father time auctions and real estate: Imperial MO 3BR 2BA House Auction July 21 at 6PM. Father Time Real Estate Auctions St Louis MO - 07/19/10 01:59 AM
Spacious 3 bedroom 2 bath home, deck, fenced backyard and basement will be sold at public auction on Wednesday July 21 at 6PM CST subject to seller confirmation.
5577 Pierce View Lane, Imperial, MO 63052
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father time auctions and real estate: Regulators Seize Control of Three More Community Banks - 06/28/10 11:23 AM
Banks in Florida, Georgia, and New Mexico were shut down over the weekend, bringing the number of failed FDIC-insured institutions to 86 for the year. That’s nearly twice the number of closings at this time last year.The FDIC says it expects bank failures to peak in the latter half of 2010. The agency has earmarked $40 billion to cover institutional closings between March 2010 and March 2011. Total losses to the FDIC’s insurance fund are projected to tally $100 billion from 2009 through 2013 as community banks continue to fold under the weight of bad real estate loans made during the … (0 comments)

father time auctions and real estate: Fannie Mae Intensifies Penalties for Strategic Defaulters - 06/24/10 11:25 AM
Despite being able to afford their monthly mortgage payments, some borrowers are walking away from their homes based on the sheer fact that the property is currently worth less than what is owed. This phenomenon, dubbed “strategic default,” isn’t looked upon kindly, as it unnecessarily adds to the growing number of foreclosures across the nation.In an effort to sway homeowners away from this growing trend, Fannie Mae announced policy changes on Wednesday designed to encourage borrowers to work with their servicers and pursue alternatives to foreclosure.Under these changes, defaulting borrowers who walk away and had the capacity to pay or did … (1 comments)

father time auctions and real estate: 5 Reasons Vacant Homes are Tough to Sell in Today’s Market - 04/12/10 03:19 PM
A vacant house is like a vacant stare. Something is just not right.Trying to sell a vacant house adds obstacles and depresses the sales price, says Showhomes, a nationally franchised home staging company. Showhomes uses live-in home stagers to lower the cost of staging and produce faster home sales. Take a look at their top five reasons why selling a vacant house is often a mistake in today’s market:1. People don’t simply buy houses; they buy the next chapter of their lives.This is an emotional experience and emotion influences what people buy and how much they will pay. Vacant houses are … (2 comments)

father time auctions and real estate: Distressed Sales Take Larger Share of Market: First American - 04/09/10 08:24 AM
Distressed properties, including short sales and REOs, accounted for 29 percent of all home sales in the United States in January, according to new data released Thursday by First American CoreLogic.The company says it’s the highest level of distressed transactions since April 2009, and not too far off from the peak in January 2009 when distressed sales accounted for 32 percent of all sales transactions.After declining through most of 2009, the rebound in distressed sales occurred due to increases in both the REO and short sales shares.According to First American CoreLogic’s analysis, REO sales increased to 22 percent in January 2010, … (0 comments)

father time auctions and real estate: Government, Agents, Lenders, Vendors: United When It Comes to HAFA - 04/07/10 03:33 PM
The administration’s Home Affordable Foreclosure Alternatives (HAFA) program is in effect, and players from every corner of the industry – agents, lenders, and technology vendors – are teaming up and working in unison to help ensure the short sale program’s success.Monday evening, on HAFA’s debut, RE/MAX co-founder and chairman Dave Liniger held an informational Webinar for the company’s agents, broadcast live from the RE/MAX studios in Colorado. Liniger pulled in some heavy-hitters to provide his agents with the insight, answers, and tips they need to become integral spokes in the HAFA wheel.First on stage was one of the administration’s driving forces … (0 comments)

father time auctions and real estate: Fed's William Emmons on Real Estate and Economy - 04/07/10 03:25 PM
Federal regulators and economist have been warning the industry, the public, and the administration for a good many months now about the devastation a commercial real estate (CRE) meltdown could leave in its wake.On Tuesday, a gentleman personifying both factions of these red-flag-raisers – William Emmons, economist and assistant vice president at the Federal Reserve Bank of St. Louis – spoke to attendees at The Five Star Institute’s Commercial Default 360 event in Dallas.Emmons cited three primary risks to the nation’s economy and fragile recovery: unemployment; the probability that recent high rates of productivity won’t continue; and that ever-pressing matter of … (0 comments)

father time auctions and real estate: The Recession That Made Us Great – Reinvention of the Real Estate Agent - 04/06/10 03:42 PM
Economic conditions, changing consumer demands and new technologies have dramatically transformed the real estate industry and continue to reinvent the role of the real estate agent.The recession shined a light on the value of productive real estate professionals because of the consumers’ need for superior real estate guidance in our very complex market. So how can agents elect to stand out?Leverage New Opportunities.The recession cleansed the real estate industry of agents who may not have truly been committed to the profession and is alternately rewarding Realtors who have stepped out of their market niche to explore the opportunities today’s economy affords … (2 comments)

