short-sales
Crime changes water rules
February 06,2012 08:51 AM
Because of what happened with the homes involved in that case, the Albuquerque Bernalillo County Water Utility Authority is changing the rules. At the beginning of December Forencio Pacheco found Shaun Anaya renting out his neighbor's foreclosed home.
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Wayne Co. offers homes in Detroit for cheap
February 06,2012 08:51 AM
It's the second year for the practice, with the county last year selling 1200 unclaimed tax-foreclosed city properties from its $500 auction back to occupants. Many were elderly and poor who got hopelessly behind on taxes, county officials said.
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Investors Can Sign Up to Bid on Foreclosed Homes - US Economy ...
February 06,2012 08:26 AM
Government-run Fannie Mae, Freddie Mac said Wednesday investors could now sign up to pre-qualify to bid on foreclosed properties.
www.cnbc.com/.../Investors_Can_Sign_Up_to_Bid_on_Forecl...
www.cnbc.com/.../Investors_Can_Sign_Up_to_Bid_on_Forecl...
New pilot program targets vacant and foreclosed properties in six ...
February 06,2012 08:26 AM
Pat Quinn announced a pilot program targeting vacant and foreclosed properties in six Cook County communities. Called the Illinois Building Blocks Pilot ...
www.iarbuzz.com/.../pilot-program-targets-vacant-foreclosed-...
www.iarbuzz.com/.../pilot-program-targets-vacant-foreclosed-...
Private Equity Firms Purchase Fannie Mae Foreclosures
February 06,2012 06:52 AM
By Kevin Chiu The bulk sale of foreclosed Fannie Mae homes to private equity firms will place foreclosures right back into the very hands of some of the banks and investors which triggered the foreclosure crisis by manipulating financial markets.
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Florida bill seeks to hasten foreclosures
February 06,2012 05:08 AM
Nonjudicial foreclosure means a lender can take a house in foreclosure legally without going before a judge – considered cheaper, quicker and moving foreclosed homes back into the marketplace sooner. Passions are high on both sides of the debate in a ...
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Foreclosure Deal Gets Closer
February 05,2012 11:43 PM
| California is the state with the most homeowners who owe more than their homes are worth and, as a result, stands to benefit more than any other state from the agreement. Negotiators have offered a commitment that a certain portion of the deal's ... See all stories on this topic » |  Wall Street Journal |
American Foreclosure Bottoms at Atlanta Tower Auction: Mortgages
February 05,2012 11:43 PM
The 1023-foot building would be the tallest in the US to be foreclosed on since the financial markets froze in 2007, according to Real Capital Analytics Inc., a New York-based property research company. Boston's John Hancock Tower, New England's ...
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Deal Is Closer for a US Plan on Mortgage Relief
February 05,2012 08:55 PM
The settlement would require banks to provide billions of dollars in aid to homeowners who have lost their homes to foreclosure or who are still at risk, after years of failed attempts by the White House and other government officials to alter the ...
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Feds want to help turn foreclosed properties into rentals - City ...
February 05,2012 06:02 PM
The first phase is in Chicago but we have a hell of a lot of foreclosures so this program will be big in California. Feds want to help turn foreclosed.
www.city-data.com/.../1486826-feds-want-help-turn-foreclose...
www.city-data.com/.../1486826-feds-want-help-turn-foreclose...
Mon, 06 Feb 2012 14:11:54 GMT
Fannie Mae Given More Authority Over Short Sales RealtyBizNews Now however, with one less bit of red tape to get by, it's hoped that Fannie Mae mortgage servicers will be able to step up the approval of short sales. The latest mortgage insurer to give Fannie Mae the authority to proceed without waiting is the PMI ... |
Mon, 06 Feb 2012 12:05:01 GMT
A Weak But Moving Housing Market KBND Kip Lohr with Lohr Real Estate specializes in short sales, gives us his take on the upcoming year. “Well, I'd love to tell you I see good news on the horizon. But in the short term, the next year or so, there is still downward pressure on home prices ... |
Mon, 06 Feb 2012 08:34:10 GMT
Half of county home sales were foreclosures or short sales HeraldNet Distressed properties -- or those that are short sales or foreclosures -- accounted for 49 percent of the sales in the first and final quarters in 2011. Those property sales accounted for 46 percent of home sales through the second and third quarters ... |
Mon, 06 Feb 2012 08:33:24 GMT
AZ HB2584 Short Sale Provision Would Expand Consumer Protections, But Will ... PR Web (press release) Bob Hertzog with Summit Home Consultants in Phoenix, AZ says that new AZ legislation promises to give short sales the same anti-deficiency protection as foreclosures. Legislators are torn between coming down on the side of homeowners or lenders. |
Mon, 06 Feb 2012 03:15:53 GMT
Time Running Out for Short Sales Housing Predictor Bank assisted short sales allow mortgage holders to sell their homes at less than what they owe on a mortgage with the cooperation of the lender. Short sales are expected to increase during 2012 as a result of lenders' realizing that troubled ... |
Sun, 05 Feb 2012 03:32:59 GMT
 ChicagoNow (blog) | How The Government Actually Makes It Harder To Buy And Sell Short Sales ChicagoNow (blog) So, since we rebate a portion of our commission to our buyers, our buyers have a disincentive to buy short sales where this rule is in effect. In reality we may have totally legal ways of providing an equivalent economic benefit but I can't always ... |
Sat, 04 Feb 2012 19:11:37 GMT
Short Sale: Don't Give Up! JD Supra (press release) Stories about short sales and how complex, time-consuming, and frustrating they can be are everywhere. However, my advice is not to give up on them just yet! Below are a few thoughts on why you should give short sales another chance: Short Sale: Don't ... |