The number of U.S. foreclosures dropped to 19 percent in January compared with last year, while the foreclosure inventory shrank by a third, according to a new report from real estate data and analytics firm CoreLogic. The 48,000 completed foreclosures were an 11.8 percent increase from the 43,000 reported in December 2013, however. Prior to … Continue reading Thursday, February 27, 2014, 12:11pm CoreLogic: 48,000 Completed Foreclosures In January
Month: February 2014
Auction.com and NAHREP Partner to Advance Homeownership
Auction.com and the National Association of Hispanic Real Estate Professionals (NAHREP) are joining forces to advance sustainable Hispanic homeownership. Hispanic homebuyers are the largest segment of new homebuyers nationwide. "As a national leader in the sale of homes in all stages of the foreclosure process, Auction.com has an extensive portfolio of properties that greatly expands … Continue reading Auction.com and NAHREP Partner to Advance Homeownership
Increased Inventory Slows Home Value Growth Author: Colin Robins February 19, 2014
In a report released by Zillow, national home values rose just .2 percent in January from December. Inventory rose in 22 of the nation’s 35 largest metros, and helped slow down the rising value of homes.Year-over-year, home values rose 6.3 percent in January, down from previous gains of 7.1 percent in August, 2013. Home values are … Continue reading Increased Inventory Slows Home Value Growth Author: Colin Robins February 19, 2014
Debt Rises, but Who’s Borrowing? Author: Colin Robins February 18, 2014
In a report released Tuesday, the Federal Reserve Bank of New York noted that aggregate consumer debt rose from last quarter, citing an increase of $241 billion dollars in the fourth quarter of 2013. The figure represents the largest quarter-to-quarter increase since 2007.Data came from the recently released "Household Debt and Credit Report."Total household debt … Continue reading Debt Rises, but Who’s Borrowing? Author: Colin Robins February 18, 2014
Increased Home Listings Signal Positive 2014 Author: Colin Robins February 20, 2014
Realtor.com released Thursday its National Housing Trend Report for January. Despite severe weather conditions, the report notes positive trends in the number of listings and median list prices of homes. The number of listings rose to 3.1 percent from January, 2013, and the median list price of homes is up 8.3 percent year-over-year to $195,000. "In January 2013, … Continue reading Increased Home Listings Signal Positive 2014 Author: Colin Robins February 20, 2014
House Payments Rise; Should Homebuyers Consider Renting? Author: Colin Robins February 20, 2014
RealtyTrac released a housing affordability analysis, noting an average 21 percent increase in monthly house payments from a year ago.325 U.S. counties were included in the analysis that measured "house payments for a median-priced three-bedroom home purchased in the fourth quarter of 2013—including mortgage, insurance, taxes, maintenance, and subtracting the estimated income tax benefit."The report … Continue reading House Payments Rise; Should Homebuyers Consider Renting? Author: Colin Robins February 20, 2014
Expansion of California’s Anti-Deficiency Laws Means More Litigation For Creditors
Turning a narrow consumer shield into a potentially broad sword, this summer California expanded its anti-deficiency judgment laws to prohibit not only the judicial pursuit of mortgage deficiency balances, but also to declare that post-foreclosure deficiencies can be neither "owed" nor "collected." In doing so, the California Legislature may have created a potentially significant compliance … Continue reading Expansion of California’s Anti-Deficiency Laws Means More Litigation For Creditors
Foreclosures Rise in January; Decline Yearly Author: Colin Robins February 13, 2014
RealtyTrac released its U.S. Foreclosure Market Report for January, 2014. The report noted an 8 percent increase of reported properties from the previous month, citing 124,419 properties in foreclosure filings (default notices, scheduled auctions, and bank repossessions). Year-to-year, January, 2014 represented an 18 percent drop from January, 2013. 1 out of 1,058 U.S. housing units had … Continue reading Foreclosures Rise in January; Decline Yearly Author: Colin Robins February 13, 2014
Monthly Foreclosure Activity Rises Eight Percent in January Thu, 2014-02-13 22:35 — NationalMortgage professional
RealtyTrac has released its U.S. Foreclosure Market Report for January 2014, which shows foreclosure filings were reported on 124,419 U.S. properties in January an eight percent increase from December but still down 18 percent from January 2013. The report also shows one in every 1,058 U.S. housing units had a foreclosure filing during the month.January marked the … Continue reading Monthly Foreclosure Activity Rises Eight Percent in January Thu, 2014-02-13 22:35 — NationalMortgage professional
Webinar on Short Sales for Real Estate Professionals
Webinar on Short Sales for Real Estate Professionals & Trusted Advisors The U.S. Department of the Treasury, HOPE NOW, HUD, and NeighborWorks America will host a "Help for Homeowners" Community Event on Wednesday, Feb. 19, 2014 at the Cobb Galleria Centre - Hall A, 2 Galleria Parkway, Atlanta, GA, 30339. Real estate professionals, housing counselors … Continue reading Webinar on Short Sales for Real Estate Professionals
The Law Office of Beth Mann, P.C. 