Upcoming Foreclosures

How can you search for foreclosures without having to register with RealtyTrac?

Hello, has anyone used RealtyTrac to look up Foreclosures? What is the best way to find foreclosures? Looking for a cheap house in Oregon.

What do the "loan balance" figures mean on RealtyTrac foreclosure listings? What relation do these figures have (if any) to the price you really have to pay for the property? Some of these are less than $2000, which doesn't seem like an asking price.

Anyone know about "pre-foreclosures" or RealtyTrac? I stumbled onto a site called RealtyTrac.com and was able to find a dozen or so homes in my town that are in pre-foreclosure. There is a seven day trial (which gives you the home info, along with contact info in case you want to directly get ahold of the home owner). I know very little about this, but the balance of these homes are SO LOW! I wonder, does anyone have any experience in dealing with pre-foreclosures? Is it worth the effort in trying to "buy out" the current owner... is it even possible for the "ordinary person" to do?? Thanks in advance for your help!

Is realtytrac the best way to find foreclosures? isn't there a website that I can get the information for free?

Foreclosures / REO clubs or memberships that require a monthly fee. Is it legit or what. Input needed? I have been researching on-line clubs / companies that supposedly help you to find ligitimate foreclosures but you have to join the club for a monthly fee. These are the ones that popped up: Realtytrac.com , Foreclosure.com and Foreclosures.com Anyone out there who is actually a member of one of these clubs? Please give me input and tell me how do you like it. Is it legit? Does it work & how does it work? Do you really get a list of available homes that are in the pre-foreclosure phase.

Is there an alternative to RealtyTrac.com for foreclosure information? I need information on foreclosure/pre-foreclosure/REO properties in my area. Realtytrac.com seems to offer the information I need, but I have read that they are notorious for billing issues once you sign up. Is there an alternative source of information on this topic?

Can someone define these terms to a student researching foreclosures? I compiled a list of foreclosures off realtytrac.com and I am doing a demographic study of the affected zip code. The web site differentiates between the following terms: Pre-foreclosure; Auction; Bank-owned; FSBO; Resale Any knowledge at what determines the housing status would be greatly appreciated, it doesnt have to be too detailed, I just want to be able to filter what I need.

is realtytrac a good place for foreclosures? or is it just a way to get my money?

Has anyone purchased a foreclosure home through RealtyTrac? Anyone have experience in buying a foreclosure through RealtyTrac ??

What does anyone know about the website RealtyTrac? My wife and I are looking at buying a REO, foreclosure, or estate and I keep running into this website called RealtyTrac that provides info on REOs, foreclosures, pre-foreclosures, auctions, and estates. There is a $59.95 fee and before I pay it, I want to hear if it is a rip-off or not.

Is RealtyTrac a reliable foreclosure website? I am looking for a foreclosed home and I was just wondering if its worth putting in my credit card number.

RealtyTrac foreclosure data? Anybody know where the RealtyTrac guy gets his foreclosure data and how I might tap into it?

best way to find foreclosures? realitytrac doesn't seem to have the most up to date info for sw mi? we are looking to find foreclosures in SW Michigan area. its not like we are trying to capitolize on someone else's pain, but this area is pretty expensive and it would be nice to own a home while we can afford to buy one. we have used realtytrac.com but its at least two months behind and we are tired of searching and searching just to find out its been bought already. any suggestions?

Has anyone ever purchased real estate by using RealtyTrac? I keep seeing adds for RealtyTrac Inc. I had paid a few hundred dollars a couple years ago to sign up for Foreclosures.com but never obtained any valid results. I would like to know if this site is just another scam?

What's the best website to search for foreclosures/pre-foreclosures/etc in San Diego? There are so many different websites out there, I'm just looking to see if any one is better than the other. I've seen RealtyTrac, bankrepoproperties.net, and foreclosure.com to name a few. Any suggestions? Thank you!

Should Obama be worried that foreclosures during April are UP 32% from last year? Seems like this whole house of cards is coming down soon enough. http://finance.yahoo.com/news/RealtyTrac-April-foreclosures-apf-15225719.html The number of U.S. households faced with losing their homes to foreclosure jumped 32 percent in April compared with the same month last year, with Nevada, Florida and California showing the highest rates, according to data released Wednesday. Ohio was in the top 10............"We've never seen two consecutive months like this," said Rick Sharga, RealtyTrac's senior vice president for marketing. "It's the volume that's surprising." While total foreclosure activity was up, the number of repossessions by banks was down on a monthly and annual basis to their lowest level since March of last year, RealtyTrac said. But that's far from positive news. Because much of the foreclosure activity in April was in the default and auction stages -- the first parts of the foreclosure process -- it's likely that repossessions will increase in coming months, RealtyTrac said. alarmist...........I didn't forget. alarmist........also, are you implying these numbers are somehow positive??

Can someone with a realtytrac account help? So i do not want to pay all that money to have an account and i really want to know the date time and location of this house that says it is a foreclosure auction. So please somebody go to this http://www.trulia.com/foreclosure/3061595196--26th-Ave-N-Saint-Petersburg-FL-33710 and please click on more details at realtytrac and give me the time date and location of the auction. Thank you

For pre-foreclosure homes on Realtytrac, I see numbers like 15k for "amount" on a home that if listed would...? be 550k+. What exactly is this amount. Is this the outstanding balance of the loan? I don't understand why the homeowners would allow a home that is this close to being paid off to go into foreclosure.

Where to find foreclosures? I've been looking for foreclosures but I'm not able to find a good website to do so. I've heard RealtyTrac most has outdated listings and sometimes continue to charge after their trail period. Is there any sort of government or local website which lists foreclosures in the area? I'm in NYC.

When a Foreclosure is listed at $9,000, does that mean that is the default amount? How do you know sale price Example: home on RealtyTrac in Foreclosure, list sales price at $9,000. house value is probably $300,000, but shows sales price at $9,000???? Can you qualify for traditional loans to buy a foreclosure?

Biggest jump in foreclosures in 5 years - is Bush to blame for this, too? http://news.yahoo.com/s/ap/20100415/ap_on_bi_ge/us_foreclosure_rates Foreclosure rates surge, biggest jump in 5 years ""We're right now on pace to see more than 1 million bank repossessions this year," said Rick Sharga, a RealtyTrac senior vice president." OK, so is Obama to blame yet?

