Thursday, August 25, 2005

Mortgage Story isn't Complete

Dallas Morning News | News for Dallas, Texas | Business: "Just as The Complete Idiot's Guide to Buying Foreclosures hits bookshelves in Dallas-Fort Worth, the area is letting its title as foreclosure capital of the world slip away.
You think I'm kidding about the book? I'm not. The jacket brags that the book schools investors on how 'to turn a money pit into a money hit.'
Sadly for the Idiots, postings of foreclosures in the Dallas area just sank to their lowest level in two years. "
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Hot Market not Prone to Foreclosures

Kauai Garden Island News: "Nationally, high home prices are causing more first-time buyers to put less cash down and rely upon various mortgage packages to secure their purchase.

Industry analysts fear this might lead to foreclosures. Locally, experts said that is not likely to happen here, given Kaua�i's hot housing market and strong demand for inventory.
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'Hawai�i has minimal foreclosures. Nobody else comes close,' said Ian Emberson, senior loan officer for Bank of Hawaii."

National Foreclosures Increase for Second Straight Month According to RealtyTrac(TM) July U.S. Foreclosure Market Report

National Foreclosures Increase for Second Straight Month According to RealtyTrac(TM) July U.S. Foreclosure Market Report: " IRVINE, Calif., Aug. 25 /PRNewswire/ -- RealtyTrac(TM)
(http://www.realtytrac.com), the leading online marketplace for foreclosure
properties, today released its July 2005 Monthly U.S. Foreclosure Market
Report, which showed that the number of properties entering some stage of
foreclosure nationwide rose to 78,979 in July, a 4.7-percent increase from
June and the most new foreclosures reported in any month year-to-date. New
foreclosures have jumped more than 12 percent in the last two months, pushing
the nation's foreclosure rate to one foreclosure for every 1,465 households.
RealtyTrac publishes the largest national database of pre-foreclosure and
foreclosure properties, with more than 550,000 properties in nearly 2,000
counties across the country, and is the foreclosure data provider to MSN House
& Home, Yahoo! Real Estate, AOL Real Estate and HomeGain.com."
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