CoreLogic released its National Foreclosure Report for February, 2014, reporting 43,000 completed foreclosures for the month, a 13.1 percent decrease from January, 2014. Yearly, foreclosures declined 15 percent from February, 2013. Comparatively, foreclosures averaged 21,000 per month before the housing crisis from 2000 to 2006. Since September, 2008, 4.9 million foreclosures have been completed. As … Continue reading Foreclosure and Shadow Inventory Both Decline in February
Month: April 2014
Existing Home Sales Languishing in 2014 Apr 22 2014, 11:04AM by Jann Swanson
Sales of existing homes were essentially unchanged in March compared to February the National Association of Realtors® (NAR) said today. Home prices continued to increase in March but the growth has now slowed from previous double-digit levels.NAR said total existing home sales in March were at a seasonally adjusted annual rate of 4.59 million homes, … Continue reading Existing Home Sales Languishing in 2014 Apr 22 2014, 11:04AM by Jann Swanson
Five questions: Attorney finds niche in negotiating short sales by Jim Gallagher
Suppose you can’t pay your mortgage, and you can’t sell your house because you owe more than it’s worth. You’re in quite a pickle.You can stay until the sheriff shows up with the move-out order. Or, as more people are doing these days, you can try to escape your debt with a short sale.Put the … Continue reading Five questions: Attorney finds niche in negotiating short sales by Jim Gallagher
Lenders: Beware of the ‘Forced’ Short-Sale in Bankruptcy Posted By Colin Robins On March 5, 2014
Historically, Chapter 7 Trustees rarely seek authorization to sell over-encumbered real property of the estate free and clear of liens because such a sale is authorized only under very limited circumstances. Based upon the rarity of motions to sell over-encumbered property and the assumption that a Court would never grant such a motion, creditors have … Continue reading Lenders: Beware of the ‘Forced’ Short-Sale in Bankruptcy Posted By Colin Robins On March 5, 2014
More momentum in housing than stocks, Shiller says Matthew J. Belvedere | @Matt_SquawkCNBC
Play VideoShiller: Signs of softening in housingTuesday, 15 Apr 2014 | 8:43 AM ETRobert Shiller, Yale University economics professor, shares his thoughts on the pulse of the housing recovery. The components are showing weakness right now, says Shiller.With recent signs that housing may be slowing down a bit, Nobel Prize-winning economist Robert Shiller told CNBC … Continue reading More momentum in housing than stocks, Shiller says Matthew J. Belvedere | @Matt_SquawkCNBC
SHORT SALE ATTORNEY Beth Mann 708-429-9999Law Office of Beth Mann, PC 15127 S. 73rd Ave Suite F Orland Park, IL 60462Your cost: $ 295.00 credit card payment. The bank pays a certain amount of legal fees and that is how we are paid when your deal closes.Hire experience! It is necessary to hire an attorney … Continue reading
Florida still No. 1 in foreclosure activity, RealtyTrac data show By Martha Brannigan mbrannigan@MiamiHerald.com Read more here: http://www.miamiherald.com/2014/03/13/3991039/florida-still-no-1-in-foreclosure.html#storylink=cpy
Florida remained the No. 1 state in the nation in foreclosure activity in February despite a long trend of improvement, according to RealtyTrac.For February, Florida’s foreclosure activity, which is a tally of initial filings, auction notices, and lender repossessions, dropped 24 percent from a year earlier, the Irvine, Calif.-based data firm said.Even with that decline, … Continue reading Florida still No. 1 in foreclosure activity, RealtyTrac data show By Martha Brannigan mbrannigan@MiamiHerald.com Read more here: http://www.miamiherald.com/2014/03/13/3991039/florida-still-no-1-in-foreclosure.html#storylink=cpy
NY attorneys charged in million-dollar short sale scam by Ryan Smith | Apr 14, 2014
Two New York lawyers are facing charges that they bilked home buyers, mortgage lenders and homeowners in a million-dollar short sale mortgage scam. Kennethe Schwartz, 64, and Helene Stetch, 50, have each been charged with numerous counts of grand larceny and possession of stolen property, according to a New York Newsday report. Stetch was also … Continue reading NY attorneys charged in million-dollar short sale scam by Ryan Smith | Apr 14, 2014
Real Estate Scam on Realtors & Sellers – BEWARE
Below is an agent's account of a new scam wreaking havoc on Illinois agents and sellers.I have had several listings on the MLS where these guys over in Nigeria steal the listing, act as if they are the seller, and list the homes "for rent" on a lot of sites such as Trulia, Zillow, Rent Jungle, etc. … Continue reading Real Estate Scam on Realtors & Sellers – BEWARE
Arms-Length Affidavit on Short Sales
At short sale closings Buyers and Sellers sign an arms length affidavit. This is required because banks wish to attempt to prevent sellers from selling to a relative and to curb mortgage fraud. Banks do not want short sellers to profit from the sale. Many times sellers have lost jobs and a parent may offer to … Continue reading Arms-Length Affidavit on Short Sales
