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Wednesday, December 28, 2011 8:32 AM

[Wrong] In foreclosure and life is good?

Far too many people have sadly lost their homes to foreclosure in the last few years. But some people have chosen to strategically default and a side benefit to that is that it is possible to live in your home rent free for two or three years. CNN Money
Posted by Howard Arnoff | 0 Comments
Friday, December 02, 2011 7:49 AM

[Real estate gravity] What goes up sometimes falls hard

A tale of distressed property in Charleston that illustrates the point that home values sometimes decline far more than the average because this home appears to be back to where it sold around 2002. Now, you don't really know what the condition of
Posted by Howard Arnoff | 0 Comments
Thursday, November 10, 2011 7:52 AM

Foreclosures jump 7 percent in October from September

Just about a year after the robo-signing scandal slowed foreclosure activity, apparently the banks have straightened out their procedures and are now picking up the pace. The best line comes from James Saccacio, chief executive of RealtyTrac quoted by
Posted by Howard Arnoff | 0 Comments
Wednesday, October 19, 2011 8:32 AM

Bought as a foreclosure, sold as a short sale

Sometimes, the Charleston MLS offers an interesting history about homes for sale. I was looking at a home for sale in Charleston recently and when you look up the history of that listing, you find that it was originally purchased as a foreclosure and
Posted by Howard Arnoff | 0 Comments
Saturday, October 08, 2011 6:30 AM

[Surprise] Not all foreclosures are good deals

It's been said that you can get a good deal in today's market by buying a foreclosure from 20 to 40 percent below market value. And while there are many lender owned homes available for sale in Charleston that can offer you that opportunity, not
Posted by Howard Arnoff | 0 Comments
Friday, August 12, 2011 8:51 AM

From estates to fixers to everything in between

... there are foreclosures available for sale throughout the Charleston real estate market. Even though foreclosures have fallen to a 44 month low according to RealtyTrac , in part due to banks no longer able to just have robo signers get their way through
Posted by Howard Arnoff | 0 Comments
Friday, July 01, 2011 6:18 AM

Mortgage delinquency rates trending down

Good news for the housing market with mortgage delinquency rates trending down. While the numbers are still well above average (and that is not unexpected), at least they are heading in the right direction. Fannie and Freddie report similar trends. Fannie
Posted by Howard Arnoff | 1 Comments
Tuesday, June 28, 2011 6:37 AM

HOAs foreclose on delinquent homeowners

... and you'll be surprised who's snapping some of these homes up. From Florida, one of the foreclosure capitals of America, a really interesting story at TampaBay.com about Homeowner Associations that are foreclosing on delinquent homeowners
Posted by Howard Arnoff | 2 Comments
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Saturday, June 04, 2011 8:15 AM

Charleston foreclosures for every style and budget

... can be a very good deal and let's face it, who doesn't want a deal today anyway whether you are buying a house or shopping for groceries. From beautiful executive homes to handyman special fixer uppers to nice homes in nice neighborhoods,
Posted by Howard Arnoff | 0 Comments
Friday, April 15, 2011 7:12 AM

Surprisingly mixed messages in March 2011 foreclosure data

RealtyTrac released their monthly foreclosure data the other day. As expected, foreclosures were down because the lenders have been forced to delay foreclosures due to improperly processed paperwork. The highlights: Foreclosures in the first quarter of
Posted by Howard Arnoff | 0 Comments
Thursday, April 14, 2011 7:22 AM

Mortgage principal reduction not likely for distressed homeowners

It is not likely that underwater homeowners will see any reduction to the principal that is owed on their mortgage $200,000 $150,000 Business Week has a very comprehensive article on the US Foreclosure abuse settlement that would not require banks to
Posted by Howard Arnoff | 0 Comments
Sunday, March 06, 2011 9:00 AM

Charleston foreclosure profile by price range and year built

Here is something you might find interesting, a look at Charleston foreclosures currently for sale profiled by price range and year built. There are currently 266 homes indicated to be lender owned homes currently listed for sale in the Charleston MLS.
Posted by Howard Arnoff | 0 Comments
Sunday, February 06, 2011 8:30 AM

Your neighbor's foreclosure might cost you thousands of dollars

If you own a home, a foreclosure in your neighborhood might cost you thousands of dollars. And granted, if you aren't selling, it might just be a "paper loss" but not necessarily because if you want to take advantage of today's historic
Posted by Howard Arnoff | 2 Comments
Friday, January 28, 2011 9:45 AM

Charleston foreclosure activity on the rise

There are a lot of foreclosures for sale in Charleston, seemingly more every day. But a little perspective is in order. According to RealtyTrac , Charleston is ranked 48th of all metropolitan areas covered. Here are the totals for last year: 7900 properties,
Posted by Howard Arnoff | 0 Comments
Thursday, December 30, 2010 7:40 AM

Bank of America foreclosure faux paux of the day

... and on Christmas Eve, no less. Don't get me wrong, I like Bank of America, my mortgage is with them (even though they sold it to Bank of New York Mellon the other day). But they are really doing some stupid stuff lately and apparently even they
Posted by Howard Arnoff | 0 Comments
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