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White House Threatens To Veto Anti-Foreclosure Bill 2008-05-12 11:52:35 According to Mark Huffman, with ConsumerAffair.com, the WhiteHouse
has threatened to veto a bill which would help those who are being affected by the foreclosure crisis.
Mr Huffman states:
“The White House
is threatening to veto a measure that would spend $300 billion to help distressed homeowners avoid foreclosure. The House passed the measure last week [...] Read more:Foreclosure
Survey Shows Most are Happy Homeowners 2008-05-09 14:22:27 Despite the worst slumping real estate market that the U.S. has experienced in at least seventy years, the large majority of people are happy with their homes, according to the latest survey from Housing Predictor.
More than two out of three respondents to the online poll said they were “happy” with their homes, indicating the majority [...] Read more:Happy
, Homeowners
U.S. House Approves Democratic Anti-Foreclosure Bill 2008-05-08 12:00:03 U.S. House
Approves Democratic
Anti-Foreclosure
Bill
“The U.S. House of Representatives approved legislation to let the government insure up to $300 billion in
mortgages to help homeowners avert foreclosure over White House objections the measure would force the government and taxpayers to take on excessive risk.
The House voted 266-154 for the housing package offered by Massachusetts Democrat
Foreclosure Investors: $7000 TAX CREDIT 2008-05-03 12:02:10 Foreclosure Investors
: $7000 TAX CREDIT
“The proposed measures include funding to help borrowers refinance unaffordable loans and help boost activity in neighborhoods with properties in foreclosure. Also in the bill is a tax break for homebuilders, as well as a new tax credit and deduction for homeowners and home buyers. The package also contains measures to [...] Read more:Foreclosure
Steps to Protect Real Estate Buyers 2008-05-03 11:36:31 In these troubling economic times Housing Predictor explores the steps consumers should take before jumping into buying a home or other real estate, outlining the six steps everyone needs to take to protect themselves.
The 6 steps to take to buy in a down market bring meaningful information that everyone should be aware of in these [...] Read more:Protect
, Estate
, Buyers
Real Estate Markets Forecast to Bottom 2008-04-25 11:38:29 In its most sought after forecast of all-time, Housing Predictor forecasts the bottom of real estate markets throughout the nation. The country’s real estate slump has developed into the worst housing crash since the Great Depression with falling home values in the over-whelming majority of markets.
The Housing Predictor Worst 25 housing market forecasts have been [...] Read more:Estate
, Markets
, Forecast
, Bottom
, Real Estate
Signs of Real Estate Market Bottom 2008-03-29 11:38:29 The big question in real estate these days is “When will the bottom of the market occur?”
The elusive bottom of the market may be closer than you think, but it depends where you live and what you see. Housing Predictor explores how to find the elusive bottom of your real estate market, and lists the [...] Read more:Estate
, Bottom
, Real Estate
, Market
Foreclosure flood: 1,000 auctions per day in California - LA Times 2008-05-13 15:28:52 Foreclosure flood
: 1,000 auctions
per day in California
LA Times
reports in April there were one thousand home auctions per day in California. “California’s foreclosure crisis passed another ominous milestone in April, when more than 1,000 foreclosed homes were auctioned off every weekday at courthouses across the state”.
-flo.html
According to our California Foreclosure Report, Read more:Foreclosure
Q1 2008 Nevada Foreclosure Report 2008-05-14 12:27:05 RealtyStore (www.realtystore.com), the nation’s leading provider of foreclosure listings, released its quarterly NevadaForeclosure
Report.
RealtyStore.com recorded 17,307 notices of default (NODs) statewide for Q1 2008. This was a 32% increase from those recorded in Q4 2007 and a 139% jump over Q1 2007. An NOD is filed by the lending institution, when a homeowner falls [...]
Three Things That Won’t Help End the Foreclosure Crisis 2008-05-16 13:31:34 Dean Baker and Liz Chimienti from the Center for Economic and Policy Research share their view on the foreclosure crisis.
