Connection Between Home Prices and Family Wealth
The Connection Between Home Prices and Family Wealth. Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this...
Builder Confidence Hits 11-Year High
Builder Confidence Hits 11-Year High Builder Confidence Hits 11- Year High. In many areas of the country, there are not enough homes for sale to satisfy the number of buyers looking to purchase their dream homes. Experts have long proposed that a ramp-up in new,...
Things to Consider When Selling Your Home – Winter 2017
Things to Consider When Selling Your Home. The housing crisis is finally in the rearview mirror as the real estate market moves down the road…
How Long Do Most Families Stay in Their Home?
How Long Do Most Families Stay in Their Home? The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. Findings conclude one of the data points that has changed dramatically is the median tenure of a family in a home. As the...
Fairness in Foreclosures Act of 2011 H.R. 3566 No Deficiency Judgment for Short Sales?
I like it when our elected officials get excited about a program that helps homeowners and former homeowners in specific. this bill introduced by Rep. Edolphus “Ed” Towns (NY-10) is a great idea...however, this proposed bill completely eludes the Short Sale. Not even...
Bank of America Foreclosure Moratorium! Happy Thanksgiving and Merry Christmas…More Short Sales?
This released from Bank of America... As the holidays approach, Bank of America will comply with applicable Holiday Moratorium requirements to avoid causing emotional distress to the occupants of a property. For this reason, foreclosures, evictions, relocation...
Linder's Furniture Going Out of Business! Collateral Damage?
We normally don't report on the retail furniture market...but this came a s a surprise as this was announced today....Linder's Furniture...a large retailer in the Southern California furniture landscape...announced it was closing it's doors after they complete...
Nearly Impossible To Make Mortgage Payments….Consider A Short Sale Instead Of Foreclosure
We've been getting lots of calls from homeowners recently. More and more people are taking a look at negative equity in their home and the fact its a struggle to pay the mortgage each month. According to recent data from U.S. Census Bureau the real median...
Short Selling Your Home…Leave a Bed in It!
One of our good friends and Short Sale Students Larry Bass from Denver, CO created this video...light in nature...but the information is great Short Sale Secret! Please watch and share http://www.foreclosureanswerman.com/fam069-a-foreclosure-and-a-bed/
California…Short Sale Your Home, Rent it and Buy it Back… www.ShortSellRentBack.com
Imagine... Short Sell your home that's underwater, get rid of the Negative Equity, Rent it back for up to 3 years...then buy it back minus all the negative equity? https://shortsalesellit.com/?page_id=1434 Contact Kris & Kim to learn more! 323-999-1822...
California at Bottom of National Homeownership Percentage with 55.9%
Interesting information on from DSNEWS.com about the nations homeownership percentages state by state. California tranked in the bottom 5 of the 50 United States...at 55.9%. The nations average is 66%...with West Virginia being at the top with 76.1% and Washington DC...
Bank of America Pushing Short Sales in their "Test" in Florida…Offering up to $20,000 Bounty
This breaking news from DS News... Bank of America is "testing" a short sale "test and learn" program in Florida with payments up to $20,000 to the succesful sale of a property sold via the Bank of America Short Sale program payable to the seller at close of...
Bank of America, JP Morgan Chase, Wells Fargo and Citi to Participate in HARP 2.0
Call it what it is...the only reason "the Big 4" are participating is to avoid hefty fines and punishment for selling "knowingly" bad loans to Fannie and Freddie... Of all the Government "Save our Housing" Programs... Home Affordable Refinance Program is probably the...
New and Improved HARP Home Affordable Refinance Program
The Federal Housing Finance Agency (FHFA) released details of a newly revamped Home Affordable Refinance Program(HARP) today, with the main feature being a lack of a loan-to-value (LTV) limit. Previously, the max LTV accepted under the program was 125 percent, meaning...