July 8, 2010
NATIONWIDE
What is the position of “Principal reductions” under HAMP?
There were criticisms on the progress of HAMP – Home Affordable Modification Program – devised to lower the monthly payments of troubled borrower-home owners, primarily through interest rate cuts. Both the bailout watchdog committee and Democrats in Congress sustained their criticism and finally The Treasury Department outlined a plan in April that calls for principal reductions, as the only way to address the grievances of underwater homeowners. But that plan is yet to kick off. Read More…
How healthy is Realtors’ business? A see-through of NAR Member Profile 2010
The 2010 National Association of Realtors Member Profile was based on a survey of 58,022 members, which generated 6,830 usable responses. Read More
LENDERS & SERVICERS
ALFN’s 8th Annual Leadership Conference
Four day executive summit will focus upon Federal & State Legislative Analysis & Outlook, National & Local Legal Concerns as well as the Issues Impacting Commercial & Residential Loan Servicing Practices. This conference’s educational offerings will equip all attendees with the training and information necessary to effectively address the current and future residential loan servicing landscape. Read More..
COMMERCIAL
Tidal wave of commercial foreclosures yet to arrive
Few years ago, commercial real estate brokers expected that a foreclosure flood will hit in the commercial property sector, but it is yet to arrive. In the circumstances, at least in Southern California, the first major commercial foreclosure of 2010 in San Diego County did not happen until late June – according to Cushman & Wakefield Inc. the commercial real estate brokerage firm. Read More….
LUXURY HOMES
What Do We Want? Gradual Change! When Do We Want It? In Due Course!
The average property owner will turnover a property once every 8 years. This of course means that many people in the US property market wishing to sell are doing so in the ordinary course of their lives, for a variety of reasons, none of which have anything remotely to do with defaulting on their mortgage repayments. Read More
MARKET UPDATE – NAPLES
Spurt in Commercial Real Estate sales in Old Naples
Sale of lots for multimillion projects of apartment complexes, as well as high-end properties located in water-front areas of Old Naples are picking up briskly, as project developers are beaming. It is a new trend for Old Naples, after a lull during last year. Read More…
Waterfront properties in Old Naples selling fast – Realtors say
Even in these hard days of sluggish housing markets elsewhere in the country, Realtors of Old Naples are happy that their area is seeing a resurgence, particularly in respect of single family homes, condos and residential complexes located in the waterfront. Read More…
Collier County Court and foreclosure case hearings
Foreclosure cases dealt with in Courts of Law are causing a flutter among the Court officials and Attorneys, owing to their hugeness in numbers and paucity of time to hear them all. Collier County Court is one such example – where Attorneys defending troubled home owners in foreclosure cases have a grudge that they are not getting enough time slots. Read More..
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