Short Sale Fundamentals

Featured Post

28
Nov

Bank Settlements Unfair?

It hasn’t been popular in recent years to defend banks. Anyone who tried it was shouted down as being a Wall Street Fat Cat who was in the pocket of Senators and bankers. This was probably unfair, mostly, but not far from the truth. But now that the financial crisis has cooled slightly and a...

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26
Nov

SEC Waives Sanctions on BofA

Bank of America has dodged a major bullet which they claim would have been just too much for them to bear. In addition to the $16.65 billion settlement they were hit with from the SEC over their role in the mortgage-backed securities they were also facing some tough sanctions. These include: – a ban on...

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24
Nov

GSEs Revamping Old Policies

Fannie Mae and Freddie Mac are fighting back against the rising trend that’s been pushing them out of the housing industry. But far from admitting that they’re obsolete they’re trying to revamp their policies to keep themselves relevant. The latest change comes in the form of an update to their life-of-loan representation and warranty framework....

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21
Nov

10 Tips for Solid Negotiations

I want to share with you 10 important tips that will help you in life. Sometimes they’re a bit harsh but they’ll give just the edge you need to succeed: 1. Don’t be afraid to ask for what you want. 2. Shut up and listen. 3. Do your homework. 4. Always be willing to walk...

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19
Nov

Lowering Lending Requirements

There’s a big tension running through the markets of our fair country. It starts at the top and runs all the way down through the local governments and banks and directly into your pocket. It’s something that affects every homeowner and would be homeowner so you’d do well to pay attention. Federal housing agencies have...

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16
Nov

Job Hires Improve Urban Economies

The latest job numbers are sure to make some waves in the real estate market. It’s a pure fact that as unemployment numbers, whether up or down or East to West, shift the real estate investors sit up and take notice. So the most recent numbers are no exception. The number of job openings in...

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14
Nov

Experts Divided on Housing Recovery

A survey came out recently that provides a lot of interesting insights into the minds of “experts.” A panel of more than 100 of these experts were asked how long they think it will be until the housing market is back to normal. (I’ve read the report and I’m still not sure how they define...

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12
Nov

Wealthy to face new Taxes

Some major cities across America are considering some new taxes. That’s never a cheery thought but this time they’re aimed at one group in particular. High-end home buyers. The “ultra-rich” as you might call them could be facing higher property taxes on upscale homes. Cities like New York are considering a 4% tax on properties...

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10
Nov

Job Growth affects Housing Market

If your fundamentals are in order you stand a good chance of being successful. That’s a truism that has been proved many times over, especially in the real estate market. But when there are conflicting messages it’s not always so easy to know if you’re standing on solid ground or not. Here’s a good example....

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07
Nov

Foreclosure Injunctions Rising

Here’s a surprising stat that I was (half) shocked to see. According to a recent study by the Warren Group, the number of foreclosure petitions is on the rise. This is when a borrower requests an injunction to stop the foreclosure process. Now obviously it makes sense that people would want to stop the foreclosure....

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