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12 Articles match "Journal","Properties"
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The Latest from RealtyTrac
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Foreclosure Spat Brews in Chicago
Foreclosure Spat Brews in Chicago The Wall Street Journal While many banks are taking pains to work out troubled commercial-property loans rather than foreclosing, Bank of America Corp. has lost its patience with a developer who took on a notoriously...( read more
Foreclosure Pulse
- Wednesday, November 18, 2009
Receivers' Catch: Foreclosures
Receivers' Catch: Foreclosures The Wall Street Journal Some banks are starting to bypass foreclosure on large, troubled real-estate developments and instead are throwing the properties into receivership, a move intended to reduce some of the headaches...( read more
Foreclosure Pulse
- Wednesday, July 29, 2009
As Home Prices Plummet, When Will You Buy?
June Fletcher of The Wall Street Journal sagely advises that the answer is "For some people, yes. 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 Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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Receivers' Catch: Foreclosures
Receivers' Catch: Foreclosures The Wall Street Journal Some banks are starting to bypass foreclosure on large, troubled real-estate developments and instead are throwing the properties into receivership, a move intended to reduce some of the headaches...( read more
Foreclosure Pulse
- Wednesday, July 29, 2009
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Foreclosure Spat Brews in Chicago
Foreclosure Spat Brews in Chicago The Wall Street Journal While many banks are taking pains to work out troubled commercial-property loans rather than foreclosing, Bank of America Corp. has lost its patience with a developer who took on a notoriously...( read more
Foreclosure Pulse
- Wednesday, November 18, 2009
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The Legend of Foreclosure Vandalism Grows
The Wall Street Journal is reporting that more and more homeowners forced out of their homes by foreclosure are turning to vandalism to lash out in some tangible way in a situation where they feel powerless. The article claims that "real estate agents estimate that about half of foreclosed properties to be sold by mortgage companies nationwide have substantial damage, according to a new survey by Campbell Communications, a marketing and research firm based in Washington, D.C." Las Vegas is used as a backdrop for the story, not surprising given that the foreclosure rate in Las Vegas consistently ranks among the top 10 metro foreclosure rates, according to RealtyTrac.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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New Heat Maps Look Really Cool!
The story that ran last Friday in the Wall Street Journal’s “Developments” blog featured these new multi-colored foreclosure heat maps developed under a partnership agreement between RealtyTrac and HotPads.com . HotPads has taken RealtyTrac foreclosure data and used it to produce interactive heat maps that allow viewers to zoom in from a view of the whole nation, to a particular state and even drill down to a specific property. Anyone who has checked out this blog on a regular basis should be familiar with the national heat map RealtyTrac produces every month that correlates with the release of its national data for the month.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The $3 Billion Foreclosure Payday
In one year, Paulson made more money than The Donald made in a lifetime, according to the Wall Street Journal . During the last housing slump, Paulson was a foreclosure investor, buying two distressed properties; a New York apartment and a large home in the Hampton on Long Island. Mortgage experts were too caught up” in the housing boom,” Paulson told the Wall Street Journal. “I’ve You may not know who John Paulson is, but you soon will. Last year, Paulson made $3 billion betting on foreclosures .
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Fouls Up Sports Stars
The property has since gone back to the lender as an REO. Canseco bought the property back in April 2005 for almost $2.8 He now lives in a smaller home in an unknown location. As for Sprewell, just last week he lost the home he purchased for $405,000 back in 1994 in the affluent Milwaukee suburb of River Hills to foreclosure, according to the Milwaukee Journal-Sentinel . It’s not just average Americans who are losing their homes to foreclosure these days. Even rich and famous athletes who earned millions of dollars during their careers can be subjected to the
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Celebrity Foreclosures
acre parcel of the property to RGF Holding Corp. for $6,225,000, according to The Wall Street Journal . Now you can own an exclusive and coveted piece of oceanfront property for a mere $27 million. Rich people, it turns out, are just as vulnerable as poor folks to foreclosure. New York Post celebrity real estate columnist Braden Keil today reported that Veronica Hearst, the widow and third wife of Randolph “Randy” A. Hearst, is fighting foreclosure proceedings on her 5.1
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
The homeowner said he was trickedinto signing over the title of his home by a scam artist who didnothing to stop the foreclosure and then took out another loan againstthe property with no intention of paying it off. At the same time, thesteep rise in housing prices over the last few years has created amassive amount of equity in many properties — a tempting target forswindlers. An article in the Los Angeles Times onTuesday documented the sad story of a defaulted homeowner who was thevictim of alleged foreclosure fraud. The article goes on tomake the case that foreclosure fraud
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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A Small Silver Lining in Q1 Foreclosure Storm
in March, spurred by investors taking advantage of low prices on foreclosed properties." moratorium on all foreclosure sales scheduled in April there has now been replaced by a pilot program that delays foreclosure proceedings on owner-occupied properties until the homeowner and lender meet in a "conciliation conference," according to the Philadelphia Business Journal . The 1 in XX number of households is based just on activity that occurred in the first quarter, so it would not 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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Foreclosures Won't Break the Market Next Year
In fact a recent Wall Street Journal Online/Harris Interactive Personal Finance poll revealed that 38 percent of adults have used a “creative or payment option mortgage” in a home purchase in 2006, a 5 percent increase from 2005. This combined with Cagan’s statistics points to more future opportunity awaiting investors, real estate professionals and hopeful home buyers looking to RealtyTrac for bargain foreclosure properties. Posted 10-25-2006 2:00 PM by joelc Filed under: Foreclosure Trends , Real Estate
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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