4 Articles match "Inventory","Maine","Properties"

• The Best from RealtyTrac

  MORE

• Foreclosures and Hurricanes: A Nasty Combo
  
  residents from Texas to Maine. The potential for damage to other homes and personal property, along with the hazardous danger of bodily harm involved, may give support to the idea being promoted in many cities, counties and states around the country to hold lenders liable for maintaining the foreclosed properties in their REO inventory until they are sold. Some governments already have legislation in the works to charge lenders a registration fee for every REO they own, as well as impose penalties for not maintaining the properties The fallout that followed in the aftermath of Hurricane Katrina in 2005 left many Gulf Coast residents homeless or facing foreclosure — or both.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Subprime meltdown means jump in foreclosures
  
  subprime mortgage market after the bankruptcy of at least 20 lenders in the last two months, triggering a mass liquidation of securities on Wall Street and an avalanche of foreclosure activity on Main Street. Growing trouble in the subprime mortgage industry could not come at a worse time for the battered housing sector, which has been in a yearlong tailspin of stagnant sales, rising inventories, plunging prices and growing defaults. Panic is spreading in the U.S. As more lenders go bankrupt and more Americans default on home loans, a jump in foreclosures is expected.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Wachovia Changes The Lending Game
  
  If some or all of the negative income owed by borrowers can be realized by refinancing option ARMs, then Wachovia will be very much ahead when compared with foreclosure situations. Main Street The reason home prices have been falling for the past 18 months is a gross imbalance between supply and demand. Real estate values will not rise until the inventory of unsold homes is reduced. Wachovia Changes The Lending Game By Peter G. Miller     With assets of more than $800 billion, Wachovia is the nation’s fourth-largest banking
  www.realtytrac.com - Tuesday, February 3, 2009
  READ MORE
• As Home Prices Plummet, When Will You Buy?
  
  have access to credit have fat cash reserves aren't already over-exposed in real estate have a secure job or income stream expect to hold the property for at least two years" But be forewarned, prices are expected to fall further, and will take awhile to rebound, according to many economists. "I households who live in rental properties, these renters will jump in and start buying. Of course, the other 30 percent of current homeowners will feel the pain financially. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE