a S&P press release as the best performing markets overall since January 2000. For potential homebuyers, investors and real estate professionals, it means the flow of foreclosed properties should continue into the indefinite future — at least until home prices stabilize somewhere down the abyss and reverse their direction back up the Homeowners across the country may be feeling a bit like Mel Brooks’ character from his movie “High Anxiety” now that Standard and Poor’s has released its May numbers for the S&P/Case-Shiller Home Price Indices .
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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