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11 Metros with 50% Foreclosure Discounts
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By Daren Blomquist, RealtyTrac Vice President | Fri, 27 Jan 2012 08:00:00 GMT | |
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If you’re looking to save big on a foreclosure purchase, you should consider buying in one of these 11 towns where foreclosure homes on average sold for at least a 50 percent discount in Q3 2011.
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The Road to Flipping 1,000 Homes
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By Doug Clark of Spike TV's "Flip Men" | Thu, 26 Jan 2012 08:00:00 GMT | |
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I have always been a bit of a gambler and come from an entrepreneurial upbringing; a childhood friend in the mortgage business asked me to head down to a local foreclosure auction and meet Mike Baird.
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YouWalkAway CEO: Strategic Default “Only Choice” for Some
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By Octavio Nuiry, Staff Writer | Wed, 18 Jan 2012 08:00:00 GMT | |
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Strategic defaults are on the rise, writes Jon Maddux, CEO of YouWalkAway in the December 2011 issue of the Foreclosure News Report, a monthly newsletter published by RealtyTrac.
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2011 Year-End Foreclosure Report: Foreclosures on the Retreat
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By RealtyTrac Staff | Mon, 09 Jan 2012 08:00:00 GMT | |
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Foreclosure filings were reported on 1,887,777 U.S. properties in 2011, a decrease of 34 percent in total properties from 2010. Foreclosure activity in 2011 was the lowest since 2007.
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Video: Find Foreclosure Trends in Your Neighborhood
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By RealtyTrac Staff | Thu, 05 Jan 2012 08:00:00 GMT | |
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RealtyTrac Stats & Trends allows you to see current and historical foreclosure activity displayed in colorful charts, graphs and heat maps for any state, county, city or ZIP code nationwide.
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Exclusive Report: Emerging Foreclosure Trends for 2012
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By Daren Blomquist, RealtyTrac Director of Marketing Communications | Thu, 05 Jan 2012 08:00:00 GMT | |
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There was an abundance of good news on the foreclosure front in 2011 that might portend a rosy outlook for 2012. But the housing market has not completely escaped the clutches of the foreclosure crisis.
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Why We Need More Real Estate Investors
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By Peter G. Miller | Tue, 20 Dec 2011 08:00:00 GMT | |
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Investors did it. According to the Federal Reserve Bank of New York, real estate investors had an outsized role in the collapse of the mortgage marketplace and the national economy.
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Will Washington Dump Foreclosure Prevention Efforts
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By Peter G. Miller | Fri, 16 Dec 2011 08:00:00 GMT | |
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It sure didn't take long to raise FHA loan limits. The lower limits went into effect October 1st but were gone by mid-November. Now you can get an FHA loan for as much as $729,750 instead of just $625,500
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Will The Occupy Wall Street Movement Impact Foreclosures
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By Peter G. Miller | Thu, 15 Dec 2011 08:00:00 GMT | |
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In the 1960s protests against the war in Vietnam and racial segregation were on the news almost every night, a tradition which is now back with the Occupy movement and Bank Transfer Day (November 5th).
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Scheduled Foreclosure Auctions At 9-Month High as New Foreclosure Wave Builds
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By RealtyTrac Staff | Wed, 14 Dec 2011 08:00:00 GMT | |
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Foreclosure filings were reported on 224,394 U.S. properties in November, a 3 percent decrease from the previous month and a 14 percent decrease from November 2010.
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Would A New Homestead Act Reduce Foreclosures
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By Peter G. Miller | Mon, 12 Dec 2011 08:00:00 GMT | |
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It was back in 1862 in the midst of the Civil War that the government passed the first Homestead Act, legislation that would give pioneers 160 acres if they settled west of the Mississippi.
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Why Lenders Have Begun To Accept Foreclosure Write-Offs
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By Peter G. Miller | Thu, 08 Dec 2011 08:00:00 GMT | |
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The term "cramdown" used to be a dirty word in real estate, an expression meaning that a court would change loan terms — and not in a way that lenders liked.
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Will "Frivolous" Lawsuits Doom Big Lenders
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By Peter G. Miller | Mon, 05 Dec 2011 08:00:00 GMT | |
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Just when you thought things could not possibly get worse a new worry is emerging on the housing front: Is the FHA going to demand billions in paybacks from weary lenders and servicers?
