Bank Foreclosure Profit Opportunities

Bank Foreclosure Profit Opportunities In several cases, the bank or agency simply wants to eliminate bank owned properties quickly even if it implies selling at below market value. Upkeep of foreclosure properties is more expensive than selling them cheaply. Whether or not you are a home buyer or a foreclosure houses financier, foreclosure properties permit… Read More

Foreclosures Fall-For Now

Foreclosures fall — for now According to RealtyTrac, foreclosure filings fell by 8% in November, making it the fourth consecutive month of improvement in the housing market. There were 306,627 filings last month, a decline that follows a 3% drop in October, 4% in September and 1% in August. “Loan modifications and other foreclosure prevention… Read More

Bad loans put Washington banks on ropes (Tri-City Herald)

WASHINGTON — They helped fuel a real estate and commercial development boom across Washington, but

Commercial Mortgage Defaults at U.S. Banks Reach 3.4% (Update1) (Bloomberg)

Dec. 1 (Bloomberg) — The commercial mortgage default rate on loans held by U.S. banks more than doubled to 3.4 percent in the third quarter as vacancies rose and rents declined, Real Estate Econometrics LLC said.

Commercial Mortgage Defaults in U.S. Bank Portfolios Reach 3.4% (Bloomberg)

Dec. 1 (Bloomberg) — The commercial mortgage default rate on loans held by U.S. banks more than doubled to 3.4 percent in the third quarter as vacancies rose and rents declined, Real Estate Econometrics LLC said.