All Posts Tagged With: "foreclosure"
Why Foreclosure Buybacks Are Wrong
In Detroit they’ve found a “solution” to the foreclosure crisis: Don’t pay your mortgage, don’t pay your taxes, allow the property to be foreclosed, and then buy it back at the tax sale. The Detroit News reports that in the past year “about 200 of nearly 3,700 Detroit properties sold at auction last year that [...]
8Sep2011 | Peter G. Miller | 0 comments | Continued
American Chopper Is Back With Settlement & Foreclosure
After months of waiting, arguing and bidding, after big disputes regarding who had the better bike and how would a war between father and son work out, American Chopper is back and with it confirmation that Pauls Senior and Junior have reached a settlement after two years of legal wrangling. This is good news in [...]
30Aug2011 | Peter G. Miller | 1 comment | Continued
Foreclosure Discount Gets Bigger & Bigger
Buy low and sell high is a traditional real estate investing strategy and with good reason: Unlike the stock market you can’t sell homes short and make a dime. Thus it makes considerable sense to buy property at the lowest possible price and that brings us to RealtyTrac’s foreclosure report for the second quarter: “The [...]
26Aug2011 | Peter G. Miller | 1 comment | Continued
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: Metro Foreclosure Activity Stifled By Paperwork Jam
Foreclosure filings were down 84 percent during the first half of 2011 according to RealtyTrac, a sign that might normally be seen as good news. But as with so much else regarding mortgages and the foreclosure mess, the real story should be cause for concern. RealtyTrac reports that 178 of the nation’s 211 metropolitan areas [...]
28Jul2011 | 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
Work & Foreclosures: Losing Jobs Means Losing Homes
Until the past few years foreclosures were rare. In fact, the Mortgage Bankers Association reports that in March 2005 just .44 percent of all loans were in the foreclosure process, a figure which grew almost seven-fold to 4.43 percent as of the third quarter of 2011. For November 2011 the aation saw 224,394 foreclosure filings according to RealtyTrac.com [...]
25Jun2011 | 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
What Makes American Chopper So Compelling?
At first it seems that one of the most popular shows on television is powered by no more than a family feud, bent metal and a growing real estate empire. But a closer look suggests that American Chopper — the motorcycle-tinged saga of a family business that’s transformed into a winning TV narative — reflects [...]
9Jun2011 | Peter G. Miller | 6 comments | Continued
Maryland Rejects Foreclosure-Free Appraisals — What About Your State?
The Maryland House of Delegates has rejected proposed legislation that would have required appraisers to value real estate without using data from foreclosures or short sales. If enacted, the legislation would have ended all mortgage lending in the state because the higher valuations shown in appraisal reports would not reflect marketplace realities. Moreover, the legislation [...]
2Jun2011 | Peter G. Miller | 0 comments | Continued
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