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Report: Profit from flipping homes up

RealtyTrac, a leading source in the U.S. for comprehensive housing data, today released its Q4 and Year-End 2014 U.S. Home Flipping Report, which shows 136,269 U.S. single family homes were flipped in 2014, 5.4 percent of all single family home sales during the year — the lowest share of flips since 2011. A total of 32,578… Continue Reading Report: Profit from flipping homes up

FHA borrowers to save under Obama proposal

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FHA borrowers to save under Obama proposal

President Obama last week proposed lowering insurance premiums on FHA-insured loans by 50 basis points, claiming this would save 250,000 borrowers an average of $900 annually in house payments. “The annual premiums on FHA loans, an especially popular source of financing for first-time home buyers, have increased five times since 2010,” according to an article in… Continue Reading FHA borrowers to save under Obama proposal

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Foreclosure starts spike in October

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Foreclosure starts spike in October

El Paso County is having the busiest month for foreclosure starts since April, according to Public Trustee Tom Mowle. “Going up one month is not really a trend,” Mowle said. Many files that were rejected in August and September are being filed again this month and have been corrected, he said. Currently, there have been 137… Continue Reading Foreclosure starts spike in October

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State foreclosure activity spikes in August

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RealtyTrac, a leading online marketplace for real estate data, on Thursday released an August Foreclosure Market Report which shows 1,478 Colorado properties with a foreclosure filing, up 23 percent from July and up 57 percent from a year ago — the biggest annual increase in Colorado foreclosure activity since April 2007. Colorado Springs’ foreclosure rate jumped… Continue Reading State foreclosure activity spikes in August

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Homes underwater in CSprings

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Homes underwater in CSprings

Some 9.1 million homes were seriously underwater in the second quarter of this year, RealtyTrac, the nation’s leading source for comprehensive housing data, announced in its U.S. Home Equity and Underwater Report. To be seriously underwater, the combined loan amount secured by the property is at least 25 percent higher than the property’s estimated market… Continue Reading Homes underwater in CSprings

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Home price appreciation slows in 65 percent of U.S. housing markets

RealtyTrac, the nation’s leading source for comprehensive housing data, released its July 2014 U.S Residential & Foreclosure Sales Report Aug. 28. The report shows that U.S. residential properties, including single family homes, condominiums and townhomes, sold at an estimated annual pace of just over 4.6 million in July, down 3 percent from the previous month… Continue Reading Home price appreciation slows in 65 percent of U.S. housing markets

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Data released Thursday by a national housing-trend tracker show that overall foreclosures across the U.S. were up 2 percent in October, while the number of active foreclosure homes at auction in Colorado was up a whopping 124 percent. U.S. foreclosure filings did, however, did see a decrease of 28 percent compared to the same time… Continue Reading RealtyTrac claims state foreclosure rates up in October, down for year

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Foreclosure filings fell 21-percent from the previous month, and 14-percent from November 2009, according to a RealtyTrac report. There were 262,339 foreclosure filings in the United States for November. Colorado was the 10th highest state for foreclosures with 4,970. RealtyTrac CEO James Saccacio attributed the drop to seasonal cycles, which typically result in a 7 to… Continue Reading Foreclosure activity plummets nationwide due to moratorium

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