All Posts Tagged With: "foreclosure"
Foreclosed Homes for Less Than $100,000
The latest quarterly figures are in and it’s not great news on the real estate front: According to RealtyTrac, distressed real estate accounts for 28 percent of all existing home sales in the first quarter. No less important, the typical foreclosure discount was 27 percent lower than homes not in foreclosure. Combine falling home prices [...]
27May2011 | Peter G. Miller | 1 comment | Continued
Is it good not to pay your mortgage loan?
Is it a good thing if you don’t pay your mortgage? The usual answer is a fat “no” after which comes a discussion of foreclosures, diving credit scores, ugly credit reports, deficiency judgments, loan denials and higher interest costs for mortgage loans and automobile financing. And yet there’s a strange and somewhat logical theory floating [...]
25May2011 | Peter G. Miller | 1 comment | Continued
Good To Be Rich, Millionaire Wealth To Double In Next Decade
Millionaires are going to do pretty well in the next decade. According to a report from the Deloitte Center for Financial Services, the total wealth of millionaire households in 25 major economies is likely to grow from $92 trillion in 2011 to $202 trillion in 2020. The fate of millionaires, of course, is a major [...]
16May2011 | 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
How To RAISE Social Security Benefits Now
Social Security is much in the news with claims that it’s going bankrupt and cries that benefits must be cut. But that isn’t the case, in fact if everyone simply paid their fair share of the costs — if bosses paid as much of their income as their workers — benefits could be maintained or [...]
5Apr2011 | Peter G. Miller | 19 comments | Continued
4 States Consider Use Of Faked Appraisals
It’s amazing. If you don’t like appraisal results, if you want home prices to be higher, then just change appraisal rules. That’s the theory behind a new legislative drive now taking place in several states. The Appraisal Institute reports that “four states — Illinois, Maryland, Missouri and Nevada — are considering legislation that would prohibit [...]
31Mar2011 | Peter G. Miller | 13 comments | Continued
Can Bi-Weekly Loans Stop Mortgage Foreclosures?
If you have a bi-weekly mortgage will your payments be more in line with your paycheck, thus lowering your costs and reducing the chance for foreclosure? Imagine that a household has two wage-earners who take in $100,000 per year. Lenders allow them to finance with monthly payments equal to 31 percent of their income or [...]
28Mar2011 | 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
Struggling VA mortgage borrowers get cash relocation assistance
Veterans who lose their homes to a short sale or a deed-in-lieu of foreclosure can receive up to $1,500 in relocation assistance. The VA has for years encouraged mortgage servicers to work with veterans on the edge of default. Now, the agency has directed its approved servicers to provide that cash advance to borrowers who use [...]
19Jan2011 | Chris Birk | 0 comments | Continued
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