Real Estate News

What’s happening in Westchester is not atypical, said Rick Sharga, the vice president of RealtyTrac.0Sat, 04 Oct 2008 07:00:00 GMTWhat’s happening in Westchester is not atypical, said Rick Sharga, the vice president of RealtyTrac. “There is no ZIP code, no neighborhood, no place except perhaps the White House, that is not feeling the effects of the current downturn,” he said. “What’s unusual this time, compared to the late 1980s and early 1990s, is that much higher-ticket homes are also involved.”

Congress and the Bush administration must address the underlying issue in the financial crisis - foreclosures.0Wed, 24 Sep 2008 07:00:00 GMTCongress and the Bush administration must address the underlying issue in the financial crisis - foreclosures. The only real solution is to restructure mortgages based on what the homeowners can afford. This solution can be achieved on scale with little or no taxpayer money.

The crisis on Wall Street is shrinking net worths and erasing nest eggs. Next on the block: multimillion-dollar homes.0Tue, 16 Sep 2008 07:00:00 GMTThe crisis on Wall Street is shrinking net worths and erasing nest eggs. Next on the block: multimillion-dollar homes. In some of America's wealthiest spots, that's already happening. According to RealtyTrac, an Irvine, Calif.-based listing firm that tracks foreclosures and provided the data here, several of the country's wealthiest ZIP codes--where year-to-date median home sales are above $700,000--have reported foreclosures into the triple digits.

Foreclosures hit another record high in August: 304,000 homes were in default and 91,000 families lost their houses. 0Tue, 16 Sep 2008 07:00:00 GMTForeclosures hit another record high in August: 304,000 homes were in default and 91,000 families lost their houses.

Not everyone is fretting about the beleaguered housing market.0Sat, 13 Sep 2008 07:00:00 GMTNot everyone is fretting about the beleaguered housing market. For a growing number of investors, the spate of home foreclosures across the country — a result of the mortgage crisis and drop in real estate values — is creating extraordinary buying opportunities for distressed properties, not to mention a flood of how-to books, seminars and infomercials on finding the right deals.

Seattle-area foreclosures were up 54 percent in August from a year earlier, according to RealtyTrac.0Fri, 12 Sep 2008 07:00:00 GMTSeattle-area foreclosures were up 54 percent in August from a year earlier, according to RealtyTrac. The area, defined as King and Snohomish counties, had 1,185 properties with foreclosure filings, up 15 percent from July, according to RealtyTrac, an Irvine, Calif., company that tracks foreclosures.

Foreclosures in Virginia nearly tripled last month compared with July '07, with Northern Virginia accounting for more than half of the foreclosures. 0Thu, 28 Aug 2008 07:00:00 GMTForeclosures in Virginia nearly tripled last month compared with July '07, with Northern Virginia accounting for more than half of the foreclosures.

There were 109 repossessions this year, which were mainly residential, compared to 23 July 2007, according to information compiled by RealtyTrac, an online national database of foreclosures. 0Thu, 21 Aug 2008 07:00:00 GMTThere were 109 repossessions this year, which were mainly residential, compared to 23 July 2007, according to information compiled by RealtyTrac, an online national database of foreclosures.

Foreclosure filings in Bay County continue to rise this summer at a rate much higher than state and national averages, according to RealtyTrac.0Mon, 18 Aug 2008 07:00:00 GMTForeclosure filings in Bay County continue to rise this summer at a rate much higher than state and national averages, according to RealtyTrac.

Las Vegas reclaimed the title as the foreclosure capital of the country in February, and the state set a record with its most-ever number of households in default on mortgage payments. 0Thu, 12 Mar 2009 07:00:00 GMTLas Vegas reclaimed the title as the foreclosure capital of the country in February, and the state set a record with its most-ever number of households in default on mortgage payments. That’s the first time since October that Las Vegas held the top ranking of cities with a population of 200,000 or more.

