Tagged : Foreclosure

Found 17 blog entries tagged as "Foreclosure".


finanace.yahoo.com - The U.S. is on track to end the year with the fewest homes repossessed by lenders in six years, a trend that should help limit the negative impact foreclosures have on home values.

Lenders repossessed 36,964 U.S. homes last month, down 31 percent from July last year, foreclosure listing firm RealtyTrac Inc. said Thursday.

At the monthly average pace through July, completed foreclosures are projected to total nearly 490,000 this year, down roughly 27 percent from last year, the firm said. That's also the lowest since 2007, when 404,849 homes were taken back by banks.

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money.cnn.com - Borrowers who lost homes to foreclosure during the housing bust are starting to buy again.

Since the housing bubble burst, 4.8 million borrowers have lost their homes to foreclosure, and another 2.2 million gave them up in short sales, according to RealtyTrac. While many are still struggling to recover financially, a growing number are starting to bounce back -- and they are looking for a new place to call home.

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money.cnn.com - The long-battered housing market is finally starting to get back on its feet. But some experts believe it could soon become another housing boom.

Signs of recovery have been evident in the recent pick ups in home prices, home sales and construction. Foreclosures are also down and the Federal Reserve has acted to push mortgage rates near record lows.

 But while many economists believe this emerging housing recovery will produce only slow and modest improvement in home prices, construction and jobs, others believe the rebound will be much stronger.

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dsnews.com - Home values still rose into November, marking more than a year of monthly price gains, while national rents fell flat, according to data from Zillow.

On a monthly basis, home values inched up by 0.6 percent from October, with the Zillow Home Value Index at $156,200 for November. For 13 straight months now, prices have displayed monthly gains. Compared to November 2011, home values have increased by 5.2 percent, which is the biggest yearly gain since August 2006.

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businessinsider.com - If you are a first-time home buyer who has been looking for the perfect opportunity to buy a new home, then the time is now. The current real estate market is perfect for everything from buying a new home to investing in the real estate market, which is why first-time home buyers and investors have been going head to head and competing for the best real estate on the market.

Why, exactly, is now a great time for first time home buyers to purchase a new home? From incredible deals on foreclosure and short sales to low interest rates and a projection for rising home prices in the future, now is the perfect real estate market for first-time home buyers.

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money.cnn.com - Signs of recovery have been evident in the recent pick ups in home prices, home sales and construction. Foreclosures are also down and the Federal Reserve has acted to push mortgage rates near record lows.

But while many economists believe this emerging housing recovery will produce only slow and modest improvement in home prices, construction and jobs, others believe the rebound will be much stronger.

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Over the last few years real estate investor confidence has been harder to find than a needle in a haystack. Today, however, things look differently as investor confidence is on the upswing—which is positive news for everyone involved in real estate.

Let’s face it—in comparison to the life of real estate investors before the crash, it has been very hard to make a living with real estate investing over the last few years. Successful investors decided to purchase foreclosures and other distressed properties and turn these homes into rental properties in areas with a high demand. Although these investors had to expand their job description to include “landlord,” this minor adjustment enabled these investors to immediately start seeing a return on

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NEW YORK (CNNMoney) -- Foreclosures fell in nearly two-thirds of the nation's largest metro areas during the third quarter, according to RealtyTrac Thursday.

With 62% of the nation's 212 largest markets seeing foreclosure activity shrink during the latest quarter, the ongoing decline is yet another sign that the housing market is starting to stabilize.

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NEW YORK (CNNMoney) — The wave of foreclosures hitting the nation’s housing market has been much less severe than anticipated, with foreclosure filings at their lowest level in five years last month, according to a report out Thursday.

Foreclosure filings — including default notices, scheduled auctions and bank repossessions — were reported on 180,427 properties in September, a 7% decline from August and down more than 16% from a year earlier, according to a report released Thursday by RealtyTrac, an online marketer of foreclosed properties. That’s the lowest number of filings since September 2007.

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businessinsider.com - 193,508 households received foreclosure filings in August, up 1 percent from last month, but down 15 percent from last year, according to RealtyTrac's latest foreclosure report.

 

One important positive sign for the housing market was that foreclosure starts – the pace at which mortgages enter the foreclosure process – declined, after three consecutive monthly increases.

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