Month: April 2014

Foreclosure and Shadow Inventory Both Decline in February

April 28, 2014

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 … More Foreclosure and Shadow Inventory Both Decline in February

Existing Home Sales Languishing in 2014 Apr 22 2014, 11:04AM by Jann Swanson

April 23, 2014

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 … More 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

April 22, 2014

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. … More 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

April 17, 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 … More 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

April 15, 2014

Play Video Shiller: Signs of softening in housing Tuesday, 15 Apr 2014 | 8:43 AM ET Robert 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 … More More momentum in housing than stocks, Shiller says Matthew J. Belvedere | @Matt_SquawkCNBC

April 15, 2014

SHORT SALE ATTORNEY   Beth Mann 708-429-9999 Law Office of Beth Mann, PC 15127 S. 73rd Ave Suite F Orland Park, IL 60462 Your 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 … More

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

April 15, 2014

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 … More 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

April 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 … More NY attorneys charged in million-dollar short sale scam by Ryan Smith | Apr 14, 2014