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Bank Deal Needed To Solve Foreclosure Crisis
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By Peter G. Miller | Thu, 01 Dec 2011 08:00:00 GMT | |
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Scientists keep finding new celestial objects when searching through outer space, but the biggest black hole is fairly local, the much-hyped effort to resolve claims by 50 state attorney generals relating to mortgages, robo-signing and securities dis
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Video: Find Foreclosures with Favorable Financing
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By RealtyTrac Staff | Mon, 28 Nov 2011 08:00:00 GMT | |
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This video demonstrates how to find government-owned foreclosures on RealtyTrac that often come with favorable financing terms for buyers -- both owner-occupants and investors.
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Four Foreclosure Financing Myths
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By Peter G. Miller and Daren Blomquist | Mon, 28 Nov 2011 08:00:00 GMT | |
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Why bother to buy real estate when you can't get financing? Well, maybe tales of mortgage woes are exaggerated. Or, maybe they're not true at all.
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U.S. Foreclosure Activity Hits 7-Month High in October
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By RealtyTrac Staff | Wed, 09 Nov 2011 08:00:00 GMT | |
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Foreclosure filings were reported on 230,678 U.S. properties in October, a 7 percent increase from the previous month, but still down nearly 31 percent from October 2010.
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Slideshow: Finding & Buying the Best Bank-Owned Bargains
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By RealtyTrac Staff | Tue, 08 Nov 2011 08:00:00 GMT | |
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This slideshow from a webinar co-hosted by RealtyTrac and EXIT Realty, shows how to effectively find, research and purchase the best bank-owned bargains in your area.
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Third Quarter 2011 Top State Foreclosure Timelines
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By RealtyTrac Staff | Mon, 24 Oct 2011 08:00:00 GMT | |
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The average foreclosure timeline in many states grew longer in the third quarter of 2011 as did the average time to sell foreclosures. Here are some of the states where it takes the longest to foreclose.
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Top 20 New-Wave Foreclosure Markets
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By Daren Blomquist, Director of Marketing Communications | Mon, 24 Oct 2011 08:00:00 GMT | |
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Here are the top 20 markets where banks are starting to push through a new wave of foreclosures to help clear a backlog of distressed properties.
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Foreclosure Activity on Slow Burn
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By RealtyTrac Staff | Tue, 11 Oct 2011 08:00:00 GMT | |
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Foreclosure filings were reported on 610,337 properties in the third quarter, an increase of less than 1 percent from the previous quarter and a decrease of 34 percent from Q3 2010.
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Slideshow: Why Isn't Real Estate Rebounding?
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By Jim Saccacio, RealtyTrac CEO | Thu, 29 Sep 2011 08:00:00 GMT | |
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RealtyTrac CEO James Saccacio shows how the real estate recovery has been stalled by low consumer confidence, weak demand, government intervention, sloppy foreclosure practices shadow inventory.
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Video Search Tip: How to Find Short Sale Deals on RealtyTrac
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By RealtyTrac Staff | Tue, 27 Sep 2011 08:00:00 GMT | |
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With more than 800,000 properties in the foreclosure process, matched against 1.5 million for-sale properties and aextensive loan and value information, RealtyTrac helps you find short sale bargains.
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Top 10 Short Sale Markets
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By Octavio Nuiry, Staff Writer | Tue, 27 Sep 2011 08:00:00 GMT | |
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Real Estate Investing: Why Cash Flow Is Now King
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By Peter G. Miller | Thu, 15 Sep 2011 08:00:00 GMT | |
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Unlike real estate's go-go days where the goal was to buy with as little down as possible, buyer thinking today has been reversed. Nearly 30 percent of all homes sold in July were bought for cash.
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U.S. Foreclosure Activity Increases 7 Percent in August, Defaults Surge 33 Percent
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By RealtyTrac Staff | Tue, 13 Sep 2011 08:00:00 GMT | |
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Foreclosure filings were reported on 228,098 U.S. properties in August, a 7 percent increase from the previous month, but still down nearly 33 percent from August 2010.
