8 Articles match "Homes","Ohio","Top"

• The Best from RealtyTrac

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• Top 10 Metro Foreclosure Rates
  
  Canton, Ohio -- 0.72% 10. As you can see, no one region dominated the top 10 list,but conspicuously missing are any cities in the Northeast, Gulf Coastand West Coast. whichhas low unemployment and strong home price appreciation, but it couldbe that rising interest rates combined with more risky financing aretaking a toll in that area. RealtyTrac today released its first ever U.S. Metropolitan ForeclosureMarket Repor t, which ranks the nations 100 largest metro areas byforeclosure rate in the first quarter of 2006.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Home Price Appreciation Stays Sluggish
  
  The Office of Federal Housing Enterprise Oversight’s House Price Index for the fourth quarter of 2006 shows home prices were up 1.1 For the second consecutive quarter Michigan’s home price appreciation declined on a year-over-year basis, dropping 0.4 Canton, Ohio, and Cambridge, Mass. An index issued Thursday suggests the nation’s sputtering housing market is running low on the fuel it needs to accelerate — price appreciation. percent from the previous quarter and up 5.9
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Priced to Foreclose
  
  A new report shows a strong correlation between slow home priceappreciation and high foreclosure rates, although its clear thecorrelation does not involve a direct cause-and-effect relationship. The Office of Federal Housing Enterprise Oversight (thank goodness for acronyms) on Thursday released home price appreciation statistics for the first quarter of 2006, which show that U.S. homes are appreciating at the slowest quarterly rate since the firstquarter of 2004. The OFHEO report ranks the 50 states and the District of Columbia basedon year-over-year home price appreciation.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure Filings Soar 90 Percent
  
  Saccacio, chief executive officer of RealtyTrac, said a jump in foreclosures at a time of year that traditionally is the busiest for home sales means the slide in prices probably isn't over. “Such strong activity in the midst of the typical spring buying season could foreshadow even higher foreclosure levels later in the year,” said Saccacio. “Certainly Certainly not every community nationwide is seeing an increase in foreclosures, but foreclosed properties are becoming more commonplace and adding to the downward pressure on home prices in many areas.” A growing number of American homeowners across the country are getting foreclosure notices, according to new data released this week by RealtyTrac.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• FBI: Mortgage Fraud Begets Foreclosure
  
  The correlation is apparent in the report’s list of the top states for mortgage fraud: California, Florida, Georgia, Illinois, Indiana, Michigan, New York, Ohio, Texas, and Utah. If not caught, the flipper pockets the profit produced by the artificially inflated sales price (see diagram below from FBI report). The report goes on to pinpoint “foreclosure-rescue” scams as an emerging form of fraud that takes advantage of the growing number of homeowners in default. “The perpetrators convince homeowners that they can save their homes from foreclosure through deed transfers
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• I'll Take Sour Cream and Chives
  
  RealtyTrac’s latest numbers released this morning show that the top five states with the highest number of foreclosure filings in July accounted for 55 percent of all foreclosure filings in the country. (see The five: California, Florida (the hanging chad capital of the western world), Michigan, Ohio and Georgia. Just an FYI: in the upcoming 2008 presidential election, No butter for me. Personally, I like my hot baked potato covered with sour cream and chives.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Fannie: Q1 a Swift Kick in the Rear
  
  ldquo;As the initial shock of home price declines dissipate and markets settle down from volatility of the last nine months, we’re seeing tremendous opportunity. As a result of the losses, Fannie is revising its forecast for home price declines from a 5 to 7 percent loss nationally for all of 2008, to a 7 to 9 percent loss for the year, with significant regional differences in the rate of home price declines. It may have been created and chartered by the federal government, but Fannie Mae (the Federal National Mortgage Association) is first and foremost a private company responsible to shareholders for running at a profit.
  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. Gerdano, who expects consumer bankruptcies for 2008 to top 1 million, according to a Reuters 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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