The government is stepping up to help home owners keep their houses while protecting the economy from going deeper into recession as the US housing market declines. With foreclosure rates rising every day there are [...] Read more:Three
, Foreclosure
, Crisis
One Man, Nine Foreclosures 2008-05-15 20:33:56 Home owners who get into investment real estate should be very careful about exceeding their spending limits, like Shawn Forgaad. Read his 9 home foreclosure story…
“Shawn Forgaad, software product manager from Santa Cruz, Calif., says he speculated in a major way during the boom, buying nine houses with Pay Option or negative amortizion loans. Now [...] Read more:Foreclosures
, One Man
Foreclosure Forecast Grim 2008-05-22 12:20:59 Union-Tribune staff writer, Emmet Pierce, covers the San Diego foreclosure market. In his latest article, he states:
“Nearly 50 San Diego County dwellings per day were lost to foreclosure in April, as the tally of mortgage failures rose 169 percent above last year, DataQuick Information Systems reported yesterday.
Buckling under the weight of risky adjustable-rate loans, many [...] Read more:Foreclosure
, Forecast
Real Estate Banking Trickery Revealed 2008-05-27 11:01:34 It may be the biggest case of legal thievery of the U.S. consumer in history. The real estate crisis is turning out to be anything but a normal market correction. The national foreclosure epidemic has topped 2.4 million foreclosures and like a locomotive it’s racing full speed ahead.
America’s foreclosure epidemic has widened and its tentacles [...] Read more:Estate
, Real Estate
Single-family Home Prices Tumble in March - Reutres 2008-05-28 15:56:51 Joanne Morrison article reviews US single-home market using short term economic indicators to predict future trends for our housing market.
Prices
of U.S. single-family homes plunged a record 14.4 percent in March
from a year earlier, while consumer confidence slumped to its lowest in 16 years in May as gasoline prices surged.
The Standard & Poor’s/Case Shiller [...]
Survey Shows Mortgage Lenders Lost Confidence 2008-06-02 22:42:42 A majority of Americans have lost confidence in mortgage lenders and banks as a result of the credit crisis, according to a new survey by Housing Predictor.
The poll indicates that the majority of those surveyed have lost trust in the nation’s banks and mortgage lenders. Mortgage
companies and lenders went on a free-wheeling lending spree [...] Read more:Lenders
, Confidence
, Mortgage Lenders
Tampa Foreclosure Scams Beware 2008-06-02 13:35:24 Be careful homeowners, do not be one of the victims in Florida, specifically Tampa
foreclosure scams.
Foreclosure
Scams Lurking In Your Neighborhood
Delinquent homeowners looking to break free from default notices are getting tricked by brokers promising to save them from foreclosure, only to make off with thousands in fees or what home equity is left.
Take rent-to-buy [...] Read more:Beware
Luxury Homes in Napa Valley Falling into Foreclosure 2008-06-04 11:26:10 Peter Y. Hong (LATimes) serves up hors d’oeuvres, fine wine and a little bit of foreclosure news. Hong explains how the foreclosure wave has moved past the guarded gates and into Napa Valley
’s exquisite high-end real estate housing market.
Buyers last week of a Spanish-style, 3,220-square-foot house on a cul-de-sac here got a bargain: $1 million [...] Read more:Luxury
, Homes
, Foreclosure
, Napa Valley
Foreclosure Crisis to Grow Before it Shrinks 2008-05-26 10:59:52 In a recent article, North County Times writer, Zach Fox, predicts the fate of the California housing market through the end of this year.
“Just as April’s sales data was the best in months and provided some encouragement for real estate agents, the month’s huge foreclosure numbers offered more ammunition to housing market bears who see [...] Read more:Foreclosure
, Crisis
Foreclosure Scams Lurking In Your Neighborhood 2008-05-23 16:24:06 Matt Woolsey with Forbes.com alerts people of foreclosure scams who are interested in purchasing a foreclosure property.
“Delinquent homeowners looking to break free from default notices are getting tricked by brokers promising to save them from foreclosure, only to make off with thousands in fees or what home equity is left.
“Take rent-to-buy scams. In [...] Read more:Foreclosure
, Neighborhood
Government Foreclosure Help Not Turning Out As Expected for FHA Secured Loans 2008-05-19 13:46:08 CNNMoney.com writer, Les Christie, criticizes the U.S. government’s plan to help homeowners from foreclosure.
“Several months ago the Bush administration came up with a great plan to fix the foreclosure problems plaguing the U.S.: The FHA Secure Loan. This loan was to be made available to homeowners who were having, or had, their variable interest rates [...] Read more:Foreclosure
, Government
, Expected
, Loans
Evander Holyfield Estate In Foreclosure - Auction Date: July 1st 2008-06-05 19:01:55 Former heavyweight boxing champion, Evander Holyfield
, recently joined the ever-growing list of celebrity foreclosures. Holyfield appears to be having financial problems. The home, whose estimated value is around $10 million, is going to be auctioned off to the highest bidder on July 1, 2008.
