May 18, 2012

REOs stalled in 2009 while pre-foreclosures continued to climb

I presented these charts at the REO CON Summit Convention in Anaheim, Calif. , this past weekend, and thought they would be worth sharing here as well. (You should see the charts below but let me know if you have any trouble viewing them as we have had...(read more)

$500 Million Beverly Hills Parking Lot Scheduled for Foreclosure Auction

A plot of land containing a parking lot and a former Robinsons-May department store is scheduled for foreclosure auction after the British developers who purchased it in April 2007 for $500 million failed to deliver on the luxury condominiums that were...(read more)

U.S. Foreclosure Activity by Month 2006-2009

Had a request for this information so thought I'd post it here. Interesting to note that there is a seasonal pattern where foreclosure spike for each year around August or July. Any thoughts on why that could be?...(read more)

FHA Raises Down Payments, Premiums Amid Mortgage Delinquencies

FHA Raises Down Payments, Premiums Amid Mortgage Delinquencies Jan. 20, 2010, Bloomberg News The Federal Housing Administration is raising insurance rates and tightening credit-score rules to combat a rise in delinquencies, making a government-guaranteed...(read more)

Treasury Dept. says loan modification picture is improved

Here's relevant news for January 18, 2010. Treasury Dept. says loan modification picture is improved Jan. 16, 2010, Los Angeles Times After a month of intense pressure on banks and other mortgage servicers, the Obama administration on Friday reported...(read more)

Record Foreclosure Activity in 2009 Could Have Been Worse

A record 2.8 million U.S. properties received foreclosure notices in 2009, up 21 percent from 2008 and up 120 percent from 2007, according to the RealtyTrac 2009 Year-End U.S. Foreclosure Market Report , released Thursday. But as bad as that sounds, RealtyTrac...(read more)

Notice of Default filed against Keyshawn Johnson property

A Notice of Default was recorded Dec. 17, 2009, on a nearly $5.9 million loan secured by a Calabasas, Calif., property with a borrower name of "Johnson Keyshawn Living Trust," according to RealtyTrac . The property, which sits on a lot of nearly...(read more)

Foreclosures for major sector of bank industry topped 1 million in third quarter, report says

Foreclosures for major sector of bank industry topped 1 million in third quarter, report says Los Angeles Times, Dec. 21, 2009 The number of home foreclosures for a major sector of the banking industry topped 1 million for the first time in the third...(read more)

Video: browsing the new RealtyTrac Community

RealtyTrac recently launched a new online forum focused on the foreclosure market . Here's a brief video on how to navigate the forum. (Please visit the site to view this media)...(read more)

Discuss foreclosure market with other buyers, investors, experts online

The new RealtyTrac Community is an online social networking forum focused on the foreclosure market. Anyone can browse through questions and discussions on the community, and it’s absolutely free to join and participate. Get started now . Visitors...(read more)