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
Tag: HUD
CHA ‘supervouchers’ spark federal probe
The internal watchdog of the U.S. Department of Housing and Urban Development is launching an investigation of a Chicago Housing Authority program that pays market-rate rents for poor people to live in some of the city's most expensive apartment buildings. HUD Inspector General David Montoya is conducting an audit of the CHA's use of federally … Continue reading CHA ‘supervouchers’ spark federal probe
Shutdown Starting To Gum Up Mortgage Closings
By KENNETH R. GOSSELIN, The Hartford Courant8:13 p.m. EDT, October 11, 2013A lot of things got in the way of Mary Brady's refinancing her mortgage: being a busy single mom to two teenagers, working full time as a nurse, keeping up with home repairs.But she never expected the federal government to be on that list."I … Continue reading Shutdown Starting To Gum Up Mortgage Closings
How the Government Shutdown Could Affect Housing and Home Building – NAHB Eye on housing
How the Government Shutdown Could Affect Housing and Home BuildingThe ongoing shutdown of certain federal government functions will affect housing and home builders. In most cases, the short-run impacts will be minor. A long-run shutdown, lasting several weeks or a month or more, could have significant impacts on mortgage accessibility and reduce housing demand. And over the … Continue reading How the Government Shutdown Could Affect Housing and Home Building – NAHB Eye on housing
Expiration of HUD approvals for non- profits during the government shutdown FHA is aware of concerns regarding the expiration of HUD approvals for non-profits during the period of the government shutdown. Due to the government shutdown, FHA currently cannot review and approve non-profit applications or update the existing list of HUD-approved non-profits. Lenders may continue to … Continue reading
Homepath News
Webinar on Short Sales for Real Estate Professionals & Trusted Advisors The U.S. Department of the Treasury, HOPE NOW, HUD, and NeighborWorks America will host a "Help for Homeowners" Community Event on Tuesday, October 29, 2013 at the Pennsylvania Convention Center, 1101 Arch Street, Philadelphia, PA 19107. Real estate professionals, housing counselors and all trusted … Continue reading Homepath News
Short Sale
Are you looking for a way to minimize damage to your credit and avoid foreclosure? Typically when deciding to do a short sale, a few things that you may want to consider are the deficiency and tax consequences of selling your home at a price less than what you owe your lenders.Most lenders will require you … Continue reading Short Sale
Short Sale Laws that Favor Home Sellers in California in 2013 September 17, 2013 by dreamwellhomes
Short Sale Information and Favorable Laws for California HomeownersHere are the Short Sale related laws you should know about as a homeowner. Please seek the advice of a real estate attorney and a tax professional on how these laws apply to your specific situation. First Mortgage: SB 931 Deficiency Waiver on Short SalesSecond Mortgages: SB 458 Release … Continue reading Short Sale Laws that Favor Home Sellers in California in 2013 September 17, 2013 by dreamwellhomes
Is the Next Real Estate Bubble Already Underway? September 19, 2013 By Octavio Nuiry, Senior Staff Write
Back in 2005, when the U.S. housing market was on fire, and cab drivers, gardeners and beauticians were flipping houses with abandon, a few housing Cassandras warned that prices were rising too rapidly and the bubble may soon pop. At the time, Federal Reserve chairman Alan Greenspan was blowing helium into the housing balloon like … Continue reading Is the Next Real Estate Bubble Already Underway? September 19, 2013 By Octavio Nuiry, Senior Staff Write
Monsters of the Housing Market: Vampire REOs and Zombie Foreclosures October 2, 2013 By Daren Blomquist, RealtyTrac Vice President
RealtyTrac has identified two monsters threatening the housing recovery: Vampire REOs and Zombie Foreclosures.Vampire REOs like the one pictured to the right in Miami, Fla., are bank-owned homes that are still occupied by the previous homeowner who was foreclosed on. On the surface these properties often will look like normal, non-distressed homes, but beneath the surface … Continue reading Monsters of the Housing Market: Vampire REOs and Zombie Foreclosures October 2, 2013 By Daren Blomquist, RealtyTrac Vice President
The Law Office of Beth Mann, P.C. 