Friday, July 25, 2008

Bulk reo - Housing downturn deepens with new home sales down 0.6 percent in June - Los Angeles Times

WASHINGTON (AP) _ Sales of new homes fell in June for the seventh time in the past eight months; more proof that the worst housing slump in decades is getting deeper. The Commerce Department reported Friday that sales of new single-family homes www.bankreopropertydeals.com

NEW YORK (AP) _ The number of households facing the foreclosure process more than doubled in the second quarter compared to a year ago, according to data released Friday. Nationwide, 739,714 homes received at least one foreclosure-related notice www.bankreopropertydeals.com

WASHINGTON (AP) _ Cash-strapped homebuyers and borrowers facing foreclosure will get some relief from a housing bill passed by the House on Wednesday but the bill won't solve the deep-rooted ills of the U.S. housing market. The bill was widely www.bankreopropertydeals.com

July 23 (Bloomberg) -- Fannie Mae , the largest U.S. mortgage finance company, couldn't find a buyer who would pay $6,900 for the three-bedroom house at 1916 Prospect St. in Flint, Michigan. So broker Raymond Megie, who is handling the foreclosure www.bankreopropertydeals.com

www.researchandmarkets.com - Research and Markets ( www.researchandmarkets.com/research/488004/portreal_us_reside ) has announced the addition of the "PortReal US Residential Real Estate Market Report Q3 2008" report to their offering. This report www.bankreopropertydeals.com

WASHINGTON (AP) _ Treasury Secretary Henry Paulson says agreement on a sweeping housing rescue bill will send a strong message to investors around the world and will be key to helping the nation turn the corner on the housing crisis. Paulson said www.bankreopropertydeals.com

Say you're having a dispute with a landlord over a lease. Or facing possible foreclosure proceedings amid the widening subprime mortgage crisis. Or being sued. Whatever the situation, you might want to seek legal advice to make sure your rights are www.bankreopropertydeals.com

The House today passed a massive housing bill after the White House announced that President Bush would sign it despite his opposition to $3.9 billion in aid to communities hit hard by a housing crisis that has spawned 1.5 million foreclosures. The www.bankreopropertydeals.com

NEW YORK (AP) _ Wall Street headed for a mixed open Thursday as investors awaited a report on the troubled housing market and watched oil prices edged higher. Investors were also awaiting the next round of second-quarter earnings reports. A key www.bankreopropertydeals.com

Major U.S. stock indexes deepened their losses on Thursday afternoon as investors reacted to a worse-than-expected drop in existing home sales and some negative earnings reports, while oil prices reversed to the upside after earlier declines. On www.bankreopropertydeals.com

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