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New Map Search Interface
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By RealtyTrac Staff | Tue, 30 Aug 2011 08:00:00 GMT | |
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We’ve updated our mapping feature to help you see and track for-sale properties, foreclosure properties and recently sold properties more quickly and easily.
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Top 10 College Towns for Buying Foreclosures
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By Joel Cone, Staff Writer | Tue, 30 Aug 2011 08:00:00 GMT | |
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It’s the time of year when proud parents are sending their kids off to college. What better time to consider the best college towns for investing in foreclosures?
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Foreclosure Activity Falls to 44-Month Low in July
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By RealtyTrac Staff | Tue, 09 Aug 2011 08:00:00 GMT | |
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Foreclosure filings were reported on 212,764 U.S. properties in July, a 4 percent decrease from June and a 35 percent decrease from July 2010. July's total was a 44-month low for foreclosure activity.
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August 2011 Reader Poll: Where Would You Invest $20,000?
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By RealtyTrac Staff | Mon, 25 Jul 2011 08:00:00 GMT | |
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We want to know how you would invest $20,000 given the uncertain real estate market and economy: in stocks, real estate, precious metals or a certificate of deposit?
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Should You Dump Real Estate and Buy Stock?
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By Peter G. Miller | Mon, 25 Jul 2011 08:00:00 GMT | |
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Oh no, it's back, the eternal question of which is a better investment, stock or real estate? In response to an article from The Wall Street Journal entitled "A Home is a Lousy Investment."
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How to Buy Foreclosures at Auction: Slideshow
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By RealtyTrac Staff | Thu, 21 Jul 2011 08:00:00 GMT | |
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Comprehensive overview of how to buy foreclosure properties at auction, presented by RealtyTrac Senior Vice President Rick Sharga and Auction.com Senior Vice President David Lee.
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Raise Your Hand if You’re Sure that Property was Foreclosed
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By Peter G. Miller | Thu, 14 Jul 2011 08:00:00 GMT | |
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You can think of it as a financial mulligan, a re-casting of foreclosures which were thought to be over and done but now, er, maybe not.
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Foreclosure Activity Off 29 Percent for First Half of 2011
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By RealtyTrac Staff | Wed, 13 Jul 2011 08:00:00 GMT | |
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A total of 1,170,402 U.S. properties received foreclosure filings in the first half of 2011, a 25 percent decrease from the previous six months and a 29 percent decrease from the first half of 2010.
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Bank-Owned Buyer Survival Skills: Outwit, Outlast, Underbid
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By Joel Cone, Staff Writer | Tue, 28 Jun 2011 08:00:00 GMT | |
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Three expert REO buyers from three different parts of the country share their strategies and secrets for successfully finding and buying bank-owned bargains — whether listed or not listed.
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The Disappearing Little-Down Mortgages Magic Trick
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By Peter G. Miller | Thu, 16 Jun 2011 08:00:00 GMT | |
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Will 30-year mortgages with little down soon be a pleasant memory, something older folks will recall along with floppy disks and disco balls?
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Foreclosure Activity Continues Free-Fall in May
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By RealtyTrac Staff | Tue, 14 Jun 2011 08:00:00 GMT | |
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Foreclosure filings were reported on 214,927 U.S. properties in May, a 2 percent decrease from April and a 33 percent decrease from May 2010. One in every 605 housing units received a foreclosure filing.
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How Much Better Are Banks Really Doing?
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By Peter G. Miller | Thu, 02 Jun 2011 08:00:00 GMT | |
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The banking industry has big profits, according to the latest report from the FDIC, which shows the return on assets increased and banks no longer set aside so much money for losses.
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The Mortgage Credit Crunch That Isn't
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By Peter G. Miller | Thu, 19 May 2011 08:00:00 GMT | |
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It's gotten a lot harder to get a mortgage we're told, something routinely blamed on Wall Street Reform. In fact, numbers from the Federal Reserve tell a different story.
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Why I’m Not Giving Up on Homeownership
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By Rick Sharga, RealtyTrac Senior Vice President | Wed, 11 May 2011 08:00:00 GMT | |
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Responding to a recent blog entry titled “Why I Am Never Going to Own a Home Again,” RealtyTrac’s Senior Vice President Rick Sharga provides his reasons for not giving up on homeownership.
