Wednesday, March 3, 2010

News Letter on Foreclsures

Nationwide Agent Network
Carol Cross
Yanick Realty
7004 SW Busch Street, Palm City, FL 34990
“I am available to assist you in purchasing a foreclosure property or another property bestsuited to your needs. I am here to act as your local real estate specialist.”

Phone: 772-283-6582 Email:
February 2010 Vol 4 Issue 5
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6 month National Foreclosure Trends


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Foreclosure filings were reported on 315,716 U.S. properties during January, a decrease of nearly 10 percent from the previous month but still 15 percent above the level reported in January 2009, according to the RealtyTrac January 2010 U.S. Foreclosure Market Report. REO activity nationwide was down 5 percent from the previous month but still up 31 percent from January 2009; default notices were down 12 percent from the previous month but still up 4 percent from January 2009; and scheduled foreclosure auctions were down 11 percent from the previous month but still up 15 percent from January 2009.
Complete Story
Best to buy before new FHA guidelines take effect
By Octavio Nuiry, RealtyTrac Staff Writer
Starting in early summer, the Federal Housing Administration is tightening lending standards in an effort to bolster its dwindling reserves. The new lending standards will make it tougher for some prospective buyers to purchase a home by requiring a higher down payment than the typical 3.5 percent for some borrowers, higher insurance premiums and reduced seller concessions. Securing FHA-insured mortgages are attractive to borrowers because down payments are only 3.5 percent. Most conventional loans now require 20 percent down, keeping many creditworthy borrowers on the sidelines. Complete Story
Here are some of the most recent Investment opportunities in the area.
300 yds300 yds© 2010 Microsoft Corporation © 2009 NAVTEQ © AND © 2010 Microsoft Corporation © 2009 NAVTEQ © AND 2D3DRoadAerialBird's eyeLabelsSee this location in bird's eye view
Bing Maps 3D has finished updating Pre-Foreclosure
SW Parkgate Blvd
Palm City,
FL 34990

Market ValueDefault Amount$231,349N/ABeds/BathSq. FT3/22,741
Property Type Address Market Value Default Sq. Ft.
Bank-Owned SW Villa Pl,
Palm City, FL 34990 $1,000 N/A 1,346 GET DETAILS
AuctionAuction Date: 2/23/10 SW Murphy Rd,
Palm City, FL 34990 $191,669 N/A 1,414 GET DETAILS

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Why Borrowers Are Welcoming Foreclosure
Which would you rather lose, your home or your credit cards? It's a choice most of us would prefer not to face, but for some the answer is that they would rather hang onto their plastic. In a new study of 27 million credit records, TransUnion says that since 2008 credit card delinquencies have been lower than mortgage payment delinquencies. “This 'flip' is representative of the change in the conventional wisdom around the payment hierarchy, or which debt obligations consumers would choose to pay first,” according to the company. Foreclosure, it seems, is no longer the stain it once was.
Complete Story

Foreclosure Trends : December, 2009
National Florida Martin CTY
NODs 96,765 0 0
NTSs 219,090 2 0
NFSs 79,810 33,504 159
LISs 151,344 66,984 523
REOs 196,460 17,681 84

Notice of Default (NOD)
A non-judicial document filed by a trustee that starts the foreclosure process. More about NOD
Lis Penden (LIS)
Notification of pending lawsuit. A judicial document filed by an attorney or trustee that starts the foreclosure process. More about LIS
Auction / Notice of Trustee's Sale (NTS)
A filing by notice announcing a public auction. More about NTS
Notice (Judgment) of Foreclosure Sale (NFS)
An order signed by a judge directing to sell the property at public auction. More about NFS
Real Estate Owned (REO)
The final step in foreclosure process in which property ownership returns to lender. More about REOs

30 yr fixed mtg 5.05% 15 yr fixed mtg 4.40% 5/1 ARM 4.16%
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