All Posts Tagged With: "California"
Distressed Homes Selling at 32% Discount
If you want to pay less for a home then look for distressed property, the homes which are facing foreclosure or will be foreclosed. Why? They’re selling nationwide with a 32-percent mark-down. Such properties can be found. If you’re buying a home in the U.S. the odds are 3 in 1 that the property you [...]
25Aug2011 | Peter G. Miller | 0 comments | Continued
RealtyTrac — Foreclosure Filings Dive 29%. Is Housing Back?
If we go by the numbers there’s good news on the foreclosure front. Okay, there’s relatively good news on the foreclosure front. Er, well, foreclosure activity is “better” in the sense of current numbers but we should be awfully concerned with what the numbers do not say. RealtyTrac reports that foreclosure activity in the first [...]
14Jul2011 | Peter G. Miller | 0 comments | Continued
RealtyTrac: Foreclosure Activity Down For Eighth Month
For the eighth month in a row foreclosure activity has fallen on an annualized basis. The numbers for May, according to RealtyTrac, show that foreclosure filings — default notices, scheduled auctions and bank repossessions — were down 2 percent compared to April and 33 percent lower than a year ago. The catch? Well there are a [...]
16Jun2011 | Peter G. Miller | 0 comments | Continued
Foreclosure Activity Down For 7th Month, Now Average 400 Days To Complete
Foreclosure filings were down again in April, but not because of an improved economy or a recovering housing market. Once more the issue is improper paperwork, apparently on a scale never before seen, and the result is not only fewer foreclosures but far longer foreclosure delays. RealtyTrac reports that April foreclosure filings — default notices, [...]
12May2011 | Peter G. Miller | 0 comments | Continued
Foreclosure filings fall, hit false bottom
Foreclosure filings in February dropped to the lowest level seen in three years according to RealtyTrac, the biggest year-over-year decrease since the company began issuing its report in 2005. The report also shows one in every 577 U.S. housing units with a foreclosure filing during the month RealtyTrac reported that foreclosure filings for February — default [...]
10Mar2011 | Peter G. Miller | 2 comments | Continued
Real Estate Seer: Renting In, Mortgages & Foreclosures Out
In the decades since World War II real estate prices rose with enormous consistency but now the oomph is gone. Most people are better off renting than owning, says Patrick Killelea. For him, and for millions of others, the path to financial security no longer includes real estate ownership, mortgages or the possibility of foreclosure. [...]
15Feb2011 | Peter G. Miller | 10 comments | Continued
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
What are foreclosure brokers?
It used to be that foreclosures were rare events. About .5 percent of all home loans were foreclosed in a year, a figure which reached 4.58 percent in the fourth quarter of 2009 according to the Mortgage Bankers Association. The huge foreclosure surge has not happened everywhere — some areas have seen vastly more foreclosures [...]
2Mar2010 | Peter G. Miller | 0 comments | Continued
Mortgage Modifications: California Says “Prove It”
You see a lot of claims regarding the success of loan modification programs. There’s a ready market for such services because more than 300,000 borrowers per month are now receiving foreclosure notices according to RealtyTrac.com. If you were going to lose your home you’s be interested also. The problem, of course, is that very few [...]
20Aug2009 | Peter G. Miller | 0 comments | Continued
Foreclosures: Metro Home Losses Up Nearly 15 Percent
Big cities in the sun belt from Florida to California lead the nation in foreclosures, according to the latest statistics released by RealtyTrac.com, the leading online marketplace for foreclosure properties. The company’s Midyear 2009 Metropolitan Foreclosure Market Report shows that “cities in California, Florida, Nevada and Arizona continued to document the nation Technorati Tags: California, [...]
30Jul2009 | Peter G. Miller | 0 comments | Continued
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