All Posts Tagged With: "foreclosure"
1 in 5 Home Sales Distressed, Foreclosed or Bank Owned, Says RealtyTrac
For the third quarter of 2011 RealtyTrac reports that 20 percent of all existing home sales were bank owned or being foreclosed. This is down from 30 percent of all sales in the third quarter of 2010. The latest RealtyTrac figures might be seen as good news were it not for the glum reality which makes [...]
26Jan2012 | Peter G. Miller | 0 comments | Continued
Should Mortgage Robo-Signers Go To Jail?
John O’Brien is a Register of Deeds based in Salem, Massachusetts. Instead of burning witches, O’Brien believes we should investigate the people who created the notes and documents that have now destabilized the entire property records system. He also believes those who are guilty of criminal conduct should go to jail and not merely face [...]
23Jan2012 | Peter G. Miller | 1 comment | Continued
Foreclosure Filings Off Nearly 30%, RealtyTrac
On paper at least foreclosure filings fell nearly 30 percent in 2011 according to year-end figures from RealtyTrac, the nation’s leading source of foreclosure listings and data. But the new numbers tell only part of the story. What they really demonstrate is that millions of homes remain distressed and that the foreclosure process itself continues [...]
12Jan2012 | Peter G. Miller | 0 comments | Continued
American Chopper’s Paul Sr. To Join Trump’s Celebrity Apprentice
American Chopper’s Paul Teutul, Sr. will join the 2012 cast of Donald Trump’s Celebrity Apprentice, according to an announcement from NBC Entertainment. This, as the expression goes, should be interesting. Teutul is likely to be a strong competitor because — whether a fan or not — he’s an actual, real-life entrepreneur, someone who started with [...]
9Jan2012 | Peter G. Miller | 1 comment | Continued
Happy New Year: Corporate Profits Up, Taxes Down
If you’re looking for hard economic news, this year-end mindbender from the Bureau of Economic Analysis ought to do the trick: corporate profits surged in the third quarter while corporate taxes fell. And more hard news: on average folks who work in financial services make 52 percent more than you do. “Corporate profits with inventory [...]
27Dec2011 | Peter G. Miller | 0 comments | Continued
RealtyTrac: Foreclosure Activity Slumps 14% — But Rise Likely In 2012
Foreclosure filings in November fell 14% when compared with last year according to the latest Realtytrac survey. Foreclosure filings include default notices, scheduled auctions and bank repossessions. In total, 224,394 homes received foreclosure filings. The filing decline may seem like good news and surely it’s a welcome relief for many families, however behind the lower [...]
15Dec2011 | Peter G. Miller | 0 comments | Continued
Public to Politicians: End Foreclosure Mess
Candidates running for office in 2012 had better put their housing game on the table. From tiny towns to the national electorate, voters have been clear about who they want in office — elected officials who see housing as an economic cornerstone critical to recovery. More than 80 percent of Americans believe housing is critical [...]
13Dec2011 | Broderick Perkins | 1 comment | Continued
American Chopper Vs. Jesse James: Who Really Wins?
The stage is set for the most-publicized motorcycle build-off in recent memory. The two-night battle to be shown live from the Hard Rock Cafe in Las Vegas will feature three well-televised bike builders, Paul Teutul Sr. with Orange County Chopper, Paul Teutul, Jr. from PJD designs and Jessie James, the once-host of Discovery’s Monster Garage [...]
28Nov2011 | Peter G. Miller | 19 comments | Continued
October Foreclosure Activity Down 31 percent, Says RealtyTrac
Foreclosure activity remains hounded by robo-signing disputes. The result is that October foreclosure filings were down 31 percent when compared with a year ago according to RealtyTrac, the leading online marketplace for foreclosures. The company said that foreclosure filings for October — default notices, scheduled auctions and bank repossessions – were reported on 230,678 U.S. properties in October, [...]
10Nov2011 | Peter G. Miller | 0 comments | Continued
Who Pays Foreclosure Property Taxes?
When you purchase a foreclosed property, are you responsible for back taxes? The general answer largely depends on when you buy the property. “If the property was foreclosed and possessed by the bank, the bank will have to pay the back taxes to sell the property with clear title,” says RealtyTrac spokesman Daren Blomquist. “However, [...]
8Nov2011 | Peter G. Miller | 0 comments | Continued
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