How does a massive surge in foreclosures in the first three months of 2010 affect the recovery? "RealtyTrac Inc. said Thursday that the number of U.S. homes taken over by banks jumped 35 percent in the first quarter from a year ago. In addition, households facing foreclosure grew 16 percent in the same period and 7 percent from the last three months of 2009. More homes were taken over by banks and scheduled for a foreclosure sale than in any quarter going back to at least January 2005, when RealtyTrac began reporting the data, the firm said. "We're right now on pace to see more than 1 million bank repossessions this year," said Rick Sharga, a RealtyTrac senior vice president. Foreclosures began to ease last year as banks came under pressure from the Obama administration to modify home loans for troubled borrowers. In addition, some states enacted foreclosure moratoriums in hopes of giving homeowners behind in payments time to catch up. And in many cases, banks have had trouble coping with how to handle the glut of problem loans. These factors have helped slow the pace of foreclosures, but now that trend appears to be reversing. "We're finally seeing the banks start to process the inventory that has been in foreclosure, but delayed in processing," Sharga said. "We expect the pace to accelerate as the year goes on."" http://news.yahoo.com/s/ap/20100415/ap_on_bi_ge/us_foreclosure_rates So the slowdown in the foreclosures...6 months before that?

0bama on track for achieving 1 million home foreclosures in 2010. Change we can believe in? http://news.yahoo.com/s/ap/20100715/ap_on_bi_ge/us_foreclosure_rates Homes lost to foreclosure on track for 1M in 2010 "Nearly 528,000 homes were taken over by lenders in the first six months of the year, a rate that is on track to eclipse the more than 900,000 homes repossessed in 2009, according to data released Thursday by RealtyTrac Inc., a foreclosure listing service. "By comparison, lenders have historically taken over about 100,000 homes a year" But I'm sure Bush is to blame for this, somehow. So, at what point does Obama become responsible for correcting problems he "inherited?" Bush inherited the 9/11 attack, but somehow he was SOLELY to blame. How does this work, exactly?

What is the best website to find pre-foreclosure/foreclosure properties? Ive been seeing sites offering pre-foreclosure information for many houses in my area. Most of them charge $50/month. I don't mind paying the 50 but I want to make sure I only have to do it with one site. The 2 sites im thinking about are foreclosure.com and realtytrac.com Anyone have any experience with them? I work very long hours and don't have enough free time as it is. A site like this would benefit me.

Foreclosures UP again! How's that 0baamaBiden "Summer of Recovery" working? LOS ANGELES (AP) - The number of U.S. homes lost to foreclosure surged in July, another sign lenders are moving quicker to take back properties from homeowners behind in payments. Lenders repossessed 92,858 properties last month, up 9 percent from June and an increase of 6 percent from July 2009, foreclosure listing firm RealtyTrac Inc. said Thursday. http://apnews.myway.com/article/20100812/D9HHQE2O0.html I thought barry's tax breaks were going to CURE the housing problem... What happened?

Who controls the national foreclosure database? Where do sites like foreclosure.com and realtytrac.com get their foreclosure listing info? There are many of these sites that are pulling foreclosure data for thousands of counties/cities all over the country. Is there a few big companies that collect all these and sell the database to smaller companies?

I seen a house on yahoo real estate foreclosures the amount has $2,515.00 I like to know is that the price? It was on RealtyTrac Inc on stratford ave elkins park I went by the house and their was a sign on it and call the realtor and he said that 2,515.00 was not the price and that it was not in elkins park but it is .It 4 bedroom

Realtytrac categorizes homes into 4 types (Pre-Foreclosure, Auction, Bank-owned, Homes for Sale). What's the..? difference between Bank-Owned and Homes for Sale? I see some of these "Bank-Owned" homes dating back to August 2008. Have they really been in inventory for that long and why would banks leave them there?

If foreclosures are said to be the fault of the buyer, what do you have to say about landlords 40% rate? Landlord foreclosures make up a huge number of foreclosures amounting to massive evictions. Don't you thinl landlords should be held accoutable? "In various cities and towns across the U.S., thousands of tenants are being evicted from single-family houses, condos, townhouses and other kinds of rental properties because their landlords are in foreclosure. These tenants have been faithfully paying their rent not knowing that their landlords haven’t been paying their monthly amortizations. Many of these renters have paid security deposits to landlords who have no more funds to return these deposits to them. They also have to scamper to look for new housing as they are given only a short time to remain in foreclosed properties. According to the U.S. Census, nearly 15 million tenants live in properties belonging to small investors who have been severely affected by the financial crisis. Out of the almost 400,000 properties recorded by RealtyTrac as delinquent or waiting for foreclosure sales, about one-third were occupied by renters. In various cities and towns across the U.S., thousands of tenants are being evicted from single-family houses, condos, townhouses and other kinds of rental properties because their landlords are in foreclosure. These tenants have been faithfully paying their rent not knowing that their landlords haven’t been paying their monthly amortizations. Many of these renters have paid security deposits to landlords who have no more funds to return these deposits to them. They also have to scamper to look for new housing as they are given only a short time to remain in foreclosed properties. http://www.realestateproarticles.com/Art/2715/265/Tenants-in-Foreclosed-Properties-Receive-Help.html

Most foreclosures ever - 100K in September. Change we can believe in? http://news.yahoo.com/s/nm/20101014/ts_nm/us_usa_housing_foreclosures September home foreclosures top 100,000 for first time "Banks foreclosed on 102,134 properties in September, the first single month above the century mark, RealtyTrac said. There were 347,420 total foreclosure filings in September, 3 percent higher than August and 1 percent higher than a year earlier." So, how's that hope and change working out for you? Facts, it happened on Obama's watch. Obama is to blame. It's that simple. I Want My Party Back, they are using the foreclosed homes to flood the market and drive down prices, to destroy the net worth of homeowners who are not foreclosed yet. Then they can't sell their houses to get money to live on. And if they do sell, the seller has to pay cash out of pocket to pay off the mortgage, because everybody will be upside down on their mortgage no matter how long they have been in the house. YOUNG PEOPLE, STAY OUT OF DEBT. WHEN YOU GET A MORTGAGE, THEY OWN YOU.

Foreclosures in Los Angeles? I am looking to buy a property but so far I have only managed to find Realtytrac and the reviews are not good, so I don't want to pay for it. I have searched for some real estate agents and they don't seem to list any foreclosures. Can someone recommend a company? I don't live in LA so cannot go there in person to look. Thanks in advance

Are all foreclosures listed on the MLS? I wan't to avoid real estate agents, I am confused as to if all foreclosed properties are on the MLS or only some and I would need to say join RealtyTrac for a list of all of them or check bank websites etc..

Foreclosures..help please? I like the website Realtytrac.com because it tells me what is in foreclosure in my area. The one thing I dont understand is the price. Some nice houses in nice neighborhoods are listed for cheap. Some are worth $500k and are listed at $100k. What does that mean? Some are $67k, $97k, some are even $400k and beyond, but my concern is with the cheap ones, is that an actual price? How can I own it for so cheap?

