Aged foreclosure inventory, which is comprised of residential mortgage loans in active foreclosure that are at least two years delinquent, has seen significant improvement in the last seven months, according to Black Knight Financial Services' May 2015 Mortgage Monitor released Monday. Black Knight examined approximately 468,000 active foreclosures at least two years delinquent and discovered … Continue reading Aged Foreclosure Population Sees Significant Improvement
Tag: auction properties
Completed Foreclosures Decline But Remain At Double Pre-Recession Levels
While completed foreclosures on residential homes totaled 40,000 for April and have been steadily falling monthly for the last four years, they are still nearly double their pre-recession average per month, according to CoreLogic's April 2015 National Foreclosure Report released Tuesday. Completed foreclosures, which are a measure of homes actually lost to foreclosure, declined by … Continue reading Completed Foreclosures Decline But Remain At Double Pre-Recession Levels
Representative Waters Asks HUD For More Transparency For Non-Borrowing Spouses on HECMs
U.S. Representative Maxine Waters (D-California) has written a letter to Department of Housing and Urban Development (HUD) Secretary Julián Castro asking for relief and more transparency for seniors participating in HUD's Home Equity Conversion Program (HECM). At the center of the issue is the fate of surviving non-borrowing spouses upon the death of the last … Continue reading Representative Waters Asks HUD For More Transparency For Non-Borrowing Spouses on HECMs
Auction.com: Here’s who is renting and where
Brena Swanson December 18, 2014 9:17AM Investors tend to gravitate toward renting properties rather than flipping them, according to a new November industry report from Auction.com. The Real Estate Investor Activity Report is a nationwide survey of real estate investors bidding on properties offered for auction during the month. “Real estate investors appear more likely … Continue reading Auction.com: Here’s who is renting and where
Purchasing Real Estate Online Becoming a More Prominent Reality for Homebuyers
According to comScore, online sales so far this holiday season (November 1 to present) have risen more than 16 percent against last year’s figures from the same time. Housing prices are also accelerating month-over-month and are predicted to reach pre-recession prices by mid-2015 (cnbc.com). With the average online purchase sitting at $180.94 (as of this … Continue reading Purchasing Real Estate Online Becoming a More Prominent Reality for Homebuyers
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
The Law Office of Beth Mann, P.C. 