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According to the 2012 Investment and Vacation Home Buyers Survey conducted by the National Association of Realtors (NAR), sales of vacation homes and investment homes have jumped in 2011 – the highest level since 2005. The 2012 Investment and Vacation Home Buyers Survey, which covers the existing and new home transactions in 2011, shows that …
Sales of Vacation Homes & Investment Homes Soar in 2011 Read More »
Bank of America, one of the nation’s largest mortgage servicers, has announced that it will allow a limited number of mortgage customers who are facing foreclosure to remain in their homes as tenants through the bank’s pilot program called “Mortgage to Lease.” Ron Sturzenegger, Legacy Asset Servicing executive of Bank of America, in a statement …
Bank of America to Allow Families Facing Foreclosure Rent their Homes Read More »
One in every 637 U.S. housing units were in the process of foreclosure in February 2012, this according to the latest report from the information provider RealtyTrac. This latest foreclosure data was a 2% decline from the data in January 2012 and a decline by 8% from February 2011 — the lowest annual decrease since …
Foreclosure Tide to Rise After $25 billion Mortgage Settlement Read More »
Today’s mortgage rates are the utmost come-on for would-be homebuyers. In its Primary Mortgage Market Survey released last Thursday, Freddie Mac reported that the 15-year fixed mortgage rate averaged a new all-time record low at 3.13%. Meanwhile, the 30-year fixed-rate mortgage averaged at 3.88%, the lowest rate in history. “With these historically low rates and …
Tips on Increasing Your Chance of Landing a Mortgage Read More »
In its 2011 Year-End U.S. Foreclosure Sales Report, the information provider RealtyTrac reports that in the national scale, pre-foreclosure sales – which are mostly short sales – increased by 15% from a year ago; while Real Estate Owned (REO) sales or sales of properties as a result of foreclosure decreased by 12%. In terms of …
RealtyTrac Reports Shift Towards Short Sales and Away from Foreclosure Sales Read More »