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Foreclosure Activity at 40-Month Low
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By RealtyTrac Staff | Tue, 10 May 2011 08:00:00 GMT | |
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Foreclosure filings were reported on 219,258 U.S. properties in April, a 9 percent decrease from March and a 34 percent decrease from April 2010.
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Can Pension Power End The Foreclosure Mess?
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By Peter G. Miller | Thu, 05 May 2011 08:00:00 GMT | |
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Why not get better pension results and clean up the foreclosure surplus at the same time? This is the essential idea put forward by Rep. Bill Posey, a Florida Republican who represents Brevard County.
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The Impacts of Ending Government Foreclosure Prevention
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By Peter G. Miller | Thu, 28 Apr 2011 08:00:00 GMT | |
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A fresh Congress has come to Washington and with it the thought that Uncle Sam should rapidly say goodbye, ta ta, and so-long to the foreclosure prevention business.
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Best Places to Buy Foreclosures in 2011
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By Joel Cone, Staff Writer | Thu, 14 Apr 2011 08:00:00 GMT | |
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Here's our list of the best places to buy and invest in foreclosures in 2011 and beyond, based on an analysis of 10 key real estate metrics, including foreclosure discount and price appreciation.
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Foreclosure Activity Decreases 15 Percent in Q1 2011
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By RealtyTrac Staff | Wed, 13 Apr 2011 08:00:00 GMT | |
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Foreclosure filings were reported on 681,153 U.S. properties in the first quarter, a 15 percent decrease from the previous quarter and a 27 percent decrease from the first quarter of 2010.
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Buy-and-Hold Investors Benefit from Tighter Lending, Returning Renters
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By Peter G. Miller | Thu, 17 Mar 2011 08:00:00 GMT | |
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The QRM will soon be here and it will change the way we finance and refinance real estate. This could be very good news for foreclosure buyers, especially those who purchase and hold.
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Cheaper Mortgages When Fannie Mae & Freddie Mac Are Gone?
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By Peter G. Miller | Thu, 10 Mar 2011 08:00:00 GMT | |
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Are we ready to phase out Fannie Mae and Freddie Mac? This is not an idle question for anyone who needs a mortgage, worries about interest rates or wonders where real estate values are headed.
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2012 Budget Could Limit Mortgage Interest Deduction
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By RealtyTrac Staff | Tue, 08 Mar 2011 08:00:00 GMT | |
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While President Obama’s proposed 2012 budget plan doesn’t specifically target the mortgage interest deduction by name, many believe it could be collateral damage.
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Are New Foreclosure Rules Coming From Washington?
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By Peter G. Miller | Tue, 15 Feb 2011 08:00:00 GMT | |
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There are new rumblings in Washington and perhaps a growing consensus regarding how to end the foreclosure mess. The solution? Change the rules.
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Proposed Foreclosure Protections Could Close Title Gaps
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By Peter G. Miller | Thu, 10 Feb 2011 08:00:00 GMT | |
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If a few Virginia lawmakers have their way, the business of selling mortgage-backed securities worldwide could radically change.
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Court to Decide on Foreclosure Buyer’s Ownership Standing
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By RealtyTrac Staff | Mon, 07 Feb 2011 08:00:00 GMT | |
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Massachusetts' highest court has agreed to hear an appeal from a buyer who purchased a foreclosed property from U.S. Bancorp in 2006 only to have a lower court declare that he was not the property’s owner.
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Is Now The Time To Be A Real Estate Flipper?
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By Peter G. Miller | Thu, 03 Feb 2011 08:00:00 GMT | |
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Real estate flipping is often equated with illegal real estate flipping. This confusion hides the very important fact that real estate flipping is common, lawful and now encouraged by the FHA.
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Is a National Foreclosure Settlement in View?
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By Peter G. Miller | Mon, 17 Jan 2011 08:00:00 GMT | |
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If you want to know why the latest mortgage headlines matter you have to go back to 1998 and the deal worked out by the tobacco industry to avoid bankruptcy.
