Home values rise, but millions still drown in debt

Home values rise, but millions still drown in debt  Published: Thursday, 29 Aug 2013 | 12:01 AM ET By: 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 … More Home values rise, but millions still drown in debt

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 … More Casa Casuarina, the Former Versace Mansion

The number of new foreclosure filings by foreclosure type.   Pre Foreclosures Prior Month Prior Year   35.1 %   46.7 %   Auction Prior Month Prior Year   58.6 %   37.6 %   Bank Owned Prior Month Prior Year   7.9 %   44.8 %   this chart & one below from Realty … More

The current distribution of foreclosures based on the number of active foreclosure homes in Illinois. Pre Foreclosures Prior Month Prior Year   35.1 %   46.7 % Auction Prior Month Prior Year   58.6 %   37.6 % Bank Owned Prior Month Prior 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 … More 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, … More 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 Avoid Posted by TRadmin on Tem.21, 2013, under Personal Finance The 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 … More 5 Top Reasons for Having Mortgage Loan Denied and How to Avoid