los angeles real estate for sale: Delinquent Under Water Home Mortgages Declines
- 06/17/15 02:38 AM
While more than a quarter of a million homes regained equity during Q1, the percentage of residential properties with negative equity – commonly referred to as being “underwater” or “upside down,” meaning the borrower owes more on the mortgage than the home is worth –Delinquent Under Water Home Mortgages Declines -year-over-year by about 19.4 percent from 6.3 million homes in Q1 2014 down to 5.1 million homes in Q1 2015. The 5.1 million homes with negative equity in Q1 represent about 10.2 percent of all residential mortgages nationwide. “Many homeowners are emerging from the negative equity trap, which bodes well for a … (0 comments)
los angeles real estate for sale: Todays Foreclosure News California
- 06/12/15 08:35 AM
Los Angeles Foreclosed Homes Zombies still up from a year ago in half of U.S. metrosZombies still increased in 91 of the 183 metropolitan statistical areas analyzed in this report. Major markets where the number of zombies increased from a year ago included New York (up 38 percent), Los Angeles (up 39 percent), Houston (38 percent), Philadelphia (up 19 percent), and Boston (up 14 percent).“We are at the end of a long workout cycle and the distress inventory being processed by banks here are an aggregation of tough foreclosure transactions that have typically evolved with starts and stops to the process but in reality … (0 comments)
los angeles real estate for sale: Banks Offer Up to $10,000 in Short Sale Houses Moving Allowance
- 06/02/15 09:01 AM
David Cooper 310-463-7667 Banks grant short sales for two reasons: the seller has a hardship, and the seller owes more on the mortgage than the home is worth.Even in Foreclosure There is Money in Your HouseThe seller will need to prepare a financial package for submission to the short sale bank. Each bank has its own guidelines, but the basic procedure is similar from bank to bank. A few examples of a hardship are: Unemployment / reduced income Divorce Medical emergency Job transfer out of town Bankruptcy Death The seller’s short sale package will most likely consist of: Letter of authorization, which lets your agent speak to the bank. HUD-1 or preliminary … (0 comments)
los angeles real estate for sale: 5 Income Tax Write Offs That Makes Owning a Home Better Than Renting
- 05/13/15 11:32 PM
Using data collected from the Internal Revenue Service (IRS), we calculated that a homeowner owning a home, who took the average for each of four tax benefits would claim $15,871 in home-related deductions. Those factors are as follows:Homeowners are given access to several tax benefits that renters don’t even know Buy and Hold investments can offer a lot more than monthly rent checks. Critical tax deductions can make huge contributions to your bottom line ever year., do homeowners really save that much more on their taxes than renters? . Interest paid on the mortgage Points paid on the mortgage The total cost of all property … (0 comments)
los angeles real estate for sale: What Neighborhood Grade Makes Good Real Estate Investment
- 05/12/15 07:56 AM
Low Income (“C” and “D” grade neighborhoods)Low income neighborhoods generally have a large portion of their residents on government assistance (for example Section 8 housing assistance). The ratio of renters to owner-occupied homes is greater than 50% and often as high as 80%.These neighborhoods are almost always the most affordable (lowest-priced) areas within a market and usually have some of the highest rent-to-value ratios. This provides some of the highest cap rates and cash-on-cash returns compared to other neighborhood types.You will find substantial area anchors including schools, churches and shopping in these neighborhoods. The anchors are there to meet the needs … (0 comments)
los angeles real estate for sale: 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)
los angeles real estate for sale: Real Estate Mortgage Delinquency Rate Falls to 7 Year Low
- 05/06/15 03:27 AM
Real Estate Home Mortgage Delinquency Rate Falls to 7 Year Low Loans that were at least 30 days late dropped to 5.54 percent in the first quarter from 6.11 percent a year earlier, the Mortgage Bankers Association said in a report Wednesday. The share was the lowest since the second quarter of 2007. Newer loans are benefiting from rising property prices, tighter underwriting requirements and the lowest jobless rate in seven years, while mortgages originated before the real estate bust are still moving through foreclosure. The share of loans on which foreclosure actions were started in the first quarter was … (0 comments)
