Would you walk away?

Would you walk away?
June 3, 2010 — Inman News
I used to think that walking away from the home and not making payments was wrong. Now I am not so sure.

Bid4Assets Announces its New Real Estate-Only Auction Web Site and Real Estate Disposition Program
June 4, 2010 — Healthosp

Bid4Assets (www.bid4assets.com), the nation's online auction expert in selling distressed assets since 1999, today announced its new real estate-only auction Web site, Bid4Homes(sm) (www.bid4homes.com), and its unique partnership with listing agents. Bid4Homes, which specializes in selling distressed real estate from banks, government agencies and private parties, is introducing a powerful new tool to accelerate the sale of REO properties, called the 3in1 Listing Program(sm). The 3in1 Listing Program is intended to maximize revenue and minimize holding time compared to traditional methods. Bid4Homes' unique 3in1 Listing Program combines the power of online auctions and the local expertise of real estate agents to triple the chances the property will sell. Bid4Homes will pay listing agents a commission on a successful sale.

Condo Relief Act Shields Bulk Buyers from Liability
June 3, 2010 — GlobeSt.com

MIAMI- On Tuesday, the governor of Florida, Charlie Crist, signed into law the Distressed Condominium Relief Act, which is designed to give assurance to bulk condominium buyers that they won’t be liable for the flaws in a building they did not develop. Theoretically, as bulk buyers are spared this liability, they will buy up more of the excess units built during the boom years. The law will goes into effect on July 1, 2010.

Bill to Prevent Avoidable Foreclosure Clears California Senate
June 3, 2010 — PRNewswire

OAKLAND, Calif. -- Legislation that would help prevent avoidable foreclosures and deter irresponsible lender and servicer behavior passed out of the California Senate today, 21-12.

Clear Capital Posts Largest Home Price Increase in Nearly Four Years
June 3, 2010 — DSNews

National home prices in May came in 6.8 percent higher than a year earlier, according to a Clear Capital study released Thursday. It’s the largest annual increase recorded by the California-based real estate valuation firm since July 2006.