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Thursday, May 03, 2012 6:41 AM

Foreclosures down again but still a way to go

CoreLogic reports that foreclosures are down from last year and that shouldn't be much of a surprise to anyone. It's certainly part of the reason that inventory is down substantially right now in the Charleston real estate market. “There
Posted by Howard Arnoff | 0 Comments
Monday, April 02, 2012 8:20 AM

Charleston foreclosures should begin to trend up

With the mortgage settlement between the government and the banks and the robo-signing scandal behind them, we should finally begin to see the banks bring the long awaited shadow inventory of foreclosures to the market. South Carolina is a judicial foreclosure
Posted by Howard Arnoff | 0 Comments
Friday, February 10, 2012 6:35 AM

[Opinion] The $26 Billion mortgage relief deal

At long last, the government(s) and five of the nation's largest banks have agreed to a $26 Billion mortgage relief settlement. From Forbes, Why Homeowners Can't Bank on the Mortgage Relief Plan , "With great fanfare, the US Department of
Posted by Howard Arnoff | 0 Comments
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
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