Finding info on House foreclosures? I'm looking in my area for a good deal on a house and with all the foreclosures going on it seems like a best bet to go that way. I found a house with a decent price on it, however it was on realtytrac.com and im not paying for membership. What I did was get the year build and size of it and then cross referenced with state tax information. I found the address of the house and deed information. After I found the deed information I had the lot and block of the house and then went to the county court records online and pulled up any foreclosure information on it. I saw a mortgage/discharge entry listed a month or so ago. Where do I go from here? I'm trying to find out about buying this house and again I don't want to pay for trial memberships. Should I just call a few Realtors in my area and see if they have any information about the house? I'm just looking for the final piece of the puzzle so I can see about possibly buying this house. I know I have to go through an agent and it took maybe 5 mins at 4am to find this information. Its not like I could have called an agent at 4am

Why are some foreclosures listed at such low values when they clearly couldn't possibly be that price? I have been doing research on buying a foreclosure and I understand about preforeclosure, auctions and bank owned REO properties, but what I cannot understand is when I go to a website such as Realtytrac.com and do a random search in my area and find most 3 or 4 bedroom homes in the 250,000 to 350,000 range, but then there are a few listed at around the 3200 or 8600 or 26000ish range. I know that there is no possible way that these homes cost this much, so why are the amounts being listed as such?

Where can I find informaion on foreclosures in Pima County AZ? I have thoroughly searched the Pima County Recorder's website, my only progress was figuring out how to search for "notice of sale"... that search only yields unorganized and vague lists with docket numbers. My goal is to find information like what is on realtyrac.com. As I am sure it is all public information I want to do so without paying for it, or having to visit the recorders office personally (surely realtytrac can find this information all online). Any adivse on how to easily access information on foreclosure in Pima County, as well as information on the public auction listings would be greatly appreciated!

Is anybody familar with the website www.realtytrac.com? I want to know more about buying a home that has been foreclosed, but I want to learn the facts from the fiction. This website I'm asking about promotes foreclosures. I'm wondering if it is just another scam. It certainly appears that way.

Is RealtyTrac.com worth it? ...Or is it a waste of money? I heard that most of it's foreclosure listings are outdated. I plan on signing up for the free trial, but I am curious what other's experiences are with this site. If it is not worth the money, can anyone recommend another site for finding foreclosures?

whats the best way to get a foreclosure in Northern VA and avoid lien complications and at a good deal? I am a Marine, just got stationed at Henderson Hall in Arlington and would like to purchase a foreclosure home in Northern VA area. what screenings do i need to do inorder to get a property at a good deal and avoid any legal complications? Is it best to go to the court house or use web sites like realtytrac.com?

What are some legitamate websites that have foreclosure listings? I'm wondering what some legitimate websites (basically I don't want to be scammed) that list foreclosed homes? p.s. is RealtyTrac a legitimate one?

Is it advisable to contact the owner of a pre-foreclosure home to see if they want to negotiate a deal? I joined realtytrac.com and they give you the contact information on these types of homes. I don't want to be intrusive.

Democrats -- Wouldn't You Want To See Examples Of Liberal Ideals On How To Run The Government ? I'm assuming that you're bright and can discern the truth . You probably believe in alot of the Democrat's ideas on how to run this country . Well what would you say if you could find proof as to whether those ideas work or not ? Pretty good idea huh ? Well here's proof . It's kinda long but I'm sure with all of your successful academic achievements that you'll be able to read and re-read this in no time . And I'm quite sure you'll appreciate seeing proof before believing . You know , the whole 'question everything' ideal that you've been taught . Read this . Give it thought . then tell me Democrats have good ideas . . . or maybe they don't ?BTW , this is about 2 term Democratic Governor Jennifer Granholm of Michigan . Granholm was reelected due to national politics Michigan is in a unique situation due to its economy! Statistics from granholmrecord.com: 51st in growth of home values Detroit ranks #2 most dangerous city in the US, Flint is #3 most dangerous Vetoed 4 year limit on welfare (Vermont is the only other state with no limits) Michigan faces possible $100 million in sanctions if no working welfare workers Increased Medicare costs from $5.6 billion to $7.2 billion Detroit ranked behind Cleveland as second poorest major city Detroit household incomes dropped 18.8% 1999-2005 Failed to work with Delphi then blasted Delphi after it filed for bankrupcy 2700 Electrolux AB employees jobless in Greenville,Mi after Granholm failed to act Due to Electrolux layoffs, Montcalm County opened its first homless shelter for men Failed to meet with Honda, losing 1500 jobs, $400 million Dept of Human Services overpaid $25.5 million for welfare in 2003 Granholm increased taxes by $2 billion 7.1% unemployment rate (37% more than the national average) Falsely claimed she landed Google-Larry Page, cofounder, is the son of Michigan State University computer science professor Dr. Carl Victor Page Vetoed road project Ford Wixom plant, then plant closed nearly half (44.7%) Detroit children live in poverty, 31.7% adults live in poverty 50th in per capital gross state product growth ranked 49th best state to do business in manufacturing jobs lost since 2003-115,700 Foreclosures doubled in two years; RealtyTrac states Detroit, Livonia, Dearborn are number one in the nation for most foreclosures, 4 times the national average 544 schools failing to meet federal standards bottom 4 states to improve teacher quality signed HB5029 allowing hunters to hunt mourning doves for target practice with the potential for lead hazards in decaying birds Michigan ranked D for computers in classrooms 6 people released from prison during Granholm tenure due to administrative failures: Patrick Selepak was released due to an error in parole violation and was one of the 6. Since 2003, 53,000 more with no health insurance Michigans graduation rate dropped from 76.2% to 74% 321 Foster Care providers convicted of crimes both sexual and domestic abuse ranked 10 out of 10 in disaster readiness failed to eliminate SBT- 80,000 jobs lost We need volunteers to help in this effort: 25% Michigan voters needed to sign petition in 90 days to force a special election after a successful recall. I am quite frankly disappointed in most of the first 6 answers . There's plenty of information to consider yet you're answers don't address ANY of the above info . (shakes head) .

Has the Federal Government lied to us about the illegal aliens and their home loans? Foreclosure Rate Lookup Chart http://www.realtytrac.com/foreclosure/foreclosure-rates.html When you look at this chart, you discover the states with enormous problems with illegal aliens are the places where the foreclosues are going strong. California, Idaho, Nevada, North Carolina, Utah, Virginia and Wisconsin have big illegal aliens populations. Notice Oklahoma, who has strong defenses against the illegal aliens also has forclosers that are higher than other states. Oklahoma passed all the good laws to get the illegal aliens out of town. I would attribute Oklahoma as being as it is because homes bought for renting to illegal aliens have finally reached their just reward. But here we are with states that were really hot with the ITIN Loans being buried with the foreclosures. An easy to read graph that reflects per capita foreclosure.. per person. http://www.realtytrac.com/MapSearch/FreeSearch.aspx?

