Banks are not in the real estate business – this is the theory everybody knows, but the real estate market meltdown in the recent years has proved it to the banks more authoritatively. The foreclosure fiasco and the resultant heavy load of repossessed properties by lending banks have taught a bitter lesson to these financial [...]
NATIONWIDE Self Regulation by Banks is Enough In the aftermath of all social tragedy there is a compelling attraction toward drastic action and in that of the Global Financial Crisis it appears that things are no different. After observing the ludicrous risks taken in pre-2008 lending practices, and the remuneration offered those approving such [...]
The latest foreclosure report for the quarter ended March 2010 by reliable real estate statistics sites, reveals that there is an increase of 7 percent in the foreclosure activity nationwide. This is in spite of the foreclosure prevention programs like The Home Affordable Mortgage Program (HAMP) announced by the Treasury Department, more than a year [...]
According to reports relating to foreclosure activity in the country, the first quarter ending March 2010 has seen there is no let up in foreclosure filings and on the contrary, the figures are shooting upwards. Foreclosure activity by lenders on delinquent properties is of three stages, as everyone knows. The first stage is pre-foreclosure – [...]
Statistics reveal that in the last year more than 1.4 million mortgage loan borrower-home owners have been offered loan modifications by the federal government on a trial basis. This is arising out of The Home Affordable Mortgage Program (HAMP) announced by the Treasury Department one year ago. The taxpayers are helping troubled home owners to [...]
Eureka was incredibly patient and assured me that we would close on our contracted close date. Although, we had a few sticking points come up with the short sale, they were right, we closed @ 10am on our contracted close date!! My fellow realtors couldn’t believe that we closed on time…their experiences with short sales have been “nightmares”. Thank you Eureka!
Jonna Juul-Hansen
Pacesetter Properties
