The increase in home ownership has been accompanied in many countries by record foreclosure rates, particularly during the recession. Just a couple of missed mortgage payments can start foreclosure proceedings, and before you know it the house you’ve worked so hard to buy can be taken away from you. Worse yet, you may still end up owing money if the sale of the home doesn’t cover your loan balance, and a foreclosure hits your credit like a freight train. If you’re threatened with foreclosure you may be able to prevent this scenario, but you’ve got to act fast. Make … (0 comments)
foreclosures: Ten Ways to Delay a Bank Foreclosure Auction on Your House
- 05/27/15 01:03 AM
David Cooper Home Loan Advocate Ask what it will take to stall foreclosure: Lenders may have programs in place designed to help homeowners. These types of programs have been facilitated by government subsidies as part of the 2009 economic bailout plan that provides help for homeowners. Ask what your lender can do and they can give you information about any programs they have to help homeowners. Begin negotiations or refinancing efforts: The foreclosure process may be stalled as you work with your lender to renegotiate or refinance your loan under one of the programs available. Request to see the note or other documents: Under … (0 comments)
foreclosures: Banks offer Distressed Homeowners $10000 for Short Sale
- 05/26/15 07:57 AM
What is a Short Sale?A short sale happens when the lender is shorted on a mortgage, meaning the lender accepts less than the total amount that is due. If your mortgage is $100,000, but your home is worth, say, $90,000, you are $10,000 short, not including costs to close the sale such as real estate commissions, recording fees or title and escrow charges. It is possible to have a short sale if your mortgage balance matches the sales price because there are still closing costs that will throw the sale into “short” territory. Sometimes, to avoid going through the cost of foreclosure, a lender will sanction a short sale by letting … (0 comments)
foreclosures: Bank Owned REO Foreclosure Homes Sold for 87 Percent of Market Value
- 05/21/15 12:20 AM
http://www.lasvegaswinner.org/home The average sale price of REOs sold in the first quarter was 87 percent of the average estimated market value of those same properties at the time of sale. In some markets REOs sold at a much higher price-to-value ratio, including San Diego, California (100 percent), Charlotte, North Carolina (100 percent), San Francisco, California (97 percent), Bakersfield, Carolina (97 percent) and Portland, Oregon (97 percent). “We’ve seen distressed inventory work its way through the auction and REO process at a varying pace depending on local market conditions and price points,” covering the Southern Californiamarket. “The uptick in April is a natural part of … (0 comments)
foreclosures: Real Estate Prices Increase as Spring Home Buying Season Begins
- 05/11/15 01:48 AM
The median existing single-family home price increased in 85 percent of measured markets, with 148 out of 174 metropolitan statistical areas (MSAs) showing gains based on closings in the first quarter compared with the first quarter of 2014. Twenty-five areas (14 percent) recorded lower median prices from a year earlier. The number of rising markets in the first quarter was mostly unchanged compared to the fourth quarter of last year, when price increases were recorded in 85 percent of metro areas. Fifty-one metro areas in the first quarter (28 percent) experienced double-digit increases, a sharp increase from the 24 metro areas … (0 comments)
foreclosures: How to Sell Foreclosure Real Estate Los Angeles CA For Top Dollar
- 05/04/15 03:24 AM
Bar none the most important factor to help you get the most for How to Sell Foreclosure Real Estate Los Angeles CA For Top Dollar is pricing it correctly from the start. Find an experienced Real Estate Agent in your area that knows the fair market value of homes and use their expertise to help gauge where your home should be listed at. Priced competitively from the onset gives your property the very best opportunity to get seen and sold. READ MORE FORECLOSURE REAL ESTATEhttp://www.losangelesforeclosures.biz/how-to-sell-foreclosure-real-estate-los-angeles-ca-for-top-dollar/ … (0 comments)