My sister has always seemed to be the favorite no matter what she does. I'll admit there are a couple of ? traits that she has that I wish I had. She is very good at her job & her communication skills are excellent. She exudes confidence & wins peoples trust even though she has been known to lie & manipulate & somehow get away with it. Our mom is in her mid 60's & divorced. She hasn't worked in 15 yrs & doesn't have enough skills to make it on her own. My sister let her live with her family through my mom's divorce & now my mom takes care of the 6 & 10 year old & takes them to & from school. My sister is going through a divorce herself now & said she needs mom more than ever for the kids. Mom sees Ginger go to & from work in her suits to the corporate office of a commercial real estate company. Ginger works for an exec. & a sr. exec. She does computer work (& great computer skills) & shows real estate property. She does not have a real estate license. When my boyfriend asked her what she does for a living, she responded w/ a grandiose title. I think she's an exec admin. Now, I get to hear my mom tell me what an good & important job she has. Her exec she works for was about to get in trouble for something and Ginger joked w/ the sr. exec if she could go home. He let her. I told my mom that I was surprised & she told me that since I haven't been in the corporate world for 5 yrs that I don't know what goes on anymore. It amazes me b/c her house was up for foreclosure, but she kept telling mom it wasn't. It was on realtytrac under foreclosures! Somehow, she got out of it. Her 1st child was out of wedlock and she married her soon to be ex partly b/c she got pregnant. (I think they were getting married anyway. Please give me some advice & please don't be rude. Thank you! What should I say when mom tells me again what a wonderful job my sister has when I know she's an admin assistant and nothing more?

Can someone explain FORECLOSURE to me? Here is the arizona laws.. I am just wondering how long we have until we have to move out if the forclosure starts july 1st? http://www.realtytrac.com/foreclosure_laws.asp?strState=Arizona THANKS!!

What does this article mean please sumamrize for me (U.S. Homes Lost to Foreclosure Up 25 Percent)? U.S. Homes Lost to Foreclosure Up 25 Percent LOS ANGELES -- Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis. The increase in home repossessions came even as the number of properties entering the foreclosure process slowed for the seventh month in a row, foreclosure listing firm RealtyTrac Inc. said Thursday. In all, banks repossessed 95,364 properties last month, up 3 percent from July and an increase of 25 percent from August 2009, RealtyTrac said. August makes the ninth month in a row that the pace of homes lost to foreclosure has increased on an annual basis. The previous high was in May. Banks have been stepping up repossessions to clear out their backlog of bad loans with an eye on eventually placing the foreclosed properties on the market, but they can't afford to simply dump the properties on the market. Concerns are growing that the housing market recovery could stumble amid stubbornly high unemployment, a sluggish economy and faltering consumer confidence. U.S. home sales have collapsed since federal homebuyer tax credits expired in April. That's one reason fewer than one-third of homes repossessed by lenders are on the market, said Rick Sharga, a senior vice president at RealtyTrac. "These (properties) are going to come to market, but very slowly because nobody wants to overwhelm a soft buyer's market with too much distressed inventory for fear of what it would do for house prices," he said. As a result, lenders are putting off initiating the foreclosure process on homeowners who have missed payments, letting borrowers stay in their homes longer. The number of properties receiving an initial default notice -- the first step in the foreclosure process -- slipped 1 percent last month from July, but was down 30 percent versus August last year, RealtyTrac said. Initial defaults have fallen on an annual basis the past seven months. They peaked in April 2009. Still, the number of homes scheduled to be sold at auction for the first time increased 9 percent from July and rose 2 percent from August last year. If they don't sell at auction, these homes typically end up going back to the lender. More than 2.3 million homes have been repossessed by lenders since the recession began in December 2007, according to RealtyTrac. The firm estimates more than 1 million American households are likely to lose their homes to foreclosure this year. In all, 338,836 properties received a foreclosure-related warning in August, up 4 percent from July, but down 5 percent from the same month last year, RealtyTrac said. That translates to one in 381 U.S. homes. The firm tracks notices for defaults, scheduled home auctions and home repossessions -- warnings that can lead up to a home eventually being lost to foreclosure. Among states, Nevada posted the highest foreclosure rate last month, with one in every 84 households receiving a foreclosure notice. That's 4.5 times the national average. Rounding out the top 10 states with the highest foreclosure rate in August were: Florida, Arizona, California, Idaho, Utah, Georgia, Michigan, Illinois and Hawaii. Economic woes, such as unemployment or reduced income, are now the main catalysts for foreclosures. Lenders are offering a variety of programs to help homeowners modify their loans, but their success rates vary. Hundreds of thousands of homeowners can't qualify or fall back into default. The Obama administration has rolled out numerous attempts to tackle the foreclosure crisis but has made only a small dent in the problem. Nearly half of the 1.3 million homeowners who enrolled in the Obama administration's flagship mortgage-relief program have fallen out. The program, known as Making Home Affordable, has provided permanent help to about 422,000 homeowners since March 2009. Regardless, many troubled borrowers have seen their efforts to get a loan modification stymied. Larry Book of Winter Garden, Fla., was one packet away from a permanent loan modification from Chase under the Obama administration's foreclosure prevention plan after more than a year of back and forth and one failed attempt. But his modification never went through. Instead, his loan was transferred from Chase to IBM Lender Business Process Servicers in July and he was told he owed $9,562.62 and must bring his mortgage current by Sept. 15 or foreclosure proceedings will begin. "It just becomes too exhausting," Book said about the modification process. "That's why some people walk away. But I've invested too much and given up too much to just let it go." I have to summarize the article for a current events assignment. I dont know what to summarize

I thought Obama said things were getting better? The housing market is still slow, with a record number of foreclosure filings posted in July. There were more than 360,000 properties with foreclosure filings -- including default notices, scheduled auctions and bank repossessions. That's an increase of 7 percent from June, according to RealtyTrac, an online marketer of foreclosed homes. One in every 355 U.S. homes had at least one filing during July.