los angeles real estate for sale: Los Angeles CA Real Estate Home Prices Hit 8 Month High March 2015
- 05/05/15 03:03 AM
Los Angeles CA Real Estate Home Prices Hit 8 Month High Home prices rose 2% in March, pushing year-over-year growth to 5.9%, the fastest annual pace since July, said CoreLogic, an Irvine, Calif.–based analysis firm. Seven states, including Texas and New York, have reached new records, and 27 states are at or within 10% of peak price levels. Home prices rose 2% in March, pushing year-over-year growth to 5.9%, the fastest annual pace since July, said CoreLogic, an Irvine, Calif.–based analysis firm. Seven states, including Texas and New York, have reached new records, and 27 states are at or within 10% of peak … (0 comments)
los angeles real estate for sale: Buying a Home Is One of the Last Wealth Creation Opportunities
- 04/28/15 02:39 AM
Due to current low interest rates and anticipated appreciation rates for the next few years, Buying a home is “one of the last legitimate wealth creation opportunities,” according to Tim Rood, chairman of Washington, D.C.-based business advisory firm The Collingwood Group “The leveraged return if you put down 10 percent on a house, the trajectory of appreciation lately is you’re going to get your money back inside of a year and then after that 5 to 10 percent appreciation rates,” Rood said. “It’s phenomenal.” READ MORE BUYING A HOME http://www.losangelesforeclosures.biz/buying-a-home-is-one-of-the-last-legitimate-wealth-creation-opportunities/ … (0 comments)
los angeles real estate for sale: 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)
los angeles real estate for sale: 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)
los angeles real estate for sale: 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)
los angeles real estate for sale: 10 Ways to Increase the Value of a Home
- 04/20/15 03:50 AM
Los Angeles Foreclosure Homes Increasing the value of your home is easier than you think.Follow these tips, and your home will be worth more before you know it. READ MORE http://www.losangelesforeclosures.biz/value-of-a-home/ … (0 comments)
los angeles real estate for sale: 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)
los angeles real estate for sale: 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)
los angeles real estate for sale: Home Prices Rise for 1st qtr BEATING Expetations and Still Going UP!
- 04/14/15 02:20 AM
The chart below shows the Price of New Listings for the cohort of properties coming onto the market each week, represented by the green line – look at the acceleration in prices this spring. As professional Realtors gauge market demand, they adjust the prices of the homes they’re listing for sale. The New Listings price climbs week over week because Realtors are seeing the demand for their existing listings. This is quite a bullish indicator for prices. READ MORE http://www.losangelesforeclosures.biz/home-prices-rise-1st-qtr-beat-expectations-still-going/
+1 Share Tweet About David CooperLos Angeles, CA Foreclosures & Foreclosure Homes For Sale at Deep DiscountView all posts by David Cooper → … (0 comments)
los angeles real estate for sale: New Ways to Fix Your Credit Fast!
- 04/13/15 12:13 AM
2. Negotiate. You can’t deny that you stopped paying a credit card bill when you were unemployed last year. But you can ask creditors to “erase” that debt or any account that went to collection. Write a letter offering to pay the remaining balance if the creditor will then report the account as “paid as agreed” or maybe even remove it altogether. (Note: Get the creditor to agree in writing before you make the payment.)READ MOREhttp://www.losangelesforeclosures.biz/real-estate-credit/ … (0 comments)
los angeles real estate for sale: 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)
los angeles real estate for sale: Great Expectations for Housing Growth 2015 Freddie Mac
- 04/10/15 03:11 AM
Despite a brutal winter and a slowdown in economic activity in the first quarter, Freddie Mac is sticking to its previous prediction that 2015 will be the best year for home sales since 2007, according to Freddie Mac's U.S. Economic and Housing Report for April 2015 released Thursday. READ MORE http://dsnews.com/news/04-09-2015/q1-economic-slowdown-does-not-deter-freddie-macs-positive-forecast-for-housing
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
;)
;)
