Foreclosures

Baby Boomers are Helping their Children Become Home Buyers, Study Shows

One in five American baby boomers have gifted, loaned or co-signed a loan to their children or grandchildren for a down payment on a home, this according to the latest survey commissioned by Better Homes & Gardens Real Estate and Research Solutions Inc. “Our data shows that they (baby boomers) are using what they’ve earned …

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Foreclosures Will Continue to Hammer Home Prices in 2012, Inside Mortgage Finance Says

According to Lender Processing Services, Inc., a leading provider of data and analytics to the mortgage and real estate industries, reported that as of November last year, 6.26 million properties were 30 or more days delinquent or in foreclosure. The data and analytics provider added that as of November of last year, 2.11 million properties were …

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Existing-Home Sales Continue to Rise in November 2011, NAR says

The National Association of Realtors (NAR) announced last Wednesday that existing-home sales rose in November this year and stayed above one year ago. “The latest monthly data shows total existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 4.0 percent to a seasonally adjusted annual rate of 4.42 million in …

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What To Do with Real Estate Owned Properties (Part 1)

In August this year, the U.S. Federal Housing Finance Agency (FHFA), Department of Housing and Urban Development (HUD), and Department of the Treasury sought the inputs of the private sector on the disposition options of single-family real estate owned (REO) properties held by Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA). In a …

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Owning a Home Still Part of the American Dream, Yahoo! Study Says

Four out of five or 81% of the 1,545 U.S. adults polled in the recent Yahoo! Real Estate survey say that owning a home is still part of the American dream. “The study finds that optimism about homeownership is widespread despite the massive downturn that has so far claimed six million homes in foreclosure and …

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