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short sales: News of Rising Foreclosures! - 04/06/10 12:25 PM
Foreclosures Are Rising
Published: Tuesday, 6 Apr 2010 | 1:09 PM ET Text Size By: Diana Olick
CNBC Real Estate Reporter
The new foreclosure wave is here.
Yes, banks are ramping up loan modifications and ramping up short sales and ramping up deeds in lieu of foreclosure, but the plain fact is that as the systems are oiled, the loans are moving through faster, and the pig in the python is showing its face.
We won't get the numbers until next week, but sources tell me they will likely be a new monthly record.
Tens of thousands of … (1 comments)
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short sales: U.S. FORECLOSURE FILINGS RISE 7 PERCENT - 08/18/09 10:40 AM
U.S. FORECLOSURE FILINGS RISE 7 PERCENT
IRVINE, Calif. (RealtyTrac) - Foreclosure filings were reported on 360,149 U.S. properties in July, an increase of nearly 7 percent from the previous month and a 32 percent increase from July 2008, according to RealtyTrac's July 2009 U.S. Foreclosure Market Report.
"July marks the third time in the last five months where we've seen a new record set for foreclosure activity," noted James J. Saccacio, CEO of RealtyTrac.
"Despite continued efforts by the federal government and state governments to patch together a safety net for distressed homeowners, we're seeing significant growth in both the initial … (1 comments)
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short sales: Short Sales! They're a ton of work, you get everything in and then the bank won't cooperate! - 08/06/09 10:35 AM
I've been working this short sale. My seller has 6 kids, has not made a payment since April of 08 and I assembled the short sale package, HUD1 and get it over to the bank. The property has three liens, tax lien, mechanics lien and HOA lien. The HUD inclorporates all of this. The bank send short sale approval but will not pay off the liens. Now what sense does that make? The tax lien has priority over the others and will end up getting paid whether or not they have to foreclose. Wouldn't it be a lot easier for the … (4 comments)
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short sales: DFW COMMERCIAL FORECLOSURE POSTING RISE - 07/22/09 09:22 AM
DFW COMMERCIAL FORECLOSURE POSTINGS RISE
DALLAS (Dallas Morning News) - Commercial foreclosure filings in Dallas-Fort Worth have risen 12 percent during 2009, according to Foreclosure Listing Service.
Throughout the first part of the year, 1,245 commercial properties have been posted for foreclosure, up from 1,116 for the same period in 2008.
"The largest gain in postings was a 109 percent surge in foreclosure notices filed on office buildings," according to George Roddy, Foreclosure Listing Service president. Roddy added that 138 postings have been filed on office buildings, compared with 66 during the first seven months of 2008.
Foreclosure filings on shopping … (0 comments)
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short sales: Yes, Size Matters: Inaccurate Square Footage Invites Trouble - 12/18/08 07:34 PM
Yes, Size Matters: Inaccurate Square Footage Invites TroubleBe careful about what numbers you use in your real estate marketing and MLS data. Measurement errors, even small ones, can mean thousands of dollars and are landing real estate professionals in court. By D. Hampton "Hamp" Thomas September 2008
Square footage is one of the most basic tools of real estate. Salespeople often use it as they add listings to the MLS or write advertising copy.
Yet, few real estate practitioners are likely to have ever questioned a property's square footage as they copied it from the tax records, the developer's floor … (5 comments)
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short sales: The New Tax Laws - What's Up for April 15th? - 11/07/08 09:45 AM
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short sales: Short Sales & Foreclosures??? How to determine how to proceed......... - 10/20/08 08:42 PM
Changing Markets - I am very concerned about the mortgage crisis not only for its affect on the real estate business but more importantly for its affect on homeowners. The more important thing to understand is that not only are those with subprime loans affected, today we are seeing more and more defaults by homeowners with conventional, "A" paper loans.
Because of the magnitude of the problem, I have received my designation as a Certified Distressed Property Expert (CDPE). I have learned the tools, information and tactics to effectively help homeowners who are in financial distress. I will and can be an advocate to help homeowners … (0 comments)
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short sales: Facing Foreclosure? Possible Short Sale? - 10/19/08 11:44 AM
You're facing foreclosure- is a short sale the answer?
For those that know me personally, you know that I am always looking for ways to assist my clients. I am continually learning about the changes in 'our' market and use that knowledge to best serve my client base. As this market is changing every day, we are seeing a lot of families losing their homes for a number of different reasons and hardships.
If you or anyone you know is having problems with a property in my area, give me a call. I am a Certified Distressed Property Expert (CDPE), … (0 comments)
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short sales: Facing Foreclosure? Considering a Short Sale? - 10/19/08 11:10 AM
This real estate market has caused great stress and heartache.
As a Certified Distressed Property Expert and REALTOR, I can give you the expertise necessary to save your credt, relieve the uncertainty and most of all help your family. Let me show you the options you have. My goal is to keep family in their homes.
Contact me, Debbie Gill and lets get started towards a path of recovery.
(972)877-6147 Cell or email me at DebbieGill@KW.com
Keller Williams Realty, Coppell, TX
www.DebbieSellsDFW.com
… (0 comments)
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short sales: Home Prices Seem Far From Bottom - 10/18/08 10:14 AM
Home Prices Seem Far From Bottom
In New York and other cities that rely heavily on the financial sector, economists expect that job losses will increase and that pay heavily tied to year-end bonuses will decline significantly.
One reliable proxy of housing values -- the ratio of home prices to rents -- indicates that in many cities prices are still too high relative to historical norms.
In Miami, for instance, home prices are about 22 times annual rents, according to analysis by Moody's Economy.com. The average figure for the last 20 years is just 15 times annual rents. The difference … (0 comments)
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Debbie Gill, 972-877-6147 Coppell TX Real Estate Professional
Coppell,
TX
More about me…
Keller Williams Luxury Homes, Short Sales (972-877-6147)
Address: Coppell, Grapevine, Irving, Carrollton, Lewisville, Flower Mound, Colleyville, Trophy Club, Southlake, Keller, Hurst, Euless,, Bedford, Arlington, Plano, Allen, Lucas, Fairview, Highland Village, Argyle, Bartonville, Denton, Sanger, Richardson,Lake Dallas, TX
Office Phone: (972) 350-5000 x 5052
Cell Phone: (972) 877-6147
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