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Category Archives: Foreclosure
Trulia says more foreclosures coming. Do you know how to sell a 203K home?
Real estate research and marketing firm Trulia said employment figures improved slightly at the end of 2011, making it possible for more borrowers to pay their mortgages next year. While Trulia says this trend could reduce 2012 delinquencies, the company … Continue reading
Posted in 203k Rehab Loan, Foreclosure, Real Estate News, REO
Tagged 203k, 203k contractor, 203k home impovment loan, 203k loans, 203k Los Angeles, 203k Orange County, 203k remodeling, California home sales, Foreclosure, Foreclosure Wave, orange county 203k contractor, REO, robo signing, robo-signing mess, robosigning, trulia
2 Comments
REO Properties Are Moving Faster
Homebuyer demand appears to be intensifying, especially among lower-priced REO properties, according to the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey released Tuesday. Time-on-market for move-in ready REO was just 10.1 weeks in November, the lowest in 15 months, according to … Continue reading
Posted in Foreclosure, Real Estate News, REO
Tagged abandoned foreclosures, California Foreclosure, Fix and Flip, Foreclosure activity, move-in ready REO, Orange County fix and flip, orange county remodeling contractor, Orange County REO, Orange County Short Sales, REO, reo contractor, REO properties, short sale
1 Comment
BofA Develops Rental Program
Bank of America is looking at a new program to rent a home back to the borrower after foreclosure. ”There are programs that we are quite interested in,” said Ron Sturzenegger, who leads the bank’s legacy asset servicing division. “We … Continue reading
Posted in Foreclosure, Real Estate Investing, REO
1 Comment
Las Vegas No Longer Top Foreclosure City, Hello Stockton Calif.
Las Vegas is no longer the top foreclosure city in the country. A new Nevada law that went into effect in October caused many mortgage servicers to pause the foreclosure process, knocking Vegas off the spot it held for 22 … Continue reading
Posted in Foreclosure, Real Estate News, REO
Tagged 203k contractor, 203k home impovment loan, 203k home improvement, 203k Los Angeles, 203k Orange County, Foreclosure, Home Improvment, Home Remodeling, las vegas forclosure, orange county remodeling contractor, REO, stockton california 203k, stockton forclosure
1 Comment
Foreclosure Timeline Lengthened 140 Days Over Last Year
Mortgages backing homes that were foreclosed on in September had been delinquent for an average of 624 days, according to Lender Processing Services (LPS). That’s up from 484 days in September of last year, just before the processing issues surfaced. … Continue reading
Years of Foreclosures Ahead
The housing market faces several more years with 800,000 to 1 million new foreclosed properties per year, according to Rick Sharga, an executive vice president with Carrington Mortgage Services. Sharga recently left RealtyTrac, where he helped build a network that … Continue reading
