trulia: 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)
Banks Increase Foreclosure Auctions on Non Paying Homeowners Banks realize that because of this seller’s market, they can get top dollar, even for the scratch-and-dent properties that foreclosures represent,” said Daren Blomquist, vice president at RealtyTrac. “That gives them more motivation to push through even some of the tough foreclosure cases that had lingered in the process longer.” Meanwhile, more zombie foreclosures in certain states reflect an increase in foreclosures starts in areas where it takes a long time to move through the process. The growing number of zombie foreclosures in certain metro areas contrasts with the strengthening national housing market. Zombie foreclosures throughout … (0 comments)
trulia: 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)
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)
trulia: 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)
trulia: 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)
trulia: 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)
trulia: 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)
trulia: 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)
trulia: New Website Helps Real Estate Investors Find Fix and Flip Properties
- 05/07/15 01:43 AM
Real Estate Properties With Fix and Flip Profit FixFlip.com goes beyond simple cost per square foot search calculations that might otherwise incorrectly identify a home as a bargain.FixFlip.com’s algorithm identifies only currently listed rehab properties best suited for investors, thereby saving fix/flip investors countless hours and money.This unique feature puts FixFlip.com in a class by itself.Key features and benefits of FixFlip.com include: Nationwide database provides daily updates and the most accurate property listings Proprietary property filtering shows listings that are investor oriented rehab opportunities Full property descriptions with complete agent contact information simplifies purchase inquiries Investors save time and identify investment properties faster with less hassle READ … (0 comments)
trulia: 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)
trulia: 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)
trulia: 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)
trulia: 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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trulia: 43 Top Real Estate Economists Predict Great Returns Housing Thru 2017
- 05/01/15 12:22 AM
The real estate industry is expected to remain on a sustainable course of solid growth for 2015 through 2017, according to a new three-year forecast from the Urban Land Institute (ULI) Center for Capital Markets and Real Estate. The outlook – the latest installment of the semi-annual ULI Real Estate Consensus Forecast – is based on a survey of 43 of the industry’s top economists and analysts representing 32 of the country’s leading real estate investment, advisory, and research firms and organizations. - READ MORE REAL ESTATE PREDICIShttp://www.american-apartment-owners-association.org/property-management/real-estate-investing/solid-real-estate-growth-predicted-2017/ FREE LIST Los Angeles Foreclosure Homes for Sale http://www.losanagelesforeclosures.biz … (0 comments)
trulia: 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)
trulia: 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)
trulia: New Secrets for Buying Pre Foreclosure Homes for Sale
- 04/23/15 11:23 PM
Buying pre-foreclosures has two main advantages over buying at the auction or purchasing bank-owned properties, according to Siems. First, a homeowner facing foreclosure may be motivated and willing to do almost anything to avoid losing property to the bank. Secondly, investors can inspect the property before purchasing it. READ MORE SECRETS http://www.losangelesforeclosures.biz/6-secrets-for-buying-pre-foreclosure-homes-for-sale/ … (0 comments)
trulia: 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)
trulia: 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)
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