Foreclosure crisis; economic down-turn; uncertainty of the market trend; and financial crunch – all these are the minus points of housing markets in US today. Yet the latest Survey conducted by Move Inc. among prospective American home buyers, shows that interest in real estate as an investment has more than tripled in the last year. [...]
Are the Realtors in the reportedly “sluggish” US housing markets will lose interest and look elsewhere? No way – according to the 2010 National Association of Realtors Member Profile, three quarters of Realtors are very certain that they will remain active in the market for two more years. Only 8 percent of them were uncertain [...]
The foreclosure crisis has culminated into many social problems, including dishonesty and throwing ethical standards to the winds. Instances of many underwater borrower-house owners just leaving the lending bank in the lurch, by simply stopping payment and dare their lenders to do what they can – have come to light. The latest news story pertains [...]
US Real Estate market experts are expressing their opinion, under various market conditions and developments, arising out of the foreclosure crisis. But what actually counts are the sentiments prevailing in the minds of people buying and selling foreclosed homes, to cause a flutter in the housing markets. The recent survey conducted by Realtytrac and Trulia.com [...]
U.S. real estate has experienced that Spring is the peak season for home buying for the last several years. But what is the position now with the foreclosure fiasco plaguing the country and making the housing market sluggish as never before? The updates we are getting as of now are encouraging of course. The National [...]
When the Home Affordable Mortgage Program was announced last year and after studying the features of the foreclosure mitigation plans of the Obama administration, experts voiced their concern that the program would at best slow down the foreclosure activity and would not bring forth avoidance of severe economic strain to the US economy. After a [...]
A latest report by government auditors has confessed that more than 75 percent of home owners, who went in for loan modifications and reduced monthly mortgage payments, owe more on their mortgage loan, than their homes are worth. Citing February statistics, the report says over 50 percent of an estimated 170,000 distressed borrower-home owners are [...]
Arising out of the foreclosure crisis, there is a new phenomenon causing concerns all around and putting the US government under pressure – Home owners just walking away from their homes, leaving the premises have a ghostly look deserted. This happens in all parts of the country, especially where the foreclosure crisis has hit hard. [...]
Experts attribute the unemployment problem as the basis for the deepening of foreclosure crisis for the last few years. No question – the down-turn of US economy is the root-cause for the housing bubble, to start at first through the ballooning effect of interest rates on mortgages. But the recovery from it has not become [...]
Kind of encouraging news is delivered by the latest Foreclosure Activity Report just released by Realtytrac. It is a welcome change no doubt, for those millions of distressed home owners, keeping their fingers crossed, after listing their properties in the sluggish market for sale. The pressure from the foreclosure properties competing for sale, at throw [...]
Eureka, was instrumental in helping us sell our home. As our family experienced financial hardship we were left with limited options in dealing with our home. Because of our current financial situation and future plans to support our kid’s through college we chose to sell our home. Eureka was creative and always showed to have a solution regardless of the situation. If you are lost, facing foreclosure, or have any questions regarding selling your home, call Eureka a call they will have an answer.
Heriberto Garcia
Austin, TX