Interested in purchasing Evander Holyfield’s home? If so, you can get the [...] Read more:Estate
, Foreclosure
, Auction
NY Times - 10% of All U.S. Homeowners Face Loan Problems 2008-06-05 16:59:32 NY Times
writer, Michael M. Grynbaum, says 10% of all U.S. homeowners could be facing trouble with their mortgages.
“Nearly 1 in 10 American homeowners with a mortgage faced foreclosure or fell behind in their payments in the first three months of the year, according to a report released Thursday, a figure that offers a look [...] Read more:Homeowners
CNN - Homes in Foreclosure Top 1 Million 2008-06-05 16:58:03 CNNMoney.com writer, Chris Isidor, talks about the latest static - over 1 million home foreclosures reported in the first quarter of 2008. We will see nationwide foreclosure rates increase before they decrease, making 2008 a great time for home buyers to invest or purchase a new home.
More than one million homes are now in foreclosure, [...] Read more:Foreclosure
, CNN
, Homes
Arizona Foreclosure Activity Surges 304% in Q1 2008 2008-06-05 09:27:18 Santa Barbara, CA June 5, 2008 — RealtyStore (www.realtystore.com), the nation’s leading provider of foreclosure listings, released its quarterly ArizonaForeclosure
Report.
Declining home values, mounting inventory and slowing residential construction have led to skyrocketing foreclosure rates in Arizona. For Q1 2008, 1 out of every 80 Arizona households received an auction notice, al Read more:Activity
, Surges
NY Times - Will Tomorrow Be The Next Mortgage Bust? 2008-06-09 19:15:50 As we all know, timing is everything, especially in the real estate market. The question on every home buyer and investor’s mind is - should I invest in a home today, in a month, or a year from now? Predicting the future is not possible. However, we can make pretty accurate assumptions. The Opinion [...] Read more:Times
, Mortgage
Wall Street Journal: Ed McMahon May Lose Beverly Hills Home 2008-06-09 19:13:59 Proof that the foreclosure crisis is affecting not just the lower and middle classes, James R. Hagerty and Glenn R. Simpson of the “Wall StreetJournal
” bring you the scoop on Ed McMahon
’s recent announcement regarding his mansion’s pending foreclosure.
By JAMES R. HAGERTY and GLENN R. SIMPSON
June 4, 2008; Page A3
“Ed McMahon, the longtime sidekick [...] Read more:Beverly
, Hills
, Wall Street
, Wall Street Journal
Reuters - Attn. San Diegans: Buy a House, Get one Free! 2008-06-10 15:49:00 The housing crisis could not get much better for serious real estate investors. A San Diego housing developer has helped put it all in perspective. Through June, Michael Crews Development is extending an offer that essentially grants the buyer of one of his luxury estates a second home–for FREE!
Reuters
June 3, 2008
“SAN DIEGO - As though [...] Read more:House
AP - Lenders Slash Prices on Foreclosed Houses as Numbers Surge 2008-06-10 11:30:03 Mortgage and Trust Deed lenders are growing desperate to reclaim their assets on loans in default. A recent Associated Press article explains how the current market situation, however bad it may seem, is opening up a world of opportunity for qualified buyers looking to save money on a home investment through auctions and “Short [...] Read more:Lenders
, Prices
, Numbers
, Surge
Housing Crisis puts HUD Under Scrutiny - WA Post 2008-06-11 20:09:22 Proof that hindsight is 20-20, a three-page report issued Tuesday, June 10, 2008, by the Washington Post made it clear that HUD is currently in the spotlight, given how many of their borrowers have entered or lost their homes to foreclosure. Not only are real estate professionals looking in their direction and shaking their heads, [...] Read more:Housing
, Crisis
New York Skyscrapers for Sale - AFP 2008-06-13 16:32:33 You might never have considered who owns the skyscrapers in New York
City, but a report by the AFP issued this morning would indicate that many of them are owned by big businesses. Just like the rest of the Nation, entrepreneurial companies invested in real estate during the real estate boom. Not surprisingly, some [...] Read more:Skyscrapers
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