Foreclosures on the Rise Again
After a year-long reprieve from rising foreclosures, the numbers are going up again.
Robo-Reality: Final Foreclosures Fall as Pipeline Swells
The number of new foreclosures in 2011 dropped nearly 40 percent, according to year-end numbers just released by Lender Processing Services; there is, however, little cause for celebration.
Average Foreclosure Time Sets New Record
Foreclosures are setting new records again, this time not in their overall numbers, but in the time it is taking for all of these properties to be processed through the legal system. The average loan in foreclosure has now been delinquent a record 631 …
Lawmakers Contradict on Speeding up Foreclosures
Wednesday morning House Committee on Oversight and Government Reform Ranking Member Elijah Cummings issued a press release detailing a letter he sent to the conservator of Fannie Mae and Freddie Mac, FHFA Acting Director Ed DeMarco.
Home Builders See Signs of Hope
Despite rising foreclosures and weak consumer confidence, the nation’s home builders are seeing signs of hope in housing. Home builder confidence rose for the second straight month in November, according to the National Association of Home Builders’ mo…
Private Investor Says Don’t Enter into Foreclosures Lightly
I thought I would share a response to yesterday’s blog on the Obama Administration considering selling Fannie and Freddie’s foreclosed properties in bulk to private investors. Rick Sharga used to work, and speak, for RealtyTrac, a well-known foreclosur…
When Investing in Foreclosures, Turn-Key is Key
It was just hitting 105 degrees in Dallas when Phillip Carter herded a group of Australian investors onto a bus and headed out to see some previously foreclosed properties. Cowboy to cowboy, Carter tells them the Dallas market is ripe for profit, as re…
Flood of Foreclosures Heading to Housing Market
New foreclosure starts rose sharply in August, signaling a slew of foreclosed properties will be dumped on the already bloated housing market in early 2012.
Housing’s Double Dip Part II: Rising Foreclosures
Just as we saw a double dip in home prices, we may be seeing another surge in foreclosures.
New Push to Unload Bank-Owned Properties Squeezes Out Investors
As big banks and Fannie Mae and Freddie Mac spacer push foreclosures through the pipeline, the inventory of REO (bank-owned) properties is rising. That pushes distressed and overall home prices down.
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