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32 Articles match "Homes","Inventory","Sales"
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The Latest from RealtyTrac
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Don't Dump Investors
These efforts are to help American families who both want to and can, through a loan modification or re-financing, stay in their homes.” Its not the governments job to bail out speculators, or those who made the decision to buy a home they knew they could never afford.” Because investor properties lost to foreclosure will continue to flood the market, driving down all home values. Don’t Dump Investors By Peter G. Miller When it comes to bailing out giant banks, huge companies and massive stock brokerages theres no shortage
www.realtytrac.com
- Tuesday, February 3, 2009
The Government Goes After Loan Officers
Most investors who bought these securities,” says the SEC, “lacked the cash or income to do so, but were urged by their brokers to raise the money to pay for the purchases and the monthly payments required for these products by refinancing their fixed-rate mortgages into subprime adjustable-rate negative amortization mortgages.” According to the SECs complaint “each defendant was a mortgage broker as well as a registered representative and collected compensation from the mortgage refinancings as well as the sales of securities. In making the sales, the brokers allegedly misrepresented
www.realtytrac.com
- Tuesday, February 3, 2009
New York Versus Freddie Mac: Round One
You can guess what happens next: No subprime loans, no high cost loans, no buyers, no sales. That’s the surest way to reduce the inventory of unsold homes now holding down property values.” ____________________ Peter G. New York Versus Freddie Mac: Round One By Peter G. Miller It’s fight time in New York.
www.realtytrac.com
- Tuesday, February 3, 2009
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How a Short Sale Can Stop Foreclosure, Short Selling Bank Foreclosures - RealtyTrac
Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
www.realtytrac.com
- Tuesday, February 3, 2009
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High-End Foreclosures Rising Among Top Tier Homes
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. This is just the tip of the iceberg.” McCabe believes that delinquencies and defaults will rise not only among subprime borrowers, but among prime mortgages, Alt-A loans, teaser rate loans and low money-down
www.realtytrac.com
- Tuesday, February 3, 2009
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As Home Prices Plummet, When Will You Buy?
Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today. quot; Las Vegas and Phoenix posted the two biggest annual declines in home prices of the 20 metro areas tracked in the report, followed by Miami with a 28.2 Prices in those metro areas were down 19.5 percent from their peak in July 2006. "There
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Bank-Owned Properties and REO Frequently Asked Questions - RealtyTrac
For banks, however, bank-owned homes are a liability. Did you know? Smaller local banks usually have one individual who is in charge of the banks REO inventory. Before lenders make REO properties available for sale, they typically expunge Bank-Owned Properties and REO (FAQ) Search Properties | Free 7-Day Trial What is an REO? REO is an acronym for real estate owned and is industry jargon for foreclosure property repossessed
www.realtytrac.com
- Tuesday, February 3, 2009
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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. 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.
www.realtytrac.com
- Tuesday, February 3, 2009
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Now Homebuilders Face Foreclosure
based Levitt & Sons, Elliott Building Group in Pennsylvania, Turner-Dunn Homes Inc. in Arizona, Kara Homes Inc. in New Jersey, and Neumann Homes Inc. Sales of new homes have suffered the biggest decline since records began in 1963. For millions of Americans facing foreclosure, the Federal Reserve’s interest rate cut this week was welcome news that could possibly help save thousands of homeowners from default by giving them the opportunity to refinance their adjustable-rate loan into a fixed-rate mortgage with a lower interest rate. But for many U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Housing Slump Prelude to Recession, Study Says
The nation’s housing slump, crippled by falling prices and rising inventories of unsold homes, is the worst in a generation and still hasn’t run its full course, according to Harvard University’s annual housing report. rdquo; The study, the “ State of the Nation's Housing 2008 ,” noted that housing starts, new home sales and existing home sales are at all-time lows since after World War II, while home price declines and foreclosure filings are the worst on record. Harvard University’s Joint Center for Housing Studies painted a bleak picture of the current housing downturn, claiming that “the nation is in the throes of a housing downturn that is shaping up to be the worst in a generation.”
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Local Market Perspective: Lake Havasu, Ariz.
With our beautiful Lake and hot summers, we are considered a vacation and second home community. 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. 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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Bubble monitoring
One of the best reads among the bubble blog genre is BubbleMarkets Inventory Tracking , which regularly uses RealtyTrac data totrack how a " property flipper in trouble "has fallen into foreclosure on several investment properties. The highlighted one street where sevenhomes are listed for sale, but missed the fact that there are threepre-foreclosures on the same street. Its always fascinating to see the different ways people useRealtyTracs foreclosure data. For instance, there are a plethora ofblogs such as The Housing Bubble and Northern New Jersey Real Estate Bubble that use
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Latest Reports Sending Out Mixed Signals
The other report, released by the National Association of Realtors , reported that pending sales of existing homes were down 1.9 Yet, in the NAR announcement, chief economist Lawrence Yun states his belief that existing home sales will see little change over the next few months before making a notable improvement during the second half of 2008. “The The slip in pending home sales implies we’re not out of the woods yet, though 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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