Salem-News.com Real Estate articles Page 3

The Sands of Bayocean

The story of Bayocean is one of ruthless ambition and human folly amid the seductive beauty of the Oregon Coast.

(SALEM, Ore.) - Bayocean - the name evokes an inviting duality of the rolling sea and a paradise sheltered from storms, where the blue sky is painted with soft clouds that drift across the horizon like daydreams.

And so it was for many years for those who thought life there would be idyllic, nestled into the uncrowded beach of the Tillamook Peninsula.

Foreclosure Rates in Salem Increase

Data and percentage point differences are rounded to the nearest tenth and may appear to affect calculations.

(SALEM, Ore.) - Foreclosure rates in Salem have increased for the month of November over the same period last year, according to CoreLogic.

According to newly released data from CoreLogic on foreclosures for the Salem area, the rate of foreclosures among outstanding mortgage loans is 2.38 percent for the month of November 2010, an increase of 0.66 percentage points compared to November of 2009 when the rate was 1.72 percent.

Foreclosure Rates in Salem Increase

As of October 2010, 0.62 percent of homes with a mortgage in Salem were in REO (real estate owned) status.

(SALEM, Ore.) - Foreclosure rates in Salem have increased for the month of October over the same period last year, according to CoreLogic.

Salem's rate of foreclosures among outstanding mortgage loans is 2.22 percent for the month of October 2010, an increase of 0.51 percentage points compared to October of 2009 when the rate was 1.71 percent.

Salem Real Estate News and Trends

In Salem, 15.8 percent, or 10,712, of all residential properties with a mortgage were in negative equity for third quarter 2010.

(SANTA ANA, Calif.) - CoreLogic today released negative equity data indicating a third consecutive quarterly decline in negative equity for residential properties.

CoreLogic reports that 10.8 million, or 22.5 percent, of all residential properties with mortgages were in negative equity at the end of the third quarter of 2010, down from 11.0 million and 23 percent in the second quarter.

LPS` Mortgage Monitor Report: October Data Shows Foreclosure Inventories at All-Time High Rates

(JACKSONVILLE, Fla) - The October Mortgage Monitor report released by Lender Processing Services, Inc. (NYSE: LPS) shows that accelerated foreclosure referral activity over the last several months has pushed the foreclosure inventory rate to all-time highs. As of the end of October 2010, foreclosure inventories are 7.4 times historical averages and rising.

Lawsuit Accuses California Loan Modification Company of Cheating Oregon Homeowners

The lawsuit alleges that American Team Mortgage charged more than $80,000 in fees from nearly three dozen Oregon homeowners in violation of Oregon law

(SALEM, Ore.) - Attorney General John Kroger today announced a lawsuit that accuses the California-based American Team Mortgage, Inc., of repeatedly violating Oregon’s Unfair Trade Practices Act and Mortgage Rescue Fraud Protection Act.

“Homeowners facing foreclosure need help, not false promises,” said Keith Dubanevich, Chief of Staff and Special Counsel to Attorney General Kroger.

Urgent Action Needed to Stem Foreclosures, Greenlining Institute Warns

Group that warned of crisis in 2005 sounds new alarm as Senate examines crisis.

(WASHINGTON, D.C.) - The Greenlining Institute sounded a new alarm this week as the Senate Banking Committee prepares to examine the ongoing foreclosure crisis.

Greenlining urged aggressive action to stem a pending tide of foreclosures, including a moratorium and principal reductions.

Tiny Timmy Little Benji Trick Treaties
Systemic Welfare Fraud and Financial Economic Corruption

Norman King C.1050 Real Estate Law Property Chronology.

(PHILADELPHIA) - Real Estate Law commences with conquest of "England in 1066 by the Norman King William." [1]. "William decreed that he owned all of the land in England by right of conquest. Not one acre of England was to be exempted from this massive expropriation.

The king struck a bargain with a lord for a large chunk of land. The lords that held their tenure directly from the king were called tenants-in-chief.

Home Price Index Declined For the First Time This Year: Home Prices in Salem Decrease

Salem home prices declined by -9.10 percent in August 2010.

(SANTA ANA, Calif.) - CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today released its Home Price Index (HPI) which shows that home prices in the U.S. declined for the first time this year.

According to the CoreLogic HPI, national home prices, including distressed sales, declined 1.5 percent in August 2010 compared to August 2009 and increased by 0.6 percent.

Tigard police take lead to help make rental properties safe

The program helps rental property managers, owners and landlords maintain a safe and attractive property

(TIGARD, Ore.) - The Westside Crime Prevention Coalition (WCPC) will present a training opportunity to rental property owners and managers on Wednesday, November 3, 2010. John Campbell will present the eight-hour training session titled "Keeping Illegal Activity Off Rental Properties" at the Beaverton City Library, 12375 SW 5th Street in Beaverton. It will begin at 8:30AM and continue until 4:30PM in the first floor conference center. The cost is $35.00 which includes a continental breakfast, lunch and a training manual.

The training curriculum is adapted from a nationally recognized program developed by Campbell. The need for this training came to mind after Campbell was embattled in his own neighborhood in a struggle with criminals seemingly overtaking the area. The idea was then developed specifically for rental properties in efforts to enhance their safety and create more desirable neighborhoods.