Rescue Florida Realty

March 2012 - Posts

• Home prices drop in 16 metro areas but increase in Miami

  Standard & Poor's /Case-Shiller home price indices for the month of January show prices falling in most major metro areas. The latest report shows annual price declines of 3.9% and 3.8% , respectively, for the 10- and 20-city composite indexes Read More... Posted Tuesday, March 27, 2012 5:55 AM by Jeffrey Rubin | 0 Comments

• Pending home sales eased down in February, but still up on 2011 levels

  Pending home sales fell slightly in February , but still remain well above levels set in the first half of 2011, the National Association of Realtors said Monday. The NAR Pending Home Sales Index is a forward-looking indicator of housing activity based Read More... Posted Tuesday, March 27, 2012 5:46 AM by Jeffrey Rubin | 0 Comments Filed under: homesales

• REO discounts to grow even bigger?

  NEW YORK – March 26, 2012 – Foreclosures are expected to pick up as soon as banks begin to clear their backlog of troubled loans – RealtyTrac is projecting a 25 percent increase in 2012. If an increase does occur, some housing experts Read More... Posted Tuesday, March 27, 2012 5:44 AM by Jeffrey Rubin | 0 Comments

• Negative equity gap nears $4 trillion

  The U.S. housing market contains a nearly $4 trillion negative equity hole, according to Williams Emmons, an economist with the Federal Reserve Bank of St. Louis . Emmons made that statement while speaking at HousingWire's 2012 REthink Symposium. Read More... Posted Tuesday, March 27, 2012 5:42 AM by Jeffrey Rubin | 0 Comments Filed under: housing bubble, mortgage, negative equity

• Freddie CEO signals GSE principal reduction could be soon

  Freddie Mac CEO Charles "Ed" Haldeman gave a strong signal Friday that new incentives from the Treasury Department may be enough to start principal reduction on mortgages backed by the government-sponsored enterprises. In January, the Treasury Read More... Posted Friday, March 23, 2012 8:38 AM by Jeffrey Rubin | 0 Comments Filed under: mortgage, Freddie Mac, HAMP, Treasure Department

• Rent your home from the bank?

  Bank of America Corp. is launching a pilot program that will allow homeowners at risk of foreclosure to hand over deeds to their houses and sign leases that will let them rent the houses back from the bank at a market rate. While the initial scope of Read More... Posted Friday, March 23, 2012 6:29 AM by Jeffrey Rubin | 0 Comments Filed under: For Rent/Lease, bank of america, foreclosure, short sale

• Bank of America - Too Crooked to Fail?

  If you have a chance to pick up the new issue of Rolling Stone please do so. Not for the cover story on Bruce Springsteen, but for the article from Matt Taibbi. Too Crooked to Fail is an article regarding the scary monster we call Bank of America and Read More... Posted Tuesday, March 20, 2012 5:17 AM by Jeffrey Rubin | 1 Comments Filed under: Real Estate, bank of america, Rolling Stone magazine

• Robo-signing whistleblower gets awarded millions

  Check out this video from TBWS Daily about the $18-million payout awarded to Lynn Szymoniak, the Florida homeowner and attorney who exposed the "Linda Green" robo-signing scandal, after she filed a whistle-blower lawsuit under the federal False Read More... Posted Monday, March 19, 2012 5:59 AM by Jeffrey Rubin | 0 Comments Filed under: robo-signing, Palm Beach Gardens, forclosure fraud, Lynn Szymoniak, $18-millon payout

• The backlash against Zillow & Co.

  It used to be a given for anyone selling a house that a real-estate agent would put the listing on national real-estate aggregator websites like Zillow , Trulia and Realtor.com to maximize exposure and sell the home quickly. But that could be changing Read More... Posted Thursday, March 01, 2012 8:02 AM by Jeffrey Rubin | 0 Comments Filed under: syndication, zillow, real estate listings, realtor.com