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Realtytrac Foreclosures News

Area's home sales slow Sunday, September 5, 2010 @ 4:52AMRANZENBERGER
672 properties sold in Aug. foreclosures Friday, September 3, 2010 @ 9:16PMForeclosure filings in Pima County continued to surge throughAugust, showing no letup in the number financially distressedproperties.
Analysis - Obama running out of options to aid housing market Friday, September 3, 2010 @ 1:36PMA further downturn in the battered U.S. housing market has put the Obama administration in a tough spot with few tools to stem foreclosures ahead of congressional elections in which Democrats face big losses.
Increase in loan refinancing nationally hasn't hit home Friday, September 3, 2010 @ 5:48AMZANESVILLE -- Applications for refinancing home loans, bolstered by some of the lowest borrowing costs in 20 years, are up for the fifth straight week nationally, according to a weekly survey conducted by the Mortgage Bankers Association.
Area foreclosures up since last year Thursday, September 2, 2010 @ 1:08PMForeclosures are increasing around the country this year, and the area is not finding itself immune to the trend. The number of homes entering foreclosure skyrocketed in 2007 and 2008 when the real estate market collapsed and subprime mortgage rates sharply increased.
5 big banks embrace mortgage mod efforts Thursday, September 2, 2010 @ 12:07PMAmanda Fung - Five of the city's largest banks have responded to a call for foreclosure reform, City Comptroller John Liu announced Thursday morning. Last month, Mr. Liu sent a letter to Bank of America, Citibank, J.P. Morgan Chase, Wells Fargo and HSBC asking them to improve their efforts to help homeowners modify their mortgages. That letter was signed by all five borough presidents, as well ...
Foreclosure program losing its punch Thursday, September 2, 2010 @ 11:01AMThe president's signature foreclosure rescue plan is losing its punch, according to a federal report released Friday.
The Rise of the Zombie Consumers Thursday, September 2, 2010 @ 10:31AMThey’re in debt, they’re depressed, and they’re everywhere
Pending Sales of Existing Homes Unexpectedly Rise Thursday, September 2, 2010 @ 9:42AMThe number of contracts to purchase U.S. previously owned houses unexpectedly rose in July, a sign the market may be starting to stabilize after the expiration of a homebuyer tax credit.
Pending Sales of U.S. Existing Homes Probably Dropped in July Wednesday, September 1, 2010 @ 11:42PMThe number of contracts to buy U.S. previously owned homes probably fell for a third straight month in July, signaling housing will be depressed for the rest of the year.
Home foreclosures spike in July Wednesday, September 1, 2010 @ 4:53PMThe summer is coming to a close with a jump in foreclosures in Prince George’s County, according to data released by RealtyTrac. The California-based foreclosure tracking company found the county recorded more than 2,000 foreclosures in July, which is the most recent number to be released.
Foreclosures Pose Potential Trouble on Election Day Wednesday, September 1, 2010 @ 11:43AMAdvocacy groups and election officials fear that the high rate of foreclosures will confuse many about their eligibility to vote.
Banks: Kicking Butt in Mortgage Mods Wednesday, September 1, 2010 @ 11:28AMThe banking industry is touting its accomplishments in mortgage modifications, subtly thumbing its nose at a government program that has been struggling to succeed.
Memphis rated No. 1 for home foreclosure bargains Wednesday, September 1, 2010 @ 12:00AMJim Reedy of Memphis Investment Properties started mining that gold here hundreds of houses ago.
5 Best Places to Find a Foreclosure Bargain Tuesday, August 31, 2010 @ 3:38PMRISMEDIA, September 1, 2010—With a number of real estate markets still reeling in the midst of the nation’s economic crisis, bargains persist for savvy investors looking to add to their portfolios of rental properties. Prices have even gone low enough…
Home Prices Probably Cooled, U.S. Consumer Sentiment Languished Monday, August 30, 2010 @ 11:33PMThe rebound in U.S. home prices probably slowed, while consumer confidence languished near a five-month low, indicating threats to the economic recovery are mounting, economists said before reports today.
St. Charles County Foreclosure Rate Skyrockets Monday, August 30, 2010 @ 8:58PMHabitat For Humanity Seeks To Help A skyrocketing number of foreclosures in St. Charles County are coming as no surprise to those who help the homeless. Habitat for Humanity of St. Charles County is accepting applications for a home the agency recently purchased. "We're going to do like an extreme makeover," said Ashlee Johnson, executive director. "It's going to be fun and its going to be a ...
