Helpful Mortgage And Real Estate Advice

Tag: Foreclosures

Advantages and Disadvantages of Different Foreclosure Purchase Scenarios

By on December 9, 2014 in Home Buying Advice

Today, according to RealtyTrac, the median sales price for a foreclosure property is averaged out to be 36% lower than that of a non-distressed one. The comparison in dollar amount is $127,000 vs $200,000. So, why aren’t people buying them? Distressed properties can be a great bargain for many buyers. However, there are a few […]

Continue Reading »

RealtyTrac September 2014: Top Five Foreclosure States

By on November 13, 2014 in Market Updates, Mortgage Infographics
RealtyTrac September 2014: Top Five Foreclosure States

According to RealtyTrac, the nation’s leading source for comprehensive housing information, there are a total of 1,039,021 properties currently in some state of foreclosure as of October 2014 increasing by as much as 15% from the last report in September. Though the percentage of properties increased when compared with September’s report, it is still 8% […]

Continue Reading »

May 2014: RealtyTrac’s Top Foreclosure States

By on July 16, 2014 in Market Updates
May 2014: RealtyTrac’s Top Foreclosure States

According to the most recent foreclosure reports from RealtyTrac, as a nation there were currently 1,100,671 properties that were undergoing some stage of foreclosure in May. The number of foreclosures filed during that month was 5% lower than the month of April. When compared with the same time last year it was 26% lower. The […]

Continue Reading »

Save Our Housing Economy: Help Encourage HARP Refinance Before Deadline

By on July 1, 2014 in Mortgage Programs
Save Our Housing Economy: Help Encourage HARP Refinance Before Deadline

Between 2013 and 2014, home refinancing numbers dropped 56 percent, showing a market halt to an otherwise recovering housing industry. One of the key factors may have been rising interest rates, reflecting values based on credit scores. Rates were even smaller in 2012 at slightly lower than 4 percent. The need for refinancing is still […]

Continue Reading »

May 2014: RealtyTrac’s Top Foreclosure States

By on June 21, 2014 in Market Updates
May 2014: RealtyTrac’s Top Foreclosure States

Foreclosures for the month of May has dropped since the month of April according to the most recent RealtyTrac report. When compared between both months, there was a 15,231 difference in properties that are currently in some stage of foreclosure. During the month of May, the properties that filed for a foreclosure was 5% lower […]

Continue Reading »

Current Economic Situation of Today’s Top 10 Most Populated States

By on June 5, 2014 in Market Updates
Current Economic Situation of Today’s Top 10 Most Populated States

We all know that there are tons of overpopulated cities across the nation, but what are the top states exactly with the most residents? It seems like the more populated a city is, the more it seems to struggle when the economy start to head downhill. There are several states still struggling to recover from […]

Continue Reading »

Sorting Out Short Sale And Foreclosure Real Estate Deals

By on May 29, 2014 in Home Buying Advice
Sorting Out Short Sale And Foreclosure Real Estate Deals

Purchasing an existing home with motivated sellers is much simpler than looking for those deep discounts with short sales and foreclosures. Financing these special real estate cases, including new construction, takes some patience and consideration of extra paperwork. The loan approval process is slightly different, making it critical to follow the deadlines and paper trail […]

Continue Reading »

April 2014: RealtyTrac’s Top 5 Foreclosure states

By on May 25, 2014 in Market Updates
April 2014: RealtyTrac’s Top 5 Foreclosure states

According to the most recent foreclosure reports from RealtyTrac, as a nation there were currently 1,132,523 properties that were undergoing some stage of foreclosure in April. The number of foreclosures filed during that month was 1% lower than the month of March. When compared with the same time last year it was 20% lower. The […]

Continue Reading »

FHFA February 2014 Report: Top 10 HARP Refinance States

By on April 30, 2014 in Market Updates
FHFA February 2014 Report: Top 10 HARP Refinance States

According to the most recent report presented through the Federal Housing Finance Agency (FHFA), HARP Refinances have decreased possibly due to rising mortgage rates of four to four and a half percent since June 2013. As of March 2014 there are a total of 48,000 foreclosures completed, which is a pretty high amount since 2008. […]

Continue Reading »

March RealtyTrac Report: Nation’s Top 5 Foreclosure States

By on April 14, 2014 in Market Updates
March RealtyTrac Report: Nation’s Top 5 Foreclosure States

According to the most recent RealtyTrac report, there are currently 1,162,056 properties in some stage of foreclosure across the nation as of March 2014. Filings for foreclosure in the U.S. was 4% higher than the month prior and 23% lower than the previous year. The top five states within the highest foreclosure filing in March […]

Continue Reading »

CFPB Putting an End to the Growing Trend of Zombie Foreclosures

By on March 18, 2014 in Market Updates
CFPB Putting an End to the Growing Trend of Zombie Foreclosures

Zombie foreclosures are still trending, since the start of the housing crisis. There is an estimate of two million properties foreclosed that have still not yet recovered according to various sources. The Consumer Financial Protection Bureau (CFPB) now has plans to try and stop this growing trend as announced in a Common Ground Conference. At […]

Continue Reading »

February 2014: Realtytrac’s Top 5 Foreclosure States

By on March 13, 2014 in Market Updates
February 2014: Realtytrac’s Top 5 Foreclosure States

According to a most recent Realtytrac (the leading online marketplace of foreclosure properties, along with detailed property and home sales data) report released for the month of February 2014, there are currently 1,196,954 properties that are in some stage of foreclosure in the United States today. The number of foreclosure filings received for the month […]

Continue Reading »

December 2013: FHFA’s Top 10 HARP Refinance States

By on March 3, 2014 in Market Updates
December 2013: FHFA’s Top 10 HARP Refinance States

The Federal Housing Finance Agency (FHFA) released its most recent HARP Refinance Activity report for December 2013. Ending the year of 2013, Florida had the highest HARP Refinance volume along with the most underwater borrowers with LTV’s greater than 125 percent. Underwater homeowners nationwide have been able to reap the benefits of the unique refinance […]

Continue Reading »

RealtyTrac – Foreclosure Report: January 2014

By on February 17, 2014 in Market Updates
RealtyTrac – Foreclosure Report: January 2014

There was a spike in foreclosure numbers interpreted in the most recent report released by RealtyTrac (the nation’s leading source of comprehensive housing data). The U.S. saw an 8 percent increase in January and double digit increases in several states. There were a total of 124,419 reported U.S. properties, one in every 1,058 housing units […]

Continue Reading »

December 2013 RealtyTrac Report: Top 5 Foreclosure States

By on January 28, 2014 in Market Updates
December 2013 RealtyTrac Report: Top 5 Foreclosure States

RealtyTrac (the leading online marketplace of foreclosure properties) recently released their most recent data report for the top five states with the most foreclosures as of December 2013. There was quite a bit of shifting of states since the last report in November, this time adding Utah and Nevada to the list and leaving South […]

Continue Reading »

Top