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25 Articles match "May","Sales","Short Sales"
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The Latest from RealtyTrac
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Bank Insurance Fund Down 20 Percent in 2Q
Those Who Lose Homes May Face State Tax Hit August 25, 2009, San Francisco Chronicle Californians who lose their homes in a foreclosure, short-sale or deed in lieu of foreclosure this year could be hit with a state income tax on canceled or forgiven debt...( read more )
...Tags: Tags: foreclosure rates foreclosures FDI
Foreclosure Pulse
- Thursday, August 27, 2009
Secrets of Pre-Foreclosure Investing
Secrets of Pre-Foreclosure Investing By Octavio Nuiry, RealtyTrac Staff Writer One pre-foreclosure expert says a new federal law will change everything, and short sales and short payoff sales will become the new trend in the marketplace. It’s going to make short sales more appealing to investors.” Another claims that developing a series of “systems” in your business is the key to success. A third warns that accurate data and timely information is essential to survive.
www.realtytrac.com
- Tuesday, February 3, 2009
Stop Home Foreclosure
Your lender may agree to accept the sale as total satisfaction of your mortgage obligation even if the proceeds of the sale are less than the amount that you actually owe. This is called a short sale. The "as is” appraised value and the sale price should be least 70 percent to 80 percent of the unpaid principal balance of the home. How to Sell Your House Quickly When Facing Foreclosure By LaTonya S. Johnson If you are currently in foreclosure, strongly consider selling your property as a backup plan.
www.realtytrac.com
- Tuesday, February 3, 2009
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The Best from RealtyTrac
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Short Sales for Real Estate Agents - RealtyTrac
Short Sales for Real Estate Agents Search Properties | Free 7-Day Trial Every time the real estate cycle takes a dive two types of real estate agents seem to emerge: the traditionalist who is satisfied working the business the way it’s always been done; and the progressive who believes that being creative and accepting change is an important factor for remaining in the home buying game. Don’t Sell Yourself Short Which
www.realtytrac.com
- Tuesday, February 3, 2009
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How a Short Sale Can Stop Foreclosure, Short Selling Bank Foreclosures - RealtyTrac
Million Foreclosures
www.realtytrac.com
- Tuesday, February 3, 2009
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New Tax Law Spurs More Short Sales, Expert Says
For real estate investors looking for pre-foreclosure bargains, a new federal law could unleash a torrent of short sales as struggling borrowers facing foreclosure unload their over-mortgaged homes to avoid huge tax bills on capital gains. HR 3648 , or the Mortgage Forgiveness Debt Relief Act, signed by President George W. Lucier , means more struggling borrowers will consider selling their homes to investors through short sales. Bush on Dec. 20, helps people whose homes are in foreclosure by canceling taxes on any mortgage debt that has been forgiven by their lender.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Tips for Buying Short Sales from the Lender
With more and more sellers unloading their homes for less than what they owe on their mortgages, now is a good time for investors to start negotiating “short sales” with lenders . Next, when you talk with the lender's loss mitigator, you'll want to find out three things: • Will the lender agree to a short sale; • What additional information they'll need to complete the process; • Request the “payoff quote schedule,” which is what the lender thinks they are owed. Real estate investors can find good deals as long as you are aware of the extra time and work required to make it happen.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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New York Foreclosure Laws
New York foreclosures can take up to 15 months, which is longer than most other states. Compare All State Foreclosure Laws New York Overview Judicial Non-Judicial Process Period Sale Publication Redemption Period Sale/NTS Yes No 445 Days NA None Court Comments: Judicial Foreclosures
www.realtytrac.com
- Tuesday, February 3, 2009
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Bank Insurance Fund Down 20 Percent in 2Q
Those Who Lose Homes May Face State Tax Hit August 25, 2009, San Francisco Chronicle Californians who lose their homes in a foreclosure, short-sale or deed in lieu of foreclosure this year could be hit with a state income tax on canceled or forgiven debt...( read more )
...Tags: Tags: foreclosure rates foreclosures FDI
Foreclosure Pulse
- Thursday, August 27, 2009
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Foreclosures and Home Price Appreciation
While some may disagree whether foreclosures beget slowing home price appreciation or vice versa (its probably both), theres no doubt that the two are closely related. Were hearing similar stories of more short sales from across the country, and we would expect short sales to continue to be popular given the passage of the new federal bill that eliminates taxes on forgiven mortgage deb Take a look at this chart based on RealtyTracs foreclosure statistics and the Office of Federal Housing Enterprise Oversights House Price Index . Posted 01-10-2008 7:59 AM by darenb Filed under: Foreclosure Trends , Real Estate Trends Comments
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Deed in Lieu of Foreclosure - a Way Out of Foreclosure - RealtyTrac
Short of filing for bankruptcy (which only delays the inevitable, and does not STOP foreclosure in its tracks), sometimes your lender just isn’t willing to negotiate a loan workout or accept a short sale (agreeing to take less money on the sale of your property than the balance due on their underlying mortgage). However, should you find yourself in this situation where there may be a deficiency judgment involved, the best thing to do is to consult with a real estate attorney about possible options. Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
www.realtytrac.com
- Tuesday, February 3, 2009
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Latest Reports Sending Out Mixed Signals
The other report, released by the National Association of Realtors , reported that pending sales of existing homes were down 1.9 Yet, in the NAR announcement, chief economist Lawrence Yun states his belief that existing home sales will see little change over the next few months before making a notable improvement during the second half of 2008. “The The slip in pending home sales implies we’re not out of the woods yet, though an era of successive Two reports came out Tuesday that are prime examples of conflicting opinions and the confusion they can cause the average consumer or investor when it comes to assessing the state of the economy.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Local Market Perspective: Lake Havasu, Ariz.
In May 2008, there were 272 new listings, down 1.5 percent from May 2007. There were 134 sold listings in May 2008, down 15.52 percent from May 2007. I am seeing a rise in foreclosures and short sales far higher than May of 2007. With a population of fewer than 55,000, the Lake Havasu, Ariz., real estate market is still declining.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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