While the housing market is still far from “normal,” it is inching that way, according to a report released Thursday from Zillow. Last year’s skyrocketing home price appreciation, frenzied demand from investors, and high tide of negative equity are all expected to subside somewhat this year, according to the real estate company.Nationally, home prices increased 6.4 percent … Continue reading Recovery Expected to Enter ‘Middle Innings’ in 2014 by Krista Franks-Brock
Tag: foreclosure time lines
Can a Property Be Bought Before the Auction? by Brian Kuzdas
Can a Property Be Bought Before the Auction? by Brian Kuzdas Brian Kuzdas, Founder and CEO of RealEstateAuctions.com When we’re in an open house and a buyer asks us, “Can I buy the property now?” We always answer with, “Of course you can!” Real estate auctions offer a great platform to get the most money … Continue reading Can a Property Be Bought Before the Auction? by Brian Kuzdas
Short Sale Deficiencies Discussed
Many underwater homeowners have found that a short sale is the fastest and most permanent way to get out of a mortgage that they can no longer afford. However, in the short sale approval letter, the lender usually has some wording about the “deficiency,” which is the amount that the borrower was short on repaying … Continue reading Short Sale Deficiencies Discussed
Mortgage Debt Relief Act extending into 2014
by Marty Macisso small changes to make current As we end the year we get closer and closer to the expiration of the Mortgage Debt Relief Act of 2007. Insiders are hinting that an extension to the law which expired at the end of 2013 is in the works via a bill in Congress to … Continue reading Mortgage Debt Relief Act extending into 2014
What every short sale seller should know – direction from the IRS
The Mortgage Forgiveness Debt Relief Act and Debt CancellationIf you owe a debt to someone else and they cancel or forgive that debt, the canceled amount may be taxable. The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage … Continue reading What every short sale seller should know – direction from the IRS
Short Sale Laws that Favor Home Sellers in California in 2014January 23, 2014 by dreamwellhomesShort Sale Information and Favorable Laws for California Homeowners in 2014Here are the Short Sale related laws you should know about as a homeowner in 2014. Please seek the advice of a real estate attorney and a tax professional on how these laws … Continue reading
Housing Recovery Unmoved by Rising Interest Rates Authors: Krista Franks-Brock January 23, 201
Mortgage rates may be rising, but the housing market doesn’t seem to mind. In fact, several indicators have improved alongside rising rates, according to the HousingPulse Tracking Survey released by Campbell Surveys and Inside Mortgage Finance this week. The lending atmosphere is becoming friendlier, especially to first-time buyers. Simultaneously, the average time on market for non-distressed properties … Continue reading Housing Recovery Unmoved by Rising Interest Rates Authors: Krista Franks-Brock January 23, 201
Housing and Mortgage Outlook: Expect Declines in 2014
Following a year of fast-paced appreciation, Fitch Ratings expects home price gains to slow to a more moderate pace in 2014 in the United States, according to its Global Housing and Mortgage Outlook released Tuesday. The ratings agency also predicts mortgage volume will decline and delinquencies and shadow inventory will decrease, albeit slowly, while liquidation … Continue reading Housing and Mortgage Outlook: Expect Declines in 2014
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