Real Estate Industry News

Featured News


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

by:   

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

The Department of Housing and Urban Development will provide about $114 million in new grants for lead cleanup and other household hazards, according to an agency release. Much of the grant funds will go toward eliminating lead-based paint from low-income homes, particularly those with young children. About $66.3 million will be available through HUD’s Lead-Based […]

Read more...

WASHINGTON – U.S. home prices are falling again in most major cities after posting small gains over the summer and spring, the latest evidence that the troubled housing market won’t recover any time soon. The Standard & Poor’s/Case-Shiller index released Tuesday showed prices dropped in September from August in 17 of the 20 cities tracked. That was […]

Read more...

Capital recovery firm Vantium Capital said the significant jump in its short sale inventory in the last six months led to the formation of a new division to help handle the surging workload. The Irving, Texas-based company said fewer borrowers are qualifying for loan modifications, so much so that the Vantium short sale portfolio increased around 250% […]

Read more...

Occupy Wall Street and other housing activists are heading to neighborhoods hit hard by foreclosure Tuesday to protest the mistreatment of homeowners by mortgage lenders. Occupy Our Homes said it has scheduled a day of protests, with events scheduled in 25 cities, including New York, Los Angeles, Chicago and other cities. Among the actions expected […]

Read more...

On a late November afternoon, tractors with side chutes harvest sorghum from a small roadside farm, spitting it into a truck riding along. The grain is milled and sold as feed to a nearby dairy. About a year ago, this land was set for development. But the owner went bankrupt, and another developer bought it […]

Read more...