While nearly every state in the country has experienced some degree of foreclosure slowdown, Colorado’s year-over-year foreclosure rates are nothing to sneeze at. The volume of foreclosures filed in February of 2011 is a full 34.7 percent lower than that of a year ago, with a tally of 1,986 versus 3,042. Foreclosure sales at auction also fell 10.7 percent from Read full article »
Tag archives for Foreclosure Auctions
Foreclosure Actions Drop Dramatically in Colorado
tags: BEREL, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, colorado foreclosure, colorado foreclosure auctions, colorado foreclosure filings, colorado foreclosures, Draft, Foreclosure, Foreclosure Auction, Foreclosure Auctions, foreclosure filings, Foreclosure Process, Foreclosure-Gate, ForeclosureGate, Foreclosures, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate News, Secretary Of Treasury, Timothy Geithner, us secretary of treasury
The Real Truth Of Why Short Sales Are So Hard To Complete
I had a meeting this week in Las Vegas with some high net worth investors and a colleague of mine who runs a large real estate brokerage that focuses on asset management and foreclosure disposition for very large mortgage lending clients. He was explaining the process of foreclosure auctions and mentioned that the vast majority of properties that go to Read full article »
category: Real Estate Tips
tags: Asset Management, Auction Result, Bid Price, Brokerage, Colleague, Current Market Value, Foreclosure Auction, Foreclosure Auctions, Foreclosures, High Net Worth Investors, Las Vegas, Lenders, Mortgage Lending, Mortgages, Negative Equity, Property Auction, Property Foreclosure, Real Estate, Real Truth, Typical Auction
Short Sale Investors Shutting Out First-Time Homebuyers?
Congratulations, real estate investors! You're having a noticably positive impact on the housing recovery and are even being acknowledged in the press. According to the San Francisco Chronicle, the Bay Area local market is seeing bidding wars and multiple offers with ever increasing frequency. What's the cause? An analysis by MDA DataQuick suggests the change in fortunes is Read full article »
category: Real Estate News
tags: Bidding Wars, Catastrophic Levels, Dataquick, Envy, Family Members, First Time Homebuyers, Foreclosure Auctions, Fortunes, Funding Sources, Good Folks, Inventories, Local Market, Luis Jiminez, Neighborhood Blocks, Participation, Public Auctions, Ready Money, Real Estate Investors, Realtors, Rehab, Reos, San Francisco Chronicle
The Politics of Real Estate
Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.
Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.
Mortgage Industry News
Few things change more rapidly than the mortgage market, and with the increasing dominance of GSE's Fannie Mae and Freddie Mac over the mortgage business, it's more important than ever to keep up. Here are a few recent mortgage news updates:
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Mortgage News
- HAMP Success Tally Slowly Growing
- Western States Working Through Foreclosure Backlog Quicker than Eastern
- Biggest Down Payments in the Country Found in New Jersey
- President Bypasses Congress, Appoints Director of the Consumer Protection Bureau
- Federal Reserve Recommends Expanding GSEs to Turn Housing Market Around
- Mortgage Rates Likely to Remain Low for a While Longer
- Top Former FDIC, Wells Fargo Execs Say Fannie and Freddie Must Go
- FHA Continues to Extend Anti-Flipping Waiver
- More Homeowners Using Delaying Tactics to Slow Down Foreclosures
- Now that It’s Passed: The True Cost of the Payroll Tax Cut
About Bryan Ellis
Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.
Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.
Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.