Over the last few years, new words have become part of our real estate vocabulary when discussing distressed properties. Terms such as ‘shadow inventory’, ‘cure rate’ and ‘short sales’ were introduced. Other words like ‘underwater’ and ‘upside down’ took on totally new meanings. Today, we want to add two additional words that we will be […]Continue Reading... No Comments.
It’s likely you’ve heard the term “short sale” thrown around quite a bit. What exactly is a short sale? A short sale is when a bank agrees to accept less than the total amount owed on a mortgage to avoid having to foreclose on the property. This is not a new practice; banks have been […]Continue Reading... No Comments.
Yesterday, we reported on the adverse impact foreclosures have had and will continue to have on the children of this country. Today, we want to talk about how parents can soften the effect. If you can’t keep your house, you via Foreclosures: What About the Children (Part 2).Continue Reading... No Comments.
Distressed Property InfoGraphic CoreLogic information on Shadow Information: http://www.corelogic.com/about-us/researchtrends/shadow-inventory.aspx LPS information on inventory/sales ratio: http://www.lpsvcs.com/LPSCorporateInformation/ResourceCenter/PressResources/ MortgageMonitor/201105MortgageMonitor/LPSMortgageMonitorMay2011.pdf RealtyTrac information on discounts on short sales and foreclosures: http://www.realtytrac.com/content/news-and-opinion/foreclosure-homes-account-for-28-percent-of-q1-2011-sales-6586 172 ShareContinue Reading... No Comments.
ShareWe believe that things are usually as they seem. We are not the type of organization that believes in conspiracies. However, there is something interesting in some of the housing price studies we are seeing in our research. It seems via Oswald Acted Alone and We Did Land on the Moon.Continue Reading... No Comments.
ShareOur blog yesterday discussed the challenge that banks are facing in their attempt to complete foreclosures. Some courts are attempting to void the foreclosure if the bank did not properly transfer the mortgage from one bank to another. The courts via Are Short Sales the BIG Solution?.Continue Reading... No Comments.