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Congressional punt leaves tax breaks for loan mods in limbo

by:   December 20, 2013

mouse-trap-money   A law offering homeowners a tax break when a portion of their mortgage debt is forgiven through a loan modification, short sale or foreclosure is about to expire, leaving thousands of homeowners in limbo. The U.S. Senate failed to pass legislation designed to extend the Mortgage Debt Relief Act -- a [...] Read more...
Are we in a housing bubble? Not even close, experts say

by:   September 23, 2013

housingbubble1 Soft home prices equal a healthier market   Christina Mlynski September 23, 2013 12:01AM   While some borrowers might pull out of the housing market at the sight of the the slowdown in home prices, market experts are cautioning consumers not to slam on the housing brakes just yet. Home prices only [...] Read more...
States divert foreclosure prevention money to demolitions

by:   September 5, 2013

detroit demo house1        by Kate Davidson Marketplace for Tuesday, September 3, 2013 The Treasury Department has changed the rules on the Hardest Hit Fund, a program meant to help people hit by the housing crisis stay in their homes, allowing states to use some money from the $7.6 billion foreclosure prevention program to demolish [...] Read more...
5 Tips to Help You Save for a Down Payment

by:   August 29, 2013

Piggy-bank-house-cash-0d595f-300×199   Benjamin Feldman of ReadyForZero.com. So you can’t wait to buy a house. You’ve already scoped out the neighborhood where you want to live, and you’re starting to imagine yourself settling into a brand new home. But there’s one problem: You don’t have enough money for a down payment. But don’t [...] Read more...
Underwater homeowners become a smaller slice of the pie

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UnderwaterMortgage   More than 1.96 million homeowners to be freed by next year Even as home values continue to recover, millions of homeowners remain so far underwater that it will take years for them to regain equity in their properties. However, the latest data from Zillow (Z) reveals that underwater borrowers are becoming a smaller and [...] Read more...

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leases

A distressed title transfer is a change in real property ownership.  Most distressed ownership changes are either by short sale or through foreclosure auctions.  At the foreclosure auction either the lender takes back the property or sells it to a third party (investor) at the auction. In 2011, 62,156 single family properties in Maricopa County […]

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  Foreclosure activity continues to wane across the U.S. with 52,000 foreclosures completed in April, down 16% from 62,000 a year earlier, CoreLogic ($26.26 -0.51%) said Wednesday. On a month-over-month basis, the number of finalized foreclosures remains unchanged. Last month, 1.1 million homes lingered in some stage of foreclosure – making up the nation’s foreclosure […]

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The Department of Housing and Urban Development may announce smaller sized settlements along with home loan servicers and additional insurance high quality increases to cover a $688 zillion pit in the Federal Housing Administration. Based on the fiscal 2013 budget projection from the Office associated with Administration as well as Spending budget Mon, the FHA […]

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The U.S. Department of Housing and Urban Development granted nearly $1.8 billion to public housing regulators for making enhancements within their housing stock. HUD disbursed capital to all 50 states, the District of Columbia, Guam, Puerto Rico as well as the U.S. Virgin Islands. The funds may be used to develop, fix, refurbish or modernize […]

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Having a definite knowledge of these topics will certainly help buyers and sellers avoid potential challenges through the negotiating phase and even after title is moved. FIXTURES: A fixture is an item of personal property which is so attached or connected to the property that it loses its character as personal property and results in […]

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