Real Estate Industry News

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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...

Latest News

Foreclosure vs_ Short Sale

Whether or not you ought to execute a short sale or let the home head to foreclosure is dependent upon several factors. While for many homeowners, it’s simpler to throw up both hands and let the bank take your property, which might not be the wisest course of action. Short Sale Benefits Here are several […]

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fraud

Homeowners concerned about foreclosure may be vulnerable to predatory “rescue” scams which may cost you money with no results, result in the loss of your home entirely, or involve you in a fraudulent scheme. To learn more, go to: www.efanniemae.com/utility/legal/pdf/fraudnews/mortgagefraudnews0709.pdf “Red Flags” of fraudulent schemes consist of: •             Promises to stop the foreclosure •             Significant […]

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man sitting outside house

It was just last summer that Charlotte Perkins made the hardest decision of her life as she and her husband Jim were caught in the vise of the housing bust. Wanting to downsize their lives as they headed toward retirement, they bought a new house in Mesa, Arizona, before they sold the old one, also […]

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The double-dip in home prices that began two years ago continued through the third quarter of 2011, according to the Fiserv (FISV: 62.55 -0.79%) Case-Shiller Indexes released Monday. However, there are signs of a recovery for 2013. The indexes projects average U.S. home prices will drop another 1% in 2012, and that increased home sales […]

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Don’t expect housing improvements to play a major part in any overall national economic recovery. Because housing now makes up only a small share of the economy, the sector is unlikely to add much more than 0.2% to annual gross domestic product growth in 2012 and 2013, according to analysts at Capital Economics. So although […]

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