Displaying blog entries 11-15 of 15
Here are the largest bank servicers for Q2 2010 according to National Mortgages News. B of A of course absorbed Countrywide when they imploded. This also lists the number of delinquencies on their loans. These numbers include first and second mortgages.
Here's a video that is produced by two mortgage guys who explain why IndyMac wants to do shortsales and foreclosures and how our tax dollars are paying the bank for the difference. This is in layman's terms.
YOU'RE THE PHOTOGRAPHER!
Most people, when they have their camera in hand, take snapshots of other people or things. The focus is on anything and everything outside themselves. What many don't realize is that they also have a super high-resolution camera in their minds.
The words of William James are not new. They've been said before in many forms, i.e. "As a man thinketh, so is he," or "You are what you think about all day long," or "A man is what his thoughts make of him."
By simply framing a picture in your mind of the person you would like to become, then acting like that person - you ARE that person! I believe it was Zig Ziglar who said it this way: "Fake it 'til you make it!" In other words, just by "acting" like the person you want to be, you actually become that person.
Likewise, we often create our own limitations by creating small pictures of who we are. In the words of Michelangelo (1475-1564), "The greater danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it."
Why not take a closer look at the image you've created of yourself? Is it in focus? Does it portray the person you really want to be? Should you "zoom" in for a closer look, or go "wide angle" to broaden your horizons?
Your life is whatever you imagine it to be. Create a masterpiece!
There's lots of interesting info coming out about lenders with foreclosures in the headlines. Twenty three states have halted foreclosures with GMAC and B of A. Unfortunately, Oregon is a non-judicial state so it does not fall into lucky 23 state catagory. A major title company has stopped issuing title insurance on foreclosures properties with Chase. Details can be found here.
Nationally, foreclosure buyers received a 26% discount when purchasing foreclosed properties if they purchased in the second quarter this year. Pre Foreclosure buyers received a 12.97% discount. REO or bank owned foreclosure buyers were able to receive a 34.54% discount for their purchase in the second quarter.
According to RealtyTrac, about 24% of sales in the U.S. were foreclosures! The hardest hit states were California, Nevada and Arizona averaging nearly 50% for all of them combined.
Oregon, in the second quarter had around 25% of sales as foreclosures. Of course these foreclosures impact pricing and are creeping into appraisal comparables if they are near a home that is selling. Bad news for sellers due to the impact they have on their values.
The good news is for buyers, there are many properties to choose from. Here is a list of the foreclosures currently for sale in the Mt. Hood area from Government Camp, Rhododendron, Welches, and Brightwood:
Displaying blog entries 11-15 of 15