Isn't it Great to be the King? Playing hoops with the "Big Names", As Americans are kicked outta their homes? Obama Plays Hoops With NBA Superstars President Obama was joined on the court today for a pick-up game of basketball by about a dozen professional basketball greats past and present http://blogs.abcnews.com/politicalpunch/2010/08/obama-plays-hoops-with-nba-superstars.html Foreclosure Rate: Americans On Pace For 1 MILLION Foreclosures In 2010 More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog of borrowers who have fallen behind on their loans. Nearly 528,000 homes were taken over by lenders in the first six months of the year. If foreclosures continue at that rate, the yearly number would eclipse the more than 900,000 homes repossessed in 2009, RealtyTrac Inc., a foreclosure listing service, said Thursday http://www.huffingtonpost.com/2010/07/15/foreclosure-rate-american_n_647130.html Ain't it great to go half-court and make that three pointer- Homeless Americans can go "Eat their cake" right Mr. President? Hey Mr Wolff: I'm just saying that it's obious that THIS Basketball game is all part of his great plan to help america. Why he would NEVER use the Office of the President for Personal Gain (rolls eyes)

Are you next? Didn't all of this (bad loans) begin under bush administration? Homes lost to foreclosure up 25 pct on year AP Press September 16, 2010 LOS ANGELES – Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis. The increase in home repossessions came even as the number of properties entering the foreclosure process slowed for the seventh month in a row, foreclosure listing firm RealtyTrac Inc. said Thursday. In all, banks repossessed 95,364 properties last month, up 3 percent from July and an increase of 25 percent from August 2009, RealtyTrac said. August makes the ninth month in a row that the pace of homes lost to foreclosure has increased on an annual basis. The previous high was in May. Banks have been stepping up repossessions to clear out their backlog of bad loans with an eye on eventually placing the foreclosed properties on the market, but they can't afford to simply dMore than 2.3 million homes have been repossessed by lenders since the recession began in December 2007, according to RealtyTrac. The firm estimates more than 1 million American households are likely to lose their homes to foreclosure this year. In all, 338,836 properties received a foreclosure-related warning in August, up 4 percent from July, but down 5 percent from the same month last year, RealtyTrac said. That translates to one in 381 U.S. homes. The firm tracks notices for defaults, scheduled home auctions and home repossessions — warnings that can lead up to a home eventually being lost to foreclosure. Among states, Nevada posted the highest foreclosure rate last month, with one in every 84 households receiving a foreclosure notice. That's 4.5 times the national average. Rounding out the top 10 states with the highest foreclosure rate in August were: Florida, Arizona, California, Idaho, Utah, Georgia, Michigan, Illinois and Hawaii. Economic woes, such as unemployment or reduced income, are now the main catalysts for foreclosures. I said such practices Began under bushboy. And bushboy knew what was going on, even encouraged it. All President Obama did was to try to assist people. But then, big banks and lending institutions only intended to assist with a small number of potential foreclosures in the first place. oh boy it's not 'logic' it's truth. Next. (and btw I got your "we buying a house today" You realize that most of the subprime mortgages were obtained by caucasians. You realize that of course. You realize that while so-called minorities paid substantial downpayments, the average caucasian subprime mortagor paid little or NO down payments. Got that? And yes I can prove that.

What do you think If 1 in 10 U.S. households at risk of losing their homes should we abolish the Dream Act? Our own people are suffering and Obama save the homes programs failed. What should come first illegals getting free college educations or helping out fellow Americans ?WASHINGTON — One in 10 American households with a mortgage is at risk of losing its home, and the foreclosure crisis could worsen if jobs remain scarce. About 9.9 percent of homeowners had missed at least one mortgage payment as of June 30, the Mortgage Bankers Association said on Thursday. That number, adjusted for seasonal factors, was barely down from a record-high of more than 10 percent as of April 30. The Labor Department said requests for unemployment benefits fell sharply last week. The drop in first-time claims to a seasonally adjusted 473,000 was the first decline in a month and a hopeful sign after a raft of dismal economic reports. Still, unemployment claims remain much higher than they would be in a healthy economy. Employers are reluctant to hire as economic growth appears to be slowing. The number of Americans who are missing payments and falling into foreclosure has followed the upward trend in unemployment. The jobless rate has remained near double digits all year. "Ultimately, the housing story, whether it is delinquencies, homes sales or housing starts, is an employment story," Jay Brinkmann, the Mortgage Bankers Association's top economist, said in a statement. "Only when we see a consistent increase in employment will we see an increase in sales and starts, and a sustained improvement in the delinquency numbers." More than 2.3 million homes have been repossessed by lenders since the recession began in December 2007, according to foreclosure listing service RealtyTrac Inc. Economists expect the number of foreclosures to grow well into next year. Besides forcing people from their homes, foreclosures and distressed home sales have pressured home values and crippled the broader housing industry. They have made it difficult for homebuilders to compete with the depressed prices and discouraged potential sellers from putting homes on the market. The housing market is struggling even as mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks. Mortgage buyer Freddie Mac said the average rate for a 30-year fixed loan fell to 4.36 percent this week. Rates have fallen since the spring as investors, spooked by a slowing economy, shifted money into the safety of Treasury bonds. That has lowered the yields on long-term Treasurys. Mortgage rates tend to track those yields. The economy has grown for four straight quarters. But the pace has slowed from a 5 percent annual rate in last year's fourth quarter to 3.7 percent in the January-to-March period. It has weakened even further in the past several months. Many economists expect the government Friday to revise lower its growth estimate for the April-to-June quarter to below 2 percent. That's weak in normal times and even more worrisome after a steep recession. http://www.chron.com/disp/story.mpl/business/7172778.html

If foreclosures just hit a record and the federal govt. owns to the two largest mortgage lenders..? If foreclosures just hit a record and the federal govt. owns to the two largest mortgage lenders, isn't the economic "recovery" in serious trouble??? I know Wall Street is making profits, but unemployment continues to rise as well as foreclosure numbers. http://money.cnn.com/2009/10/15/real_estate/foreclosure_crisis_deepens/?postversion=2009101507 NEW YORK (CNNMoney.com) -- Despite concerted government-led and lender-supported efforts to prevent foreclosures, the number of filings hit a record high in the third quarter, according to a report issued Thursday. "They were the worst three months of all time," said Rick Sharga, spokesman for RealtyTrac, an online marketer of foreclosed homes. During that time, 937,840 homes received a foreclosure letter -- whether a default notice, auction notice or bank repossession, the RealtyTrac report said. That means one in every 136 U.S. homes were in foreclosure, which is a 5% increase from the second quarter and a 23% jump over the third quarter of 2008. stephanie......."It's not in trouble because there was no economic recovery" Yes, indeed.

Are foreclosure online sites effective any good ? is the foreclosure online site like realtytrac any good, i am looking at finding homes in preforeclosure so I can bid early.

