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 showing an upward trend of 15.9 per cent of home purchase transactions, during the month of January.
In comparison [...]
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 – amidst the gloomy situation engulfing the entire US country and creating untold anxiety in the minds of troubled [...]
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 a price that is shorter or less than the due loan amount. But to do so the borrower [...]
Recently it has been noticed that taking advantage of the situation some of the mega banks have got involved in short sale fraud and have been accused of the same. This is a new type of mortgage fraud that has emerged just at a time when regulators, legislators and financial experts are discussing means of [...]
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 thus when the interest spiraled they began to default. It was a cascade of foreclosures like nine pins [...]
Foreclosure scams are like insult to the injury of foreclosure and are continuing to plague the harassed homeowners. In Arizona the situation is particularly bad. To help the people a law has been introduced to control the mushrooming of firms’ falsely promising help as regards modifications of loans.
The bill (Senate Bill 1130) is prohibiting “foreclosure [...]
Foreclosures and unemployment causing loss of shelter and jobs are the prime reasons for causing many to become delinquent in matters of tax payments. In Connecticut many owners of residences and business concerns are falling behind in tax payments.
One of them is Carol Eaton, a resident of Milford and owner of Corp Décor that [...]
US President Barack Obama won a thundering and first standing ovation in the Senate, while making his address on the State of the Union. His remark “it’s time we impose a fee on those biggest banks, which were saved by the bailout of the government” was welcomed with cheers.
President Obama made his first address on [...]
Recently an unemployed fifty one year old Ethelda Lopez, stood silently witnessing the auctioning off of her house. Her retirement dreams vanished outside the court in downtown Merced. For six months she had tried without success to contact mortgage firms, government officials and local political bigwigs begging them to lower monthly payments or allow her [...]
Two Senators delivered statements in Washington while responding to Sun-Star series.
Senator Dianne Feinstein (Democrat/California) said that together with her staff she was laboring continuously to give as much of help as feasible to residents of California who are under threat from foreclosures. She claims to have connected the victims with counseling agencies and also forwarded [...]
A company of integrity is what I thought of Eureka. I was repaid for the roof repair as soon as I faxed the receipt. Everyone was happy. My clients got their new home that was a dream and a blessing for them. Thanks again.
WILDA RODRIGUEZ
Nations Realty
