All Posts Tagged With: "Nevada"
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
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
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
The Real Foreclosure Crisis: Who Owns The Mortgages?
For all the headlines given to foreclosure affidavits and robo-signing virtually no one has mentioned the real point, the idea that the affidavits themselves may not prove loan ownership regardless of how they were signed. For several years foreclosure defense attorneys have been telling anyone who would listen that the entire foreclosure process is flawed [...]
11Oct2010 | Peter G. Miller | 9 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
Delinquencies Up For The Ninth Quarter In A Row
For the ninth quarter in a row, TransUnion.com is reporting that mortgage delinquencies continue to rise. Using data taken from 27 million anonymous, randomly sampled, individual credit reports, the company says 5.22 percent of all mortgage borrowers in the first quarter were at least 60 days late. A year ago the figure was 3.22 percent. [...]
17Jun2009 | Peter G. Miller | 2 comments | Continued
Worst on Record: 2.3 Million Homes Faced Foreclosure In 2008
It was no illusion — 2009 really was as bad as it seemed, the worse year on record for foreclosures since the Depression. Year-end figures from RealtyTrac.com show that 3,157,806 foreclosure filings — default notices, auction sale notices and bank repossessions — were sent out. Because some properties get multiple notices, and because some owners [...]
15Jan2009 | Peter G. Miller | 1 comment | Continued
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