Renters rights within a foreclosed home to be sold at auction? So I know this question has been asked on here a couple of times, but I have yet to find the same situation as I am in. I have had a suspicion for the past couple of months that the owner of the rental house I am in has been in default. I have contacted my rental agency on numerous occasions questions the owner default and have always been told "it will be taken care of, the owner assured me of this". However, for the past week, I have been having many knocks at the door with people dropping off ads to help stop foreclosure. I checked realtytrac.com today just to ensure my suspicions were correct and sure enough, I was right. Only, it turns out our rental home will be going up for auction next Wednesday! I have not been notified about anything and I understand that this is normal, but I am exremely frustrated. I am meeting with my agency tomorrow to discuss my findings, but I wanted to get some opinions. Is it normal for an agency to return a deposit when one of their clients goes into default? My contract is with my rental agency, not the owner, so I would assume my circumstances will differ a bit than it would through the owner. Also, if the house is being auctioned on Wednesday, does this mean I have until then to vacate? I understand that sometimes whomever purchases the home will sometimes decided to keep the renters, but I do not want to chance being told to vacate with a 3 day notice. Also, I have heard from a couple of people that I can collect any rent that I have paid since the owner has been in default. I'm not sure I believe this, but someone on here knows? Has anyone experienced this or have any advice? BTW, I am in Nevada, so I'm not sure if the law differs here with regards to foreclosures. Thanks for any help in advance.

Re: Bailout. humm. 2.3 million homeowners all sub-prime ? 860,00 repossessions, all sub-prime mortgages? ~~ Don't think so. Looks as though foreclosures and auctions affected more than those who obtained sub-prime mortgages. Feds move to Help Distressed Homeowners WASHINGTON January 28, 2009 The Fed's Bear Stearns' portfolio is valued at $27 billion, although the central bank doesn't say how much of that is in home mortgages. The Fed's AIG assets include one portfolio valued at nearly $20 billion of residential mortgage-backed securities and a second portfolio valued at nearly $27 billion of collateralized debt obligations, which are complex financial instruments that combine various slices of debt. More than 2.3 million homeowners faced foreclosure proceedings last year, a whopping 81 percent increase from 2007. And more than 860,000 properties nationwide were actually repossessed by lenders last year, more than double the 2007 level, according to RealtyTrac, a California-based foreclosure listing firm. Nevada, Florida, Arizona and California had the highest foreclosure rates last year. ~~~~~~ All of these homeowners and ex-homeowners Did Not obtain sub-prime mortgages. Need to put just as much blame on those who were partially responsible for this economy. Homeowners who struggled to pay other than sub-prime mortgages (mainly because of obtaining second mortgages, buying unaffordable SUV's and other gas guzzlers,boats,partying, etc.and living beyond their means are just as much to blame for unpaid mortgages as those who obtained sub-prime mortgages. ~~~~~~~~~ ~~ and yes, I also recognize that big businesss shared most of the blame. The United States of Big Business, Greed and Deceit Wrong Scoott - at least to some extent. Everyone can't afford to go to business school or college. Everyone didn't have a lawyer at closing to explain to them what they were getting into. They(lawyers) were only interested in their fees. Look at yourself. There were some things you did not know and did not learn until you were an adult~and someone was smart and kind enough to explain things to you. I'm 24, female,college educated, own my own home ~~But only because my dad, his lawyers and others who had bought homes explained EveryThing to me about what I was getting into. Yes my father helped but only when he was satisfied that I knew what I was getting into. And I did. Everyone wasn't as lucky as I was, nor as educated, nor has a father who could help with not only a substantial down payment (which I am paying him back in small increments every month)but who explained EveryThing I needed to know about becoming a homeowner. Everyone doesn't and didn't have that opportunity.

serious business if you think you are going to be a smart axx don't message me only those who want to help me. Then, read it through carefully and correct the errors by inserting the proper punctuation marks or deleting those that are incorrect. Post the revised copy in the provided text box. Foreclosure Filings Hit Record High By Kenneth Musante, CNNMoney Posted: 2008-05-14 13:00:31 NEW YORK (May 14) -- US foreclosure filings reached a record high in April rising almost 65% over the previous year and putting municipalities at risk by cutting into the value of taxed property according to a study released Wednesday. Some 243,353 households nearly one in 519 received a foreclosure filing during April according to the US Foreclosure Market Report from RealtyTrac an online marketplace that tracks foreclosed properties That was up 4% from March, and surpassed the record of 239,851 set in August 2007. It's "the highest monthly total we've seen since we began issuing the report in January 2005 said chief executive James J. Saccacio in a statement. RealtyTracs measure of foreclosure filings includes notices of default auction sales and bank repossessions According to the report, 54,574 were fully repossessed by banks in April. Property tax plunge: The record number of foreclosures added their weight to an already saturated real estate market pulling down home prices Plunging home values reduce the money that cities villages and towns collect in property taxes. In particular jeopardy are parts of Nevada California Arizona and Florida whose states maintained the highest foreclosure rates, according to RealtyTrac. "For example the city council in Vallejo Calif. - part of a metropolitan area with a foreclosure rate that ranked sixth highest in the nation in April - last week voted to have the city file for bankruptcy said Saccacio. The state of California had the second-highest foreclosure rate in the nation up 112% over the previous year and affecting about one in 204 households The top spot among states was held by Nevada which maintained a foreclosure rate 3.6 times the national average affecting about one in 146 homes. Nationwide single-family home prices have fallen 7.7% since the beginning of the year to the lowest level since at least 1982 according to the National Association of Realtors and data from real-estate broker Zip Realty showed that the number of houses on the market grew by 3.5% in April. With more homes being seized by banks, local governments also lose out on tax revenue from sale transactions. "It's really hitting the municipalities from multiple fronts said RealtyTrac marketing vice president Rick Sharga in an interview. Ten hardest hit metro areas: Cities in California and Florida have been particularly hard-hit. Areas in those states accounted for 9 of the top 10 metropolitan foreclosure rates. The California metro areas of Merced Stockton Modesto and Riverside-San Bernardino took the top four spots. In Merced one out of 66 households was hit by foreclosure in April. In Florida Cape Coral-Fort Myers came in at number 5 Port St. Lucie-Fort Pierce and Fort Lauderdale came in at numbers 9 and 10. Also making an appearance was Las Vegas a city that had seen heavy real estate speculation at number 7 with one in 116 households receiving foreclosure notices. As Congress debates plans to prop up troubled homeowners the foreclosure rate shows little signs of slowing. Delinquent mortgage payments which lead to foreclosure will likely rise over the next six to 12 months according to a key mortgage trend statistic from First American CoreLogic. Copyright 2008 CNNMoney 2008-05-14 06:06:18

