REDC relaunches Auction.com
REDC relaunches Auction.com
May 17, 2010 — Inman News
Auctioneer Real Estate Disposition Corp. has relaunched the Auction.com website to handle the increased volume of online auctions for foreclosed homes, commercial properties, land, and performing and nonperforming notes, the company said.
Housing inventory down, prices up in D.C. area
May 17, 2010 — Washington Post
The glut of homes for sale in the Washington area has shrunk dramatically since the housing market's darkest days in 2008, and supply is now close to healthy in some spots.
TARP becomes prime target for senators facing reelection battles
May 17, 2010 — Washington Post
It was the chant heard around the Senate: Angry GOP delegates in Utah calling out "TARP! TARP! TARP!" as they tossed Sen. Robert F. Bennett from the primary ballot, punishment for the veteran lawmaker's 2008 vote to bail out the financial sector.
More homeowners choose to default on loans
May 17, 2010 — MarketWatch
CHICAGO — "Strategic defaults" are on the rise as more borrowers who are underwater on their home loans decide it's not worth it to stay current on their payments each month. That trend could have repercussions for the housing market, and for borrowers, in the future.
Permanent home-loan modifications under Obama program jump 30% in April
May 18, 2010 — Los Angeles Times
The Obama administration said Monday that its program to prevent foreclosures gained ground in April as more homeowners won permanently reduced monthly payments. But in a new sign of trouble, nearly a quarter of temporary reductions offered since last year have been canceled.