Latest Housing News

Short Sale and Foreclosure – Is Everyone on the Same Page

Short Sale and Foreclosure – Is Everyone on the Same Page

Short sale transactions are traumatic and unpleasant events but can be the straw that saves many drowning homeowners. What happens though, in short sale and foreclosure cases where the lender still goes after the homeowner after the...

CitiMortgage to the Rescue

CitiMortgage to the Rescue

The implosion of the residential property market has spread a pall of doom over the lives of millions of homeowners and it is often impossible for many to see any light in the resultant financial gloom. Fortunately...

Short Sale and Foreclosure – HUD Speaks Out

Short Sale and Foreclosure – HUD Speaks Out

In an attempt to institute actions to mitigate the present nationwide tidal wave of residential foreclosures and measures to prevent the recurrence of the phenomenon the US Department of Housing and Urban Development (HUD) has released a...

Time is ripe to embark on a Short Sale

Time is ripe to embark on a Short Sale

Yes – there can be no better timing as of now, to get out of your impending foreclosure, by selecting the escape route of Short Sales. The foreclosure crisis is at its high in all parts of...

Hardest-hit housing markets welcome Short Sales

Hardest-hit housing markets welcome Short Sales

If you browse the authentic real estate sites online, you will invariably find two striking realities. One – the foreclosure crisis has hit very hard some of the most-sought after locations of the U.S. country and two...

Short Sales are picking up as Popular Alternative for Foreclosure – Survey

Short Sales are picking up as Popular Alternative for Foreclosure – Survey

Are you skeptical about Short Sales being the escape route for foreclosure? See this – the latest monthly survey by Campbell/Inside Mortgage Finance. They conducted a survey on Real Estate Market conditions, which says Short Sales are...

January 2010 Foreclosure statistics show welcome signs

January 2010 Foreclosure statistics show welcome signs

It is not over yet. Millions of homes are still struggling under foreclosure crisis. Yet it is heartening to go through the figures reported in authentic real estate sites for the month of January 2010. Yes –...

The hassles of short sales have to be overcome to solve the housing crisis

The hassles of short sales have to be overcome to solve the housing crisis

The hassles of short sales have to be overcome to solve the housing crisis. A short sale takes place when a troubled house owner unable to manage the mortgage finds a buyer to purchase the property at...

Foreclosures on a hopping spree from residential units to commercial real estate

Foreclosures on a hopping spree from residential units to commercial real estate

The crisis in the housing market made its debut with foreclosures in residential units – primarily with those who had sub-prime mortgages. These mortgages were granted without checking on the financial capability of the loan taker and...