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New Program to Speed 'Short' Sales March 14, 2010, Wall Street Journal Short sales are a valuable tool for struggling homeowners. But they've been notoriously difficult to complete, with buyers and sellers often playing a long waiting game...
Spreading Foreclosures Still Concentrated in Sand States: RealtyTrac January 28, 2010, HousingWire The sand states, California, Florida, Nevada and Arizona, continue to lead foreclosures in metropolitan areas. However, other cities sheltered so far from...
RE/MAX Adds RealtyTrac Foreclosure Listings to Site November 30, 2009, DSNews Denver-based RE/MAX International, Inc. and California’s RealtyTrac announced Monday that the two companies have partnered to offer homebuyers a single online portal to...
Nearly 70 Percent of LV Homeowners ‘Underwater’ on Mortgage November 30, 2009, Las Vegas Sun Homeowners in the Las Vegas area continue to be punished by dropping prices, with the number underwater in their mortgages surpassing 319,000 or 69...
Home Prices in 20 U.S. Cities Fell Less Than Forecast September 29, 2009, Bloomberg News Home values in 20 U.S. metropolitan areas declined less than forecast in the year ended in July, a sign the housing slump that led to the worst recession in seven...
With Foreclosures Rising, Why is Housing Market Improving? Christian Science Monitor The US housing market shows signs of progress, even in the face of a rising and record tide of foreclosures. On its face, that sounds incongruous. All those loan defaults...
For real estate investors looking for pre-foreclosure bargains, a new federal law could unleash a torrent of short sales as struggling borrowers facing foreclosure unload their over-mortgaged homes to avoid huge tax bills on capital gains. HR 3648 , or...
With more and more sellers unloading their homes for less than what they owe on their mortgages, now is a good time for investors to start negotiating “short sales” with lenders . Real estate investors can find good deals as long as you are aware of the...
Scanning the Southern California Multiple Listing Service (MLS) last week, the one thing that stands out is the growing number of short sales. Last year, you rarely saw the phrase “short sale” in the MLS property description. Today, approximately 10 percent...