Fannie and Freddie Accelerating Short Sale Approvals
We appreciate that the US Government now owns over 50% of our homes in the US through Freddie and Fannie and the fact that they are getting on board with their own initiatives of accelerating short sales or get fined! Any how you slice it...this is good news! Thanks...
DeMarco leaning towards NO Principal Forgiveness on Fannie or Freddie Loan Modifications…Strategic Modifiers?
The Numbers are out. Short Sales up 12% in 2011…
Well...That's lack luster! We anticipated Huge Short Sale #'s. However, who could have anticipated the story of "robo signing" and the massive amounts of fraud being committed by the banks? No one...except the bank executives that committed the fraud. So...here are...
California Short Sales Down…Equity Sales Up!
Sale of Distressed Properties Down in California, Equity Sales Up By: Esther Cho 03/27/2012 In California, the sale of distressed properties slowed down as equity sales picked up in February after two months of decline, the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.)...
Just Released: Bank Of America Endorses Short Sales For Failing Loan Modifications
April Marks the Biggest Month in Conversions from HAMP Trial to Permanent Modifications CALABASAS, Calif., May 13 /PRNewswire/ -- Bank of America has completed about 56,400 permanent mortgage modifications under the federal government's Home Affordable Modification...
Mortgage Rates Falling…Default Filings Down, REO's UP…..?
Kris & Kim Darney Featured in Inland Empires Daily Bulletin Article about Foreclosure Activity
Data: Foreclosure Activity Falls in I.E. Link to the Article Rebecca U. Cho, Staff Writer Created: 05/13/2010 07:41:28 PM PDT National foreclosure activity fell last month on an annual basis for the first time in four years, with the Inland Empire's filings dropping...
Field of Dreams… Kevin Costner…On the Market for $5.4Million
One of the best "Guy Movies" of all time...Up there with "Rudy". Well, I guess we all have to cash in some time. If you list it, will they come? The Lansing family hopes so. The Des Moines Register is reporting that the Iowa site where the 1980 movie “Field of...
Steve Jobs..An Inspiring Must Watch Video. Follow Your Passion… Success will Follow YOU!
Banks Ignore Delinquent Borrowers…What's The Real Number Of Defaults?
By: Diana Olick CNBC Real Estate Reporter Some encouraging signs on the foreclosure front may not be as rosy as some are reporting. RealtyTrac, the online foreclosure sale site, shows a 9 percent dip in the number of properties with foreclosure filings in April,...
Nicolas Cage, Susan Somers, Burt Reynolds all Dropping Homes Prices = Short Sales
Stars Not Immune to Slow Market Even the rich and famous are not immune to the battered real estate market, as celebrity after celebrity is forced to lower his or her asking price. Nicolas Cage has had to cut the price on one of his homes by $17.5 million, and former...
Re-Blog…Realtors, Is It Too Late For You…Are You Ready For What Is Coming Next?
Here is a great question for you…this is the very question that I ask myself..and all of our Harris Real Estate University coaching students…as often as possible. This question is designed to force you to think, challenge you and then get you into action. Yes, I know...
US Home Sellers Cut Prices as Tax Credit Ends….More Short Sales
By: Reuters More U.S. home sellers cut their listing prices in April, aiming to seal deals in the waning days of federal tax credits meant to revive housing, real estate web site Trulia.com said on Wednesday. Prices on 22 percent of homes on the market as of May 1 had...
Home Buyer Tax Credit Takes its Toll…More Short Sales and Foreclosures?
CNBC Real Estate Reporter Diane Olick As the end of the home buyer tax credit neared last month, we all argued whether or not the increase in sales and the relative price stabilization could survive on their own. The first clues indicate the answer is: No. One full...