Want to steal a house? Doing so could be as easy as filing a fraudulent title transfer with the Cook County recorder of deeds. Homes that are owned outright (with no mortgage), often by elderly residents, are sometimes targeted by criminals this way—one only needs to forge a signature to make it appear as if … Continue reading How Bitcoin Could Prevent Real Estate Fraud in Cook County By Jay Schulman
Month: January 2017
NEW REVIEW OF OUR OFFICE!
Closed in 30 days!!!! Beth and her team did a fantastic job answering all my questions-and believe me I asked a lot!!! Process was smooth and would recommend to anyone!!! Thank you for taking care of me! ~Tresa Santella
Get Ready for Higher GSE Modification Rate By Brian Honea
Mortgage rates appear to be on the decline, falling for the second week in a row (the average 30-year FRM was down to 4.12 percent on Thursday, according to Freddie Mac) after hitting a two-year high at the end of 2016. Fannie Mae and Freddie Mac, however, have raised their standard modification interest rates for … Continue reading Get Ready for Higher GSE Modification Rate By Brian Honea
ATTOM: Foreclosure activity hits 10-year low Time to close hits record high January 12, 2017 Kelsey Ramírez
Foreclosure activity dropped significantly in 2016 to its lowest point in 10 years, according to the 2016 U.S. Foreclosure Market report from ATTOM Data Solutions, a fused property database. Foreclosure filings, including default notices, scheduled auctions and bank repossessions, occurred at 933,045 properties in 2016, down 14% from 2015’s 717,522 properties. This marked the lowest … Continue reading ATTOM: Foreclosure activity hits 10-year low Time to close hits record high January 12, 2017 Kelsey Ramírez
Suddenly home sale agreements are falling apart across the US
Spending months to find the perfect home in your price range, only to have your mortgage application rejected, or a home inspection turn up expensive repairs, is a nightmare—one that is coming true with increasing frequency, according to a new report from real estate listings website Trulia. A Trulia analysis of U.S. listings shows that 3.9 percent of homes … Continue reading Suddenly home sale agreements are falling apart across the US
Rising Rates Hurting Homebuyer Sentiment -Fannie by Jann Swanson
Consumer perceptions about rising interest rates and stagnant income levels were the main contributors to a half-point decrease in Fannie Mae's Home Purchase Sentiment Index® (HPSI) in December. The HPSI, which reflects key variables from the company's National Housing Survey (NHS), was 80.7 in December. It was the fifth consecutive month in which the index … Continue reading Rising Rates Hurting Homebuyer Sentiment -Fannie by Jann Swanson
Housing sentiment decreases for fifth straight month Tampered by rise in mortgage rates by Kelly Ramirez
Consumers are less optimistic about housing for the fifth month in a row, according to Fannie Mae’s Home Purchase Sentiment Index. Despite consumer confidence now sitting at the highest level since August 2001, that same confidence did not carry over into housing. After decreasing 0.5 percentage points in November, the HPSI decreased once again in … Continue reading Housing sentiment decreases for fifth straight month Tampered by rise in mortgage rates by Kelly Ramirez
NEW REVIEW OF OUR OFFICE!
Beth was absolutely wonderful during the ENTIRE process of purchasing our new and FIRST home. The women in her office, Samantha and Katie, are fantastic and so quick to respond to all of our emails or phone calls. We received constant updates on what was happening and were never left in the dark about anything. … Continue reading NEW REVIEW OF OUR OFFICE!
Market Changes Could Further Crimp Affordability Scott Morgan for DS News
A new report from ATTOM Data Solutions, showed that buying is a more affordable option than renting in two-thirds of the U.S. market, but that could change along with mortgage rates this year. Click here to view the complete report. ATTOM’s 2017 Rental Affordability Report, based on data from the U.S. Department of Housing and Urban … Continue reading Market Changes Could Further Crimp Affordability Scott Morgan for DS News
Rise in Holiday Cheer … and Mortgage Rates? by Mirasha Brown
Last month was not only high in Christmas spirit and morale, it also included an increase in mortgage rates. According to the latest TEN-X Residential Real Estate, existing home sales have seen a month-over-month decrease, which due to rising mortgage rates. December sales will fall between seasonally adjusted annual rates of 5.33 and 5.69 million, with … Continue reading Rise in Holiday Cheer … and Mortgage Rates? by Mirasha Brown
The Law Office of Beth Mann, P.C. 