Foreclosure Claiming Lives of Mortgages!

Thought the housing market is on a general upward stretch, the foreclosure ratings are rising just as quickly, with bigger mortgages unfortunately headed for foreclosure. “According to numbers from real estate analytics firm CoreLogic , in December 2014 the country’s foreclosure rate fell to 1.4%, the lowest level since March 2008. But while the overall…

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Half of Americans Can’t Afford It – Foreclosures

Looks like this recovery of the housing market isn’t bringing peace to everyone. About 50% of Americans are now finding it hard to afford rent payments in this “upward” economy. ““Affordability issues are real and a major hurdle,” says Lawrence Yun, chief economist at the National Association of Realtors, an industry group. Home prices have…

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Delinquency Spikes Continues – S.S./Forecl.

“Delinquent Mortgage” November was a tough month for mortgage rates, proves Black Knight Financial Services. “Black Knight Financial Services, a division of Fidelity National Financial, has released its “first look” at November mortgage performance data.  The company provides this monthly preview of the data, one or more aspect of which is featured in greater detail…

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Foreclosures on the Rise – S.S./Foreclosures

This is not the best foreclosure news to share, but there’s hope. “Starts in foreclosure proceedings ticked up for the first time in more than two years, according to housing data firm RealtyTrac, as government-sponsored loan modifications began readjusting their interest rates earlier this year and as some lenders are beginning to lend to higher-risk…

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Foreclosures Up 15%? – S.S./Foreclosures

In recent news, the rate of U.S. foreclosure activity has increased 15% since last month. The U.S. Foreclosure Market Report from this October was released last week, with a 15% increase in activity, including default notice, repossessions, and scheduled auctions. This report, released by RealtyTrac, shows the largest month-to-month increase in activity since March 2010,…

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Equity Boom Not Helpful – S.S./Fore.

The recent sky-rocket of American equity has been nice and plentiful, but it has still left plenty of properties underwater, financially. “The equity boom, which has added an estimated $1.6 trillion to the personal net wealth of American homeowners in the last year, has slowed dramatically. It’s not over by any means. It has just…

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Home Sales Skyrocketing! – S.S./Fore.

As or September, home sales have reached an annual high. The market’s picking back up, so it’s time for you to buy! “Existing-home sales bounced back in September, surging to the highest annual pace of the year, according to the latest report from the National Association of REALTORS®. All regions except for the Midwest reported…

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Economic Growth: For the Best? – S.S./Fore.

I hate to post on bad terms, but the recent economic growth is having an adverse effect on housing demand. But don’t fret, there are optimistic benefits; you’ll see. “The U.S. economy is definitely growing after a disappointing start to the year, but it’s a double-edged sword for housing demand. On the one hand, lackluster economic…

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Agents and Experience – Foreclosures/S.S.

If buyer’s agents are causing conflict, breathe. It’s perfectly natural, but can be easily solved. “I’ll be the first to agree that some REO agents do suck, but I’d like to shed some light on another serious problem in the “real estate owned” and distressed property world. If this issue were properly addressed, it would would…

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Transfer Wealth: The Fix – SS/Foreclosures

“The ability to transfer wealth from one generation to the next is the driving force behind ending [poverty]. Most wealth in the United States is gained from the appreciation of home values over time. Twenty-five percent of Americans’ wealth, the sum of all [assets], comes from the increased value of homes — and that number…

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