10 Articles match "July","Properties","Real Estate"

• The Best from RealtyTrac

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• July Foreclosure Report
  
  foreclosure activity in July increased 8 percent from the previous month and 55 percent from July 2007, according to the RealtyTrac Foreclosure Market Report released today. View state-by-state details . That is in contrast to REOs accounting for just 16 percent of all activity in July 2007, while defaults in July 2007 were still at 41 percent and auction notices were at 43 percent. U.S. Bank Repossessions (REOs) accounted for 28 percent of all activity during the month, while defaults accounted for 41 percent and auction notices accounted for 31 percent.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• FDIC Selling Off Detroit Inventory
  
  So it’s no wonder that it has no time to play nursemaid to a bunch of foreclosed real estate in foreclosure-laden Detroit, Mich. to auction off 83 properties ranging in values from as low as $2,500 up to a home in the Grosse Pointe area that was recently listed for $1.3 The property mix will include single-family, duplex, triplex and commercial properties plus land. The Federal Deposit Insurance Corp. is having no trouble keeping busy these days.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Room Enough for a Catnap
  
  In this lackluster real estate market potential homebuyers have been sitting on the fence, observing from the sidelines as the number of foreclosures keeps going up and home prices keep plummeting. Well, for one family it was the right time, an attractive property, and so they came off the fence and pounced at the opportunity of occupying a foreclosed property — quite literally, given that it’s a family of bobcats. What are they waiting for? Hopefully the right time to pounce on a devastated market, timing the bottom of the market before the turnaround
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• MBA Numbers Mirror RealtyTrac Data:
  
  percent from July through September. More than 120,334 properties nationwide entered some stage of foreclosure in November, an increase of 4.1 Please feel free to comment on this article, or write an e-mail to us at: editor@foreclosurepulse.com . Posted 12-14-2006 9:22 AM by Octavion Filed under: Foreclosure Trends , Real Estate Trends , MB The number of delinquent mortgage payments and foreclosures jumped in recent months, according to a new survey released today by the Mortgage Bankers Association .
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• New Illinois Housing Law Draws 2nd Suit
  
  The suits — filed by eight consumers and the real estate community — seek to halt the implementation of Illinois House Bill 4050, which took effect September 1. "It's a discriminatory law," said Julie Santos, a Chicago Realtor and co-chair of the Coalition to Rescind HB 4050, a group formed from several community organizations who are collecting signatures in an attempt to repeal the law. "If quot; The mortgage counseling law is generating a rising chorus of critics — from homeowners, lenders, realtors, investors, consumer rights advocates, title companies
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• The $3 Billion Foreclosure Payday
  
  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. In July 2006, the ABX index began with a value of 100, but it soon fell to 60 and Paulson’s profits began to pile up. And things are looking even better in 2008 for the doomsday trading titan as real estate prices tumble and foreclosures spread 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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• 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 . Foreclosure sales originally scheduled for April and May will be postponed until at least July. 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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• 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 This is really just the gearing up for the real race which will most likely get intense in earnest after the first of the year. Investors, real estate professionals 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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• OTS Director Offers Alternative Plan to Congress
  
  Under the FHA Housing Stabilization and Homeownership Retention Act of 2008 (the HSHR Act), the FHA proposes to guarantee up to $300 billion in new mortgages to refinance existing eligible mortgages originated between January 1, 2005 and July 1, 2007, the report notes. Loan-to-value ratio cannot exceed 90 percent of the current fair market value of the property, and FHA is requiring a 5 percent fee payable to it at the time of origination, PLUS an exit premium payable at the time the property is either sold or refinanced. In a statement delivered before the Committee on Financial Services of the U.S.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• As Home Prices Plummet, When Will You Buy?
  
  Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from their peak in July 2006. "There percent from July 2007, the smallest annual decline among the 20 cities tracked in the report, followed by Dallas, which reported a 2.5 Does this make it a good time to buy real estate? percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today. Prices in those metro areas were down 19.5
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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