Foreclosures

Banks Walking Away From Homes, Record Foreclosures and More: The Week in Housing

by Ryan Hinricher | January 17, 2011

What happens when banks walk away from homes? Will 2011 break 2010′s record year for foreclosures? We’ll answer these questions and get an update on mortgage application activity, interest rates, and some final thoughts on the week. 2010: Record-Setting Year for Foreclosures RealtyTrac released its Year-End 2010 US Foreclosure Market Report. The numbers paint a [...]

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Housing

Home Prices, Interest Rates, Delinquent Loans, and Pending Home Sales – The Week in Housing

by Ryan Hinricher | January 3, 2011

The final week of 2010 gave us insight on mortgage loan delinquency, a final update on interest rates, October home prices, and pending home sales. Also, we’ll finish off with some predictions for 2011. 4.3 Million Loans Are 90-days Late or in Foreclosure Lender Processing Services (LPS), the nation’s leading provider of mortgage processing services, [...]

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Real Estate

Defibrillating the Short Sale

by Melissa Zavala | November 23, 2010

I received an email in my inbox the other day that had the subject line, “The Short Sale Is Dead.” As a short sale aficionado, this subject line definitely caught my attention. (Note to self: When writing emails you want people to read, use the subject line to say that something has died.) So, I [...]

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Housing

Foreclosures Slow, Rates Hit New Lows, Building to Jump 40% in 2011

by Ryan Hinricher | November 15, 2010

Foreclosures may have had a rare down month in October, but don’t expect it to last. Interest struck a new low, while mortgage activity is up. We’ll round out the week with 2010 expectations on home-building and guidance for the next two years. RealtyTrac: Robo-Signing Mess Stalls Foreclosures in October Releasing its October Foreclosure Market [...]

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Foreclosures

MERS, The Foreclosure Documentation Mess and The Elephant in the Room!

by Peter Giardini | November 11, 2010

Unless you are Rip Van Winkle, it’s hard to not know about the latest foreclosure mess hovering over the housing market. This mess has to do with the manner in which lenders handled and processed the paperwork needed to proceed through various courts to obtain a foreclosure. As you know, most lenders were taking drastic [...]

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Commentary

“You Think!”–A Mantra For The Age Of Foreclosure

by Charles Feldman | October 26, 2010

“You think!” This is a phrase that will come up often in this post. And, the cool part is–it’s actually a cue for YOU to take part in this blog. That’s right. YOU get to participate. First, how about a trial run. On the count of three. One! Two! Three! “You think!” Not bad. Though, [...]

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Housing

Foreclosures Derail Housing, Interest Rate Drops, and Strength in Mortgage Applications

by Ryan Hinricher | October 18, 2010

Volatility in the housing market just hit a new high as prices are dropping but not as fast as rates. The spotlight is back on foreclosures with the new robo-signer mess while purchase applications soar along side home repossessions. A truly turbulent week for the housing market took place. Foreclosure Mess to Derail Housing Market? [...]

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Real Estate

The Foreclosure Circus: Send In The Clowns

by Charles Feldman | October 18, 2010

—And, where are the clowns? Quick, send in the clowns. Don’t bother, they’re here.—Stephen Sondheim Indeed, the clowns are here! Or, to be exact, in Washington. With each passing day, we learn just what a sham the entire foreclosure process has been in this country. Banks and other lenders admitting they had low level employees [...]

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Commentary

Robo-Signers and Robo-Foreclosures

by Brooks Conkle | October 12, 2010

As I’m sure you recently heard, Bank of America announced that in 23 states it was halting foreclosures due to documents that were rushed through the system; some wrongful foreclosures were definitely included. Oops. Way to go BofA. Well, JP Morgan Chase, GMAC Mortgage, and PNC Financial Services basically followed suit. I can only assume [...]

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Housing

Housing Market Insight – Week of October 11th

by Ryan Hinricher | October 11, 2010

Housing market highlights over the last week include; positive news from the National Association of Realtors, an update on interest rates, and mortgage application volume. Additionally, we discuss an update on the halting of foreclosures by some banks and ending with thoughts on due-diligence. Realtors: Pending Home Sales Rise The National Association of Realtors reported [...]

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Commentary

Bank of America Halts the Sale of Foreclosures in All 50 States

by Joshua Dorkin | October 8, 2010

In another sign of the mass chaos that has crippled the US housing market, the AP is reporting that as of today, BofA has halted all foreclosure sales throughout the United States. While this is great news for many people who are set to lose their homes, some even potentially wrongfully, it is not good [...]

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Learn Real Estate

8 Ways to Find Great Real Estate Deals

by Ryan Moeller | September 23, 2010

With so many foreclosures and distressed properties available, the current market conditions have resulted in the opportunity of a lifetime for savvy investors. Finding great deals is one of the most important things for successful investors to do. That said, it takes more than just evaluating a few deals. Investors must get a ton of [...]

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Housing

Housing Market Summary – Week of August 30th

by Ryan Hinricher | August 30, 2010

A busy week of mostly negative news for the macro housing market offers; a look at NAR’s Existing Home Sales report, numbers on new home sales, interest rates, mortgage applications, and the Mortgage Bankers Associations quarterly report on delinquency and foreclosures. Existing Home Sales: Expected Fall The National Association of Realtors reported that existing home [...]

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Real Estate News

Negative Equity Declines: Is It Good News?

by Alex Cortez | August 29, 2010

Let’s talk about what the 2Q 2010 negative equity report released by CoreLogic. The amount of homes underwater declined, but is it good news?

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Economy

Is California a Model for the Real Estate Recovery?

by Alex Cortez | July 24, 2010

California has 91 out the 100 hottest real estate markets in the country, Is this a sign that the California tax credit for new home and first time buyer has been effective in kick-starting the market?

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