Capitalists it's time to play "Justify This", 1 in every 374 US houses received a foreclosure notice in April? "More than 342,000 households received at least one foreclosure-related notice in April, RealtyTrac Inc. said. That means one in every 374 U.S. housing units received a foreclosure filing last month, the highest monthly rate since the Irvine, Calif.-based foreclosure listing firm began its report in January 2005. April was the second straight month with more than 300,000 households receiving a foreclosure filing, as the number of borrowers with mortgage troubles failed to abate" AP Now I know you all want to call Obama a socialist, But would a socialist and his "activist congress" pursue a policy that seeks to re-inflate the status quo while actually increasing the Loss of homes in the United States ? The initial Tarp Money which was shepherded by Bush and Co went totally unaccounted for as well, seems to me the difference between Obama Shite and Bush Shite is nebulous.. "The same banks that we gave 100's of Billions in tax dollars to, are now posting profits while the actual number of foreclosures is rising? Capitalism/corporatism at it's finest (Filthiest) ? The Federal reserve is "Not" a private institution ? UM..SORRY PETER, http://www.globalresearch.ca/index.php?context=va&aid=8518 It is do any of you have the stats on how many of these foreclosures are actually home that were refinanced by people who had been in them for 10 years or more? yes and the second half of the TARP monies actually have some strings attached.. but that first half is completely gone without a trace, thank you for bolstering my argument ? and to the guy that said " Now people are letting their homes be foreclosed upon because they know they can refinance" LOL... what are you from Planet "Limbaugh" ? right..so the fed prints up hundreds of Billions "That Privately held capitalist institution" injects into Privately held banks, structured by CEO's and ex board members into their own institutions.. cal it nationalism, and then begin to once again post profits ? Now if it's nationalized.. why are the American People not sharing in the gains they helped (we helped) recreate ? ..Rather the banks up the anti by increasing foreclosure rates ? It most certainly is more of the same welfare Capitalism that the elite have enjoyed for at least the last 100 years ? EDIT: I would absolutely debate Rush Limbaugh anytime anywhere.. or for that matter any of you wanna be Robber Barons... funny thing is though.. you've all been bent over by the same system, and you don't even understand it ? Bush/Obama ? Same thing people... wake up... W A K E U P ! ! ! !

Pre Foreclosure? There is a home around the corner that is listed on RealtyTrac as "Pre-Foreclosure". I would love to buy it but have never bought a forclosure .....or a home for that matter. How do I find out info on it? How can I get the best deal? Any advice will be helpful. Thanks!

What is a pre-foreclosure home? I went to search for home on internet and I found this site www.realtytrac.com and there i found home for pre-foreclosure...what does that mean? becouse they are very cheap and is very hard to belive that a house is that cheap...way is that? And also what is bank owned??? Is it safe to by a bank owned or pre-foreclosure home???

Home Access USA is a scam? DeKett called Home Access back and asked for a refund. She said the sales rep replied that because she'd already accessed the online listings, no refund would be possible. "The whole thing looked too good to be true," DeKett said. "Guess what?" Home Access' president, Mike Davenport, told me his company wasn't doing anything wrong, and was in fact a victim of its own success. More from him in a moment. Irvine-based RealtyTrac, one of the more reputable foreclosure-listing services on the market, reported last week that foreclosures were up in most metro areas, with California, Ohio and Florida accounting for the majority of cities hardest hit by the problem. A wide variety of smaller services -- try Googling "foreclosure listings" -- has emerged in recent years to connect distressed properties with potential buyers. Almost all involve fees that can run hundreds of dollars. "Every time there's a downturn in the market, you see these types of entities appear," said Tom Poo

Why does Nancy Pelosi think she can get away with Blaming Bush? Dose she really think people are that stupid? More and more liberals are starting to except the truth about falsely blaming Bush .Statistics show she is one of if not the most guilty one of destroying the economy Every thing went down hill right after she came in Office 2006 and starting raising taxes. This just out>>Despite promises from the White House, the number of homes in foreclosure across the U.S. In 2009 climbed to 2.8 million, an increase of 21% over 2008 and a staggering 120% jump since 2007. According to Irvine (Calif.)-based foreclosure-tracking company RealtyTrac, 2.21% of all U.S. Housing units—one in 45—received at least one foreclosure filing last year. In RealtyTrac's yearend report of total foreclosures in 2009, the states that were hardest-hit by foreclosures continued to be Nevada, Arizona, Florida, California, and Utah, accounting for 50% of the national total. Nevada had 112,097 foreclosures, or more than 10% of all housing units in the state. Vermont suffered least, with only 143 foreclosures. RealtyTrac CEO James J. Saccacio says that 2009 could have been a lot worse: "As bad as the 2009 numbers are, they probably would have been worse if not for legislative and industry-related delays in processing delinquent loans." He points out that foreclosures peaked in July but warns that for 2010, a "massive supply of delinquent loans continues to loom over the housing market." In other words, don’t expect foreclosures to become rare any time soon.

