The Experts You Can Trust
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 …
The average days to foreclose is up to 348 nationwide; over 800 days in New York, New Jersey and Florida, this according to the 2011 year-end foreclosure report released last Thursday by RealtyTrac. A total of 2.69 million foreclosure filings – including default notices, scheduled auctions and bank repossessions – were reported this year. The …
Foreclosure Processing Timelines Continue to Increase, RealtyTrac Reports Read More »
In a white paper entitled “The U.S. Housing Market: Current Conditions and Policy Considerations” that was released last week, Federal Reserve Board calls for alternatives to foreclosures. “While the total stock of REO properties is difficult to measure precisely, perhaps one-fourth of the 2 million vacant homes for sale in the second quarter of 2011 …
Federal Reserve Board Pushes for Foreclosure Alternatives Read More »
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 …
Foreclosures Will Continue to Hammer Home Prices in 2012, Inside Mortgage Finance Says Read More »