Candis Pressley-Blackwood Trinity Real Estate3212-16 W. Cheltenham Ave, Philadelphia, PA19150 "Trinity Real Estate "Your Realtors For Life" My business philosophy is to treat each & every client as if they are the only clients we have. My goal is to provide prompt, professional service and keep"
PENNSYLVANIA FORECLOSURE ACTIVITY DOWN 15 PERCENT IN SEPTEMBER
Pennsylvania reported 4,189 properties with foreclosure filings in September, a 15 percent decrease from the previous month but 10 percent ahead of the level reported for September 2007, according to the latest RealtyTrac® U.S. Foreclosure Market Report. "Although Pennsylvania foreclosures decreased in September, the numbers are still up from this time last year," said James J. Saccacio, chief executive officer of RealtyTrac. "Statistics show that the state's home sales decreased further than the national average during the past year. This, in addition to the overall decline in the housing market, is likely contributing to the rise." Complete Story
The Government Goes After Loan Officers
By Peter G. Miller
Few mortgage loan officers or underwriters have been held responsible for mortgages that turned sour, in some measure because blame is often difficult to establish. The result is that fees and commissions earned during the past few years have been virtually untouched, even as substantial numbers of lenders, investors and borrowers have failed. Now the immunity enjoyed by lenders may be at an end. A new and surprising player is looking at failed mortgages, and looking in a way which may suggest that many loan officers will have to pay up. Complete Story
Here are some of the most recent Investment opportunities in the area.
Assets worth trillions of dollars have been wiped out in the past year, and it's difficult to look at investing in stocks or property and not wonder makes sense in such troubled times. It's often said that some of the most successful investments have been made by going against the grain, by selling when most are buying and vice versa. In the context of foreclosures, going against the grain now would mean buying while others are selling. Is there any sense to such a strategy? Not a guarantee of profits, but some lucid and reasonable case for such purchases? Complete Story
Foreclosure Trends : August, 2008
National
Pennsylvania
Philadelphia CTY
NODs
61,892
0
0
NTSs
69,693
25
3
NFSs
24,234
1,777
452
LISs
57,156
2,197
1,013
REOs
90,893
922
134
Notice of Default (NOD)A non-judicial document filed by a trustee that starts the foreclosure process. More about NOD
Lis Penden (LIS)Notification of pending lawsuit. A judicial document filed by an attorney or trustee that starts the foreclosure process. More about LIS
Auction / Notice of Trustee's Sale (NTS)A filing by notice announcing a public auction. More about NTS
Notice (Judgment) of Foreclosure Sale (NFS)An order signed by a judge directing to sell the property at public auction. More about NFS
Real Estate Owned (REO)The final step in foreclosure process in which property ownership returns to lender. More about REOs
Pre-Foreclosure
Bank-Owned
Notice of Default (NOD)A non-judicial document filed by a trustee that starts the foreclosure process. 
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