father time auctions and real estate: TARP Repayments Reach $181 Billion - 04/06/10 03:35 PM
The Treasury Department announced Friday that it has received a total of $181 billion from companies to repay their government bailouts.The new figures were released after the Treasury collected full repayment on Troubled Asset Relief Program (TARP) money given to insurance and investment firm Hartford Financial Services Group, Inc. in the sum of $3.4 billion, as well as a final dividend payment of about $21 million. Automaker General Motors also repaid $1 billion of the $6.7 billion in loans it received as part of a $50 billion rescue package.Treasury officials say the amount of TARP investments settled by bailed-out firms so … (1 comments)

father time auctions and real estate: How Did Some Housing Markets Bypass the Bust? - 04/06/10 03:09 PM
With all the negative news and lackluster market indicators, it may seem as though the entire country is neck-deep in the worst housing slump most of us have ever seen. But a new study by two officials at the Federal Reserve Bank of New York indicates otherwise. They’ve concluded that much of the United States has been largely insulated from the boom-and-bust volatility of the most recent residential real estate cycle.The research report, written by Jaison R. Abel, an economist at the New York Fed, and Richard Deitz, a research officer in the bank’s microeconomic and regional studies division, focuses in … (2 comments)

father time auctions and real estate: Revamped Good Faith Estimate Criticized as Impeding New Mortgages - 04/06/10 03:01 PM
If you’re a prospective home buyer exploring real estate this spring, there’s plenty to learn about, from bank-owned properties to the strict criteria for getting a mortgage these days. And now the federal government has added something to the mix, aimed at helping buyers shop for loans: the revamped Good Faith Estimate.
Designed by the U.S. Department of Housing and Urban Development (HUD) to help borrowers better understand the terms of their loans, the new three-page form has been a required part of the mortgage application process since Jan. 1, 2010.
In some ways, the form is doing its job, experts … (0 comments)

father time auctions and real estate: HAFA is Officially Underway - 04/06/10 02:35 PM
The deadline for servicer implementation of the administration’s Home Affordable Foreclosure Alternatives (HAFA) program has arrived.HAFA, which is part of the Home Affordable Modification Program (HAMP), aims to help homeowners who are unable to qualify for a loan modification under HAMP by providing them with the option to pursue a short sale or deed-in-lieu. Under the program, financial incentives are provided to servicers and borrowers who utilize these foreclosure alternatives.As DSNews.com reported, the Treasury Department released HAFA guidelines on November 30, 2009, but participating servicers were not required to implement the program until April 5, 2010. That deadline is now here, … (0 comments)

father time auctions and real estate: Auction 1.5 Story 3BR, Brick 2 bath basement St. Louis, MO 63139 Agents Welcome - 04/06/10 02:21 PM
This lovely 1.5 Story Brick Home 3BR, 2 bath with basement located in St. Louis, MO 63139 will be SOLD to the Highest Bidder at Real Estate Auction on site on Friday April 9, 2010 at 11AM CDT subject to Seller Confirmation. The Home will be sold "As Is, Where Is and With All Faults". Remodeled and updated 1.5 story. 2nd level Master Suite with walk in closets & full bath * Completely remodeled kitchen with maple cabinets - crown molding & ceramic tile flooring * Beautiful hardwood flooring on main level * Zoned HVAC * wonderful yard with privacy fence … (0 comments)

father time auctions and real estate: Only 10% of Realtors Think HAMP is Reducing Foreclosures - 03/05/10 12:47 AM
In an effort to develop a clear view of the real estate market, Homes & Land, a Tallahassee, Florida-based provider of real estate media and marketing, recently asked thousands of real estate agents for their opinions about their local real estate market and published the results in its Market Pulse Survey Report.When asked if the Home Affordable Modification Program “has reduced the rate of foreclosures in your market,” only 10 percent of respondents said yes. Of those remaining, 65 percent responded no, and 25 percent were unsure.“Unfortunately, the data on the program to date and the responses from our survey show … (4 comments)

 
Rick Bauer, St Louis MO Real Estate Auctioneer Realtor CAI GRI (FatherTime® Auctions and Real Estate)

Rick Bauer

St Louis MO Real Estate Auctioneer Realtor CAI GRI

Saint Louis, MO

More about me…

FatherTime® Auctions and Real Estate

Address: 2850 Lawndell Drive, St. Louis, MO, 63144

Office: (314) 962-4200

Mobile: (314) 614-3841

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Father Time Auctions is a full service provider of real estate disposition services including live open-outcry, sealed bid and online real estate auctions. Residential / Commercial / Farm and Land We are Real Estate Brokers and Agents that sell real estate to the highest bidder at auction.


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