Posts Tagged ‘foreclosure’

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St Louis Finance: Foreclosure Auctions On The Rise

Sunday, January 9th, 2011


St Louis Mortgage and Real Estate News –

St Louis Loan News: Foreclosure Auctions Hit New Record
Home Mortgage and Commercial Loans | Principal Reductions
877-334-0210 or 314-334-0210 | Floyd Tapia


Recent data from RealtyTrac said 372,445 foreclosure auctions were scheduled in July, August and September, while 288,345 properties were repossessed by lenders over the same time period.

Overall foreclosure filings edged up to 930,437 in the third quarter, a 4 percent increase from the previous quarter according to St Louis home mortgage experts.

One in every 139 homeowners received a foreclosure filing during those three months.  Bank repossessions, (more…)

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St Louis Mortgage Loan: The Great Mortgage Fiasco

Wednesday, January 5th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance News: The Latest On The Mortgage Fiasco
Principal Reductions | Home Mortgage and Commercial Loans
877-334-0210 or 314-334-0210|Floyd Tapia


Ally Financial, previously known as GMAC, the finance arm of General Motors, said recently it has hired outside accounting and legal firms to examine its foreclosure procedures in all 50 states.

However, that effort will not look at individual cases according to St Louis mortgage loan experts which now makes it imperative that homeowners look to legitimate mortgage compliance firms that will do a free loan review to help a consumer in stopping foreclosure with a principal reduction.

Ally said it would also review (more…)

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St Louis Home Mortgage: Bank of America Joins Foreclosure Freeze

Friday, December 31st, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Bank of America Halts Foreclosures
Principal Reduction Program and Commercial Loans | 314-334-0210 | Floyd Tapia


Bank of America (BoA) is no longer standing in the wings as regards the foreclosure crisis so says St Louis Home Mortgage experts.

They have joined the banking crowd by freezing home foreclosures in 23 states as it investigates whether (more…)

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St Louis Mortgage Broker: Discounts For Foreclosures And Short Sales

Sunday, December 26th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Foreclosures and Short Sales At a 26 Percent Discount
Residential and Commercial Loans | 314-334-0210


According to RealtyTrac, nearly 250,000 residential properties in some stage of foreclosure changed hands during the second quarter.

They sold for about 26 percent less than non-foreclosed homes, compared to 35 percent less (more…)

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St Louis Mortgage Lenders: The Huge Foreclosure Mess

Saturday, December 25th, 2010


St Louis Mortgage and Real Estate News –

St Louis Loan Audit News: The Massive Foreclosure Debacle
Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia


“It’s a real mess,” said Justice Arthur Schack, a jurist on foreclosure issues who sits on the New York State Supreme Court in Brooklyn.

GMAC Mortgage announced recently that it had suspended evictions and post-foreclosure closings (more…)

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St Louis Loan Modification: HAMP Trials Canceled

Thursday, December 23rd, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Bank of America Pending Action On 43 Percent Of Canceled HAMP Trials
Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia


There are new reports being published that the Treasury has published the outcomes of failed HAMP trials that were canceled largely due to insufficient documents.

Of the 148,129 Home Affordable Modification Program trials Bank of America (BoA) has canceled through August, more than 63,000, or 43 percent, still await additional (more…)

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St Louis Finance: Rare Double Dip Recession May Be Coming

Monday, November 22nd, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Is Double Dip Recession a Reality?
Home Mortgage and Commercial Loans | Principal Reductions
877-334-0210 or 314-334-0210 | Floyd Tapia


There has been the widely circulated point of view that the risk of the United States economy falling into a double-dip recession is rising and may be real.

Of course, the chances of this happening (more…)

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St Louis Mortgage: Banks Sinking Deeper Due To Bad Home Loans

Wednesday, November 17th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Banks Holding Large Volumes of Delinquent Home Mortgages
Residential and Commercial Loan Hotline: 314-334-0210 | Floyd Tapia


There ares new reports showing that the nations largest banks are still holding monstrous volumes of soured home loans.

This unprecedented housing crisis has not only left lenders knee-deep in a barrage of non-performers, but has added increased exposure to early (more…)

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St Louis Home Mortgage Sees Short Sales Rising

Thursday, November 4th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Shadow Inventory Growing While Short Sales Rising
News Press Hot Line: 314-334-0210 | Floyd Tapia


There are currently 2.5 million homes in foreclosure that is nearing its complete process. A special report released by John Burns Real Estate Consulting predicts that (more…)

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St Louis Mortgage: Delaying Foreclosures May Cost Lenders Money

Monday, October 18th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: The Possibility of Foreclosure Delays May Cost Lenders
News Press Hot Line: 314-334-0210 | Floyd Tapia


Recent letters that have been sent to servicers announced that Fannie Mae will now review the compensatory fees due to servicers in cases where the (more…)

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