Mortgages

Homeowners to Collect Up to $125,000 as Compensation for Foreclosure Processing Abuses

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

Homeowners who were victims of foreclosure processing abuses could each receive up to $125,000 from mortgage lenders, this according to the Office of the Comptroller of the Currency (OCC) and the Federal Reserve. The OCC and the Federal Reserve are the two government agencies that oversee the Independent Foreclosure Review. This foreclosure review is different …

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Low Home Prices and Relatively Weak Dollar Lure International Buyers

Buying a Home, Real Estate / By

According to the National Association of Realtors (NAR), the total U.S. residential international sales for the 12 months ending March 2012 reached $82.5 billion, an increase from $66.4 billion in the previous year. NAR attributes the continued growth of foreigners buying homes in the U.S. to the relative weakness of the dollar and low home …

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Foreclosures Comprise 26% of U.S. Residential Sales in 1st Quarter of 2012

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

Home sales that were in some stage of foreclosure or bank owned accounted for 26% of all U.S. home sales during the first three months of 2012, this according to the latest U.S. foreclosure sales report of RealtyTrac. This first quarter of 2012 distressed properties sales data is up from 22% in the preceding quarter …

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