Short sales may be targeted for fraud A study estimates that banks and distressed home sellers will lose more than $375 million this year when they sell undervalued houses to tag teams consisting of realty agents and investors. Are banks and distressed home sellers getting rooked on a massive scale in the booming short-sale arena …
All Posts Tagged
Tag: ‘distressed sales’
Case-Shiller home-price index hits new low
Is now the time to buy? An index of home prices in the nation’s largest American cities plumbed new depths in March, pushing past a low set during the worst of the Great Recession. The ominous new drop for the Standard & Poor’s/Case-Shiller index of 20 cities, a key measure that is closely watched by …
Real Estate Outlook: Foreclosures Remain Focal Point
Foreclosures are still big news in real estate across the country. Most homeowners are looking forward to a day when foreclosures make up a much smaller share of the market. For now, however, 1 in 119 homes are in foreclosure. One in every 577 housing units received a foreclosure filing in the month of February. …
Search Bank Owned REOs in the greater Sun Valley area
Search Bank Owned Properties also known as REOs. Listings are updated in “Real Time” as this interactive search is directly linked to the Sun Valley Board of Realtors® listing database. Property Searches included Blaine County, Camas County, Custer County & Beyond Cities include Ketchum, Sun Valley, Elkhorn, Hailey, Bellevue, Carey, Fairfield, Stanley and more. Detailed …
Mortgage Practices Overhaul Proposed
State and federal officials are pushing to more tightly regulate the way banks and other mortgage servicers treat struggling homeowners in a bid to stem foreclosures. Current government modification programs are largely voluntary, and there are few rules governing servicers’ practices. But on Thursday, the nation’s largest banks, including Wells Fargo & Co., Bank of …
7 Tips for Short Sale Success – Information Plus Short Video
Have to sell your home for less than it’s worth? Our seven tips will help you get the best price. There are five important steps to consider if you are faced with a short sale. When you owe more on your home than it’s worth, but you have to sell, you need to squeeze every …
Freddie Mac: U.S. home prices drop 4.3% in fourth quarter
February 28, 2011 U.S. home prices fell 4.3% on a year-over-year basis in the fourth quarter as foreclosures and slowing sales buoyed inventory levels, Freddie Mac said Monday in its Conventional Mortgage Home Price Index. “Foreclosed-property and short sales remain a big part of the market. However, new foreclosures will begin to gradually slow,” said …
New data by CoreLogic – Home sales fell 12% in 2010
U.S. home sales totaled 3.6 million in 2010, a 12% drop from the year before that pulled prices down with it, according to data provider CoreLogic (CLGX: 20.60 -0.15%). In November, the latest month of data available from CoreLogic, home prices dropped 5.1% for the fourth straight month of decline. Decreases in home prices have …
