All Posts Tagged With: "2009"
Foreclosure Filings Rise For 50th Straight Month
Tough weather in many states as well as loan modification programs are believed to have held down foreclosure filings in February, according to the latest report by RealtyTrac®, the leading online marketplace for foreclosure properties. Even so, foreclosure filings for the month included 308,524 default notices, scheduled auctions and bank repossessions nationwide — a total [...]
11Mar2010 | Peter G. Miller | 0 comments | Continued
2009 Metro Foreclosures Show Spreading Problems
The nation’s metro-area foreclosures continue to be concentrated in California, Florida, Nevada and Arizona — but homeowner losses are spreading to other cities as well. On the good side, a number of metro areas show declining foreclosure rates.
Figures for 2009 by RealtyTrac, the leading online marketplace for foreclosure properties, show that of the 20 metro [...]
2009 Home Sales Up, But Values Down
Real estate sales reached nearly 5.2 million in 2009, up 4.9 percent from 2008 according to the National Association of Realtors. The increase was the first annual rise since 2005.
In terms of prices, NAR says for all of 2009, the median price for a single-family existing home was $173,200, down 11.9 percent from 2008. This [...]
Foreclosure Filings Near 4 Million In 2009, Worst Since Depression
With the worst results in recent history, year-end figures from RealtyTrac.com show that 3,957,643 foreclosure filings — default notices, scheduled foreclosure auctions and bank repossessions — were reported on 2,824,674 U.S. properties in 2009. The 2009 total is 21 percent higher than 2008, itself a record year.
The bloated foreclosure numbers are in large measure a [...]
RealtyTrac: Foreclosure Filings Ebb For 4th Month
The latest report from RealtyTrac.com tells us that 306,627 U.S. properties received foreclosure notices in November. This is the fourth month in a row that the total has declined. The November total is “nearly 8 percent from the previous month but still up 18 percent from November 2008. The report also shows one in every [...]
10Dec2009 | Peter G. Miller | 1 comment | Continued
Mortgage Loan Limits — Conventional, FHA, VA
The mortgage loan limits and policies established in 2008 and 2009 will continue through 2010.
There are several types of mortgage loan limits. Generally, most borrowers need to look at conventional, FHA and VA loan limits to see how much can be financed with the most-widely originated loans.
If you borrow at or below the conventional [...]
A Basic Guide To Real Estate, Mortgages & Taxes
Let’s be honest: April 15th is a day of reckoning, the moment when we find out what we really owe for taxes. In households nationwide wallets are drained and many who were rich on the 14th are greatly impoverished by the 16th.
But for those with real estate the load is made lighter by tax rules [...]
Real Estate: Foreclosure Notices Up 32 Percent In July
For the fifth month in a row foreclosure filings topped 300,000 in a single month. In fact, RealtyTrac.com reports that 360,149 U.S. properties received some form of foreclosure notice during July, either a default notice, scheduled auction date or bank repossessions.
The company says that the number of filings was up 32 percent from [...]
Real Estate: Second Quarter Sales Rise, Prices Fall
Existing-home sales in the second quarter showed healthy gains from the first quarter in the vast majority of states, according to the latest survey by the National Association of Realtors. However, prices continued to fall in most markets.
Total state existing-home sales, including single-family and condo, rose 3.8 percent to a seasonally adjusted annual rate of [...]
7.2 Million Foreclosure Filings In The Next Two Years?
It’s usually estimated that there are about 50 million homes in the U.S. with first mortgages, thus it is amazing to consider the loss of homes through foreclosure. The number could top 7 million in the next two years at the rate things are now going — 300,000 per month x 24 months = 7.2 [...]
16Jun2009 | Peter G. Miller | 0 comments | Continued
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