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Source: foreclosurepulse.com
More Trouble for Ed McMahon
Things seem to be going from bad to worse for Ed McMahon, former sidekick to Johnny Carson on The Tonight Show and corporate spokesman for the American Family Publisher s sweepstakes….(read more)
Source: foreclosurepulse.com
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Source: foreclosurepulse.com
Flamboyant Foreclosures
Mention the word foreclosure and most investors conjure up images of run-down and dilapidated properties located in undesirable neighborhoods. But now some of the ritzy residences are increasingly falling into foreclosure. As more and more well-heeled homeowners default on their mortgages and property taxes, homebuyers can scoop up these tony trophy properties. …(read more)
Source: foreclosurepulse.com
More Trouble for Ed McMahon
Things seem to be going from bad to worse for Ed McMahon, former sidekick to Johnny Carson on The Tonight Show and corporate spokesman for the American Family Publisher s sweepstakes….(read more)
Source: foreclosurepulse.com
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Source: foreclosurepulse.com
Tampa Foreclosures: Foreclosures` Silver Lining
With the number of Tampa Foreclosures steadily on the rise, there has been a fall in the prices of real estate in Tampa in the recent past. In accordance to the housing bill that President Bush signed last month (July, 2008), people wanting to buy their first home would receive, as …
Source: www.foreclosuredatabank.com
you are selling. You should know that the follow up process actually starts as soon as potential buyers walk thru the front door.
Source: www.foreclosurelistingsnationwide.com
Extreme Dream Gone Bust
Three years ago Patricia and Milton Harper received a gift courtesy of reality television. ABC s Extreme Makeover Home Edition came to the rescue, demolishing the Harper s old run down home with a faulty septic tank and replacing it with a 5,300 square-foot, two-story dream home in Lake City, Georgia….(read more)
Source: foreclosurepulse.com
Freddie and Fannie Spurn New York Subprime Loans
Battle lines are being drawn in New York s real estate market, pitting Freddie Mac and Fannie Mae against subprime lenders in New York. Last week, New York Governor David A. Patterson signed into law a subprime lending reform bill (S.8143-A/A.10817-A), creating stringent lending guidelines for subprime lenders. Under the new law, investors, including loan buyers like Freddie Mac and Fannie Mae, are held liable for mortgage fraud. It also lays out requirements for brokers to act in borrowers best…(read more)
Source: foreclosurepulse.com
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Source: foreclosurepulse.com
July Foreclosure Report
U.S. foreclosure activity in July increased 8 percent from the previous month and 55 percent from July 2007, according to the RealtyTrac Foreclosure Market Report released today.
Bank Repossessions (REOs) accounted for 28 percent of all activity during the month, while defaults accounted for 41 percent and auction notices accounted for 31 percent. That is in contrast to REOs accounting for just 16 percent of all activity in July 2007, while defaults in July 2007 were still at 41 percent and auction notices were at 43 percent. This shift in percentages shows that a higher proportion of properties that enter the forecosure process are ending up repossessed by lenders.