May 20, 2010
NATIONWIDE
Foreclosure Activity Has Begun To Plateau – April Report
Kind of encouraging news is delivered by the latest Foreclosure Activity Report just released by Realtytrac. It is a welcome change no doubt, for those millions of distressed home owners, keeping their fingers crossed, after listing their properties in the sluggish market for sale. The pressure from the foreclosure properties competing for sale, at throw away prices will lessen. But there is another type of competition – this time from the Bank Repo properties, whose number has set a record high in April. Read More..
LENDERS & SERVICERS
Delinquencies in April decline in “Alt-A” Mortgage Category – Fitch Rating
Commercial foreclosures are properties like Hotels, Shopping Malls, Office Complexes, Beach Resorts and undeveloped lands of vast expansion. The foreclosure process is similar to residential property foreclosures. The individual owner or the company owning a commercial property faces foreclosure activity, initiated by the mortgage lender, in case of default in repayments. And there are a lot of commercial properties under foreclosure listings all over the country, particularly Florida. Read More
COMMERCIAL
Why buy Commercial Foreclosures of Naples, FL?
Commercial foreclosures are properties like Hotels, Shopping Malls, Office Complexes, Beach Resorts and undeveloped lands of vast expansion. The foreclosure process is similar to residential property foreclosures. The individual owner or the company owning a commercial property faces foreclosure activity, initiated by the mortgage lender, in case of default in repayments. And there are a lot of commercial properties under foreclosure listings all over the country, particularly Florida. Read More
Avoiding Foreclosure with a Commercial Short Sale
An economic downturn has rippled throughout the global economy, and in many instances, not the least of which is the country, has resulted in a recessionary economic climate. Commercial property has devalued over 50% from their highs in 2006, and businesses in the US are just now beginning to claw back the losses they have incurred during the Global Financial Crisis.
In such economic turmoil as we have seen, devices such as the commercial short sale have become a generic term and one that is now openly advocated by financiers as an integral part of the loss mitigation arsenal. Certainly specific criteria still need to be met; however the proposition of a short sale is far from novel in the modern administration of mortgages. Read More
MARKET UPDATE – AUSTIN
Where the Austin housing market is heading with regard to pricing?
Austin, Texas was rated one among the healthiest housing markets in the country in 2009. The foreclosure epidemic has spread all over the best neighborhoods of US and it has the devastating effect on home prices, partly because home buyers are facing stricter qualification yardsticks by the financial institutions and partly because of the mounting inventory of unsold residential properties. Austin is no exception to this formula. Read More
Austin records more foreclosure homes in March
The foreclosure mitigation plans – one after the other – first The Home Affordable Mortgage Program (HAMP) and the version 2 of it released last month – Home Affordable Foreclosures Alternative Program (HAFA) – are not achieving the desired results, as can be seen elsewhere in the country, as in Austin, Texas.
According to latest foreclosure activity report, 1,114 properties in the Austin city neighborhoods have been listed as foreclosure filings for the month of March. This is apart from more than 8,000 properties available for sale under various heads – Short Sale, scheduled foreclosure auctions and resale properties advertised in the market. Read More
Austin Foreclosure Listings have a lot to offer
If you are in search of a foreclosure property in a best location with all the conveniences and comforts and a best bargain price, you can confidently select Austin foreclosure listings. The present foreclosure crisis has rendered many lucrative properties – single family homes, multi-family condos, downtown apartments, chalets, villas or bungalows – affordable to buyers with significant discounts in sale price.
As a location Austin is strategically located in the middle of Texas, with good infrastructure facilities like transportation, schools, shopping malls, restaurants and recreational and entertainment venues in abundance. Plus the cost of living in Austin is moderate by all means. Read More
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