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Mercy Leads Parents to First-Time Homeownership
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By Octavio Nuiry, Staff Writer | Thu, 13 Jan 2011 08:00:00 GMT | |
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Mercy Karikari wanted to buy a home for her parents. She was able to do so with the help of local agent Trish Corvelli, a member of the RealtyTrac Agent Network.
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More “Fs” in Foreclosure Inventory Mean A+ Buyers Market
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By Daren Blomquist | Thu, 06 Jan 2011 08:00:00 GMT | |
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A growing number of delinquencies and foreclosures on government-backed loans means buyers and investors will have plenty of opportunities in the coming months to pick up bargain properties.
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Search Tip: Browse 2.5 Million Recently Sold Properties Online
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By RealtyTrac Staff | Mon, 03 Jan 2011 08:00:00 GMT | |
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RealtyTrac recently added an exclusive recently sold feature that allows users to see detailed information for all properties that sold in the last three, six and nine months in any given area.
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How to Get Investors Back into the Foreclosure Market
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By Peter G. Miller | Fri, 17 Dec 2010 08:00:00 GMT | |
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Lenders and the government have done little to help real estate investors, a view which may now be changing.
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Foreclosure Buyers at Forefront of Housing Comeback
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By Octavio Nuiry, Staff Writer | Thu, 09 Dec 2010 08:00:00 GMT | |
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Today, in a declining real estate atmosphere, a new breed of foreclosure buyer is emerging to lay the foundation for the housing market comeback: professional cash buyers.
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Is Merit Refinancing On The Way?
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By Peter G. Miller | Thu, 02 Dec 2010 08:00:00 GMT | |
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I suspect a number of people share the view that it's great to help homeowners facing foreclosure, but what about the folks who simply pay their bills? When do they get a break for good behavior?
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Foreclosure Homes Account for 25 Percent of all Q3 2010 Residential Sales
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By RealtyTrac Staff | Wed, 01 Dec 2010 08:00:00 GMT | |
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Foreclosure homes accounted for 25 percent of all U.S. residential sales in the third quarter of 2010 and the average discount on a foreclosure purchase was 32 percent.
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No National Foreclosure Moratorium Needed to Move Housing Market from Crisis to Calm
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By Raphael Bostic, Assistant HUD Secretary for Policy Development and Research | Tue, 16 Nov 2010 08:00:00 GMT | |
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The recent revelations about foreclosure processing — that some banks may be repossessing homes of families improperly — have cast new clouds over the real estate market, and these warrant commentary.
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Fannie Mae, Freddie Mac and the Coming Wave of Foreclosure Buybacks
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By Peter G. Miller | Thu, 11 Nov 2010 08:00:00 GMT | |
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After two years in exile Fannie Mae and Freddie Mac are returning to center stage, ready to battle with the nation's lenders. We'll find out who really owns foreclosure losses worth billions of dollars.
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Five Months to an Ideal Foreclosure Deal
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By Octavio Nuiry | Thu, 04 Nov 2010 08:00:00 GMT | |
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Little Rock, Ark. homebuyer Brad Leggett is a picky buyer. He knew what he wanted and he was ready to take his time to find it.
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Foreclosure Heat Map Overlaying Congressional District Map
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By Patchwork Nation with RealtyTrac Data | Fri, 29 Oct 2010 08:00:00 GMT | |
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The folks at Patchwork Nation, a reporting project that maps different American communities, have created this great map of foreclosure activity by Congressional District nationwide.
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How The Mortgage System Works — And How It's Been Rattled
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By Peter G. Miller | Fri, 22 Oct 2010 08:00:00 GMT | |
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An elaborate system designed to assure good title to your home and solid assets on lender books has been shaken by revelations of botched foreclosure affidavits.
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Vacation Home Investors Flourishing in Frugal Economy
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By Octavio Nuiry, RealtyTrac Staff Writer | Fri, 15 Oct 2010 08:00:00 GMT | |
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With no recovery in sight for the U.S. housing market and recessionary fears lingering, one slice of the real estate industry is holding up remarkably well: the foreclosed vacation rental market.
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Is Now The Time To Buy a Foreclosure?
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By Peter G. Miller | Tue, 12 Oct 2010 08:00:00 GMT | |
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Since the end of World War II it’s been an article of financial faith that homeownership is a pillar of economic stability if not outright wealth. Owning your own home is good, owning several is likely to be better.
