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 [...]
After a pattern of slowing down by reduced foreclosure filings in the last few months, there was a sudden jump in foreclosure activity across the country, if the latest report is any indication. Compared to June, the month of July saw a 4 percent increase in foreclosure activity, whereby 325,229 U.S. properties fell into any [...]
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 indirect cost of mortgages – already having higher pricing – entered [...]
NATIONWIDE Employment statistics not encouraging for speedy economic recovery According to financial experts, the economic recovery depends to a large extent on the growth of employment opportunities in all segments. For the simple reason of more money in the hands of people, the spending will increase, bringing every sector including real estate into life. [...]
The half-yearly Foreclosure Report – released by Realtytrac – says there is a decline of foreclosure filings for the sixteenth straight month in the country. During the first six months of 2010, the total foreclosure filings number stood at 1,961,894. In essence – one in 78 housing units received foreclosure filings during this period. The [...]
NATIONWIDE Construction of new homes continue falling nationally It the direct aftermath of foreclosure crisis is hitting the housing markets, by flooding of foreclosure properties, the side-effect is bringing the construction industry to a grinding halt. When there are huge inventory of unsold homes, inevitably new home building had to take a back seat [...]
NATIONWIDE U.S. homes repossessed by banks set to hit record 1 million this year The amount of residences in America recaptured by banks, stroke a record high in the second quarter of the present year by putting the quantity of foreclosures on track to strike a record one million by the end of 2010. [...]
NATIONWIDE Can Mortgage Interest Deductions boost homeownership? Tax deduction on mortgage interest paid by home buyers, coming under high-end property market segment are happily enjoyed by hundreds of thousands of Americans. The homebuilding and real estate industry circles say the deduction is an important part of promoting homeownership. Yet financial experts have long questioned [...]
NATIONWIDE What is the position of “Principal reductions” under HAMP? There were criticisms on the progress of HAMP – Home Affordable Modification Program – devised to lower the monthly payments of troubled borrower-home owners, primarily through interest rate cuts. Both the bailout watchdog committee and Democrats in Congress sustained their criticism and finally The [...]
There were criticisms on the progress of HAMP – Home Affordable Modification Program – devised to lower the monthly payments of troubled borrower-home owners, primarily through interest rate cuts. Both the bailout watchdog committee and Democrats in Congress sustained their criticism and finally The Treasury Department outlined a plan in April that calls for principal [...]
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
