8 Articles match "Los Angeles","Rights","Timing"

• The Best from RealtyTrac

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• Buyers Come Out in Droves For LA Auction
  
  But in the end they were all there for the same purpose — a chance to purchase real estate in Southern California — Los Angeles, Orange and Ventura counties in particular — at a “bargain” price. REDC) drew an estimated 1,800 potential homebuyers and investors to the Los Angeles Convention Center recently in the sort of frenzied buying environment not seen since the boom days of foreclosures of the early 1990s. Some were dressed for business. Others were dressed like they were out for a weekend at the mall.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• 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 scammers dontcreate the foreclosure rates, but they swoop in at the time thatsomeone is in distress," said Elizabeth Renuart, a staff attorney withthe National Consumer Law Center in Boston and the author of "DreamsForeclosed: The Rampant Theft of Americans Homes ThroughEquity-Stripping Foreclosure Rescue Scams." 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.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure Crisis Sparks Surge in Arson
  
  In desperate times people resort to desperate measures. We’ve seen a dramatic increase in this kind of fraud,” Dan Bales, the head of fraud investigations at Mercury Insurance, told the Los Angeles Times . “People People upside-down on their house with variable-interest-rate loans, or upside-down on their cars, are pretty quick to burn their property right now.” Facing foreclosure, some homeowners are setting fire to their homes for the insurance money. But they usually end up with a criminal conviction instead of cash.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Room Enough for a Catnap
  
  Hopefully the right time to pounce on a devastated market, timing the bottom of the market before the turnaround begins. 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. The original report that went out said they were mountain lions, according 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.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• History in Sen. Dodd's Favor, But Nothing Else
  
  time when politicians come out in droves to complain to the American public about pork-barrel spending and the massive red tape involved by increased Washington bureaucracy. As chair of the Senate Banking Committee, Dodd is at least offering up a potential solution to the crisis, taking his lead from the time of the Great Depression some 75 years ago. formed in the 1930s to deal with foreclosures, the It’s a presidential election year. A
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure Fouls Up Sports Stars
  
  Two recent cases in point: record-setting baseball player Jose Canseco , and former NBA star Latrell Sprewell . Canseco, who first came to prominence as a right fielder with the Oakland Athletics back in the 1980s, has decided to walk away from his home in the Los Angeles suburb of Encino, Calif. Recently appearing on the Inside Edition television show, the one-time American League Rookie of the Year — who went on to establish batting records in many categories during his storied career — said much of the money he made as a ball player went to supporting
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• 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. This is the first time that both indexes have dropped by double-digits concurrently, the AP reported. 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
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• As Home Prices Plummet, When Will You Buy?
  
  percent decline and Los Angeles with a 26.2 Does this make it a good time to buy real estate? quot;I think this time residential housing is in the 100-year flood, and I think it's going to take a long time to recover," said David Shulman, senior economist at the UCLA Anderson Forecast , at the Zelman & Associates Housing Summit in Dallas on Sept. 262 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 S&P/Case-Shiller Home Price Index
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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