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Featured News, Mortgage, US Real Estate

Realty Trac: Median Price of Distressed Homes up 18%

By Mike Wheatley | November 27, 2014
The median price of distressed residential properties, which are those that are either in the foreclosure process or owned by a bank, jumped up by 18 percent year-over-year in October
Real Estate, US Real Estate

Boomerang Buyers AREN'T Bouncing Back

By Mike Wheatley | October 27, 2014
Only a small number of Americans who went through a foreclosure or short sale during the economic downturn have bought homes again, according to a study by Experian.
Mortgage, Real Estate, US Real Estate

Short Sales Falling Out of Favor with Underwater Homeowners

By Mike Wheatley | June 25, 2014
Real estate professionals say that their underwater sellers are less likely to consider a short sale, even if faced with foreclosure.
Real Estate, US Real Estate

Home Sales Dropped in February

By Allison Halliday | March 26, 2014
Last month home sales fell by 7.1% compared to February 2013 when a number of homes sold was 4.95 million. This meant home sales reached the lowest level seen for any month since July 2012. The experts are blaming the drop on the weather as well as the QM rule which was introduced in January […]
Real Estate, US Real Estate

Why Short Sales Often Don’t Live Up To Their Name

By Allison Halliday | March 12, 2014
An article in points out that whenever home buyers hear the word short sale, they take it to mean a property will be a good deal and is being sold by a distressed seller, particularly in areas where prices have already begun to rise quite substantially. In fact the reality can be quite different, […]
Real Estate, US Real Estate

As Prices Rise, Fewer Lenders Prepared to Grant Short Sales

By Allison Halliday | December 2, 2013
According to a RealtyTrac report, fewer lenders are willing to sanction short sales due to the fact that property prices are increasing. Over the past few months the number of short sales has gradually been falling. The article in Inman News shows that nationally in October short sales accounted for just 5.3% of all sales […]
Residential, US Real Estate

What To Consider When Qualifying A Short Sale

By Brian Kline | October 7, 2013
Short sales are slowly fading into the past but good deals will remain until increasing house values fully exceed under water values. Right now, short sales remain a viable investment option in many markets. Start By Qualifying the Seller While the amount of time it takes loan servicers to decide to accept a short sale […]
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