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 [...]
The hassles of short sales have to be overcome to solve the housing crisis. A short sale takes place when a troubled house owner unable to manage the mortgage finds a buyer to purchase the property at a price that is shorter or less than the due loan amount. But to do so the borrower [...]
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 [...]
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 [...]
Foreclosures rise with unemployment | Geithner says more time is … – Examiner.com Examiner.com Foreclosures rise with unemployment | Geithner says more time is … Examiner.com Foreclosures and job losses continue to dominate headlines nationwide. During the first quarter of 2009, the percentage of borrowers behind on their mortgage, or in foreclosure, doubled from a [...]
Obama needs a Plan B to arrest foreclosures – or elseNew York Daily News, NYThe key threat is the still mounting foreclosure crisis, which appears set to overwhelm the Obama Administration's plan to stem it. The administration's economic successes, including the fiscal stimulus and bank stress tests, will be for naught unless … Continue…
Bay Area home sales delivered a smidgen of good news in April – but it came laden with the caveat that it’s too soon to declare a turn-around in the beleaguered real estate market. 45sgx35cr5 While home prices plunged compared with the same time last year, the median sales price for existing homes in the [...]
High-end properties are increasingly coming under the sort of pressure once reserved for moderate homes. In fact, as slowing price declines fuel hope that the real estate bottom is near, other signs suggest the worst is on its way for the region’s upscale market. Read More Tags: luxury+homes, high+end+properties, short+sale, foreclosure
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