East Central Illinois not a foreclosure hot spot, but filings are up Sunday, August 29, 2010 @ 9:49PMURBANA – Kevin Schoening's home in Thomasboro was his first and only one – shelter on a tree-lined street in a small town in northern Champaign County where he, his wife and their son lived. Now more than a year after the house was sold at a Champaign County sheriff's sale, revisiting the past couple of years still makes Schoening feel unsettled. read more
HUD offering interest-free loans to reduce foreclosures Saturday, August 28, 2010 @ 12:08AMLoans of up to $50,000 are for homeowners in 'hard-hit' areas; Washington not on list of 17 states eligible for aid.
Fate of California loan modification protection bill uncertain Friday, August 27, 2010 @ 10:32PMSACRAMENTO - The lending industry is out in full force at the State Capitol to defeat a bill that would ban lenders from foreclosing on California homes if borrowers are in the process of applying for a loan modification.
Mortgage Friday, August 27, 2010 @ 9:57PM“Ultimately the housing story, whether it is delinquencies, homes sales or housing starts, is an employment story,” Jay Brinkmann, the trade group’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.
Bill may help homeowners avoid foreclosure Friday, August 27, 2010 @ 9:05PMTime is running out for a piece of legislation that would protect California homeowners from foreclosure.
EDITORIAL: California foreclosure reform hangs by a thread in Assembly Friday, August 27, 2010 @ 7:32PMWith lawmakers set to end their session Tuesday, lending industry lobbyists are trying to show their muscle at the state Capitol. They're foolishly attempting to kill a bill that could help California's still-sinking housing market.
Making Cents in Penny Stocks Friday, August 27, 2010 @ 5:47PMA low price doesn't always mean low quality.
Scarcity of jobs puts more at risk of foreclosure Friday, August 27, 2010 @ 12:42PMWASHINGTON - The jobs crisis is putting more Americans at risk of losing their homes.
1 in 10 with a mortgage at risk of foreclosure Friday, August 27, 2010 @ 11:04AMWASHINGTON #8212; One in 10 American households with a mortgage was at risk of foreclosure this summer as the government #8217;s efforts to help have had little impact stemming the housing crisis.
Foreclosure risk now 1 in 10 Friday, August 27, 2010 @ 8:24AMWASHINGTON -- 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.
July Beaufort County foreclosure rates up from June Wednesday, August 18, 2010 @ 7:30PMThe odds of Lowcountry families becoming victim of foreclosure are narrowing down. Last month's numbers are in and they show that one in every 199 homes in Beaufort County is in some state of foreclosure. According to the stats on Realtytrac.com, Hilton head topped the list in the county last ...
Goings and comings Wednesday, August 18, 2010 @ 6:42PMDuring her Aug. 14 talk, artist Emily Kennerk related the tale of walking her dog one evening and noticing a bright orange, poorly photocopied flyer on one of the houses in her neighborhood: a foreclosure notice. "I remembered children playing in the front yard of that same house only weeks before," Kennerk said with a twinge to her voice. The specter of the former inhabitants combined with this ...
Foreclosure numbers stun Kane committee Wednesday, August 18, 2010 @ 12:15AMIt took the Kane County Board Public Service Committee a few moments to let the numbers sink in this week as members looked down and finally reacted with grim acceptance to the number 3,880. That is the number of home foreclosures filed so far this year in the county.
Job losses, medical costs blamed for rising foreclosure rate in Pennsylvania Tuesday, August 17, 2010 @ 6:56PMJob losses and medical expenses drive increasing mortgage foreclosures in Pennsylvania, a Pennsylvania Association of Realtors survey concludes.A sampling of 500 state residents who faced foreclosure action in the 12-month period ending in June found 57
More Fuel For a Bigger Decline Tuesday, August 17, 2010 @ 3:18PMDo you still believe the market is heading higher? Denial is bliss, but a variety of indicators are shaping up to paint a very bearish short, mid and long-term picture. Now is not the time to stick your head in the sand and hope for the best.
Home foreclosures may surpass ’09 Tuesday, August 17, 2010 @ 2:26PMForeclosure will claim as many if not more Mother Lode homes in 2010 than it did last year, with real estate agents expecting the market doldrums to continue for at least another year. Tuolumne County is on pace for 442 homes to be sold at auction this year, versus 343 last year and 223 in 2008, according to the Tuolumne County Recorder’s Office.
