Short Sale Recap

For a limited time, qualified property owners who participate in a Cooperative Short Sale or Home Affordable Foreclosure Alternatives (HAFA) program may be eligible to receive $2,500-$30,0001 in financial assistance.   If you have a Federal Housing Administration (FHA) insured loan, you must have the FHA’s approval before beginning a short sale that the FHA … More Short Sale Recap

Number of U.S. Mortgages Going Unpaid = 4,594,000 10/24/2013 By: Carrie Bay DS News

Lender Processing Services provided the media with a “first look” at the company’s mortgage performance statistics for the month of September. The industry’s foreclosure inventory continued its downward trend, and while delinquencies were up slightly from the previous month, they were down when comparing the numbers year-over-year. LPS counts a total of 3,266,000 mortgages nationwide … More Number of U.S. Mortgages Going Unpaid = 4,594,000 10/24/2013 By: Carrie Bay DS News

Fed Options Hobbled By Tough Jobs Market & Falling Income October 22, 2013 By Peter Miller, Contributor Realty Trac

Home prices during the past year have risen significantly but can prices continue to increase? More and more the answer has a lot to do with employment levels and income as opposed to bricks and mortar. Let’s start with income. As a country we have less of it.The latest figures from the Census Bureau show … More Fed Options Hobbled By Tough Jobs Market & Falling Income October 22, 2013 By Peter Miller, Contributor Realty Trac

mortgage 5 housing trends fall 2013 By Polyana da Costa Bankrate.com

Home prices won’t climb as fast this fall as they had been rising. But sellers need not worry: This is still their market. Still, this fall brings good news for homebuyers: They have been granted some extra time to grab low mortgage rates. Lenders now regard buyers as their golden customers. Even people who lost … More mortgage 5 housing trends fall 2013 By Polyana da Costa Bankrate.com

Filing Chapter 7 Bankruptcy Will not Save You from Foreclosure

Filing Chapter 7  Bankruptcy Will not Save You from Foreclosure 1)  Filing bankruptcy does not stop the bank permanently from foreclosing on your house 2) Even if your home is discharged 3) Sometimes your lender will wait until your bankruptcy is closed to continue or even start the foreclosure process 4) Or the lender will … More Filing Chapter 7 Bankruptcy Will not Save You from Foreclosure

Chase Hits Major Milestone in Home Donation Program

The dollar volume of homes donated or sold at a discount through JPMorgan Chase’s Community Revitalization Program has crossed the $250 million mark. Initiated in 2009 as an effort to help customers and communities cope with the housing crisis, the program has seen more than 5,300 properties donated or sold to nonprofit housing organizations over … More Chase Hits Major Milestone in Home Donation Program

VA Home Loan Centers: Shutdown May Cause Jump In Short Sales and Foreclosures

San Diego, CA (PRWEB) October 23, 2013  (insurancenewsnet.com) While the shutdown of the U.S. federal government officially ended last week, VA Home Loan Centers, and many others in the financial and mortgage industries, are predicting there will continue to be a ripple effect on home sales, as well as the rate of foreclosures and short … More VA Home Loan Centers: Shutdown May Cause Jump In Short Sales and Foreclosures

5 Cities with Thriving Real Estate Markets October 14, 2013 By Morgan Sims, Guest Contributor Realty Trac

Real estate made great strides this year, continuing a trend from 2012. These housing markets led the charge and will continue to rise next year. If you want to cash in on the recovery, start with this list of five thriving cities. Miami: A Seller’s Paradise Miami’s real estate market has always been fairly steady, … More 5 Cities with Thriving Real Estate Markets October 14, 2013 By Morgan Sims, Guest Contributor Realty Trac