8 Articles match "Los Angeles","Properties","Rate"

• The Best from RealtyTrac

  MORE

• Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
  
  An article in the Los Angeles Times onTuesday documented the sad story of a defaulted homeowner who was thevictim of alleged foreclosure fraud. 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. The scammers dontcreate the foreclosure rates, but they swoop The article goes on tomake the case that foreclosure fraud crime is on the rise. It is a crime thatconsumer advocates fear could become increasingly
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Foreclosure Crisis Sparks Surge in Arson
  
  In Massachusetts , there’s a growing concern that foreclosure arson is becoming a problem around the state as more and more properties are abandoned. In Colorado , a homeowner was convicted for setting his home on fire to prevent the lender from repossessing the property. “We’ve We’ve seen a dramatic increase in this kind of fraud,” Dan Bales, the head of fraud investigations at Mercury Insurance, told the Los In desperate times people resort to desperate measures. Facing foreclosure, some homeowners are setting fire to their homes for the insurance money.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Fed's Latest Moves No Real Surprise
  
  Financial analysts who were hoping for some downward movement on interest rates yesterday by the Federal Reserve were disappointed as Ben Bernanke and his merry band unanimously voted to do nothing. Following what is now a familiar and conservative wait-and-see strategy towards the nation’s economy, and reactionary as usual, Bernanke and the Federal Open Market Committee left their short-term federal funds rate at 2 percent. Later in the day the Fed made what had to be a highly anticipated move by the nation’s financial gurus, deciding to bailout AIG at the 11th hour before the world’s largest insurance company went bankrupt.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Foreclosures Fade in World Series Spotlight
  
  The Tigers have given local fans a chance to momentarily forget about another dubious distinction: that they reside in a city with one of the highest foreclosure rates in the nation . Detroit’s Wayne County reported 4,190 properties entering foreclosure in September, the second most only behind Chicago’s Cook County (whose fans didn’t have any team to cheer in the playoffs this year). The Detroit Tigers are the feel-good story of this year’s World Series, having made it to baseball’s big dance only three years after posting 119 losses — one of the worst records in history. The
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• California Tops PMI's Risk Index
  
  Rounding out the top 10 with their scores were: Nassau-Suffolk, NY (601); Riverside-San Bernardino-Ontario, CA (600); Los Angeles-Long Beach-Glendale, CA (597); Boston-Quincy, MA (595); Providence-New Bedford-Fall River, RI-MA (595); and San Jose-Sunnyvale-Santa Clara, CA (592). However, economic fundamentals are strong in most of the 50 MSAs studied — particularly due to historically low unemployment rates and strong job growth — leading PMI to conclude that the severity of the price declines in most metros will be somewhat mitigated. Seven out of the 10 riskiest housing markets in the nation for home price deflation over the next two years are located in California, according to the Winter 2007 PMI U.S.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Coastal Disasters = More Foreclosures?
  
  It doesn’t matter if you’re living in Florida or California — coastal property is expensive and so are the insurance premiums that go with them. Back in 1994 something called “The Northridge Earthquake” (misnamed as it was) shook Los Angeles at 4:31 a.m. Florida had 124,721 foreclosures last year — a 2 percent increase from 2005, and a foreclosure rate of one new filing for every 59 households. For anyone who has lived through a natural disaster, the recent tornadoes in Central Florida and the horrific aftermath left behind — approximately 1,500 structures destroyed and 20 people killed — brings back memories of more than just the great need for disaster relief from the federal government (FEMA).
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Economic Indicators: Image Is Everything
  
  What does all this mean to anyone looking to the nation’s foreclosure market for a home purchase? It means that there has never been a better time in recent history to get off the fence and buy that primary residence or investment property you’ve been waiting for. the city with the nation’s highest foreclosure rate in February, according to RealtyTrac. When it comes to purchasing real estate — either as a primary residence or as an investment — perception is everything. When reports of telltale economic indicators are released, if Wall Street perceives them as bad, the market
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• As Home Prices Plummet, When Will You Buy?
  
  quot;There are signs of a slow down in the rate of decline across the metro areas, but no evidence of a bottom," said David M. percent decline and Los Angeles with a 26.2 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 Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE