2 Articles match "Houses","May","New Jersey"

The Latest from RealtyTrac MORE
Study Forecasts Rising Subprime Foreclosures
A new study released yesterday by the Center for Responsible Lending projects that one out of five subprime mortgages originated in the past two years will end in foreclosure, costing homeowners as much as $164 billion. “This rate is nearly double the projected rate of subprime loans made in 2002, and it exceeds the worst foreclosure experience in the modern mortgage market, which occurred during the “Oil Patch” disaster of the 1980s. The study, which cites RealtyTrac numbers as one of its sources, looked at subprime foreclosure rates from 1998 through 2006 and closely ties those
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Tips for Buying Short Sales from the Lender
The lender, on the other hand, will be considering many factors in deciding whether to approve a short sale, including: • Whether the seller is deserving of a break, due to financial hardship caused by unforeseen circumstances such as layoffs, divorce or illness; • Whether it would be cheaper to simply repossess the house, make any necessary repairs and sell it through a real estate agent or broker ; • How many other properties the mortgage lender currently has in default. Additionally, the lender may require what's called a "hardship letter," which explains
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
  • The Best from RealtyTrac MORE
  • Study Forecasts Rising Subprime Foreclosures
    A new study released yesterday by the Center for Responsible Lending projects that one out of five subprime mortgages originated in the past two years will end in foreclosure, costing homeowners as much as $164 billion. “This rate is nearly double the projected rate of subprime loans made in 2002, and it exceeds the worst foreclosure experience in the modern mortgage market, which occurred during the “Oil Patch” disaster of the 1980s. The study, which cites RealtyTrac numbers as one of its sources, looked at subprime foreclosure rates from 1998 through 2006 and closely ties those
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Tips for Buying Short Sales from the Lender
    The lender, on the other hand, will be considering many factors in deciding whether to approve a short sale, including: • Whether the seller is deserving of a break, due to financial hardship caused by unforeseen circumstances such as layoffs, divorce or illness; • Whether it would be cheaper to simply repossess the house, make any necessary repairs and sell it through a real estate agent or broker ; • How many other properties the mortgage lender currently has in default. Additionally, the lender may require what's called a "hardship letter," which explains
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE