The Experts You Can Trust
I had a friend call me this week to ask if XYZ mortgage company paid cash for keys. I knew this friend had been having some issues so I dug a little deeper. He was behind on his mortgage and knew there was no way he could catch up. His expectation was that the home would …
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 »
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 …
Home Sales Increase Yet Again in Jan. 2012, NAR Reports Read More »
Based on the data supplied by MRIS and Coastal Association of Realtors, home sales prices continue to fall statewide in Maryland. Median home sale price fell by 6.7 percent between December 2010 and December 2011 in Maryland. The median home sale price statewide in December 2010 was $239,007; while the median home sale price in …
During his recent State of the Union address, President Obama said these are the facts: “In 2008, the house of cards collapsed. We learned that mortgages had been sold to people who couldn’t afford or understand them.” President Obama proposed a plan that would give responsible homeowners an opportunity to refinance their mortgages. As mortgage …