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+14 ·
First American Finds Correlation in Foreclosure Numbers
Filed Nov 17, 2006 at 7:44 PM ·
First American Real Estate Solutions (RES) announced yesterday the results of a study investigating the correlation between foreclosures as a percentage of total sales and the size of the discount buyers typically receive when purchasing foreclosure properties.
Orange County, California, for instance, displayed foreclosure sales at 0.5 percent of total sales during the first half of 2006, with a median discount of 3.8 percent, whereas in Baltimore, Maryland, foreclosures represented 8.9 percent of total sales with a median discount of 20 percent.
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+5 ·
Foreclosures in state triple last years level
Filed Nov 17, 2006 at 11:59 AM ·
California reported 16,000 properties in some stage of foreclosure in October -- the highest of any state, according to a research firm.
The state's foreclosure activity in October was three times higher than it was a year ago, noted RealtyTrac, an online research firm that tracks foreclosure activity from notice of default to repossession.
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+8 ·
Foreclosure Sales almost 10% of Colorado Home Sales Market
Filed Nov 17, 2006 at 2:21 AM ·
Foreclosure sales made up 9.2 percent of all home sales in Colorado in the first half of 2006, above the national average of 3.1 percent but far below the rate seen in other states, according to a survey released Thursday by First American Real Estate Solutions.
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+20 ·
Soaring Foreclosure Rates Across the Nation
Filed Nov 13, 2006 at 7:59 PM ·
Foreclosure rates are running rampant, and according to ForeclosureS.com, a northern California-based publisher of foreclosure property information, the Southwest is among the top states leading the pack. Fueled by the high cost of energy, rising interest rates and lenient lending, homeowners in the thousands are losing their homes.
Just two months shy to end the fourth quarter and already numbers have increased nationally by 19.6 percent overall with 766,058 foreclosure filings, up from 2005's 640,457 reported numbers.
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+11 ·
Foreclosure may not be the end of womans story, thanks to readers
Filed Nov 11, 2006 at 2:05 PM ·
Beverli Carpenter, a retired Detroit police officer on the verge of losing her Battle Creek home to foreclosure, was flabbergasted when an attorney called her Wednesday and offered to review her legal situation at no cost to her.
A local woman who read about Carpenter's situation in a story about predatory lending in Sunday's Enquirer told Battle Creek attorney Donald Jones she'd pay his fees if he'd take on the case. And that wasn't the only act of kindness Carpenter has received.
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+4 ·
Foreclosures still on the rise
Filed Nov 11, 2006 at 5:36 AM ·
``The third quarter saw a marked increase in the number of properties entering some stage of foreclosure,'' James J. Saccacio, chief executive officer of RealtyTrac, said in a release. ``It appears that a combination of factors, including a slowdown in home sales and lower home appreciation rates are contributing to higher numbers of delinquencies.''
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+19 ·
Woman Searching For Foreclosure Help Finds Fraud
Filed Nov 10, 2006 at 3:57 PM ·
A woman who found herself close to foreclosure was looking for help but instead stumbled into fraud.
Debbie Grace responded to a brochure mailed to her by Foreclosure Assistance Solutions of Clearwater, Fla.
"This one said we'll help you save your house and that's what I was trying to do," she said. "They wanted $1,000."
The money seemed a reasonable amount to rescue her $170,000 mortgage so she paid them with her credit card.
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+8 ·
Foreclosures Up 17% in Third Quarter
Filed Nov 10, 2006 at 4:49 AM ·
Unemployment, resetting mortgages, and softening housing market to blame for more than 900,000 foreclosures across the country.
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+8 ·
Foreclosure Rates Spike Across the US
Filed Nov 09, 2006 at 6:12 PM ·
According to Bargain Network, an online provider of real estate foreclosure, pre-foreclosure and for-sale-by-owner properties and information, third quarter foreclosure activity has increase across the United States by 14 percent compared to the second quarter this year. The Monthly U.S. Foreclosure Trend Report released yesterday by the company also held that the nation saw a 39 percent increase in foreclosure activity compared to the same quarter last year, and that in the month of September alone, there were 103,000 houses that went into the foreclosure process.
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+17 ·
The Next Big Real Estate Boom: Cashing in on Delinquent Taxes
Filed Nov 06, 2006 at 4:29 PM ·
As U.S. home prices free-fall, a new big boom for real estate investors has started taking place in delinquent property taxes.
The real estate triple play of shrinking home prices, negative equity and increasing foreclosures are all contributing to an epidemic in delinquent property taxes.
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+8 ·
More than 100 Homes in Top 2 Foreclosure States Going to Auction
Filed Nov 03, 2006 at 2:53 PM ·
Hudson and Marshall is planning to auction more than 100 homes in foreclosure-flooded Colorado and Nevada on November 16, 18, and 19. Based on numbers from RealtyTrac, Colorado and Nevada took the top two spots, respectively, as the states with the highest foreclosure rates in the country for the third quarter.
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+6 ·
US foreclosure rate climbs 43 Percent
Filed Nov 02, 2006 at 4:21 PM ·
Foreclosures jumped 43 percent nationwide in the third quarter from a year ago, according to RealtyTrac Inc., providing further evidence that the housing market keeps slowing.
About 318,000 properties entered some form of foreclosure in the third quarter, up 17 percent from the second quarter, with sharp jumps in Nevada, Florida and Louisiana.
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+10 ·
Foreclosures and Interest Rates Worrisome
Filed Nov 01, 2006 at 1:04 PM ·
The latest statistics show U.S. foreclosure rates are up 43 percent from 2005. Experts say higher interest rates and oversupply are torpedoing the housing market. Another problem, adjustable mortgate rates that can blow the roof off house notes.
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+9 ·
Young Entrepreneur Learns By Experience
Filed Oct 31, 2006 at 5:18 PM ·
The twenty-four year old California investor has $2.2 million in five properties spread out across three U.S. states. He originally bought eight houses with the intent to flip, all with no money down, but due to the burst in the housing bubble, has only been able to sell three. Now out of cash, but not out of hope, Serin has created a blog to inform others of his mistakes and challenges, and, of course, he provides a "tip jar" for those sympathetic to his plight.
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+5 ·
RealtyTrac Indicates National Foreclosures Up 17 Percent in 3Q
Filed Oct 30, 2006 at 5:34 PM ·
According to their 3Q 2006 U.S. Foreclosure Market Report released today, RealtyTrac reported that 318,355 properties entered some stage of forelcosure nationwide, an increase of 17 percent from the previous quarter and a 43 percent increase from the third quarter in 2005.
James J. Saccacio, chief executive officer of RealtyTrac, states that hikes in interest rates and a slump in the market are two key factors to the 43 percent increase since third quarter 2005.
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