Strict Lending Standards & Foreclosures Taking Their Toll
February 3, 2012
in Home Foreclosures, Mortgage Interest Rates, This Week in Real Estate Tagged foreclosure, home building, home sales, housing market, lending, mortgage rates, new home construction, real estate market, real estate newsNew Home Orders Rise Looks like the market for new homes is on the mend. Orders for new homes increased in the quarter ended December, bringing a much needed cheer to the home building industry.The news has made the chief executives for some of the nation’s biggest home building companies cautiously optimistic about a market [...]
Real Estate News: Foreclosure Rates Continue to Slow Market
October 14, 2011
in Home Foreclosures, This Week in Real Estate Tagged foreclosure, home prices, real estate newsAnother Two Years for a Market Turnaround Have you been wondering when the housing market will pick up steam again? Give it another year or two, says a leading economist. That’s how much time it could take for the foreclosure storm to blow over and the oversupply of inventory to rectify itself, according to Mark [...]
What Causes House Foreclosures?
If you live in any one of the 50 states impacted by the recent mortgage crisis, you may have noticed a large upswing in the number of “for sale” signs in your neighborhood. Many of these homes even have a foreclosure or bank-owned sign in the front yard. In February 2011, approximately 1 in every [...]
HUD Foreclosure Grants
What are HUD Foreclosure Grants? HUD Foreclosure Grants refer to $73 million, made available through President Obama’s comprehensive Homeowner Affordability and Stability Plan (HASP). Grants will be distributed by the U.S. Department of Housing and Urban Development to over 500 national, regional and local organizations to provide housing counseling and training in an effort to [...]
Foreclosure and Second Properties
May 27, 2011
in Home ForeclosuresWhat Does it Mean to Buy and Bail? “Buying and bailing” refers to the act of buying a second property and allowing a first home to fall into foreclosure. Homeowners who purchase second properties in this scenario are typically “upside down” on their primary residence, meaning they owe more on their first home than it [...]