Troubled home owners in the Metropolitan areas of US housing markets are hard-pressed to think of new strategies, for foreclosure avoidance as well as selling their homes. When the real estate market in various cities and towns was trotting on even keel, people were not even aware of the term “foreclosure”. But they woke up [...]
You can find from the foreclosure report published by authentic real estate sites for February 2010 that apart from the old ones – Las Vegas; Phoenix; Los Angeles and Tampa Bay – there are new “Hotspots” emerging in foreclosure activity. They are – Boise – the most populous and capital city of the State Idaho; [...]
It is common knowledge that millions of home owners in the country are worst hit by the foreclosure fiasco. The glossary of real estate market is adding up new terms such as “For Sale By Owner”, “Foreclosure distress sale” and “Short Sale”. In spit e of initiative by the government to redress the grievance of [...]
The beginning of 2010 seems to hold some good news for long suffering homeowners across the US. Statistics released by Bank Foreclosure Sale indicate that the rate of new foreclosure listings has shown a notable decrease in January. Is it possible that short sales and foreclosure figures in the residential market may be stabilizing. The [...]
Short sale transactions are traumatic and unpleasant events but can be the straw that saves many drowning homeowners. What happens though, in short sale and foreclosure cases where the lender still goes after the homeowner after the sale has been concluded? This was the case for one Fredericksburg resident who, after the successful conclusion of [...]
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 [...]
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 [...]
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 [...]
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 [...]
We want to say thanks to Eureka for making our short sale possible
Roger and Lisa Pringle
Austin, Texas