foreclosures: List of Foreclosed Homes Los Angeles
- 05/03/15 01:17 AM
List of Foreclosed Homes Los Angeles The first two steps in buying a foreclosure home should happen almost simultaneously: Find a real estate broker who works directly with banks that own foreclosed homes and get apreapproval from a lender Be prepared to prove source of funds if yours is an all cash offer. Source of funds could be a ard money lender who is willing to put up 65% of the after repaired value of the home, so your offer would have to be 65% below asking price to make the offer All Cash READ MORE LIST of Foreclosed Homes Los Angeleshttp://www.losangelesforeclosures.biz/list-of-foreclosed-homes-los-angeles/
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foreclosures: Wall Street Hedge Funds to Raise Rents 5.6% on Single Family Housing
- 04/30/15 08:32 AM
The largest U.S. single-family home landlords plan to raise their rents as much as 5.7 percent this year as they shift focus from buying real estate to boosting their bottom lines. “In the 2015 rental season, we’re really seeing the ability to move rents,” David Singelyn, chief executive officer of American Homes 4 Rent, the largest publicly traded single-family landlord, with about 35,000 homes, READ MORE Wall Street Real Estate http://www.losangelesforeclosures.biz/wall-street-real-estate-hedge-funds-to-raise-rents-on-single-family-housing/ … (0 comments)
foreclosures: 12 Steps to a Find the Lowest Interest Real Estate Refinance Mortgage
- 04/27/15 04:22 AM
To get the lowest real estate mortgage refinance rates, first prepare your finances and then shop for interest rates with both major banks and loan brokers Here are 12 ways to ensure you lock in the lowest refinance rate possible: READ MORE REAL ESTATE REFINANCE htttp://www.losanagelesforeclosures.biz/real-estate-mortgage … (0 comments)
foreclosures: Home Prices are UP and Sales Are UP as Real Estate is Gaining Strength
- 04/23/15 04:03 AM
April’s Auction.com Nowcast indicates that existing home prices will fall in the range of $201,052 to $222,215 for the month. The targeted price of $211,633 is up by 5 percent from April 2014. The release from Auction.com noted that the existing home sales data for March released Wednesday by the National Association of Realtors (NAR) found that both the annual rate of existing home sales for March (5.19 million) and the existing home price for March ($212,100) were within the ranges for March that Auction.com predicted a month ago in the Nowcast. The existing home price of $212,100 represented an increase of 7.8 … (0 comments)
foreclosures: 10 Ways Contractors Make Your Home Repair a Nightmare
- 04/21/15 09:15 PM
10 Ways Contractors Make Your Home Repair a Nightmare by David Cooper on April 22, 2015 in Uncategorized Even when dealing with licensed pros, homeowners hiring a contractor should seek referrals from past and current clients, and ask to see the contractor’s work, both completed and in progress. “Everyone has their own perspective of what’s good,” says Tom Pendleton, president and owner of Pendleton Homes & Remodeling in McLean, Va. A client might give a contractor a glowing recommendation because he was a nice guy who got the job done ahead of schedule, when the actual work looks sloppy. READ MORE 10-Ways-Contractors http://www.losangelesforeclosures.biz/10-ways-contractors-make-home-repair-nightmare/ … (0 comments)
foreclosures: Flipping Foreclosed Homes Trending Higher in 2015
- 04/21/15 12:04 AM
The rising trend of home flipping around the country seen in Q4 continued to build momentum among investors in nearly every market surveyed in Q1, according Auction.com‘s First Quarter 2015 Real Estate Investor Activity Report released on Monday.The percentage of investors surveyed who said they intended to flip the properties they bought rose by 6.5 percent in Q1 from the previous quarter, according to Auction.com. The rise of that trend was especially evident in the Western States, where the ratio of investors who preferred flipping as a strategy over renting was as high as three to one in some places. The percentage … (0 comments)
foreclosures: Who is Getting $10,000 Cash for Relocation Money From Lenders?
