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27 Articles match "News","Rights"
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The Latest from RealtyTrac
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No Mortgage Meltdown For These Banks
Miller The news from Wall Street in recent weeks has not been good, especially in the world of mortgages. It’s a financial instrument that may be right for some, but it wasn’t meant to be the mass merchandised product it became.” Higgins points out that “ING DIRECT has kept every loan it has originated. To some this will be seen as the erosion of the American dream, the idea that homeownership is No Mortgage Meltdown For These Banks By Peter G. Famous lenders with once-fabulous finances are turning up in the headlines among
www.realtytrac.com
- Tuesday, February 3, 2009
Secrets of Pre-Foreclosure Investing
I had to break the bad news to the husband when he got home from work. One of the most notable contractual provisions of the California law is that the seller, among other things, has a five-day right to cancel the purchase agreement. If the contract and the sale are not done according to the law, the seller has the right to rescind the sale and could, long after the sale, sue to have the sale reversed. 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.
www.realtytrac.com
- Tuesday, February 3, 2009
Can "Appreciation Sharing" Solve The Mortgage Mess?
Right now the subprime and the ALT-A markets are frozen. In June the headline from a Mortgage Bankers Association news release said that “Delinquencies and Foreclosures Increase in Latest MBA National Delinquency Survey.” Can “Appreciation Sharing” Solve The Mortgage Mess? By Peter G. Miller We’re about to see something new in the mortgage marketplace: The government is going to insure huge numbers of shared-appreciation mortgages, a type of home financing rarely seen in the U.S.
www.realtytrac.com
- Tuesday, February 3, 2009
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Rate Cut, Real GDP Are Some Positive News
One day after President Bush pointed the finger at Congress and told the American public to blame lawmakers for all of their recent financial woes, an inkling of actual positive news came out of Washington Wednesday with two announcements from government agencies. Generally speaking, both announcements are signs that something positive is being done to keep the nation’s economy moving forward, although it seems to be at a snail’s pace right now. In the first, and the more closely watched of the two, the Federal Reserve took a much anticipated move to lessen the pressure on the nation’s economy by lowering the federal funds rate another 25 basis points to 2 percent (that’s a long way down from the 5.25
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Subprime Market Sinking Further Into the Abyss
which was being courted for a buyout by Credit Suisse Group, is now being sold to Citadel Investment Group LLC, which won the right to purchase the lending institution for $180 million in a last minute auction, according to Bloomberg News . This latest news comes right on the heels of a joint request by federal regulators Friday for comments on proposed tightening regulations for the subprime mortgage lending industry. The latest developments in the subprime lending market should have the entire real estate industry up in arms (figuratively and literally). The problem
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Miami Blogger Sparks $25 Million Lawsuit
Developer Tibor Hollo filed a defamation lawsuit against Miami real estate agent Lucas Lechuga, who claimed in his popular blog — Miami Condo Investments — that Hollo went bankrupt in the 1980s and that one of his current South Florida developments could be headed for bankruptcy, according to Inman News. “My He called the postings “plain, unadulterated lies.” ForeclosurePulse Bloggers: Does the threat of lawsuits endanger the First Amendment rights of Internet bloggers or does a developer have the right to sue whoever they feel has defamed them?
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Local Market Perspective: Dallas, Texas
Just remember BAD news sells papers and good homes find good buyers. Sellers better price your home right and they better be move-in ready for the buyer. What a great time to buy! Yes, I know you have heard all the nasty media hype. Do you have a good home?
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Buyers Come Out in Droves For LA Auction
Thanks to aggressive advertising all over the region and ample coverage on local news programs, the Real Estate Disposition Corp. (REDC) They are sending them right to auction,” said Rob Friedman, chairman of REDC. “Sellers This is the first time since the 1990s that Friedman has felt the market is right to bring back his auction company. 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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Avoid and Stop Foreclosure - Help at RealtyTrac
Defaulting to state real estate data. Loading... Find out the value of your home LOAN TYPE TODAY +/- LAST WEEK 1 Yr ARM, natl avg 4.92% 4.90% 5/1 Yr ARM, natl avg 5.26% 5.36% 15 Yr FRM, natl avg 4.92% 4.74% 30 Yr FRM, natl avg 5.25% 5.06% Compare Mortgage Rates
www.realtytrac.com
- Tuesday, February 3, 2009
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Ohio Lawmaker Seeks Solution to Foreclosure Level
And for subscribers to RealtyTrac — albeit investors, real estate agents or potential homebuyers — Ohio is a land of opportunity right now. Mortgage delinquencies continue to rise, the number of single-family permits are declining, the rate of home price appreciation is below the national average, and the state’s median home price declined in Q1, although home sales were up 6 percent for the quarter One news report on the outcome of the meeting has witnesses placing blame squarely on easy lending practices, which is the same story heard in many states around the country right now.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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For Sale - REO Houses and Bank-Owned Properties - RealtyTrac
MSN, HomeGain, AT&T, Forbes, Fox News and many more well respected websites. Are you new to Foreclosure Homes? Get a quick foreclosure overview . The perfect foreclosure property could be waiting for you right around the corner! Visit Foreclosure Center Visit our Foreclosure Center to read more detailed information about foreclosures. Get a List of REO Homes Now! REO House and Properties For Sale Search Properties | Free 7-Day Trial Search nearly 650,000 Foreclosure and Bank-Owned properties.
www.realtytrac.com
- Tuesday, February 3, 2009
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Too Soon For a Comeback
Although industry analysts were anticipating this monthly decline, according to Mortgage News Daily . While everyone is worrying what the Federal Reserve is going to do next to try and stabilize the economy and keep it from falling deeper into recession, a slight bit of good news also came out this week with the announcement that home prices rose 0.6 There will be plenty of time and a large selection of properties to choose from when deciding which ones are in the right At present it does not appear that there is enough evidence yet to declare that a market comeback is in the offing.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Stumbling Subprimes Spell Opportunity
Wells Fargo, the biggest originator of subprime loans, according to National Mortgage News , announced this week that they would be cutting 320 jobs in their subprime mortgage division because of tighter lending standards. Many investors and buyers are eyeing the market, not sure if now is the right time to enter. The subprime mortgage industry is stumbling under a heavy burden of defaults, watching profits dwindle as lenders are forced to buy back loans that have turned sour. This bottom-line reality is forcing many lenders to tighten their lending requirements.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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