Sentences with phrase «significant home foreclosures»

Not exact matches

«Another significant factor in the increased level of foreclosure activity is that the number of REO filings (bank repossessions) is increasing dramatically, which means that a greater percentage of homes entering foreclosure are going back to the banks.»

A significant number of borrowers who are in the midst of facing foreclosure proceedings have second mortgages leveraged against their homes.

[clarification needed] The ongoing foreclosure epidemic that began in late 2006 in the US and only reduced to historical levels in early 2014 [47] drained significant wealth from consumers, losing up to $ 4.2 trillion [48] in wealth from home equity.

Industry experts expected home values in San Diego to remain sluggish in 2010, as many Realtors continue to report that many inland areas in South and North County are experienced a reduction in home values due to the high gas prices and a significant increase in home foreclosures.

That's not to say there are not perfectly reasonable explanations for why a home fell into foreclosure, but it raises significant red flags which lenders try to avoid.

But perhaps the most significant variable at play is the fact that there is still a glut of distressed homes on the market â $ «particularly in areas such as Phoenix and Las Vegas â $ «and the high volume of sales of foreclosures has dragged down home values.

Even if you find a good real estate deal or think you can save money by purchasing a short sale or foreclosure, homes cost a significant amount of money just to live in and maintain.

From the effects of the Home Valuation Code of Conduct to the still - surging foreclosure rates, the challenges facing the real estate industry have never been greater, but the opportunity to have a significant impact is what excites Golder about taking the helm of the 1.1 million member association.

There was also a significant increase in the number of Chicago area bank owned properties and homes that were sold at foreclosure auctions.

The easing of foreclosures is seen as key by many economists, since the glut of these properties being sold at a discount has been a significant drag on home prices.

Significant price increases in bank - owned foreclosures are driving gains at the national, regional and local levels, helping home prices turn the corner with small quarterly and yearly gains.

I believe that if all home buyers went into the mortgage - application process with this fundamental truth in mind, we would see a significant reduction in the number of foreclosures.

[break] Washington State's distressed real estate market offers significant opportunities for local investors seeking to fix up and resell foreclosure auction properties and distressed homes at a profit.

«With good reason there's been a significant increase in interest from institutional investors wanting to enter the single - family market this year, but the only deals the industry has seen close so far have been bulk foreclosure buys on homes that still need to be redeveloped and leased,» Mack Cos..

«Inventories of condos and single - family homes for sale continuously fell last year, suggesting that there is no significant oversupply of visible foreclosure inventory in the market,» NAR Chief Economist Lawrence Yun said.