- 04/18/15 09:45 PM
The Home Affordable Foreclosure Alternatives (HAFA) Program provides additional options to avoid costly foreclosures and offers incentives to borrowers, servicers and investors who utilize a short sale or deed-in-lieu (DIL) to avoid foreclosures.HAFA alternatives are available to all HAMP-eligible borrowers who: 1) do not qualify for a Trial Period Plan; 2) do not successfully complete a Trial Period Plan; 3) miss at least two consecutive payment during a HAMP modification; or, 4) request a short sale or DIL. READ MORE http://www.losangelesforeclosures.biz/short-sale-cash/
Free List. Los Angeles Foreclosed Homes http://www.losangelesforeclosures.biz … (0 comments)
foreclosures: Don't Get Cheated Applying for a New Mortgage
- 04/17/15 01:35 AM
Don’t just rely on the list of lenders provided to you by your realtor. Comparison-shop with as many banks and credit unions as possible to get a complete picture of what your options are. Confine your search for a mortgage to a 14-day window. If you keep applying for mortgages beyond a two-week time period, the numerous credit inquires could temporarily lower your credit score. READ MORE http://www.losangelesforeclosures.biz/foreclosed-homes-financing/ FREE LIST Los Angeles Foreclosed Homes & Foreclosure Homes http://www.losanageleswforeclosure.biz … (0 comments)
foreclosures: Real Estate Investors Turn To Crowd Funding For Flipping Homes
- 04/15/15 07:41 PM
This gap has been left by banks that now crowdfunding platforms, like RealtyShares, are able to fill," Nav Athwal, CEO of RealtyShares told CNBC. "They are able to provide quicker, more efficient capital that helps meet the needs of these investors who are looking for speed of execution and the ability to be flexible with their terms as well as with the underwriting standards. Banks just aren't meeting that need." READ MORE http://www.losangelesforeclosures.biz/real-estate-investors-turn-crowd-funding-flipping-foreclosed-homes/
Los Angeles Foreclosed Homes FREE LIST http://www.losangelesforeclosures.biz … (0 comments)
foreclosures: Mortgage Payents Now Cheaper Than Average Rent in Top 76 US Cities
- 04/15/15 10:22 AM
Residential Rental Property Analysis for properties purchased in the first quarter of 2015, which found that the monthly house payment on a median-priced home is more affordable than the monthly fair market rent on a three-bedroom property in 76 percent of the U.S. counties included in the analysis. The report also ranked the markets with the best — and worst — potential returns on residential rental properties from a real estate investor perspective along with the most affordable — and least affordable — markets for renting from a renter perspective. http://www.losangelesforeclosures.biz/monthly-house-payments-now-lower-average-rent-76-us-cities/
Los Angeles Foreclosures & Foreclosure Homes FREE LIST http://www.losangelesforeclosures.biz … (0 comments)
foreclosures: Foreclosures Are Down 66% From 2010 Peak
- 04/15/15 02:32 AM
February 2015's total of 39,000 completed foreclosures nationwide represented a decline of 15.7 percent from the previous February – and a decline of 67 percent from their peak reached in September 2010, READ MORE http://dsnews.com/news/04-14-2015/foreclosure-completions-down-two-thirds-from-2010-peak
Los Angeles Foreclosures & Foreclosure Homes FREE List http://www.losangeleforeclosures.biz … (0 comments)
We Help First Time Home Buyers, Move Up Buyers, Investors Wanting Foreclosures and Below Market Single Family Homes. Los Angeles and Surrounding Cities Foreclosure List … (0 comments)
foreclosures: Down Payment Issues Still Haunt New Home Buyers Slowing Sales
- 04/11/15 02:15 AM
The first point we should look at is that the percent of first time home buyers is still near historical lows. First time home buyers as you would expect come from younger families. Younger Americans came of age during the epic tech bubble and the even more dramatic housing/debt bubble. Across a span of 20 years wages have remained stagnant yet the cost of debt financed items has ballooned (i.e., housing, college tuition, and even glamorous cars). But with housing, much of the growth is dependent on government backed low rate loans. READ MORE http://www.doctorhousingbubble.com/broke-first-time-home-buyer-first-time-buyer-down-payment/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+DrHousingBubble-HowILearnedToLoveSocal+%28Dr.+Housing+Bubble+-+How+I+learned+to+Love+SoCal%29 … (0 comments)
MARKET SUMMARY There are currently 5,415 properties in Los Angeles, CA that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 4,192. In February, the number of properties that received a foreclosure filing in Los Angeles, CA was 5% lower than the previous month and 17% lower than the same time last year. Home sales for January 2015 were down 16% compared with the previous month, and down 9% compared with a year ago. The median sales price of a non-distressed home was $590,000. The median sales price of a foreclosurehome was $340,000, or 42% lower than non-distressed home sales. READ MOREhttp://www.realtytrac.com/statsandtrends/ca/los-angeles-county/los-angeles
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