Your RealtyTrac August Newsletter

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Monthly Newsletter

August 2009 Issue 32

Top Story of the Month 336,173 Foreclosure Filings Reported in June 2009 A total of 336,173 foreclosure filings - default notices, auction sale notices and bank repossessions - were reported in June 2009, a 5 percent increase from the previous month and a 33 percent increase from June of 2008, according to RealtyTrac's U.S. Foreclosure Market Report. Read Entire Story More News from RealtyTrac Will The FHA Insure Loans With Nothing Down? On May 11th, HUD published a "mortgagee letter" which said that the $8,000 tax credit for first-time homebuyers could be applied toward the FHA down payment in the form of a short-term loan. For many entry-level borrowers, $8,000 would be the equivalent of financing with nothing down - or pretty close to it. Read Entire Story Does Negative Equity Cause Foreclosures? For years folks have been wondering what caused the mortgage meltdown and many people have pointed to subprime loans. But it turns out that borrowers with weak credit and toxic loans were not the problem, at least according to The Wall Street Journal. Read Entire Story 7 Day FREE Trial! You start a 7-Day FREE Trial. We uncover the hidden info. Get complete access to all of our property data - including street addresses - and comprehensive foreclosure data. Everything our members enjoy every day! Start FREE Trial! Advertisement Advertisement Search for Foreclosures in Your Area! Enter ZIP Code: NEW! Watched Property E-mail Alerts Our new Watched Property e-mail alerts allow you to track the current home value, foreclosure status, market status and resale rating for any property or properties. You'll receive an e-mail notifying you when any of these property characteristics of a Watched Property changes. Watch A Property Now!

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