the bloated welfare states of France and Sweden have lower corporate rates and generally better corporate tax? Now that recession-warning lights have begun to blink, Democrats should give tax hikes a rest. As tax-happy Democrats might have noticed, the stock market resembles a kindergartner on a swing set: half-giddy, half-scared, and hyperactive. Meanwhile, payrolls sagged by 4,000 positions last month. Not since August 2003 has America created no new jobs. Fifty-two economists in September 13’s Wall Street Journal offered a 36-percent average probability of recession by next September, up from 28-percent in August. Oil hit $81.93 per-barrel Wednesday — hardly good news. And the tumultuous home-mortgage industry suffered 243,497 foreclosure listings last month, up 115-percent versus August 2006, RealtyTrac.com reports. This mess triggered 12,000 layoffs, just at lender Countrywide Financial Corp. To prevent tight credit from suffocating the economy, the Federal Reserve Board Tuesday hastily administered a 0.5-percent federal-funds-rate reduction. Amid these worrisome omens and genuine human suffering, the last thing America needs is for congressional Democrats to stuff a pillow over the economy’s face. But they can’t control themselves. “Through 2012, the Democratic Congress’ new budget raises taxes $217 billion,” the National Taxpayers Union’s Pete Sepp calculates. “If no surpluses appear that year, another $175.5 billion tax hike automatically kicks in.” This $392.5 billion includes a halving of the per-child tax credit, restoration of the marriage penalty, a 50-percent leap in the low-income tax bracket (10-percent under Republicans; 15-percent under Democrats), and the resurrection of the Death Tax — from 0 to 55-percent. After August’s tragic Minneapolis bridge collapse, House Transportation chairman James Oberstar (D., Minn.) proposed a “temporary” nickel-a-gallon federal gasoline-tax increase. Never mind that existing gas-tax revenues vanish into narcissistic pork projects rather than urgent infrastructure repairs. Such a tax hike would “cost American motorists an estimated $25 billion over the next three years,” NTU reckons. Democrats cannot plea that soaring deficits require tax hikes to absorb red ink. Indeed, the federal budget gap narrowed from $413 billion in 2004 to $158 billion today, proving that the best deficit medicine nearly always is to limit taxes and consequently unleash American enterprise. A thinner federal slice of a bigger economic pie usually yields revenues exceeding pre-tax-cut levels. Federal receipts have zoomed 7-percent this year. “The tax cuts are working exactly as intended,” Heritage Foundation analyst Brian Riedl argues. “Lower tax rates have increased the incentives to work, save, and invest, and as a result, the economy has grown faster than expected.” He adds: “Concerns that the Bush tax cuts would lead to a long-term shortfall of government revenues have proven false …Tax revenues in 2007 are now estimated to be $70 billion above the level projected even before the 2003 tax cuts. In other words, tax revenues are now above their pre-tax cut baseline.” Democrats cannot deny what happened after President Bush and Capitol Hill Republicans slashed maximum capital-gains taxes from 18 to 15-percent in 2003. Rather than dwindle $5.37 billion between 2003 and 2006, as the congressional Joint Tax Committee’s antique, static-analysis model wrongly predicted, revenues actually advanced $53 billion. Foreign economic ministers understand these lessons and are lowering taxes as if Franklin Roosevelt never lived and Ronald Reagan never died. “Sweden and Russia last year eliminated their estate taxes because they said the tax was economically counterproductive,” economist Stephen Moore wrote in the August 31 Wall Street Journal. “In Germany under Chancellor Angela Merkel, the corporate tax rate has been reduced to less than 30 percent from 39-percent.” Poland recently chopped its business tax from 27-percent to 19. Even Hanoi gets it! Thanks to corporate-tax relief, “the business environment will become more and more attractive, resulting in increased investment,” Vietnamese tax chief Nguyen Van Ninh told Moore. While America’s corporate tax levitates at 35-percent, seven European Union nations have lowered business levies this year. The EU-average corporate tax is 24.2-percent. “Further corporate tax rate cuts are being implemented in Germany, Estonia, Spain, and the United Kingdom, and rate cuts are being discussed in the Czech Republic and France,” observes Cato Institute senior fellow Dan Mitchell. “Even the bloated welfare states of France and Sweden have lower corporate rates and generally better corporate tax systems than America.” Democrats thus resist global pro-market trends, even among progressive governments long on social solidarity and short on “reckless cowboyism.” But, for most Democrats, these facts and numbers are irrelevant. Taxes are not about merely funding vital government duties and basic public services. They are meant to punish the wealthy, “correct” personal behavior, and distribute universal largesse. Thus, Democrats itch to raise taxes on highly lucrative private-equity partnerships, from 15 to 35-percent. True to form, the Democratic Senate voted in August to hike cigarette taxes 156 percent, from 39 cents to $1 per pack. This would ignite a massive explosion in the State Child Health Insurance Program. The Democratic House extended government medicine to kids in families of four earning quadruple the Federal Poverty Line, or $82,600 — twice today’s threshold. The House also redefined “child” as an eligible boy or girl …up to age 25. While America’s economy clings from a ledge, Democrats dance on its fingertips. When the donkey party promises “change,” it delivers — good and hard.

Why haven't adjustable rate mortgages been outlawed? I have called my senators 100's of times over the past 5 demanding that these adjustable rate mortgages be outlawed and they haven't done anything. In addition, I want 100% loan to value ratio loans outlawed. We can thank the states of California, Michigan, Illinois, and Ohio for the current over-hyped foreclosure situation. Stupid headlines like Foreclosures up 68% are misleading as hell. Less than 1% of all the home loans nationwide are even in foreclosure. The U.S. had one foreclosure filing for every 617 households in November, RealtyTrac said. That is meaningless. During the attack on the United States oil industry between 1984 and 1992 one in five homes were posted for foreclosure in Texas and no one cared. Banks didn't do anything to help. I could care less how much homes have declined in California or anywhere else for that matter. Home values go up and down all the time. Rent homes and people who do not maintain they yards affect values more than foreclosures

In the process of purchasing a home that is pre foreclosure in NJ and need advice...? In March we agreed to a purchase amount based on seller saying she could not accept any less to avoid short sale. Apparently the agreed amount still was not enough and it has been in the hands of the sellers bank to make a decision if they will accept agreed amount. With that being said, we have been out of "attorney review" for almost a month and the inspection has been done for 3 weeks. We still have not heard from the bank. I was searching realtytrac.com this evening and saw the property is listed as a pre foreclosure with the amount $11k more than what we are in contract to buy for (I am not sure if this is what is owed or what the home was appraised at). Looking for advice on where to go from here. Should we offer the $11k more or walk? First time buyer, love this house and think it is a great deal... I do have both a realtor and attorney. My attorney is extreemly familiar with foreclosures but usually works on the sellers end. He advised me that it can be a lengthy process and that if I was really interested in the house to go ahead and have the inspection...not only to show the bank that I was still serious about purchasing, but also to know that the house was worth waiting for. My agent is not experienced with the process and neither is the listing agent. She made no mention of the financial situation in the listing, and the sellers attorney is almost completely non-responsive which may be because he may not get paid. And yes...my interest rate has already expired and gone up with my second round of locking it. Very frustruating.

Good economy? Foreclosure stats...? http://www.realtytrac.com/news/press/pressRelease.asp?PressReleaseID=83 This is just for one city. Cite your case where housing is up and with what type of loans...adjustable which is guaranteed to foreclose i 5 years?

Foreclosure nightmare!? I live in P.G.A.National with my 12 year old son. We have been on the channel 25 news{wpbf} 3 times in Reference to the Cuffy scammers mortgage fraud w/over 30 homes stretching from broward to palm beach county. Now that they have been jailed, the bank finally took over the house I live in and had leased . The mailman keeps bring a certified letter to my address but in the quit claimed name that the mortgage frauds put in. I cannot sign to accept . My question is....With Deutch Bank now the owners...will they serve me a 30 day notice to my name??? Also, $730,000 is oed on this home. Scammers borrowed against all,rented them and paid the banks NOTHING. The bank will not Talk to me . I would like to put in an offer but on realtytrac or my palm beach county court house ...no one has a clue as to info... marlwood lane Help...suzycadillac Yes I see i put this in the wrong category...already have shot myself in my kneecaps:{