The Experts You Can Trust
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 »
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 »
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 …
24% of Maryland’s Residential Properties with Mortgage are Underwater, CoreLogic Reports Read More »
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 …
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 »