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Will Stigmatized Foreclosures Stall The Recovery?
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By Peter G. Miller | Mon, 11 Oct 2010 08:00:00 GMT | |
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The freeze is on. A number of major lenders have halted foreclosures in almost two dozen states because thousands of sworn affidavits could be false.
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Banks Delay Foreclosures and Pray Property Values Increase
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By Peter G. Miller | Fri, 17 Sep 2010 08:00:00 GMT | |
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If a sound financial system is crucial to the economy, a few rules must be bent to create the fiction of bank stability. That reality impacts home prices and foreclosure practices nationwide.
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Favorable Financing on Fannie, Freddie and FHA Foreclosures
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By Daren Blomquist | Wed, 15 Sep 2010 08:00:00 GMT | |
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Buyers and investors will have plenty of opportunities in the coming months to pick up government-foreclosed REOs at bargain prices with low down payments and preferred financing.
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Cash Flow Crazy: A Real Estate Investor Story
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By Daren Blomquist | Wed, 01 Sep 2010 08:00:00 GMT | |
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Minneapolis-area resident Mark Kozikowski specializes in buying distressed buildings at a discount so he can renovate them and then rent them out for the long-haul with a nice monthly cash flow.
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Is Mortgage Relief In Your Future?
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By Peter G. Miller | Thu, 26 Aug 2010 08:00:00 GMT | |
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There's a little voice you might have heard, the one which says it's great that the government is trying to help people facing foreclosure but what about you and me?
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Can Pension Cash Save A Home?
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By Peter G. Miller | Mon, 16 Aug 2010 08:00:00 GMT | |
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At a time when a lot of households are in deep financial trouble, the U.S. is awash in cash.
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Local Agents Facilitate Long-Distance Foreclosure Purchases
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By Octavio Nuiry, RealtyTrac Staff Writer | Thu, 05 Aug 2010 08:00:00 GMT | |
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Two buyers looking for a foreclosure bargain in unfamiliar territory relied on local agents to help them successfully narrow down their list of properties and eventually complete a successful purchase.
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How Wall Street Reform Benefits Foreclosure Buyers
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By Peter G. Miller | Wed, 28 Jul 2010 08:00:00 GMT | |
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With the passage of Wall Street reform now a done deal in Washington there are probably few people who did better than real estate investors. Stricter mortgage standards plus less federal emphasis on homeownership means there will be a new and growin
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Is Now the Time to Buy Condo Foreclosures?
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By Peter G. Miller | Thu, 22 Jul 2010 08:00:00 GMT | |
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Given vast supply, sputtering prices and interest rates around 4.5 percent, is now the time to buy investment condos, especially distressed units in distressed communities?
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Rehabbing REOs for More ROI
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By Octavio Nuiry, RealtyTrac Staff Writer | Fri, 09 Jul 2010 08:00:00 GMT | |
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Attention foreclosure rehabbers: Plenty of roughed-up repos are yours for the taking. From San Francisco, Calif., to Cape Coral, Fla., repo rehabbers are snagging discounted digs before the sector snaps back.
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Will New Mortgage Standards Slow Foreclosures?
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By Peter G. Miller | Thu, 01 Jul 2010 08:00:00 GMT | |
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The new face of mortgage lending is now being revealed on Capitol Hill. How will the market for foreclosures, REOs and short sales be impacted? How will getting a mortgage change?
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Best Places to Find a Foreclosure Bargain
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By Joel Cone | Wed, 16 Jun 2010 08:00:00 GMT | |
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The metro areas on the list below had an average discount of at least 35 percent on foreclosure purchases, positive year-over-year growth in median home prices and relatively low unemployment rates.
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Why More FHA Foreclosures Loom Ahead?
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By Peter G. Miller | Wed, 09 Jun 2010 08:00:00 GMT | |
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In the world of short sales, foreclosures and REOs not too many distressed homes are available through the FHA, a situation which may be on the verge of change.
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20 Keys To Foreclosure Investing Success
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By Peter G. Miller | Thu, 27 May 2010 08:00:00 GMT | |
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Is there any way to assure real estate success, to purchase real estate at the bottom of the market, sell at the top and face no risk in between?
