All posts tagged short sale

moveup

First-timers, existing homeowners driving the housing recovery

Investors are officially no longer the big kids on the block as existing homeowners and first-timers whittle away at low housing inventories. The housing recovery also comes with homes that take less time to sell, amounts paid over the asking price that are rising and homes that are flying off the shelves.

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lifesaver

Short sale lease back alternative to foreclosure available

Ask any underwater homeowner to tell you their biggest fear about selling their home and moving on and you get two answers: "I will never buy again." "I will not

slidinghouse

California Realtors push for state-level mortgage debt forgiveness tax relief

The California Association of Realtors (CAR) is lobbying to reinstall California's expired mortgage debt forgiveness tax relief, which expired Dec. 31, 2012, along with the federal version. A 12th-hour

pricevsvalue

Home price increases mask true, smaller home value increases

Today's home price increases often don't reflect true increases in home values. In fact, today's home price increases may be well off real home value increases in some metropolitan

slidinghouse

Homeownership after a short sale, foreclosure, bankruptcy

The mortgage meltdown came with a rapid depreciation in real estate values resulting in financial crises for many homeowners who managed to get through it with a short

mortgagesettlement

National Mortgage Settlement oversight office publishes updated settlement relief report

OFFICE OF MORTGAGE SETTLEMENT OVERSIGHT – Joseph A. Smith, Jr., Monitor of the National Mortgage Settlement, on Nov. 19, 2012, released a report "Continued Progress: A Report from

shortsales

California short sale shortcomings decline, problems persist

California's real estate agents say lenders are making some progress in processing short sales, but short sale problems persist for homeowners selling short to avoid foreclosure. The California Association

slidinghouse

Higher California home prices stem foreclosure tide; San Francisco, San Mateo, Santa Clara counties lead pack

DQNEWS - Three and a half years after peaking, the number of California homes entering the foreclosure process fell last quarter to the lowest level since the early

shortsales

Silicon Valley rolling out larger short sale bargains, inventories

Want a below-median price bargain on a home in a market where home values are rising by double digits? Consider buying a short sale or REO in Silicon Valley,

taxshelter

Congress to consider extending Mortgage Debt Relief Act, renewing mortgage insurance tax deduction

When U.S. Congress reconvenes today on Capital Hill, the Mortgage Debt Relief Act (MDRA) of 2007 will be on the docket for a shot at an extension through

shortsalebutton

FHFA’s HAFA II offers more short sale relief for more homeowners

Enhanced short sale guidelines for Fannie Mae and Freddie Mac loans will enable more struggling homeowners to short sell their home faster and avoid foreclosure. The new rules include

mlslistingslogo

Infographic: Silicon Valley’s REO, short sale bargains comprise 26 percent of market

MLSLISTINGS.COM - REOs and short sales made up 26 percent of new listings in the first half of 2012 in Santa Clara County, CA - Silicon Valley. While

lifesaver

New HUD document mother-of-all mortgage relief program brochures

The U.S. Department of Housing and Urban Development's (HUD) National Mortgage Settlement (NMS) outreach campaign is virtually a one-stop shopping center for anyone struggling with their mortgage. Appearing to

housingrecovery

California’s tight housing inventory, slower economy constrain pending home sales

CALIFORNIA ASSOCIATION OF REALTORS – A continued lack of housing inventory and slowing economy sent California pending home sales lower in June, but pending sales were still higher

shortsale

Don’t fall prey to short sale fraud

Q: Mr. Aldana, I was recently approached by a friend who is losing his home and asked me to buy his home as a short sale, and then within

foreclosure

Infographic: When is foreclosure right for you?

Only bankruptcy is more damaging to your credit than a foreclosure. Nevertheless, there are times when a foreclosure can make sense to your household's bottom line. First, be aware: • Even

fraud

Con artists leeching off new, improved federal mortgage and foreclosure relief programs

It's not just the National Mortgage Settlement's promise of restitution for those abused by foreclosure tactics that's drawing swindlers out of the woodwork. Double-dealers trying to hustle already victimized

shortsale

Investors fueling housing recovery, first-time buyers back off

More cash rich investors, with a growing penchant for short sales, are energizing the housing market. All-cash sales rose to 33 percent of transactions in February from 31 percent

underwater

Strategic defaults on the rise, unfortunately

Apparently, homeowners aren't getting the message that strategic defaults are anything but strategic. A growing number of homeowners say, even if they can afford to make mortgage payments, they

waterdragoncircle

Sellers embrace Year of the 2012 Dragon, price homes to sell

The Year 2012 is preordained to be a historic year -- for better or for worse -- and there's already something strange in the neighborhood. A recent survey says

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