Archive for the ‘Foreclosure’ Category
Tuesday, August 24th, 2010
Since I was a little late on the June stats, I already have the July 2010 number for the Home Affordable Modification Program (HAMP) ready to go.
Successful Completions are at 421,804, up from 389,000 in June
Program Drop-outs are at 630,000, up from 530,000 in June.
The program now has a dropout ...
Posted in Buyers, Foreclosure, Investors, Sellers, Statistics | No Comments »
Monday, August 16th, 2010
The Home Affordable Modification Program (HAMP) continues to perform much worse than originally forecasted by the Obama Administration.
Over 1.2 million Americans have started the government backed Loan Modification Program as of the end of June, of which 389,000 homeowners (31%) have completed the process and 531,000 (43%) have been dropped. The number ...
Posted in Foreclosure, Statistics | No Comments »
Monday, June 21st, 2010
If you remember from April... (http://www.therealestateledger.com/2010/05/loan-modification-program-has-nearly-as-many-failures-as-successes/):
Over 1.2 million Americans have started the government backed Loan Modification Program, of which 299,000 homeowners (25%) have completed the process and 277,000 (23%) have been dropped. The number of homeowners dropping out has increased from 155,000 the prior month, leaving me to believe that ...
Posted in Foreclosure, Sellers, Statistics | No Comments »
Thursday, May 20th, 2010
Just some quick updates on the short sale process:
The government will pay to move you out - the Obama administration will be giving $3,000 for moving expenses for homeowners who complete a short sale or agree to turn the deed over to the lender
The banks will know the offer they'll accept - lenders ...
Posted in Buyers, Foreclosure, Sellers | No Comments »
Tuesday, May 18th, 2010
Over 1.2 million Americans have started the government backed Loan Modification Program, of which 299,000 homeowners (25%) have completed the process and 277,000 (23%) have been dropped. The number of homeowners dropping out has increased from 155,000 the prior month, leaving me to believe that next month will have more ...
Posted in Foreclosure, Home Owner, Sellers | 1 Comment »
Friday, April 16th, 2010
Please note that 'Fastest Pace on Record' does translate all the way to January 2005, which is when RealtyTrac started accumulating these statistics. But the headline did catch your attention, right?
The number of foreclosed homes increased 35 percent in the first quarter of 2010 compared to a year ago. Additionally, ...
Posted in Foreclosure, Home Owner | No Comments »
Monday, March 29th, 2010
We are all well-aware at this point that adjustable-rate mortgages are a major contributing factor to the foreclosure crisis. Recent polls show us that nearly one in every seven borrowers are behind in there payments. That's 13.6% of homeowners with mortgages. Today I'm focusing on what may likely cause a sharp ...
Posted in Foreclosure, Home Owner, Investors, Statistics | 1 Comment »
Friday, March 26th, 2010
The Obama Administration today announced a plan to reduce the amount some homeowners owe on their homes, something that we've been speculating on for months. Homeowners who are 'under-water' but have been paying their mortgage on time will be eligible for a reduced principal through new loans backed by the ...
Posted in Foreclosure, Home Owner | No Comments »
Wednesday, February 3rd, 2010
One in every four homeowners in the United States is 'underwater', meaning they owe more on the home than it's actually worth. And you can expect that number to rise.
It's actually amazing to believe that such a high number of houses fall into this category. It was recently estimated that ...
Posted in Foreclosure, Home Owner, Investors, Sellers, Statistics | No Comments »
Saturday, January 2nd, 2010
Back in July I wrote this: http://www.therealestateledger.com/2009/07/loan-modifications-falling-short-of-goal/
UPDATE: A New York Times article is pronouncing the Making Home Affordable program... a failure. Initiated by the Obama Administration earlier this year, the program intended to modify the mortgage payments of distressed homeowners so they would be able to afford and continue to live ...
Posted in Buyers, Foreclosure, Sellers | No Comments »
