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Tag: ‘foreclosure’

Market Update – August 2011 Distressed Sales Graph

Below is a graph that shows the real estate activity in the Wood River Valley, i.e. Sun Valley, Elkhorn, Warm Springs, Ketchum, Hailey and Bellevue areas. The chart shows the percent of properties that are financially distressed properties, i.e. short sales and/or bank owned REOs. If you have any questions regarding the chart please feel …

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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. …

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HUD APPROVES IDAHO’S $13 MILLION EMERGENCY HOME LOAN PROGRAM

FOR RELEASE: Friday April 1, 2011 HUD No. 11-045 HUD APPROVES IDAHO’S $13 MILLION EMERGENCY HOME LOAN PROGRAM Idaho Housing & Finance Association is ready to take applications immediately WASHINGTON – U.S. Department of Housing and Urban Development HUD Secretary Shaun Donovan today approved the State of Idaho’s bid to administer HUD’s Emergency Homeowner Loan …

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The Rules: Initiative Gives Homebuyers 15 Days to Buy Without Investor Competition

Fannie Mae, Freddie Mac and HUD all have programs designed to give individuals looking to buy a home as an owner-occupant a chance to purchase prior to allowing real estate investors to buy these REO properties. All programs are similar with links at the bottom of this page too the specifics of the various programs. …

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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 …

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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 …

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Longer foreclosure process now takes an average 17 months

The average U.S. borrower in the throes of foreclosure hasn’t made a mortgage payment in 17 months, up from nearly 11 months two years ago — and the time frame may get even longer. Banks and mortgage servicers, who collect payments for lenders, are taking more time to complete foreclosures because of huge volumes of …

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