11 Articles match "Homes","March","May"

• The Best from RealtyTrac

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• Bank-Repossession Beat Continues in March
  
  foreclosure activity registered at more than 50 percent above the level it was at a year ago, according to the March RealtyTrac U.S. And for the second month in a row, the number of bank repossessions, or REOs, was up more than 100 percent year over year. The implication: while significantly more homeowners are falling into foreclosure, there is an even bigger increase in the number of homeowners already in the process who are losing their homes to foreclosure — whether through the typical foreclosure sale mechanism or whether by pre-empting the public foreclosure sale through what
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Local Market Perspective: Las Vegas
  
  Shari Springer Springer Realty The Greater Las Vegas Association of Realtors reported May 6 that 1,794 single-family homes were sold in April, a 21.4 percent jump over the 1,478 homes sold in March. Properties owned by banks and other lenders are accounting for more than half of all the homes sold each month. The sales are 29.9 percent higher than April 2007.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Data Suggests Decline in California Foreclosures
  
  This sheds light on some of the most recent foreclosure statistics published by RealtyTrac (see our latest report) , which show decreasing numbers of new filings in March and April, and May numbers up only slightly. Since unemployment rates are historically a good indicator of foreclosure rates, this bodes well for California homeowners, but less well for real estate investors, first-time home buyers and real estate professionals who may be waiting for the long-anticipated flood of foreclosure inventory. California’s latest economic numbers reported by forecasters at the A.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• New Poll: Buyers to Remain on the Fence
  
  If the results of the latest Associated Press-AOL Money & Finance poll are any indication, prospective home buyers will be keeping their wallets closed and remain on the fence at least until the latest economic downturn blows over. A majority of those polled for the survey expressed pessimism over the nation’s housing contraction (as the Federal Reserve calls it) enough to not consider buying a home anytime soon. And that could be years down the road. Other survey results included: • A quarter of the 769 homeowners included in the random sample of 1,002 adults surveyed
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Gentle Ben Says the "R" Word...Finally!
  
  Charles Schumer’s Joint Economic Committee this week, Bernanke reportedly admitted that the nation may actually be headed toward a recession. Many economists who were once naysayers — like Bernanke — are finally owning up to the fact that they may have been wrong, and that a recession is already here. Labor Department announced the loss of 80,000 jobs in March 2008, taking the nation’s unemployment rate from 4.8 Gentle Ben Bernanke has been careful not to ruffle any feathers on Capitol Hill since assuming his role as the chief caretaker of the U.S. economy. But
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• A Small Silver Lining in Q1 Foreclosure Storm
  
  Dispatches from Detroit indicate that free-market forces may be the catalyst. The Detroit Free Press reported that "Detroit home sales shot up 30.8% in March, spurred by investors taking advantage of low prices on foreclosed properties." Detroit home prices have hit a low enough threshold to become appealing to bargain buyers While foreclosure activity in the first quarter of 2008 was up on a year-over-year basis in 90 percent of the nations 100 largest metropolitan areas, according to the RealtyTrac Q1 report issued today, there were a few notable exceptions that could prove to be a harbinger of hope for the nations battered housing market.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• When Foreclosure Is Not Politically Correct
  
  Laura Richardson has lost, via foreclosure, the 1,600 square-foot, two-story Sacramento home with three bedrooms and 1.5 14, 2007 for $18,356, followed by a Notice of Trustees Sale being recorded on March 19, 2008. The Trustee’s Deed transferring the property to Red Rock was recorded on May 19, 2008, according to the Long Beach Press-Telegram . Typically when you read about a politician and foreclosure, it’s in relation to some piece of legislation created to combat the recent surge in foreclosures. But the topic of foreclosure recently became much more personal
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure "Megatrends"
  
  Home prices are falling. Here are some “megatrends” that may develop in the months ahead. Increasingly, homeowners who put little or no money down are walking away from their homes, mailing their keys — jingle mail — to lenders who gave them toxic loans, according to the New York Times . Rise of the Eight-Figure Foreclosure Only poor people lose their homes to foreclosure, right? Foreclosures are rising. Sales are down.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• BK' Doesn't Stand for Burger King
  
  And for struggling homeowners it often represents what they think is the last stand they can take before losing their home to foreclosure. The latest figures ratify trends that began last year, depicting households under growing stress from heavy consumer debts, now in homes they can’t afford and can’t sell,” said ABI Executive Director Samuel J. As Bloomberg.com recently reported, the likelihood of Gerdano’s prediction coming to fruition The only kind of whopper a person with this kind of ‘BK’ is going to get is a whopper of a headache. In this, the legal sense for the abbreviation,
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Option ARM Borrowers Running Out Of Time
  
  You say you want to buy a home but have no money. Let me introduce you to the option ARM, an affordability mortgage product that can get you into the home of your dreams.... 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 Option ARM Borrowers Running Out Of Time By Peter G.
  www.realtytrac.com - Tuesday, February 3, 2009
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