Foreclosures

24% of Maryland’s Residential Properties with Mortgage are Underwater, CoreLogic Reports

Buying a Home, Foreclosures, Mortgages, Real Estate, Selling a Home / By

CoreLogic, an information and analytics provider, announced  today/yesterday that 11.1 million or 22.8% of residential properties with a mortgage in the U.S. were underwater at the end of the fourth quarter of 2011. CoreLogic report shows that at the end of the fourth quarter of last year out of 1,360,309 residential properties with mortgage in …

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Gov’t to Put Up Foreclosed Homes for Rent

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The Federal Housing Finance Agency (FHFA), the agency that regulates Fannie Mae, Freddie Mac and 12 Federal Home Loan Banks, has invited investors to participate in its foreclosure-to-rental pilot program. Specifically, FHFA has invited investors to purchase approximately 2,500 Fannie Mae foreclosed properties with the condition that these purchased properties must be rented out for …

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Home Sales Increase Yet Again in Jan. 2012, NAR Reports

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Rising rents, bargain home prices, record-low mortgage interest rates, pent-up household formation and sustained job creation are the elements that sustained the uptrend in home sales in the first month of this year, this according to the recent report of the National Association of Realtors (NAR). “The uptrend in home sales is in line with …

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About 50,000 Maryland Homes have been Foreclosed Since 2006

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Based on the data of CoreLogic – a leading provider of real estate information and analytics, close  to 50,000 homes in Maryland have been foreclosed since 2006. Since January 2006 – the last days of the U.S. housing bubble, about 49, 600 homes in Maryland have been foreclosed by banks or mortgage servicers. This means …

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