Foreclosure Listings

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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

Fed s Cautionary Stance Predictable
Did anyone really expect anything else out of Ben Bernanke and the other 10 members of the Federal Open Market Committee this time around? No, they didn t. And they got just what they expected….(read more)
Source: foreclosurepulse.com

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Source: foreclosurepulse.com

FDIC Selling Off Detroit Inventory
The Federal Deposit Insurance Corp. is having no trouble keeping busy these days. In fact the agency s head just announced this week that it has adjusted its estimate of how many of the nation s banks are seriously in trouble of going out of business this year upward from 90 in Q1 2008 to 117 now….(read more)
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

, which covered 52 domestic banks and 21 U.S. branches and agencies of foreign banks, found that 75 percent of those banks had tightened lending standards for prime loans since the previous survey, in April. Standards were tightened even more for nontraditional loans 85 percent of banks that originate that type of loan said they had tightened standards on those loans. And six out of seven banks that originate subprime loans said they had tightened lending standards on those loans in the last three months.

The outlook for the remainder of the year isn t much friendlier for easy financing. About 45 percent of loan officers from domestic banks said they expected their banks to tighten lending standards on prime home loans in the second half of they year, and about 65 percent said they expected standards on nontraditional and subprime loans to continue to tighten during the same time period.

It s good that banks are adopting more stringent lending guidelines than the virtually nonexistent ones they employed with the 2005 to 2007 vintage mortgages   which turned out to be highly susceptible to foreclosure. But could the banks be overreacting with these tighter lending standards and thereby prolonging the housing slump? Or is this exactly what the market needs to ensure that home prices stay grounded in the reality of what homebuyers can truly afford?
home 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) home foreclosures

will be so much more challenging. foreclosures

Following up on potential buyers, contrary to what many people believe, should not only be done when a potential buyer says “Goodbye” after checking out the foreclosure property you are selling. You should know that the follow up process actually starts as soon as potential buyers walk thru the front door. 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) foreclosures

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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