Late Mortgage Payments Spike in 2Q Vs Year Ago Monday, August 16, 2010 @ 11:28PMRate of missed mortgage payments jumps in 2Q from a year ago, but down from start of this year Mortgage - Business - Financial Services - United States - Directories
Home Foreclosure Symptom, Not Cause For Increased Crime Rates Monday, August 16, 2010 @ 4:38PMHome Foreclosure Symptom, Not Cause For Increased Crime RatesHigh levels of foreclosures in a community do not independently lead to increased crime rates, as previously believed, according to new research from The University of Texas at Austin.More than 6.4 million U.S. properties entered foreclosure between 2007 and 2009, according to RealtyTrac, the largest foreclosure database in the nation ...
A Closer Look at Foreclosure Activity Monday, August 16, 2010 @ 4:09PMRISMEDIA, August 17, 2010—More than three years into the housing crisis that helped trigger a worldwide recession, the torrid pace of home foreclosures continues to tear at the core of the American dream. New figures Thursday from RealtyTrac showed…
Government to Spend $3 Billion to Help Homeowners Monday, August 16, 2010 @ 4:09PMRISMEDIA, August 17, 2010—The White House said recently it would spend an additional $3 billion to help distressed homeowners in the states with the highest jobless rates to pay their mortgages. The latest round of funding pushes the total…
Myrtle Beach loans lumped into spiraling mortgage-backed securities Monday, August 16, 2010 @ 11:26AMAug. 15--It took fewer than six months for the loan on a condominium unit at River Oaks Golf Villas to make its way from Myrtle Beach to Wall Street, but the fallout from that ill-fated mortgage and millions more like it nationwide likely will be felt for years.
American Dreams come true at auction Saturday, August 14, 2010 @ 9:27PMMike Carr's voice rattled like a machine gun. ``Anybodywannabidmorethansixtythree-thousandf
Market value: Broker sees reason to open school amid recession Saturday, August 14, 2010 @ 6:06PMNEW HAVEN — Real estate broker Roberta Graham is constantly being asked why she is leasing out larger commercial space and opening a new real estate school in this economy.
Treasure Valley housing downturn isn't over yet Saturday, August 14, 2010 @ 12:16AMLocal housing downturn isn't over yetIdaho will still suffer declines after much of the rest of the country stabilizes, a top national economist says.
Trouble signs: Tax credit's end and foreclosures' rise Friday, August 13, 2010 @ 10:46PMDrop, plus rise in foreclosures, may mean bumps ahead
Home foreclosures continue to rise Friday, August 13, 2010 @ 7:02PMThe number of US homes lost to foreclosure surged in July, another sign lenders are moving more quickly to take back properties from homeowners behind in payments.
Dem Doubts Mortgage Relief Programs Friday, August 13, 2010 @ 5:19PMA Democratic congressman has issued a letter to President Obama slamming Housing Urban Development Secretary Shaun Donovan for claiming in an op-ed that California’s Central Valley has seen an improvement from the height of the foreclosure crisis.
Is a Crash Coming? Ten Reasons to Be Cautious Friday, August 13, 2010 @ 4:16PMNo one knows whether it could happen or not. But way too many people are way too complacent this summer. Here's why.
Foreclosures slowed in July Friday, August 13, 2010 @ 3:11PMReal estate foreclosure filings are down statewide in July, but it's not yet time for brass bands to strike up "Happy Days are Here Again."
Roanoke Valley home sales slump in July Friday, August 13, 2010 @ 10:41AMAug. 13--Federal tax credits promising thousands of dollars to buyers who signed a home contract by June's end boosted sales throughout the Roanoke region in the first half of this year.
Foreclosures finally drop in Hawaii Friday, August 13, 2010 @ 10:08AMHONOLULU (AP) — Hawaii has broken its streak of more than three years of rising real estate foreclosure filings. Irvine, Calif.-based RealtyTrac reports that there were 930 foreclosure actions statewide in July, a 6 percent decline from the 990 at the same time a year ago.
Foreclosures finally drop in Hawaii Friday, August 13, 2010 @ 9:10AMHawaii has broken its streak of more than three years of rising real estate foreclosure filings. Irvine, Calif.-based...
Lehigh Valley foreclosures up in July Friday, August 13, 2010 @ 8:46AMLehigh Valley foreclosures climbed in July, as high joblessness and declining home values continue to bear down on the market.