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Tag Archive | "reo properties"

HUD to Sell REO Properties at Discounted Rates to NSP Grantees

Tuesday, July 13, 2010

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Tweet By: Brittany Dunn A new initiative announced Monday by HUD will give state and local governments and nonprofit organizations participating in the department’s Neighborhood Stabilization Program (NSP) preference to acquire homes from its inventory of foreclosed properties at discounted rates. Touted as the “First Look” initiative, this temporary program will align NSP and Federal […]

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Threat of Shadow Inventory Diminishing: Barclays

Monday, May 17, 2010

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Tweet Analysts at Barclays Capital say the industry’s ominous shadow inventory is close to topping out. New research published by the firm says the supply of homes nearing REO status, defined as 90 or more days delinquent or in the process of foreclosure, will peak this summer and then begin falling gradually as the market […]

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Fannie Mae Requests $8.4B in Federal Aid after Q1 Loss

Tuesday, May 11, 2010

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Tweet Mortgage giant Fannie Mae has reported a net loss of $11.5 billion for the first quarter of 2010. The deficit has prompted the GSE to ask the Treasury for another $8.4 billion in federal funding. Last week, Freddie Mac requested $10.6 billion from the Treasury after it too posted another quarterly loss. According to […]

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Delinquencies Fall for the First Time in 12 Quarters: TransUnion

Monday, May 10, 2010

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Tweet After steadily increasing for 12 consecutive quarters, the national mortgage loan delinquency rate—the ratio of borrowers 60 or more days past due on their mortgage—dipped down to 6.77 percent in the first quarter of this year, according to data released Monday by TransUnion. This statistic, which is traditionally seen as a precursor to foreclosure, […]

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Calculator’s to help with the home buying process

Friday, April 23, 2010

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Tweet These are calculators that we have found helpful for home buyers. Adjustable-rate Mortgage Calculator Cash-out Refinancing vs.Home Equity Loan Discount Points Calculator Home Affordability Calculator Home Equity Calculator Loan Consolidation Calculator Mortgage Monthly Payment Refinance Calculator Refinance Calculator We at NyOnlineRealty.com want to help you with the entire process of home buying if you […]

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REO Foreclosure: Westbury, NY

Tuesday, March 23, 2010

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Tweet Check out this REO Foreclosure in Westbury, NY!  Come check out this awesome asset! Four bedroom cape on large piece of property. Room to invest and flip. House needs serious TLC. You won’t find a cheaper house in Westbury. Only serious cash buyers need inquire.  Westbury is a great area in Long Island, and […]

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REO Foreclosure: Queens Village

Monday, March 22, 2010

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Tweet Check out this REO Foreclosure in Queens Village, NY. Stunning property, everything is new! Totally Renovated extended colonial on double lot, move in today! 2 new Baths, NEW eat in kitchen, THIS is a wonderful home that has 5 bedrooms, a FORMAL dining and living room, Located in the BEST part of queens village! […]

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REO Foreclosure: Baldwin, New York

Monday, March 15, 2010

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Tweet Come in and see the house of your dreams!!                                     Offered at $423,800 DESCRIPTION Check out this REO Foreclosure: Baldwin, New York This is the house of your dreams! This beautiful Hi-Ranch is located in the great neighborhood of Baldwin Harbor! This is a great deal on a family home!This deal will surely go fast! Call […]

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“The Johnny O Show”… Episode #2

Wednesday, March 10, 2010

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Tweet In today’s episode Johnny is on location at a property in the Copiague area of Long Island New York.  He’s there to do a walk through for the bank on an REO that has been sold to an all cash investor. Johnny’s humor and passion for real estate gives you a unique view on […]

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