Media reports on the above question have an answer – home sales are rising slightly and housing recovery is taking place. The latest survey by the National Association of Realtors shows existing home sales rose once again in September, which is a positive sign that the market is moving in the right direction. According to [...]
Despite the earnest efforts of the federal government, in announcing various foreclosure mitigation plans one after the other, there is no let up in the foreclosure activity so far. On the contrary, latest statistics show that the foreclosure activity is actually in the ascending order, across major metropolitan cities of the country. States where the [...]
The country is still reeling under the clutches of the foreclosure crisis, caught up 4 years back. The housing markets are beleaguered by the impact, bringing in dramatic changes in the real estate business – sluggish home sales; dropped down home values; tightened up housing loans; and ultimately a downward economy. During the third quarter [...]
If you look at the statistics provided by market experts, you will come to know that the foreclosure activity increased by 4 percent nationwide during the quarter ended September, compared to the previous quarter ended June; but what is significant is it is less than what many of us feared in 2009 – going down [...]
Where there are not murmurs and musing about the way foreclosures are handled and inordinate delay in banks’ dealing with foreclosures? Yes – there were complaints from distressed home owners – already hit by the foreclosure tragedy – and yet further distressed by the inefficient handling of their cases, by lending institutions that include some [...]
It came as breaking news when Bank of America, the nation’s largest lender announced its more to delay foreclosures in 23 states as it examines whether it rushed the foreclosure process for thousands of homeowners. The reason is roughly the same as in the JP Morgan Chase and GMAC case: the official who signs the [...]
NATIONWIDE Disappointed applicants for loan modification file law suits Government proposes but bank disposes – this seems to be the latest and fitting idiom applicable in the case of distressed home owners, approaching the lending banks for modification of their mortgages, but get frustrated by the indifferent attitude of banks. Instances have come to [...]
Government proposes but bank disposes – this seems to be the latest and fitting idiom applicable in the case of distressed home owners, approaching the lending banks for modification of their mortgages, but get frustrated by the indifferent attitude of banks. Instances have come to the fore that some borrowers seeking the help of banks [...]
NATIONWIDE What would be the unintended effect of proposed new bill? It is reported in the media that the federal government is contemplating a new bailout plan by name “Restoring American Financial Stability Act of 2010”. Experts are of the opinion that the intended new rules imposed on mortgage lenders, would only add up the [...]
Real Estate is the playing ground for investors for profits – more than any field. And it is not a secret that U.S. real estate is reeling under the pressure of depression. We are not talking here about a home owner ardently searching for a home for their family to reside, although they too stand [...]
We want to say thanks to Eureka for making our short sale possible
Roger and Lisa Pringle
Austin, Texas
