By Vikki Ortiz HealyTribune reporter 6:36 p.m. CDT, July 16, 2014 A Carol Stream man upset that his estranged wife has custody of their dog, Pepper, asked a Will County judge today to let an independent arbitrator help decide who keeps the 5-year-old black Labrador retriever known for snoring and hogging the bed. “Your pet … Continue reading Divorcing Couple Struggles with Pet Custody
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Bank Foreclosures Listed Far Below Regional Selling Prices
RealtyStore, a provider of a broad variety of real estate listings, recently released a report outlining average selling prices for bank foreclosures. The company found the median price of bank foreclosures for sale in six select states list at an average of nearly 50 percent below recent median existing-home sale prices. The states—Maryland, Massachusetts, Mississippi, … Continue reading Bank Foreclosures Listed Far Below Regional Selling Prices
What Sellers should know about the Mortgage Foregiveness Debt Relief Act not being extended
The Mortgage Forgiveness Debt Relief Act applies to homeowners who are NOT insolvent on the date of the sale. The internal revenue code has an existing exclusion of forgiven debt from income when the borrower is insolvent on the date of the sale (IRS Publication 4681). this has been an existing part of the tax … Continue reading What Sellers should know about the Mortgage Foregiveness Debt Relief Act not being extended
Foreclosure and Shadow Inventory Both Decline in February
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
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
Home Flipping Ramps Up in 2013 Author: Tory Barringer January 30, 2014
All data points to a continued decline in foreclosure stock last year, but that didn’t stop home flippers from stepping up their game.RealtyTrac released on Thursday its Year-End and Q4 2013 Home Flipping Report, which shows single-family home flips—in which a home is purchase and sold again within six months—totaled 156,862 last year, up 16 … Continue reading Home Flipping Ramps Up in 2013 Author: Tory Barringer January 30, 2014
Long Island Ranked Nation’s Hottest Market, Florida Metros Struggle Author: Colin Robins February 5, 2014
Pro Teck Valuation Services released on Tuesday January's Home Value Forecast (HVF), a measure of single family residential markets. Long Island was ranked the strongest market in the nation."Long Island leads Home Value Forecast's ranking as the hottest real estate market in the nation in our January Home Value Forecast," said Tom O'Grady, CEO of Pro Teck Valuation … Continue reading Long Island Ranked Nation’s Hottest Market, Florida Metros Struggle Author: Colin Robins February 5, 2014
Foreclosure and Renting to a New Tenant: Tenant Remedies If a landlord rents out property knowing it will soon be in foreclosure, what can the tenant do? by: Janet Portman, Attorney
The foreclosure crisis has affected many tenants, who learn mid-lease that their landlord has failed to pay the mortgage. And as the meltdown continues, new tenants are becoming the next wave of unintended victims, as landlords continue to rent to new residents in the face of looming foreclosure.Usually, when a landlord enters into a rental … Continue reading Foreclosure and Renting to a New Tenant: Tenant Remedies If a landlord rents out property knowing it will soon be in foreclosure, what can the tenant do? by: Janet Portman, Attorney
If your landlord is facing foreclosure, stay put By Karen Aho of MSN Real Estate
Outside of a doctor's office, few notices are more terrifying than an eviction.Since the housing bust, more than 8 million properties in this country have gone into foreclosure. An estimated 40% of the people living in those homes were, and are, tenants, according to RealtyTrac, a foreclosure marketplace, and the nonprofit National Low Income Housing … Continue reading If your landlord is facing foreclosure, stay put By Karen Aho of MSN Real Estate
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