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Top 10 Myths About Buying a Foreclosure
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By Tara-Nicholle Nelson | Thu, 20 May 2010 08:00:00 GMT | |
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Here are the Top 10 Myths that came up in a recent survey about attitudes toward buying foreclosure, and the facts to set the record straight.
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Tips for Buying REO Properties in 2010
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By RealtyTrac Staff | Thu, 13 May 2010 08:00:00 GMT | |
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With the number of bank-owned REO properties expected to rise in the summer of 2010, here are 7 Tips that can help you snag a bank-owned property.
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Gulf Oil Spill Changes Real Estate Equation
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By Peter G. Miller | Thu, 06 May 2010 08:00:00 GMT | |
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Recently there's been an argument to be made that portions of the real estate market were beginning to return, an argument that may have to be re-thought as a result of the Gulf of Mexico oil spill.
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10 Real Estate Investing Tactics for 2010
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By RealtyTrac Staff | Mon, 03 May 2010 08:00:00 GMT | |
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Here are ten investing tactics for 2010 that can help you build wealth and financial stability in the years ahead.
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Are We Headed For A New Real Estate Decline?
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By Peter G. Miller | Thu, 29 Apr 2010 08:00:00 GMT | |
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The federal government's tax credit for first-time homebuyers is now over and done. The result is that a housing market that had begun to stabilize will now be set back as demand wanes.
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Banks Have REO Market Locked Up
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By Daren Blomquist | Thu, 15 Apr 2010 08:00:00 GMT | |
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Jay Schurman concluded that “banks are not in the real estate business” after a marathon REO purchase in 2008 that started in January and ended in August.
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The Coming Wave of Stealth Foreclosures
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By Peter G. Miller | Wed, 14 Apr 2010 08:00:00 GMT | |
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The surest place to find future foreclosures is among the very people Uncle Sam is helping with its mortgage modification programs, which gave 1.4 million borrowers trials modifications in 2009.
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Foreclosure Market Frontlines: A Sweet Deal in South Chicago
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By Octavio Nuiry | Wed, 31 Mar 2010 08:00:00 GMT | |
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Corey Fryer found the dream home for his growing family in an idyllic tree-lined Chicago neighborhood by negotiating directly with a distressed homeowner in pre-foreclosure.
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New Rules End Short Sale Guessing Game
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By Peter G. Miller | Thu, 25 Mar 2010 08:00:00 GMT | |
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Beginning April 5 new guidelines will make buying distressed properties much easier. Simply put, if this was poker you’d now be able to see the other guy's hand.
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5 Emerging Foreclosure Hot Spots
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By Joel Cone, Staff Writer | Thu, 18 Mar 2010 08:00:00 GMT | |
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Foreclosure activity in these five metro areas zoomed higher last year at a faster pace than already established foreclosure hotbeds like Las Vegas, Phoenix, Los Angeles and Tampa Bay.
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Lenders Offer New Plan to Hold Down Foreclosures
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By Peter G. Miller | Thu, 18 Mar 2010 08:00:00 GMT | |
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Forbearance pretty much means financial mercy at the option of the lender and it's at the heart of a new proposal by the Mortgage Bankers Association to reduce foreclosures among the unemployed.
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Courthouse Auctions: Mining Foreclosure Gold
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By Octavio Nuiry | Thu, 25 Feb 2010 08:00:00 GMT | |
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Every week, tens of millions of dollars worth of foreclosed real estate is sold nationwide at sheriff’s sales and trustee’s sales, and savvy investors are finding a few golden bargains at these sales.
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Oregon Targets Piggyback Lenders To Stop Foreclosures
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By Peter G. Miller | Thu, 25 Feb 2010 08:00:00 GMT | |
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While many efforts to encourage mortgage modifications have been tried, the state of Oregon has come up with something that costs taxpayers nothing and will motivate many lenders to write down loans.
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Why Borrowers Are Welcoming Foreclosure
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By Peter G. Miller | Thu, 18 Feb 2010 08:00:00 GMT | |
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Foreclosure, it seems, is no longer the stain it once was. A new study of 27 million credit records shows that since 2008 credit card delinquencies have been lower than mortgage payment delinquencies.
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