Foreclosure filings were reported on 290,631 properties in February, up almost 30% from February 2008, RealtyTrac said. 0Thu, 12 Mar 2009 07:00:00 GMTForeclosure filings were reported on 290,631 properties in February, up almost 30% from February 2008, RealtyTrac said. Its report also shows one in every 440 U.S. homes received a foreclosure filing in February.

The number of newly started foreclosure cases on Long Island jumped 54 percent last month from January, although the number of actual lender repossessions of homes continued to fall, according to RealtyTrac, an online marketer of foreclosures.0Thu, 12 Mar 2009 07:00:00 GMTThe number of newly started foreclosure cases on Long Island jumped 54 percent last month from January, although the number of actual lender repossessions of homes continued to fall, according to RealtyTrac, an online marketer of foreclosures.

Foreclosure filings in the U.S. climbed 30 percent in February from a year earlier, RealtyTrac Inc. said. 0Thu, 12 Mar 2009 07:00:00 GMTForeclosure filings in the U.S. climbed 30 percent in February from a year earlier as the worsening economy thwarted efforts by the government and lenders to prevent homeowners from losing property, RealtyTrac Inc. said.

According to Realtytrac.com, there were 15,516 foreclosure filings in Shelby County last year. That's a 50 percent increase over 2007 and a 94 percent jump over 2006.0Fri, 06 Mar 2009 07:00:00 GMTAccording to Realtytrac.com, a company that tracks foreclosures, there were 15,516 foreclosure filings in Shelby County last year. That's a 50 percent increase over 2007 and a 94 percent jump over 2006. Statewide, foreclosures were up 70 percent in Tennessee and 81 percent nationally.

In the latest measure by RealtyTrac, a private firm, Louisiana ranked No. 42 in foreclosures among all states in January, with 485 home foreclosure filings. 0Fri, 06 Mar 2009 07:00:00 GMTIn the latest measure by RealtyTrac, a private firm, Louisiana ranked No. 42 in foreclosures among all states in January, with 485 home foreclosure filings.

According to RealtyTrac Inc., Oregon ranks fifth in the nation for the highest rate of foreclosures per housing unit, trailing only Nevada, California, Arizona and Florida. 0Fri, 06 Mar 2009 07:00:00 GMTAccording to RealtyTrac Inc., a California firm that lists foreclosed properties, Oregon ranks fifth in the nation for the highest rate of foreclosures per housing unit, trailing only Nevada, California, Arizona and Florida.

More than half of the nation's foreclosures last year took place in 35 counties.0Fri, 06 Mar 2009 07:00:00 GMTMore than half of the nation's foreclosures last year took place in 35 counties, a sign that the financial crisis devastating the national economy may have begun with collapsing home loans in only a few corners of the country.

When it opened on Waikiki in 1964, The Ilikai was the first luxury high-rise hotel in Hawaii and also gained fame for appearing in the opening credits of the 1960s TV series Hawaii Five-O. 0Fri, 06 Mar 2009 07:00:00 GMTWhen it opened on Waikiki in 1964, The Ilikai was the first luxury high-rise hotel in Hawaii. The oceanfront property also gained fame for appearing in the opening credits of the 1960s TV series Hawaii Five-O.

Rick Sharga of RealtyTrac says employees at his online foreclosure sales company have heard of other cities where lenders are walking away from foreclosures, and he worries it could spread.0Thu, 05 Mar 2009 07:00:00 GMTRick Sharga of RealtyTrac says employees at his online foreclosure sales company have heard of other cities where lenders are walking away from foreclosures, and he worries it could spread.

Some 1.5 million foreclosed homes are expected to wind up as REOs this year, according to RealtyTrac , an online foreclosure database.0Wed, 04 Mar 2009 07:00:00 GMTSome 1.5 million foreclosed homes are expected to wind up as REOs this year, according to RealtyTrac , an online foreclosure database. In January, RealtyTrac already had 68,000 new REOs listed in its database, and the firm expects overall volume to double from last year, said RealtyTrac senior vice president Rick Sharga.