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first_img Demand Propels Home Prices Upward 2 days ago Mortgage Debt Negative Equity RealtyTrac 2011-04-05 Carrie Bay RealtyTrac Adds Property Equity Feature to Foreclosure Listings Is Rise in Forbearance Volume Cause for Concern? 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe April 5, 2011 577 Views Share Save Home / Featured / RealtyTrac Adds Property Equity Feature to Foreclosure Listings  Print This Post in Featured, Foreclosure, Technology Demand Propels Home Prices Upward 2 days ago Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English. The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Carrie Bay Governmental Measures Target Expanded Access to Affordable Housing 2 days ago “”RealtyTrac””:http://www.realtytrac.com on Tuesday unveiled “”new site features””:http://www.realtytrac.com/content/videos/navigating-net-equity-and-loan-position-6466 of its online foreclosure marketplace that allow users to see the amount of equity – or negative equity – in a property based on its estimated market value and total outstanding loans, along with a list showing the position of those loans.[IMAGE]The California-based company explained that estimated equity will be available for properties in the foreclosure process, including properties in default and scheduled foreclosure auctions. RealtyTrac says this information will be displayed prominently on each property details page as a dollar[COLUMN_BREAK]amount and as a loan-to-value (LTV) ratio, which represents the total amount of outstanding loans as a percentage of the property’s estimated market value.The equity and LTV will also be listed on search results, and users will be able to sort the search results by amount of equity or create search filters that only return properties within certain equity or LTV ranges.””These new features bring key information to the forefront, helping buyers and investors more quickly decide which distressed properties represent good purchase opportunities for them and which do not,”” said James J. Saccacio, RealtyTrac’s CEO. Saccacio says the new site features will also help real estate agents and brokers pinpoint potential listing opportunities – both short sales and equity sales – and spot second- or third-position loans that could trip up a short sale.””In addition, the position of outstanding loans will make it easier for auction buyers to avoid costly surprises when purchasing at the trustee’s sale or sheriff’s sale,”” Saccacio said. “”In short, these new features represent a giant step forward in terms of convenience and usability for our customers, paving the way for them to find the best foreclosure deals.”” Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Senators Propose Homeowner Advocacy Office for HAMP Grievances Next: Lawmakers Clash over Means of Implementing GSE Reform Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Mortgage Debt Negative Equity RealtyTrac The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

first_imgRelatedPosts Lampard: I still have confidence in Tomori Pirlo not out to copy anyone after Juventus’ comfortable opening win Mane double eases Liverpool to win over 10-man Chelsea Former Liverpool midfielder Xabi Alonso is reportedly in contention to take over as Manchester City assistant manager next season.Pep Guardiola is on the lookout for a new right-hand man following the departures of Domenec Torrent and Mikel Arteta over the past two years. According to Goal, Alonso is one of those being eyed up by City boss Guardiola to join him in the Etihad Stadium dugout.The pair worked together at Bayern Munich, with Alonso describing his countryman as the best coach he had played under.Alonso, who also represented Real Madrid during his playing days, is currently manager of Real Sociedad’s reserve side.Tags: LiverpoolManchester CityMikel ArtetaPep GuardiolaXabi Alonsolast_img read more