Home values rise, but millions still drown in debt Published: Thursday, 29 Aug 2013 | 12:01 AM ETBy: Diana Olick | CNBC Real Estate Reporter More than three million U.S. borrowers have risen above water on their mortgages so far this year, thanks to swift home price appreciation, according to a new report from online real estate … Continue reading Home values rise, but millions still drown in debt
Month: August 2013
Casa Casuarina, the Former Versace Mansion
by Laura Mancinelli The opulent former mansion of the late fashion designer Giannini Versace, one of the most coveted trophy properties worldwide, will be auctioned Sept. 17. They are calling it the Mona Lisa of Real Estate, well-known fashion designer Gianni Versace’s former mansion, the Casa Casuarina will be auctioned Sept. 17. It has previously been listed … Continue reading Casa Casuarina, the Former Versace Mansion
Foreclosure activity down 32% year over year
Julie Schmit, USA TODAY 7:42 p.m. EDT August 15, 2013Foreclosure activity nationally is well below a year ago, but it's still a problem in some statesThe nation's foreclosure crisis continues to abate, but some states still have a long way to go.UH-OH: Has bull run its course?Foreclosure filings last month — including default notices, auctions … Continue reading Foreclosure activity down 32% year over year
The number of new foreclosure filings by foreclosure type. Pre ForeclosuresPrior MonthPrior Year 35.1 % 46.7 % AuctionPrior MonthPrior Year 58.6 % 37.6 % Bank OwnedPrior MonthPrior Year 7.9 % 44.8 % this chart & one below from Realty Trac
The current distribution of foreclosures based on the number of active foreclosure homes in Illinois. Pre ForeclosuresPrior MonthPrior Year 35.1 % 46.7 %AuctionPrior MonthPrior Year 58.6 % 37.6 %Bank OwnedPrior MonthPrior Year 7.9 % 44.8 %
How To Get Discounts Combining FHA 203(K) Loans & Foreclosures August 12, 2013 By Peter Miller, Contributor
Everyone likes a discount but in the world of real estate discounts have become less common. Home prices have risen sharply in the past year but distressed sales continue to be available with significant write-offs.The catch is that distressed homes — foreclosures, short sales and REOs — are sometimes not in pristine condition. That’s a … Continue reading How To Get Discounts Combining FHA 203(K) Loans & Foreclosures August 12, 2013 By Peter Miller, Contributor
Illinois Governor Signs Bill to Protect Renters in Foreclosed Properties
A new Illinois law will protect renters from getting forced out of a foreclosed property with short notice. Governor Pat Quinn signed a bill Wednesday that requires buyers of foreclosed residences to honor existing leases or give tenants at least 90 days to find new housing. The new law, which takes effect in 90 days, … Continue reading Illinois Governor Signs Bill to Protect Renters in Foreclosed Properties
5 Top Reasons for Having Mortgage Loan Denied and How to Avoid
5 Top Reasons for Loan Denial and How to AvoidPosted by TRadmin on Tem.21, 2013, under Personal FinanceThe mortgage credit underwriting process is unavoidably complex due to the level of due diligence required in lending large sums of money, and no amount of explanation can fully simplify it. Making things more difficult is that it … Continue reading 5 Top Reasons for Having Mortgage Loan Denied and How to Avoid
The Law Office of Beth Mann, P.C. 