foreclosures: Nearly Half of Home Purchases Are Distressed Properties - 03/23/10 01:15 PM
The share of home purchase transactions involving distressed properties surged to almost half in February, according to the latest Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions.Last month distressed properties – those involving homes acquired as part of a foreclosure or pre-foreclosure sale – accounted for 48.1 percent of the home purchase transactions tracked by the survey.The February numbers were up significantly from the 37.3 percent level recorded as recently as November. It was also the highest distressed property market share seen since last July.Stepped up government efforts, including temporary foreclosure moratoriums and a push to qualify more financially … (0 comments)

foreclosures: Nearly Half of Home Purchases Are Distressed Properties - 03/23/10 01:15 PM
The share of home purchase transactions involving distressed properties surged to almost half in February, according to the latest Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions.Last month distressed properties – those involving homes acquired as part of a foreclosure or pre-foreclosure sale – accounted for 48.1 percent of the home purchase transactions tracked by the survey.The February numbers were up significantly from the 37.3 percent level recorded as recently as November. It was also the highest distressed property market share seen since last July.Stepped up government efforts, including temporary foreclosure moratoriums and a push to qualify more financially … (0 comments)

foreclosures: Is It the Beginning of the End for Housing Crisis? - 03/08/10 03:18 AM
A smaller percentage of mortgages were delinquent and the rate of those entering the foreclosure process slowed in the fourth quarter of 2009, possible signs that the foreclosure crisis that has gripped many of the nation’s housing markets is finally starting to ease, a trade group has reported.“We are likely seeing the beginning of the end of the unprecedented wave of mortgage delinquencies and foreclosures that started with the subprime defaults in early 2007,” said Jay Brinkmann, chief economist of the Mortgage Bankers Association, in a written statement.The delinquency rate for mortgages on one- to four-unit residential properties was a seasonally … (0 comments)

foreclosures: Paying Homeowners Not to Walk Away - Is this a Good Idea? - 02/15/10 02:08 AM
With tumbling property values leaving nearly a quarter of borrowers owing more on their mortgage than the home is worth, some may find it tempting to walk away even if they are financially able to keep makingpayments – either to get out from under the debt completely or to force the servicer’s hand for a modification. This idea of “strategic default” has become a universal concern within the industry, but one New Jersey company says it has a plan to counter such calculated flights of exodus.According to the Loan Value Group LLC (LVG), it’s time to pay current borrowers to stay … (0 comments)

foreclosures: Fewer Home Sellers Cut Asking Prices for Homes in January 2010 - 02/12/10 02:23 PM
Just over 40% of available homes for sale had reduced prices in January 2010, compared with 44% in December 2009, according to a monthly survey of home listings in 27 markets conducted by the national real estate brokerage ZipRealty.With fewer reduced price homes available in January, sellers were able to ask for their original list prices, rather than cut them to attract buyers.“Sellers are taking a realistic look at current market conditions before listing their homes,” said ZipRealty CEO Pat Lashinsky. “We have a lot fewer homes for sale right now than we did last year, and we are seeing more … (0 comments)

foreclosures: Citi's Foreclosure Alternative Allows Homeowners to Stay for Six Months - 02/12/10 02:54 AM
As one of the nation’s largest mortgage servicers, CitiMortgage is still contending with a deluge of foreclosures that just doesn’t seem to be abating, despitestepped up mitigation efforts and government relief programs. On Thursday, the company announced a new pilot initiative that will allow distressed CitiMortgage borrowers to avoid foreclosure and remain in their homes for six months if they agree to sign over their property deeds to the lender.In addition, Citi will provide relocation assistance to help borrowers transition to another residence at the end of the program. This expanded deed-in-lieu-of-foreclosure program is being piloted in Texas, Florida, Illinois, Michigan, … (0 comments)

 
Paul Roesch CDPE 618-233-1000, Real Estate Auctioneer CAI St Louis MO Auctions (Palatium Auction and Appraisal Service, Real Estate Auctions, Estate, Moving, Downsizing Auctions 618-233-1000 USPAP Appraisals) Rainmaker large

Paul Roesch CDPE 618-233-1000

Real Estate Auctioneer CAI St Louis MO Auctions

Webster Groves, MO

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Palatium Auction and Appraisal Service, Real Estate Auctions, Estate, Moving, Downsizing Auctions 618-233-1000 USPAP Appraisals

Address: Metropolitan St Louis MO and surrounding Illinois and Missouri Counties, 63124

Office: 618-233-1000

Mobile: (618) 407-8479

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I sell real estate assets fast and economically. I auction household, estate, real estate and downsizing auctions. Brokers and agents encouraged for referral of sellers and buyers. Paul Roesch cell: 618-407-8479


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