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 for some who have come to accept terms such as short sale and foreclosure as part of their [...]
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 report to congress outlining these recommendations.
According to the HUD report one of the biggest contributors to the initial [...]
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 [...]
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 [...]
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 [...]
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 [...]
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
