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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 the nation, allowing certain fluctuations in the monthly statistics though. As of January 2010, totally 315,756 US properties [...]

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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 – as an alternative to escape foreclosure, the troubled home owners select Short Sales in these areas.
As per [...]

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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 showing an upward trend of 15.9 per cent of home purchase transactions, during the month of January.
In comparison [...]

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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 – amidst the gloomy situation engulfing the entire US country and creating untold anxiety in the minds of troubled [...]

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The legalities and illegalities of short sales

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 [...]

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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 thus when the interest spiraled they began to default. It was a cascade of foreclosures like nine pins [...]

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Homeowners continuing to be plagued by foreclosure scams in Arizona

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 [...]

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Senators contend that the focuses for them are foreclosures

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 [...]

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Mortgage Payoff Recoveries – an overview

Contrary to common belief, when a home owner forfeits the property to foreclosure auction through the Courts, there ends the matter and they do no more owe anything to the lenders, here is the startling fact.
There are a lot of instances where the barrowers are kept on the hook for years and lenders pursuing the [...]

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When “New Evidence on the Foreclosure Crisis” On The Journal’s Op … – Huffington Post

When “New Evidence on the Foreclosure Crisis” On The Journal’s Op … – Huffington Post

When “New Evidence on the Foreclosure Crisis” On The Journal’s Op …
Huffington Post
“What is really behind the mushrooming rate of mortgage foreclosures since 2007?” asked Professor Stan Liebowitz of the University of Texas, Dallas on the …
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Source: news.google.com

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