foreclosures

Florida is First in Foreclosures

Armen Hareyan — Mon, 23 Nov 2009 10:50:52 -0600

Sometimes, being in first place is not a badge of honor. Take Florida, for example, which currently holds the dubious distinction of being first in the nation in foreclosures.

Foreclosures down for the moment

Armen Hareyan — Thu, 12 Nov 2009 11:54:56 -0600

Although foreclosure filings were down for the third month in a row in October, foreclosure filings continue to rise.

Foreclosure Leaseback Keeps Families in Homes

Armen Hareyan — Mon, 09 Nov 2009 08:06:36 -0600

In an attempt to keep foreclosed families from becoming homeless, mortgage buyer Fannie Mae has come up with a program that will rent homes back to delinquent borrowers at market rates.

Mediation May Forestall Florida Foreclosures

Armen Hareyan — Sun, 08 Nov 2009 20:51:15 -0600

While Florida foreclosure numbers fell 6 per cent between the second and third quarter, the state still shows that approximately 1 out of every 158 homeowners is currently in some stage of the foreclosure process. While no one can give exact reasons for this slight decrease, some feel that additional short sales, along with the federal government’s push for mortgage modifications, has helped slightly in damming the foreclosure flood.

Buying foreclosures makes lots of sense

Armen Hareyan — Sat, 17 Oct 2009 10:00:30 -0500

Here is a simple foreclosure investment rule of thumb. While it’s certainly possible to make money flipping foreclosures, it takes time, effort, and on many occasions, a good deal of rehab work. Selling them quickly often requires the services of a real estate agent. But, to cite a cliché, it’s not rocket science.

Foreclosures could reach 25 million before housing crisis ends

Shelby Bateson — Sat, 17 Oct 2009 09:04:03 -0500

25 million foreclosures in the next few years sounds like an astronomical number. Since this housing crisis started in 2007, there have been close to 8 million foreclosures through the end of September 2009.

Foreclosures Reported Up For Third Quarter

Denise Clay — Fri, 16 Oct 2009 15:01:39 -0500

Despite all the efforts from the federal government and the mortgage lenders, foreclosures are still increasing. On Thursday, RealtyTrac released a report that shows foreclosures were up in the third quarter.

Loan Modifications Are Going To Be Made Easier

Shelby Bateson — Tue, 13 Oct 2009 10:41:08 -0500

As home owners across the country are aware, getting a HAMP loan modification has been a nightmare. The paperwork has been at the crux of the problem. Recently U. S. Secretary of the Treasury, Tim Geithner, celebrated as the goal of 500,000 “trial modifications” approved was reached earlier than had been anticipated.

Foreclosure prevention programs not working

Armen Hareyan — Tue, 28 Jul 2009 15:23:04 -0500

The headline in the Wall Street Journal says "US Effort to Modify Mortgages Fails." The government has worked for almost two years to get mortgage lenders to adjust mortgage terms to allow people to stay in their homes rather than to foreclose.

Can Bankruptcy Stop Foreclosure?

Mon, 27 Jul 2009 09:26:10 -0500

On October 17, 2005 sweeping bankruptcy reform laws went into effect forever changing the rules of debt collection in this nation. Consumer advocates and the public appear to be completely unaware of the total and complete victory of the creditors under the new legislation. This article opens the door to the Trogan Horse so that consumers can prepare themselves for the worst.

Home Foreclosures Still High, Oregon Highest

Kyle Godfrey — Fri, 12 Jun 2009 10:06:54 -0500

Unless homeowners, authorities and mortgage lenders do something to stop foreclosures in Oregon the state's foreclosure filings will pass beyond the mark of every house out of 525 being up for foreclosures. Oregon has had one of the highest foreclosure filings in the country, rates jumping to 89.8 percent since May 2008.

Foreclosure Filings Up Q1 Says RealtyTrac

Hank Bailey — Thu, 16 Apr 2009 06:54:08 -0500

RealtyTrac®, released its U.S. Foreclosure Market Report for the first quarter of 2009, which shows that foreclosure activity was reported on just over 800k properties in the first quarter. This was nearly a 10% increase from the fourth quarter of 2008, and an increase of more than 20% from the same time period in 2008. The sad news is that 1 in every 159 U.S. homes received a foreclosure filing during the first three months of 2009.